Government Support for Innovation & Technology

The Innovation and Technology industry is one of the key economic areas that the Government seeks to further develop. Here you can learn about what initiatives the Government takes to promote and support the industry.

Establishment of Innovation, Technology and Industry Bureau

Formally established on 20 Nov 2015, the Innovation, Technology and Industry Bureau (ITIB), formerly known as Innovation and Technology Bureau, is responsible for formulating holistic policies relating to innovation and technology; strengthening the co-ordination among the Government, industry, academia and research sectors; expediting the development of innovation, technology and related industries in Hong Kong; and promoting the development of “re-industrialisation” in Hong Kong. The Bureau comprises an Innovation,Technology and Industry Branch and oversees the operation of the Innovation and Technology Commission (ITC), the Office of the Government Chief Information Officer (OGCIO) and the Efficiency Office (EffO).

Other work priorities of the ITIB include collaborating with relevant policy bureaux and government departments, as well as the public and private sectors, in examining Smart City initiatives, facilitating further use of public sector information and big data applications, and developing Hong Kong into a connected Wi-Fi City.

More on the ITIB

The Innovation and Technology Fund

The Innovation and Technology Fund (ITF), administered by the ITC, aims to assist local companies to upgrade their technological level and introduce innovative ideas to their businesses through 17 funding schemes. You can refer to the following site for the scheme’s details, application method and a list of funded projects.  

More on the ITF

Incubation Programmes

To assist local technology start-ups and entrepreneurs to get through the most vulnerable inception stage of their businesses, the Hong Kong Science and Technology Parks Corporation (HKSTP) offers two incubation programmes to start-up tenants at the Science Park:

  • HKSTP Incubation; and
  • Incu-Bio for those involved in biotechnology.

The incubation programmes provide subsidised office space, financial aid package as well as a comprehensive range of support services for the incubatees during the incubation period.

More on HKSTP Incubation ProgrammesMore on HKSTP

"Re-industrialisation"

The Government has been actively promoting "re-industrialisation" and developing advanced manufacturing, which is less land or labour-intensive, based on new technologies and smart production, with a view to creating quality employment opportunities for young people and driving the diversified development of the Hong Kong economy.  "Re-industrialisation" is promoted along five areas, namely infrastructure, talent, capital, technology and scientific research.

More on the Hong Kong Science and Technology Parks Corporation's infrastructure supportMore on Re-industrialisation Funding SchemeMore on Re-industrialisation and Technology Training ProgrammeMore on the Research and Development CentresMore on Hong Kong Productivity Council's work

The Hong Kong ICT Awards

The Hong Kong ICT Awards aim to recognise, promote and commend the excellent achievements of the information and communications technology professionals and organisations in Hong Kong. It is supported by the OGCIO, Hong Kong Productivity Council and Hong Kong Trade Development Council (HKTDC).

More on the Hong Kong ICT Awards

The ICT Industry Portal

The portal provides timely industry news, trade events information, easy sourcing, marketing tools and global business opportunities for the information and communications technology industry.

Access the ICT Industry Portal

HKTDC International ICT Expo

The expo, organised by the HKTDC, showcases the newest products and solutions in information, communication and technologies such as telecommunications, multimedia, the Internet, digitainment, computer and peripherals.

More on HKTDC International ICT Expo

Design Inspire

This is another event organised by the HKTDC which brings design, brand-management, marketing strategy and applied technology companies together to showcase practical technologies and commercial designs.

More on Design Inspire
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Last revision date: October 2022