Hong Kong support R&D firms—official

British companies persuaded that they can benefit from packages offered by Hong Kong and China.

The Hong Kong Government offers comprehensive and strong support for research and development companies, including technological infrastructure, funds and its collaborative framework with Mainland China.

This was the message from Deputy Commissioner for Innovation & Technology Andrew Lai at the Think Asia, Think Hong Kong Symposium in London Wednesday.

Mr Lai said Hong Kong Science Park provides state-of-the-art facilities for research and development companies and a comprehensive incubation programme for start-ups.

Phases one and two of the park are home to more than 340 companies from five main industry clusters. Ten of these companies are UK-based. The development of phase three, which puts an emphasis on green technology, has already started.

Hong Kong has also set up five research and development centres to facilitate technology transfer and accelerate commercialisation of research output. 

Mr Lai said the governments of Hong Kong and Shenzhen have formed the Shenzhen-Hong Kong Innovation Circle to promote technological collaboration between the two cities.

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