Paul Chan calls for synergy in HK's innovation sector

The government aims to guide investments in this sector.

Hong Kong calls for a push to improve its innovation and technology ecosystem.

"With the investments made and government policy support provided in recent years, Hong Kong is making good progress in establishing a vibrant innovation and technology ecosystem. However, to advance further, we must foster closer collaboration and synergistic development amongst the investment, industry, academic and research sectors," Financial Secretary of the HKSAR government, Paul Chan Mo-po, said at the Hong Kong Start-up Investment and Development Summit.

The Hong Kong Investment Corporation Limited (HKIC) hosted the summit with the theme “Empowering Industry Ecosystem by Capital, Igniting New Drivers for Economic Development.” 

“With the guiding force of capital, we aim to accelerate the implementation and transformation of research and development (“R&D”) outcomes, noting that technological R&D and application are living through a significant revolutionary period,” said Clara Chan, CEO of HKIC. 

They added that Hong Kong has a mature I&T ecosystem as well as top I&T talents. Coupled with comprehensive policy support, these advantages boost their confidence in the nurturing of New Quality Productive Forces in Hong Kong.

"In the future, we aim to guide investments to accelerate the flourishing development of the entire research, entrepreneurship, and innovation ecosystem, along with the industry chain, enriching their intrinsic power, explosive potential, creativity, and momentum for growth.” Mo-po said.