HK$20
billion
Innovation & Technologie
With its proximity to Mainland China and strong support from the government, Hong Kong is well positioned to develop innovation and technology. Major R&D infrastructures such as the purpose-built Hong Kong Science and Technology Park and Cyberport are helping drive innovation and technology whilst the vigorous enforcement of intellectual property protection provides a sense of security for companies.
- Biomedicine – Plans to promote advancements in medical technology combined with the modernisation of Traditional Chinese Medicine has given the sector a boost. Medical and healthcare equipment companies in Hong Kong have opportunities to be contract manufacturers and sourcing partners.
- AI and Robotics – Re-industrialisation is a key industry focus as the city seeks to attract the manufacturing of high value-added products. Being one of the largest data storage hubs in the region with significant computational power, it provides an excellent environment for the development and application of AI technology.
- Smart City and IoT Technology – With the Smart City Blueprint of Hong Kong published in 2017, the city is making a great push with the development of IoT applications. Hong Kong’s high density urban development provides the ideal test bed for smart city technologies.
- Electronics – As a major centre for the region’s electronics industry, Hong Kong offers a solid research base with rigorous intellectual property protection, comprehensive communications and excellent transport networks. Local and foreign companies use the city for various activities including IC design, R&D, procurement and sourcing, manufacturing control and much more.
- Clean Technologies – Due to geographic and cultural proximity to Mainland China, the city is the ideal entry point for facilitating access to Mainland markets in the sourcing and manufacturing of clean technology products, such as renewable energy generation equipment, sensors, monitoring and detection equipment.
Fast Facts
HK$20 billion will be invested annually to promote and facilitate technology
High
demand
An ageing population and growing wealth both locally and abroad is driving the demand for innovative products and services
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