Policy Address

IV. Innovation and Technology

67.         Innovation and technological capabilities are key indicators of the level of social and economic development.  Innovation and technology not only create new momentum for economic growth, they also provide us with a more convenient, comfortable and secure way of living.

68.         The newly established Innovation and Technology Bureau (ITB) will make strenuous efforts to co-ordinate, support and complement the development of Hong Kong’s innovation and technology industry.  It will, among other things, proactively co-ordinate the work of universities, the Hong Kong Science Park, industrial estates, the Cyberport, the Productivity Council, the Applied Science and Technology Research Institute and four other research and development centres, and set up a robust system for scientific research, development and production. 

69.         2015 is an important year for innovation and technology in Hong Kong.  We saw the establishment of the ITB and the Academy of Sciences of Hong Kong.  The world-renowned Karolinska Institutet of Sweden has decided to open its first overseas research facility at the Hong Kong Science Park.  The Massachusetts Institute of Technology has also announced the establishment of its first overseas Innovation Node in Hong Kong.  In the year ahead, we must maintain our efforts to promote innovation and technology. 

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