Policy Address

72.         Moreover, in the 2015 State Science and Technology Awards announced recently, five of the winning projects were led or participated by Hong Kong scientific researchers. 

73.         Since the launch of the Hong Kong, Macao and Taiwan Science and Technology Co-operation Programme by the Ministry of Science and Technology in 2012, a total of 80 projects have been initiated so far.  Among these, Hong Kong took part in 41 projects.  The projects in turn promoted research and development collaboration between Hong Kong and the Mainland in areas such as biomedicine, electronic information, new energy and new materials. 

74.         Currently, there are six Hong Kong universities with offices in the Shenzhen Nanshan High-Tech Zone.  An entrepreneurship group from the Hong Kong University of Science and Technology and the Dongguan Songshan Lake Science and Technology Industrial Park have jointly set up an international robot industrial base.  Hong Kong and Shenzhen have also signed a co-operation agreement for promoting innovation and entrepreneurship among young people. 

Downstream Research

75.         Hong Kong’s scientific research efforts are concentrated in universities.  A key issue concerning the development of our innovation and technology industry is how the research results of universities can be commercialised.  To further encourage University Grants Committee-funded institutions to carry out more mid-stream applied research projects, the Government will earmark $2 billion to the ITB.  Investment income generated from the allocation will be used to fund research undertaken by the institutions. 

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