School of Business and Management Department of Information Systems, Business Statistics and Operations Management 213 The Development of Innovation and Technology Industry in Hong Kong Supervisor: XU Yan / ISOM Student: CHAN On Yu / IS Course: UROP1100, Fall This report is written for the submission as progress report of UROP 1100 in The Hong Kong University of Science and Technology. Recent publications have highlighted the urgent need of developing Hong Kong’s Technology and Innovation (I&T) Industry. Governments play a crucial role in improving economies' innovation capacity. Effective government policies have proven to be the foundation for fostering development of prosperous I&T ecosystems. Yet, when compared to many other developed economies, Hong Kong is a relative late starter in promoting the I&T industry. The report tries to shed light on Hong Kong’s I&T industry performance and proposes policies to foster industry growth. The information and data presented in this report has been collected from primary and secondary sources. The Development of Innovation and Technology Industry in Hong Kong Supervisor: XU Yan / ISOM Student: TSO Chin Lap Justin / BIBU Course: UROP1100, Fall In the past decade, a series of policies, initiatives, funding, and bureaus were set up to foster the development of the Innovation and Technology industry in Hong Kong are formulated and implemented. With the proposition of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in 2017, Hong Kong is looking forward to capitalizing on the opportunities brought by such a megalopolis. Based upon policy address and legislative council keynotes, policies and industrial initiatives on Hong Kong’s technology and innovation within the context of GBA could be divided into four main segments: (1) Foster business and innovation collaboration, (2) Construct and integrate R&D and incubation infrastructure, (3) Nurture youth talent and entrepreneurs to anchor regional development The Development of Innovation and Technology Industry in Hong Kong Supervisor: XU Yan / ISOM Student: WONG Hor Kei / IS Course: UROP1100, Fall Hong Kong’s innovation and technology development has been lagging behind its counterparts, despite being an international hub with a developed economy. With the wave of industrial revolution 4.0 (or “IR4.0”), featuring artificial intelligences, automation and further integration and connection between machines, there may be a golden opportunity for Hong Kong to position itself to be international innovation hub and hence improve social mobility, by joining hands with the Mainland government, industries, academia and talents. The paper is a progress report exploring the impacts brought by IR4.0, followed by a SWOT analysis discussing how Hong Kong can leverage IR4.0 with the focus of local teenage mobility.
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