Innovation for Hong Kong's Upward Social Mobility

52 126 127 128 129 130 131 Ireland Proportion of R&D expenditure of overseas companies in 2016 Proportion of government R&D expenditure in 2016 Technology cluster Competitive advantages Industry-academy cooperation Employment support R&D facility incentives Policy effectiveness Multinational companies set up R&D centres 63.3% 126 25.8% Yes ICT, life sciences, nancial technology Attractive tax system Talents from all over the EU Industry-academy joint program Employment grant Capital grants, tax credits for R&D buildings In the past ten years, the activities of foreign R&D centers have increased by 144%. Dell, Intel, etc. Yes ICT, cyber security Proximity to Europe, Africa and Asia Hi-tech talents Industry-academy joint program (e.g., Magnet Consortium) Employment grant training subsidy 129 Co- nancing pilot program Multinational companies operate more than 320 research centers 130 Microsoft, Google, Apple, etc. Yes Life sciences, nancial technology, precision engineering Robust intellectual property system Rich diversity of international talents Skilled qualification program (two-year visa) As of 2016, 29% of global innovation centers are located in Singapore Dyson, Expedia, L’Oreal, etc. Gateway to the GBA International nance center Internship program applicable to ITF-funded R&D projects Research talent center (Quick talent recruitment channel) A total of 2 multinational companies have rented offices in Cyberport according to the Easy Landing Scheme 131 Huawei (Noah’s Ark Lab) Table 6.1 Comparison of Performance in Attracting Foreign R&D Investment 6 Develop Technology and Innovation Industries and Foster Upward Social Mobility