2022-10-14-德勤-把握创科商机_共享香港繁荣发展_66页_14mb

Hong Kong's Innovation and Technology Ecosystem: Key Highlights and Opportunities

Hong Kong's Innovation and Technology (I&T) sector has been rapidly advancing, bolstered by strong government support from the national 14th Five-Year Plan and opportunities within the Greater Bay Area (GBA). The city is actively building a sustainable and connected I&T ecosystem, attracting collaboration between public and private sectors and positioning itself as an international I&T hub. Key I&T segments include life and health sciences, artificial intelligence (AI) and robotics, and smart city and ICT.

Hong Kong offers a comprehensive ecosystem to support I&T businesses, including:

• Robust IP Protection: A streamlined patent system and strong enforcement foster innovation.
• Favourable Financial System: As Asia’s financial hub, Hong Kong provides access to diverse funding sources, including equity financing and SPAC listings.
• Advanced Infrastructure: World-class transportation, logistics, and telecommunications infrastructure, including 5G networks, support business operations.
• Multicultural Talent Pool: Trilingual talent proficient in Cantonese, English, and Mandarin, supported by world-class universities and research institutes.

Strategic initiatives like the Northern Metropolis Development Strategy and the Hong Kong-Shenzhen Innovation and Technology Park (HSITP) further enhance cross-border collaboration in I&T. The city's status as a free port, low-tax regime, and free flow of talent make it an attractive hub for foreign businesses.

Key success metrics include:

• HKD150 billion invested in I&T since 2017.
• 3,755 start-ups in 2021, a three-fold increase over the past decade.
• 26.6 billion HKD in R&D expenditure in 2020, up 11% CAGR from 2017.
• High rankings in global digital competitiveness and innovation indices.

Collaboration platforms like HKSTP and Cyberport provide R&D facilities, funding, and mentorship. The GBA offers additional growth opportunities, while the Belt and Road Initiative facilitates global market access. Government programmes and incentives further support I&T development.

Overall, Hong Kong's thriving I&T ecosystem provides a strong foundation for accessing global markets, driving innovation, and supporting sustainable growth in I&T industries.