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Cultivating Hong Kong’s Innovation Ecosystem

Image Credits: HKSAR Government, Press Release
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The Office for Attracting Strategic Enterprises (OASES) hosted “Meet the Partners,” in collaboration with the Innovation and Technology Commission (ITC). Representatives from more than 40 strategic enterprises spanning diverse sectors, including life and health technology, artificial intelligence, data science, financial technology, and advanced manufacturing and new-energy technology were gathered.

Image Credits: HKSAR Government, Press Release

The ITC representatives provided an extensive overview of the various funding schemes designed to support innovation and technology (I&T) enterprises. The discussions focused on programs aimed at fostering research and development (R&D), such as the Enterprise Support Scheme, Research Talent Hub, and the Research, Academic, and Industry Sectors One-plus Scheme, a recent addition launched by the government in October. Attendees also had the chance to address specific concerns with the ITC representatives.

The ITC plays a pivotal role in administering the Innovation and Technology Fund (ITF), which seeks to enhance the added value, productivity, and competitiveness of Hong Kong’s economic activities. Currently, there are a total of 18 funding schemes under the ITF, offering support in five key I&T areas: “supporting R&D,” “facilitating technology adoption,” “nurturing technology talent,” “supporting technology start-ups,” and “fostering an I&T culture.” These schemes are tailored to meet the diverse business development needs of enterprises operating in the I&T sector.

In his opening remarks, the Director-General of OASES emphasised the pivotal role of I&T as one of the key development areas for the current-term Government. Attracting high-potential I&T enterprises is seen as crucial to promoting the development of strategic industries and building a robust I&T ecosystem.

OASES has been working in close collaboration with the Innovation, Technology, and Industry Bureau to support the Government’s efforts in consolidating and enhancing Hong Kong’s development, particularly in alignment with the objectives outlined in the 14th Five-Year Plan.

The overarching goal is to expedite the transformation of Hong Kong into an international I&T centre. Drawing on OASES’ experience over the past year, it has become evident that funding, talent acquisition, and policy measures are consistent major concerns for enterprises, irrespective of their size, industry, or development plans.

Identifying and implementing suitable I&T measures and resources are seen as critical steps in facilitating the establishment or expansion of strategic enterprises in Hong Kong. This, in turn, is expected to attract their upstream, midstream, and downstream partners to the region, creating synergies across the entire industry chain. The Director-General underscored the importance of addressing these common concerns to create an environment conducive to the growth and success of I&T enterprises in Hong Kong.

Looking ahead, OASES is committed to organising a series of promotional events aimed at providing networking platforms for strategic enterprises and stakeholders. These initiatives are intended to foster collaboration and partnerships, ultimately contributing to the vibrant development of Hong Kong’s I&T ecosystem. The strategic focus on I&T is aligned with the broader vision of positioning Hong Kong as a global hub for innovation and technology, with OASES playing a key role in driving this transformative agenda forward.

The Hong Kong Special Administrative Region (HKSAR) government is actively advancing its Innovation and Technology (I&T) agenda through the Innovation and Technology Commission (ITC) and collaborative efforts with the Office for Attracting Strategic Enterprises (OASES).

The ITC administers the Innovation and Technology Fund (ITF), offering funding schemes to enhance economic activities in areas such as research and development, technology adoption, talent nurturing, and start-up support.

OASES, in partnership with the Innovation, Technology, and Industry Bureau, focuses on attracting high-potential I&T enterprises. The government addresses common enterprise concerns, including funding and talent, demonstrating a commitment to fostering an I&T ecosystem. This aligns with the broader vision of transforming Hong Kong into an international I&T centre, as emphasised by its Director-General.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com