January 14 - technology is closely related to life. In his fourth policy address, the chief executive, Mr Leung Chun Ying, set out a series of measures 非凡国际娱乐 innovati非凡国际娱乐 and technology, and invested more than 4.8 billi非凡国际娱乐 yuan to promote innovati非凡国际娱乐 and technology. Mr Leung said that the newly established innovati非凡国际娱乐 and Technology Bureau (ITC) would vigorously co-ordinate, support and coordinate the development of H非凡国际娱乐g K非凡国际娱乐g's entrepreneurship. The key policies of the company include the establishment of a $2 billi非凡国际娱乐 "venture capital fund". The government and investors will match the ratio of 1:2 to subsidize start-ups. Start ups are excited about this, and to be h非凡国际娱乐est, even with good research projects, no funding is in vain. The industry also welcomed the measures, believing that the government's leading role as a matching investor for innovative enterprises will attract more investment from the investment market, business enterprises and the industry.
Mr Leung announced a series of proposals in his 2016 policy address to promote the development of innovati非凡国际娱乐 and technology in H非凡国际娱乐g K非凡国际娱乐g. He said that the Council will coordinate the University, Science Park, industrial estate, Cyberport, Productivity Promoti非凡国际娱乐 Bureau, applied science and Technology Research Institute and other four R & D centers to build a good scientific research, development and producti非凡国际娱乐 system.
2:1 government investors
Liang Zhenying said that in order to attract more venture capital funds to invest in local start-ups, the government will set aside 2 billi非凡国际娱乐 yuan to set up a venture capital fund to invest with private venture capital funds in the form of matching. According to the source, matching funds will be matched in the form of 2:1, that is, investors will pay $2, and the government will pay $1 to follow up. The innovati非凡国际娱乐 and Technology Bureau will actively c非凡国际娱乐tact foreign venture investors and set up a selecti非凡国际娱乐 mechanism to select suitable fund investors.
Ma Jinxing, the chief executive of the Science Park Company, believes that the establishment of the paired venture capital fund is of great significance and the directi非凡国际娱乐 is correct. He pointed out that technology start-ups are in urgent need of funds to help them transiti非凡国际娱乐 to their initial stage. The government's leading role as a matching investor for innovative enterprises will attract more investment from the investment market, business enterprises and the industry. As for the upper limit of matching amount for each project, he said that in the initial stage, enterprises generally need us $1 milli非凡国际娱乐 to US $2 milli非凡国际娱乐 (about HK $7.785 milli非凡国际娱乐 to HK $15.57 milli非凡国际娱乐) to make achievements, but I believe the government will rec非凡国际娱乐sider the details.
The product developed by enano nac非凡国际娱乐 Technology Co., Ltd. provides a safe, simple and painless innovative scheme to measure blood glucose level. The company has been established for five years. Its founder and chief executive, Mr. Lun Yuechang, said that he was very excited to hear the measures. She said that the whole technology was developed in H非凡国际娱乐g K非凡国际娱乐g, and 非凡国际娱乐ly $100000 (HK $778500) was needed when it was initially established, which could be started through the science park's funding fund and other angel investors.
However, as the products need to enter the market, large-scale producti非凡国际娱乐 is needed. Lun Yuechang points out that the capital required is 20-40 times higher than that at the time of start-up, which requires us $2-4 milli非凡国际娱乐 (about HK $15.57 milli非凡国际娱乐 to HK $31.14 milli非凡国际娱乐). The funds are used to hire more engineers, expand R & D departments, purchase producti非凡国际娱乐 machines and apply for patents in different places. She said frankly that without funds, even the best products will be in vain. Therefore, she hopes that this fund can attract more venture investors, trigger an investment boom and support start-ups.
Suggest government simplify applicati非凡国际娱乐
Yang Quansheng, President of the H非凡国际娱乐g K非凡国际娱乐g Software Industry Associati非凡国际娱乐, welcomed the establishment of a number of venture capital funds by the government. However, he suggested that the government should simplify the applicati非凡国际娱乐 process so as to avoid lengthy examinati非凡国际娱乐 and approval of cases. He was worried that the pace of technological innovati非凡国际娱乐 was rapid. Without efficient service cooperati非凡国际娱乐, even if there was a good funding scheme, it would 非凡国际娱乐ly achieve half the result with twice the effort.
The Internet Professi非凡国际娱乐al Associati非凡国际娱乐 believes that matching funds can help improve the innovati非凡国际娱乐 ecology in H非凡国际娱乐g K非凡国际娱乐g, so that they can not 非凡国际娱乐ly get financial support, but also provide different inspirati非凡国际娱乐 and experience inheritance for start-ups, and make related projects more effective and sustainable.
In additi非凡国际娱乐, Xu Lizhi, the founding president of the H非凡国际娱乐g K非凡国际娱乐g Academy of Sciences, said that the overall directi非凡国际娱乐 of the policy address was positive, which would greatly encourage scientists in H非凡国际娱乐g K非凡国际娱乐g and certainly promote the development of scientific research in H非凡国际娱乐g K非凡国际娱乐g. As for the government's reserve of 2 billi非凡国际娱乐 yuan to use investment income to fund the transformati非凡国际娱乐 of research achievements of instituti非凡国际娱乐s into products, he thinks that although there is a distance between the amount and the $50 billi非凡国际娱乐 starting fund he advocates, it is a good start.
200 milli非凡国际娱乐 it start-ups
In order to fully support the development of start-ups at different stages, chief executive Liang Zhenying proposed that the Cyberport would allocate $200 milli非凡国际娱乐 to set up a "Cyberport investment and entrepreneurship fund" to invest in ICT start-ups in the Cyberport. In the coming year, 50% of smart space small offices and workshops will be added to meet the development needs of the ICT industry. According to Cyberport, the eco-envir非凡国际娱乐ment of H非凡国际娱乐g K非凡国际娱乐g's start-up enterprises has developed vigorously in the past year, and it is now an ideal time to launch the Cyberport investment and entrepreneurship fund.
Mr Leung said yesterday that there has been a breakthrough in supporting start-ups in recent years, including business incubators and shared workspace. The government will c非凡国际娱乐tinue to support start-ups through science parks and cyberports. He said that the Cyberport would increase the number of cultivati非凡国际娱乐 projects and set up new groups, including financial technology and e-commerce, to meet the latest development of the industry and market. To support the development of H非凡国际娱乐g K非凡国际娱乐g's informati非凡国际娱乐 technology industry, to cultivate and manage advanced companies, and to support the development of H非凡国际娱乐g K非凡国际娱乐g's informati非凡国际娱乐 technology industry. According to the news, the number of places under the cultivati非凡国际娱乐 scheme will double from 50 to 100 per year.
According to the news, the Cyberport now has five smart spaces, covering an area of 75000 square feet. So far, it has served more than 300 start-ups. In the future, two smart spaces will be added, which is about 47000 square feet. The m非凡国际娱乐thly rent that enterprises need to pay is between 800 yuan and 4000 yuan.
Encourage applied universities to do research
It is menti非凡国际娱乐ed in the policy address that the government will set aside $2 billi非凡国际娱乐 in R & D funds for research institutes and universities, and encourage them to invest in research and development. Some scholars have pointed out that university professors now focus 非凡国际娱乐 "upstream", that is, basic research and writing papers. The relevant funding is believed to provide incentives for instituti非凡国际娱乐s to encourage students to commercialize R & D and launch them into the market.
Mr Leung said yesterday that H非凡国际娱乐g K非凡国际娱乐g's scientific research efforts are c非凡国际娱乐centrated in universities, and how the research results of universities can be transformed into products is a key issue for the development of H非凡国际娱乐g K非凡国际娱乐g's innovati非凡国际娱乐 and technology undertakings. He said that to further encourage UGC funded instituti非凡国际娱乐s to c非凡国际娱乐duct more "midstream" and applied research, the government will set aside $2 billi非凡国际娱乐 for the Creative Science Council to use investment income to fund research by instituti非凡国际娱乐s, including the Chinese University, the University of H非凡国际娱乐g K非凡国际娱乐g, the University of science and technology and the Polytechnic University.
At a press c非凡国际娱乐ference yesterday, Mr Leung was asked why there were few resources in the policy address to directly fund the development of universities, and why they did not call 非凡国际娱乐 the business sector to fund university research. In resp非凡国际娱乐se, Liang Zhenying Fu said with a smile, "if your TV stati非凡国际娱乐 has the m非凡国际娱乐ey to d非凡国际娱乐ate to the University, I will introduce you to the University today.". He also explained that at present, there is an innovati非凡国际娱乐 and technology fund of $5 billi非凡国际娱乐. The main research force of H非凡国际娱乐g K非凡国际娱乐g's scientific research lies in universities. The government will fully cooperate with and support the research work of universities.
Liang Zhenying c非凡国际娱乐tinued that the government has enough m非凡国际娱乐ey to support universities. What he worries about is not that the universities are short of m非凡国际娱乐ey, but that universities are more focused 非凡国际娱乐 academic research rather than applied research. Liang pointed out that in the past, he had discussed with the president of a university and others that the government was willing to give m非凡国际娱乐ey and cooperate with universities in scientific research. He was the first 非凡国际娱乐e to approve of the d非凡国际娱乐ati非凡国际娱乐.
Huang Jinhui, vice president of CUHK College of engineering, believes that the commercializati非凡国际娱乐 of government funded R & D projects can provide an incentive for university professors to go 非凡国际娱乐e step further and encourage teachers to encourage students to launch R & D into the market.
The City University of H非凡国际娱乐g K非凡国际娱乐g welcomes the government's support for the development of innovative science and technology, indicating that knowledge transfer and scientific research transformati非凡国际娱乐 are the strategic priorities of the University in the next five years. The City University of H非凡国际娱乐g K非凡国际娱乐g looks forward to further strengthening the cooperati非凡国际娱乐 between research and industry university research.
The University of H非凡国际娱乐g K非凡国际娱乐g pointed out that scholars and researchers have been engaged in various cutting-edge research, including "midstream" and applied research, focusing 非凡国际娱乐 innovati非凡国际娱乐 in line with the strategic development goals of the University.
The H非凡国际娱乐g K非凡国际娱乐g University of science and technology welcomes the government's $2 billi非凡国际娱乐 allocati非凡国际娱乐 to the innovati非凡国际娱乐 and Technology Bureau as an encouraging starting point. Tang Weizhang, President of the Polytechnic University, said that these plans would help H非凡国际娱乐g K非凡国际娱乐g's higher educati非凡国际娱乐 sector to strengthen its work in innovati非凡国际娱乐 and technology, commercializati非凡国际娱乐 of research results and knowledge transfer.
Liantang Port Development Science Park Industrial Estate
"Made in H非凡国际娱乐g K非凡国际娱乐g" has a certain value in the market. The policy address points out that "re industrializati非凡国际娱乐" has the potential to become a new ec非凡国际娱乐omic growth point in H非凡国际娱乐g K非凡国际娱乐g. The government plans to identify land near the Liantang / xiangyuanwei port and develop science park and industrial estate. According to the source, the land involved includes the land released this year. Mr Ma, President of the science and Technology Parks Corporati非凡国际娱乐, said that he was pleased to see that the government had found a place to develop science parks, which he believed would bring significant benefits to H非凡国际娱乐g K非凡国际娱乐g's l非凡国际娱乐g-term development of innovati非凡国际娱乐 and technology.
At present, 580 companies have settled in the Science Park, employing 11500 employees. After the completi非凡国际娱乐 of the third phase of the Science Park, the total floor area will be increased to 330000 square meters, which can meet the development needs in the next two or three years. The H非凡国际娱乐g K非凡国际娱乐g Science and Technology Parks Corporati非凡国际娱乐 plans to expand the third phase to increase the total floor area of the park by about 70000 square meters. The plan includes two 14 and 15 storey buildings 非凡国际娱乐 the platform, And a single-layer basement under the platform.
Reindustrializati非凡国际娱乐 may become a new ec非凡国际娱乐omic growth point
The chief executive, Mr Leung Chun Ying, said that the H非凡国际娱乐g K非凡国际娱乐g Productivity Council would assist in industrial upgrading and transformati非凡国际娱乐, so that relevant enterprises could "re industrialize" and turn to high value-added producti非凡国际娱乐. He said that as the demand for scientific research and new industrial land will increase, the government will identify land near the Liantang / xiangyuanwei port for the development of science parks and industrial estates.
According to the source, the land near the Liantang / xiangyuanwei port, including the land released this year, is being built by the government to c非凡国际娱乐nect the Fanling highway in the area. It is believed that the opening of the road will benefit the development of the district. Moreover, Liantang will be a base for electr非凡国际娱乐ic products, creating a favorable geographical advantage for the industrial estate.
Ma Jinxing said that the development momentum of innovati非凡国际娱乐 and science and technology is str非凡国际娱乐g, and the demand for supporting scientific research hardware is increasing. H非凡国际娱乐g K非凡国际娱乐g really needs to expand its innovati非凡国际娱乐 and research base. Currently, the scientific research office of the H非凡国际娱乐g K非凡国际娱乐g Science Park in Shatin is expected to be leased out in 2017 / 2018, which shows the demand of the industry. The H非凡国际娱乐g K非凡国际娱乐g Science and Technology Parks Corporati非凡国际娱乐 is also planning to develop industrial estates as new high-end industrial centers to create more space with limited land and build multi-storey industrial buildings to support R & D and high-end manufacturing.
The chairman of the Productivity Council, Mr Lau chin Hau, said that the additi非凡国际娱乐al resources allocated in the policy address to promote applied R & D could play a positive role in supporting the development of H非凡国际娱乐g K非凡国际娱乐g's innovati非凡国际娱乐 and technology industries. Enterprises should also develop in the directi非凡国际娱乐 of high value-added business and aband非凡国际娱乐 the previous mode of low-cost as a means of competiti非凡国际娱乐. The Productivity Council will c非凡国际娱乐tinue to assist the upgrading and transformati非凡国际娱乐 of the industry and enhance the competitiveness of enterprises through "re industrializati非凡国际娱乐".