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HK fact sheet - technology (Nov 2007)

HK fact sheet - technology (Nov 2007) - Innovation and...

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Innovation and Technology Promotion of Innovation and Technology: Innovation and technology add value to products and services, and enhance competitiveness of our industries. The Innovation and Technology Commission (ITC) was set up on July 1, 2000 with the mission to spearhead Hong Kong’s drive to become a world-class, knowledge-based economy. To achieve this mission, the ITC supports applied research and development (R&D) and technology transfer and application; fosters an innovation and technology culture in the community; promotes technological entrepreneurship; provides technological infrastructure; facilitates the development of human capital to support innovation and technology; and promotes internationally accepted standards and conformity assessment services. The ITC also works closely with other government departments, the industrial and business sectors, tertiary institutions and industrial support organisations to promote applied R&D in different technology areas, as well as the upgrading of foundation industries. Following a comprehensive review and a public consultation exercise in 2004, the Government adopted a strategy on innovation and technology development which emphasises on focusing our resources on technology areas where Hong Kong has a competitive edge, market relevance, industry participation, leverage on the Mainland, and better coordination among different elements of the innovation and technology programme. Under the strategy, the ITC set up five R&D centres in April 2006 to promote applied R&D in five technology focus areas, namely automotive parts and accessory systems; information and communications technologies; logistics and supply chain management enabling technologies; nanotechnology and advanced materials; and textiles and clothing. Since their establishment, the Centres have been working closely with the industries in conducting industry-oriented R&D and promoting technology transfer to the relevant industries, thereby helping technology upgrading and enhancing the competitiveness of the industry in the Greater PRD region. As at the end of October 2007, 69 projects of the R&D Centres have been approved involving a total funding of $339.8 million. Steering Committee on Innovation and Technology: In January 2004, the Government established the Steering Committee on Innovation and Technology to coordinate the formulation and implementation of innovation and technology policy and ensure greater synergy among different elements of the innovation and technology programme. The Steering Committee is chaired by the Secretary for Commerce and Economic Development with members from relevant Government bureaux, academia, industry, and innovation and technology organisations. Steering Group on the Promotion of Innovation and Design: In November 2002, the Government formed the Steering Group on the Promotion of Innovation and Design in examining policy issues and coordinating the various elements of the Government’s programme and resources
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