Hong Kong Thrives As An Innovative Technology Hub
Venture capital investment and startup company numbers in Hong Kong have grown by a substantial number over the last few years. This is all thanks to how well the innovative technology sector is doing.
Hong Kong has quickly become biotech companies’ largest fundraising hub in Asia. Globally, it is the second largest hub.
A Long-Time Supporter
Polytechnic University (PolyU) has long been a supporter of driving innovation and technology development in Hong Kong. PolyU has been a pioneer on the innovative technology front and has now taken steps to further its journey. It will now leverage its world-class research and academic strengths to help Hong Kong shine as a leading innovation and technology hub.
It aims to do this through certain strategic measures. These measures include collaborating with the Jiangsu-Hong Kong-Macao University Alliance and establishing a PolyU Academy for Interdisciplinary Research. It will also support the InnoHK initiative. In doing so, PolyU will develop three research centres.
These centres will be set up in two of Hong Kong’s research clusters. Like other world-renowned universities, PolyU is confident it can help transform Hong Kong into a global powerhouse regarding innovative technology.
Solid Government Commitment
Hong Kong’s Government is committed to the innovation and technology sector and its development. The innovation and technology ecosystem is flourishing by joining forces with universities that thrive on academic and scientific research.
The sector is also receiving support from the central government under the National 14th Five-Year Plan. The Government is also endeavouring to increase its efforts to turn Hong Kong into an international innovative technology centre.
There are plans to continue strengthening the collaboration with Mainland China and speed up reindustrialisation. The next five years are going to be crucial for Hong Kong if it is going to continue advancing forward in this field.