Promoting the Development of Applied
57. The Government will request universities to conduct
more impactful and translational research projects that meet
Hong Kong’s needs, so as to tie in with the work promoting the
development of industries and re-industrialisation. In this
regard, the Government will request the University Grants
Committee (UGC) to complete the review on the allocation of
research grants within one year, and expand the assessment
criteria to include research impact and effectiveness of
knowledge and technology transfer.
58. The Government will also request, through the UGC, all
universities to refine their knowledge and technology transfer
plans within six months and strengthen the role of their
knowledge transfer offices in co-ordinating and commercialising
research outputs. Universities should implement their refinement
programmes as soon as possible. The UGC and the ITB will keep
the universities’ implementation under review as one of the
criteria for fund allocation.
59. The $2 billion Midstream Research Programme is now
open for applications. The programme encourages universities to
conduct more applied research to facilitate downstream research
or product development.