Application of Technology

28.       Future competition in global production will come down to technology and design. The application of innovative technology can enhance product functions, whilst design can help promote original brand name development as well as sales. The Government is keen to invest in research infrastructure and manpower development, and to promote design. We also encourage collaboration between business and research institutes to conduct joint applied research, enhance the technological level of industries and develop high value-added products.

29.       With funding support from the Government’s Innovation and Technology Fund, research and development centres have been set up in the fields of information communications technologies, logistics and supply chain management, automotive parts and accessory systems, nanotechnology and advanced materials, textiles and clothing. These are areas where Hong Kong has a comparative advantage. In addition, we have established an Integrated Circuit Design and Development Support Centre at the Science Park, as well as the Digital Media Centre and the Wireless Development Centre at the Cyberport. The SAR Government will earmark $100 million over five years for the Hong Kong Design Centre to further assist our trades and industries to make full use of their designs and build their brand names.