Global STEM Professorship Scheme
55. Talent is the key to the success of I&T development. Over the past few years, we have substantially increased funding for local postgraduate students and resources for nurturing technology talents. Recently, some university presidents told me that quite a number of outstanding R&D talents working overseas are interested in coming to work in Asia in view of the rapid I&T development in Hong Kong, and that Hong Kong should seize this opportunity to attract more I&T talents. As such, I propose launching a Global STEM Professorship Scheme for a period of five years at an estimated cost of $2 billion.
Young Technology Talents
56. There are a number of large-scale technology enterprises in Shenzhen which require an extensive pool of talents in transferring R&D outcomes into application. Recently, some enterprises have taken the initiative to contact me and expressed their wish to provide employment opportunities in the GBA for the young people of Hong Kong who aspire to pursue a career in the I&T sector. Later, I will talk about the proposed Greater Bay Area Youth Employment Scheme, under which several hundred of places will be set aside for the I&T sector.