1、Turning innovations into wealth:How to fill the commercialisation gap in Hong Kong2023ForewordMs.CHEONG Man Lei,Lillian,JP Under Secretary for Innovation,Technology and Industry of the Hong Kong Special Administrative Region Hong Kong has fully demonstrated its resilience in weathering the pandemic

2、in the past few years.Among the edges enjoyed by Hong Kong,innovation and technology(I&T)holds one of the keys for driving economic growth and hence enhancing the overall competitiveness of our society.In October 2023,the Chief Executive delivered the Policy Address,which gave further impetus to pro

3、mote the development of Hong Kong into an international I&T centre.In particular,to promote research and development(R&D)and transformation of results,the Policy Address announced(i)the establishment of the Hong Kong Microelectronics Research and Development Institute and the commissioning of the Mi

4、croelectronics Centre,which will provide advanced infrastructure and hardware facilities designated for microelectronics,within this year;(ii)initiating preparations for the establishment of the third InnoHK research cluster focusing on advanced manufacturing,materials,energy and sustainable develop

5、ment next year;(iii)doubling the maximum funding provided for the Technology Transfer Office of each specified university to HKD16 million in the coming year,as well as;(iv)attracting more renowned Mainland and overseas start-up services agencies to set up their operations in Hong Kong for providing

6、 incubation services and development guidance.In addition,we officially launched the Research,Academic and Industry Sectors One-plus Scheme in October 2023,which aims to unleash potential of local universities in transformation and commercialisation of R&D outcomes,and facilitate relevant collaborat