Innovation and Technology

Hong Kong ranks 14th out of 132 economies in the 2022 Global Innovation Index's infrastructure ranking.

China's 14th Five-Year Plan backs Hong Kong's rise as a global Innovation and Technology (I&T) hub and the HKSAR Government is sparing no effort in promoting I&T development, investing more than HK$130 billion (EUR 14.32 billion) over four years.

Centres of I&T development in Hong Kong include Cyberport, an innovative digital community with over 1,900 start-ups and technology companies that is also a key force shaping fintech development in the city.

The Hong Kong Science Park (HKSP) is the city's largest R&D base, home to more than 1,400 I&T enterprises and 13,000 R&D practitioners from 22 countries/regions. It has supported 7 home-grown unicorns and attracted 7 overseas unicorns.

The HKSP is establishing world-class research clusters in collaboration with globally renowned institutions and commercial entities. The first batch of R&D clusters involves Health@InnoHK focusing on healthcare, and AIR@InnoHK for artificial intelligence and robotics technologies.

The Hong Kong-Shenzhen Innovation and Technology Park is being built on a 87 hectare site at the Lok Ma Chau Loop, a strategic location at the boundary between the two tech-savvy cities.

Hong Kong's smart city development is set out in the Smart City Blueprint for Hong Kong 2.0 , which comprises initiatives under six smart areas, namely 'Smart Mobility';, 'Smart Living';, 'Smart Environment';, 'Smart People';, 'Smart Government'; and 'Smart Economy';.

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