The Hong Kong Science and Technology Parks Corporation (HKSTP) has recently partnered with 11 advanced manufacturing enterprises to establish their research and development centers, as well as operation and production bases at the HKSTP’s Science Park and InnoPark. This collaboration aims to create synergies with local businesses, research institutions, and higher education institutions to drive the development of diversified industrial chains and foster Hong Kong’s innovative and technology ecosystem.
According to Sun Dong, the Secretary for Innovation, Technology, and Industry, these companies – many of which are leaders in their industries – operate in sectors such as biopharmaceuticals, artificial intelligence, robotics and automation, semiconductors, new energy vehicles, and green energy. The total investments from these firms are expected to reach HK$14 billion (US$1.8 billion) and could potentially create more than 2,200 job opportunities.
This move by these companies shows confidence in Hong Kong’s efforts to establish itself as a global player in innovation and technology. By selecting Hong Kong as the location for their businesses, they recognize the city’s strengths in areas such as its skilled workforce, infrastructure, business-friendly environment, and access to talent from around the world. This partnership highlights the importance of collaboration between different stakeholders in building a vibrant innovation ecosystem that can support sustainable growth and competitiveness in key industries.
