Work together Big Bay Area cities urgedLocal | Sum Lok-kei Nov 15, 2017
Speaking at a forum organized by the Hong Kong Applied Science and Technology Research Institute, Tsui told industry and university representatives that there is room for the SAR to collaborate with other cities in the region.
With its world-class research and development institutions, Hong Kong can supply its neighbors with research talents, he said. Tsui, however, said that more needs to be done at local universities to balance the scholastic output of young researchers and their work in applying research findings.
Secretary for Innovation and Technology Nicholas Yang Wei-hsiung said the Hong Kong government will look into creating favorable conditions for innovation and technology development in the Big Bay Area.
"Just like the Pearl River Delta region which has become the factory of the world, the Guangdong-Hong Kong- Macau Bay Area, with a combined GDP bigger than that of the San Francisco Bay Area and three times its size, has the potential to become the next economic powerhouse of the mainland," Yang said.
The government will also seek "facilitating measures" for Hongkongers to study, work and retire in the Big Bay Area as it participates in the project's development.
Yang said the government will boost research and development in Hong Kong by implementing measures proposed in Chief Executive Carrie Lam Cheng Yuet- ngor's policy address, including a tax deduction on research and development done by local firms. A data technology hub will also be set up in the Tseung Kwan O Industrial Estate by 2020, Yang said.
ASTRI chairman Wong Ming-yam said the world has entered the fourth phase of industrialization. To "stay ahead of the game in an innovation-driven" economy, Hong Kong has to diversify its economy and engage in the Big Bay Area's development, he said.
ASTRI signed memorandums of understanding with four entities from Hong Kong and the mainland, including Hong Kong University of Science and Technology and Chinese consumer electronics firm Changhong.
A joint laboratory will be set up for ASTRI and HKUST to conduct joint projects in financial technology, big data and wireless communication. ASTRI and Changhong will develop power modules for power regenerative systems in railways.
ASTRI also showed off a prototype head-mount display that uses augmented reality technology. The prototype was designed for manufacturing plants. According to the institute, which is also in talks with a cell phone maker, it will allow workers to learn the manufacturing process quicker.