In 1998, the Government took initiative to develop the Digital 21 Strategy to turn Hong Kong into a leading digital city. After numerous reviewing and updating, the Digital 21 Strategy updated in 2008 aimed to:

  • Facilitate a digital economy
  • Promote advanced technology and innovation
  • Develop Hong Kong as a hub for technological cooperation and trade
  • Enable the next generation of public services and build an inclusive, knowledge-based society

Through this digital 21 Strategy, the HK government spend close to US$740 million in 2013 to 2014 and estimating to spend US$800 million in 2014 to 2015. Activities include:

The Innovation and Technology Fund: administered by the Innovation and Technology Commission, aims to assist local companies to upgrade their technological level and introduce innovative ideas to their businesses.

The Research and Development Cash Rebate Scheme:  aimed to reinforce the research culture and encourage businesses to establish stronger partnership with public research institutions. Under the scheme, a company will receive a cash rebate equivalent to 30% of its expenditure in R&D projects.

Research and Development: Set up world-class technological infrastructure and facilities to help nurture the development of technology-intensive clusters. The Hong Kong Applied Science and Technology Research Institute, the Cyberport and the Hong Kong Science & Technology Parks are some of them. The Cyberport (completed in 2004) occupies 24-hectare on the southwest side of Hong Kong Island and has the vision of becoming a leading information technology hub in this digital city of the Asia-Pacific region.

Incubation Programmes: To assist local technology start-ups. The Hong Kong Science and Technology Parks Corporation (HKSTPC) is one of them with three incubation programmes (providing subsidised office space, financial aid package as well as support services for the incubates): More on HKSTPC Incu-Tech for new technology start-ups (three years);Incu-Bio for those involved in biotechnology (four years); Incu-App for those focused in web- and smartphone-based apps (18 months).

The Hong Kong ICT Awards: To recognise, promote and commend the excellent achievements of the ICT professionals and organisations in Hong Kong. More on the Hong Kong ICT Awards.

Data centre development:  The Government attaches great importance to facilitating data centre development, and has been actively promoting Hong Kong as a prime location for data centres in the Asia-Pacific region. A Data Centre Facilitation Unit was set up on 25 July 2011 to facilitate and promote the development of more high-tier data centres in Hong Kong.

For more information regarding this posting, please contact ICE HK by e-mail to This email address is being protected from spambots. You need JavaScript enabled to view it.

Source: European Union Office to Hong Kong and Macao Trade Sector

(ICE HK) 15-Mag-2015




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