In 2017 Policy Address with the theme of "We Connect for Hope and Happiness" announced by the Chief Executive Mrs Carrie Lam, new approaches and innovative measures were outlined to promote the development of innovation and technology on all fronts to bring new economic drive and to improve people’s daily life.

Key measures include no less than HK$10 billion as university research funding to encourage private companies to increase investment in R&D, the kick-start of a HK$500 million "Technology Talent Scheme" to train and pool technology talents, the injection of HK$3 billion into the Research Endowment Fund for local students, and the collaboration with Shenzhen in the development of "Hong Kong-Shenzhen Innovation and Technology Park" at the Lok Ma Chau Loop as the international IT hub in the Guangdong-Hong Kong-Macao Bay Area.

To further foster the innovation and technology development in Hong Kong, the Government will also invest HK$700 million to take forward key infrastructure projects for Smart City development to provide an "eID" for all Hong Kong residents, reform the development technology of e-Government and establish a big data analytics platform.

For details of 2017 Policy Address, please visit: https://www.policyaddress.gov.hk/2017/eng/index.html