Industry-Academia-Research 1+ Scheme Opens Fourth Application Round
RTHK · 2 SOURCESabout 2 hours ago2 MIN
Summary
The Innovation Technology Department announced on Monday the opening of the fourth application round for the Industry-Academia-Research 1+ Scheme, with the deadline set for October 30 . Since its official launch in 2023, the programme has provided substantial support to 73 research and development projects spanning various cutting-edge technology sectors . The total government financial commitment has exceeded 3 billion HKD, demonstrating the administration's dedication to fostering innovation and technology advancement in Hong Kong .
The scheme operates on a matching grant basis, targeting research and development teams from University Grants Committee-funded universities that show potential to evolve into successful startup enterprises . This initiative aims to bridge the gap between academic research and commercial application, accelerating the transformation of scientific breakthroughs into marketable products and services. The authorities are encouraging universities to submit robust applications and continue their active participation in this collaborative ecosystem .
Key Points
- The fourth application round for the Industry-Academia-Research 1+ Scheme is now open, with submissions closing on October 30
- The programme has supported 73 funded projects across multiple technology domains, including space technology, health and medical science, new materials and new energy, AI and robotics, and advanced manufacturing
- Government financial commitment to the scheme has exceeded 3 billion HKD through three previous rounds
- The scheme uses a matching grant model to assist university research teams in commercialising their scientific research outcomes
- The initiative aims to deepen collaboration among government, industry, academia, research, and investment sectors to expedite technology transfer
Why It Matters
The Industry-Academia-Research 1+ Scheme represents a cornerstone of Hong Kong's strategy to position itself as an international innovation and technology hub. By providing substantial funding and fostering collaboration among multiple stakeholders, the programme helps translate academic research into tangible economic benefits, creating opportunities for job growth and attracting talent to the city's technology sector.
The Industry-Academia-Research 1+ Scheme represents a cornerstone of Hong Kong's strategy to position itself as an international innovation and technology hub. By providing substantial funding and fostering collaboration among multiple stakeholders, the programme helps translate academic research into tangible economic benefits, creating opportunities for job growth and attracting talent to the city's technology sector.