Hong Kong Honors Eight Firms in New Industrialization Scheme, Targets Tech Growth
Thestandard · 1 SOURCESabout 3 hours ago2 MIN
Summary
Hong Kong will provide targeted support to new industrial enterprises to accelerate new industrialization, Secretary for Innovation, Technology and Industry Sun Dong announced on Tuesday at the award ceremony for the New Industrialization Elite Enterprises Nurturing Scheme. Eight enterprises were selected from over 100 nominations spanning sectors including life and health technology, AI and robotics, semiconductors and smart devices. Sun expressed hope that awardees will strive for the "Made in Hong Kong" brand to support their future development.
Key Points
- Secretary for Innovation, Technology and Industry Sun Dong presided over the award presentation ceremony on Tuesday
- The inaugural New Industrialization Elite Enterprises Nurturing Scheme received over 100 nominations from various business sectors
- Eight enterprises were selected, including local firms, century-long established businesses, university research startups, and new market entrants
- The scheme covers life and health technology, AI and robotics, semiconductors and smart devices, digitalization, and upgrading and transformation
- The first five-year plan sets advancing new industrialization as a key direction for building an international innovation and technology hub
Why It Matters
The nurturing scheme provides a credible certification label to help enterprises build credibility and enhance market recognition, supporting Hong Kong's goal of developing a new industrial system with technology and innovation enterprises as key participants. This initiative reinforces the dominant role of enterprises in the innovation sector while positioning Hong Kong as an international innovation and technology hub.
The nurturing scheme provides a credible certification label to help enterprises build credibility and enhance market recognition, supporting Hong Kong's goal of developing a new industrial system with technology and innovation enterprises as key participants. This initiative reinforces the dominant role of enterprises in the innovation sector while positioning Hong Kong as an international innovation and technology hub.