Realizing Hong Kong’s Innovation Potential in the Greater Bay Area

Abstract

Many stakeholders are concerned that Hong Kong is “losing its competitive edge”. A recent research report finds that: non-positive interventionism no longer works; and Hong Kong’s research funding model needs improvement. Hong Kong should rejuvenate technology development through high-level government leadership by: informing government decision-making with professional and technical expertise; nurturing human capital and technological talent; and facilitating innovation collaboration between Hong Kong and especially the Greater Bay Area.