Jobs | Growth | Invest | Innovation Charles Mok's policy address and budget proposals to Hong Kong SAR Government Presentation to HK General Chamber of Commerce

1. Technology Policy for HK
Charles Mok
Legislative Councillor (IT)
HKGCC DIT Committee Sharing 2016.12.06
JOBS | GROWTH | INVEST | INNOVATION

2. Challenges we face
▷ Talent crunch
▷ Lack of investment and innovation for
economic growth
▷ Outdated regulations impeding
innovation and technology growth
▷ Smart City and digital infrastructure
development

3. “We need proactive and visionary
policy-making to keep up with competitors.

4. ICT Skills Gap
and Talent Crunch
We must address the shortage of skills, and create
better prospects for IT professionals.

5. To train, retain and attract IT talents
▷ We will need more data scientists,
software programmers and Information
Security experts for Smart City
development
▷ Application: FinTech, IoT, cloud
computing, Big Data, AI and Intelligent
Manufacturing

6. Recommendations
▷ A comprehensive and strategic review on
the IT manpower in the government -
reform T-contract outsourcing arrangement
and expand IT civil service positions
▷ To establish the IT professional qualification
framework

7. Recommendations
▷ IT Talents and Employment Support
Programme to help the industry train more
specialists with in-demand skills
▷ InnoTech Fellowship Programme to attract
tech talents work in overseas to work in HK
▷ Data Science Matching Fund to nurture
more data specialists

8. InnoTech and Economic Growth
Foster innovation and spur investment for competitive
edge and economic growth.

9. InnoTech boosts productivity for
traditional businesses
We need:
▷ Incentives to attract investment
for local InnoTech
▷ Government’s assistance to
elevate local R&D
▷ More businesses to adopt
innotech solutions
▷ Regulations to allow room for
innovation

10. Recommendations
- Policy
▷ Technology and Law Reform Committee to
look into areas where existing regulations
are impeding innovation and technology
growth
▷ Introduce mechanism allowing for
‘regulatory sandbox’ to foster innovation

11. Recommendations
- Policy
▷ InnoTech & Economic Transformation
Working Group : compose of representatives
from InvestHK, ITC, Cyberport, HKSTP,
Trade and Industry Department
▷ to foster innovation growth and the
partnership between traditional businesses
and the technology sector

12. Recommendations
- Funding
▷ A 5-year InnoTech and Productivity Tax
Incentive Scheme to boost local R&D.
▷ Automation Support Programme to
subsidise businesses to adopt automation
and expand the Investment as
Entrepreneurs scheme.

13. Support local SMEs and startups
Foster Fintech development
We need to focus on attracting venture and risk capital
to invest in local companies with potential.

14. Objective: create an innovation &
investment-friendly ecosystem

15. Recommendations
- Policy
▷ Create a Startups Accreditation Programme
to help local startups win projects from
government and industry buyers, where
accredited companies will be considered first
for SOA-QPS projects and industry
collaborations.

16. Recommendations
- Policy
▷ Set up Digital Marketplace Trial to help local
startups and SMEs gain contracts from the
government.
▷ Establish Tech Startups Roundtable
Conference to help startups understand the
regulatory environment and communicate
with the government on amending existing
regulations.

17. Recommendations
- Funding
▷ $1 billion matching fund to boost the
investment in startups who choose to base in
Hong Kong.
▷ Grant each bureau $100 million to foster
partnership with local startups and adopt
innovative services from these startups to
improve public services.

18. SMART CITY &
DIGITAL INFRASTRUCTURE
HK must set out on our own course by focusing on citizens’
needs and participation to make our city smarter.

19. Recommendations
▷ Smart City Incubation Programme to foster
the development of smart city through pilot
projects, hackathon events etc
▷ Create Next Generation Telecom
Infrastructure Investment Fund using income
from spectrum auction to invest in upgrading
telecommunication infrastructure to support
growth

20. Recommendations
- Policy
▷ designate Chief Data Officer and a 5-year
plan to make open, machine-readable data
and APIs the new default standard for
government information and data from
institutions, paving the way for more
innovative applications.
▷ Smart City Sandbox for expediting trial
schemes of technologies e.g. IoT

21. JOBS
GROWTH
INVEST
INNOVATION

22. Thank you
Questions?
charlesmok@charlesmok.hk
Facebook: Charles Mok 莫乃光