An academic paper on the practical aspects of innovation and technology implementation in Hong Kong. This paper suggests that a clearly stated strategy and implementation plan is needed for innovation and technology in Hong Kong.
Hong Kong has traditionally had a free trade economy but now needs to transition to a knowledge-based economy to sustain growth. While Hong Kong excels in basic infrastructure and financial markets, it lags in innovation and high education. To thrive in the future, Hong Kong must focus on high value knowledge industries and supporting all knowledge-intensive sectors through a horizontal strategy rather than picking winners. Hong Kong is well positioned to commercialize technology from China and connect Chinese and international companies due to its legal system, infrastructure and proximity to China. It should leverage these strengths to become a hub for the global knowledge economy.
This document discusses the social implications of developing a knowledge-based economy in Hong Kong. It examines how regions like Silicon Valley and the European Union have successfully created knowledge economies through supportive environments that encourage innovation. It argues that Hong Kong should continue innovating to transition from an export-dependent manufacturing center to a leading financial center. However, clear policy statements and allocated resources are needed from the government to develop a knowledge-based economy and provide new opportunities, especially for younger citizens.
By Gordon McConnachie and Alan K.L.Lung
Vol. 16 No.1 Spring 2013
Public Administration and Policy Journal
Published by Hong Kong Public Administration Journal and SPEED of The Hong Kong Polytechnic University
This document discusses Hong Kong's role in supporting Mainland China's 12th Five Year Plan through innovation and technology. It argues that Hong Kong is well positioned to serve as a hub for commercializing research from Hong Kong, China and elsewhere due to its strengths in the rule of law, free flow of information, and ability to access Western technologies. However, Hong Kong will need to develop stronger coordination between universities, government and businesses to maximize these advantages and avoid relying solely on traditional industries. The document proposes establishing an Innovation and Technology Bureau to better link Hong Kong with China's innovation goals and initiatives.
Innoteque 2016 was an event organized in Bucharest and Cluj between October 5-7, 2016 by Impact Hub and Recognos. Participants made a series of recommendations for building an ecosystem of innovation and entrepreneurship in Romania.
The document discusses innovation culture at the regional and company level. It defines innovation culture as an environment where people can explore and express their creativity and business skills. At the regional level, innovation culture can attract innovative enterprises by creating an appealing living environment. At the company level, innovation culture depends on managers' competencies, motivations, and behaviors that support the innovation process. The document also outlines a 7-year, 7 million euro national program in Latvia to strengthen regional innovation culture through various educational and business support initiatives.
TCI 2015 Exploration and Perspective of the Development of Chinese Hi-tech In...TCI Network
This document discusses the development of China's hi-tech zones and their role in promoting hi-tech industries and achieving industrialization. It outlines that China established its first hi-tech zone in 1988 and now has 146 zones. The zones have played a key role in China's economic growth, contributing over 10% of China's GDP. The document also discusses the experiences gained from developing the zones, including reforming policies, focusing on innovation, attracting global resources, and developing characteristic industries. It envisions the zones continuing to serve as platforms for regional innovation and building new industries through international cooperation.
Hong Kong has traditionally had a free trade economy but now needs to transition to a knowledge-based economy to sustain growth. While Hong Kong excels in basic infrastructure and financial markets, it lags in innovation and high education. To thrive in the future, Hong Kong must focus on high value knowledge industries and supporting all knowledge-intensive sectors through a horizontal strategy rather than picking winners. Hong Kong is well positioned to commercialize technology from China and connect Chinese and international companies due to its legal system, infrastructure and proximity to China. It should leverage these strengths to become a hub for the global knowledge economy.
This document discusses the social implications of developing a knowledge-based economy in Hong Kong. It examines how regions like Silicon Valley and the European Union have successfully created knowledge economies through supportive environments that encourage innovation. It argues that Hong Kong should continue innovating to transition from an export-dependent manufacturing center to a leading financial center. However, clear policy statements and allocated resources are needed from the government to develop a knowledge-based economy and provide new opportunities, especially for younger citizens.
By Gordon McConnachie and Alan K.L.Lung
Vol. 16 No.1 Spring 2013
Public Administration and Policy Journal
Published by Hong Kong Public Administration Journal and SPEED of The Hong Kong Polytechnic University
This document discusses Hong Kong's role in supporting Mainland China's 12th Five Year Plan through innovation and technology. It argues that Hong Kong is well positioned to serve as a hub for commercializing research from Hong Kong, China and elsewhere due to its strengths in the rule of law, free flow of information, and ability to access Western technologies. However, Hong Kong will need to develop stronger coordination between universities, government and businesses to maximize these advantages and avoid relying solely on traditional industries. The document proposes establishing an Innovation and Technology Bureau to better link Hong Kong with China's innovation goals and initiatives.
Innoteque 2016 was an event organized in Bucharest and Cluj between October 5-7, 2016 by Impact Hub and Recognos. Participants made a series of recommendations for building an ecosystem of innovation and entrepreneurship in Romania.
The document discusses innovation culture at the regional and company level. It defines innovation culture as an environment where people can explore and express their creativity and business skills. At the regional level, innovation culture can attract innovative enterprises by creating an appealing living environment. At the company level, innovation culture depends on managers' competencies, motivations, and behaviors that support the innovation process. The document also outlines a 7-year, 7 million euro national program in Latvia to strengthen regional innovation culture through various educational and business support initiatives.
TCI 2015 Exploration and Perspective of the Development of Chinese Hi-tech In...TCI Network
This document discusses the development of China's hi-tech zones and their role in promoting hi-tech industries and achieving industrialization. It outlines that China established its first hi-tech zone in 1988 and now has 146 zones. The zones have played a key role in China's economic growth, contributing over 10% of China's GDP. The document also discusses the experiences gained from developing the zones, including reforming policies, focusing on innovation, attracting global resources, and developing characteristic industries. It envisions the zones continuing to serve as platforms for regional innovation and building new industries through international cooperation.
Russian business incubator program _ prospect development and strategic plan ...Vasily Ryzhonkov
It is the purpose of this report to examine ‘best practices’ of setting up and operating
business incubators. Hence the strategic plan is a form of blueprint for the proposed pilot
project, identifying the parameters, goals, and processes of business incubator
development. The investigation of these components is referred to as PHASE ONE. The
purpose of PHASE ONE is to investigate the prospect development, thus setting the
direction for initiating PHASE TWO – the establishment of a Business Incubator Pilot
Project in Russia.
Finally, long-term and short-term objectives as well as potential stakeholders and funding sources are identified within the proposed three-phased 8-month strategic action plan
The document discusses supporting private sector research and development (R&D) in Turkey. It notes that Turkey has many talented students studying abroad and is becoming a manufacturing specialist, but needs to focus more on R&D and innovation to drive sustainable growth. The Technology Development Foundation of Turkey (TTGV) was established to promote R&D and innovation in the private sector through various funding programs. TTGV has supported over 500 projects with over $128 million USD in funding, helping generate over $400 million in total R&D spending in Turkey. However, the document argues Turkey needs to further increase investment in strategic large-scale R&D projects and learning regions to boost the country's competitiveness.
BUSINESS INCUBATION AS ELEMENT OF BUSINESS SERVICE INSTITUTION AND SME DEVEL...Vasily Ryzhonkov
The core of the political and economic transformation of any country in transition (CIT) is
the creation of the private sector, the development of entrepreneurship and creation of small and
medium-sized enterprises (SMEs). They are consideredto be one of the principal driving forces in
economic development. SMEs stimulate private ownership and entrepreneurial skills, they are
flexible and can adapt quickly to changing market demand and supply situations, they generate
employment, help diversify economic activity and make a significant contribution to exports and
trade. SMEs also play an important role in innovation and the high-tech business, due to their
flexibility and creativity many of them became large businesses. In this process emphasis should be
laid on creation of a business friendly environment in which the transformation of the society
towards a market economy should be taken place
PNO - Open Science EU (June 2016, final version)James Hughes
The document provides an overview of Horizon 2020, the European Union's flagship science and technology funding programme. It discusses several key points:
1) Horizon 2020 has a budget of nearly €80 billion over 7 years to fund research and innovation projects across Europe. Funding is allocated through competitive calls in areas like science, industry, and societal challenges.
2) Successful proposals must involve international consortiums, address a specific challenge, and score highly based on excellence, impact, and implementation. The average success rate for proposals is around 14%.
3) Beyond the main Horizon 2020 pillars, other funding options exist like the SME Instrument which provides grants up to €2.5 million for innovative small businesses.
This document discusses trends in commercializing public research. It begins by noting that commercializing public research is important for economic growth but challenging due to differences between public research and business. It then provides an overview of knowledge transfer and commercialization systems, and summarizes data on invention disclosures, university patenting, and public research institution patenting which show some leveling off in commercialization outputs in recent years. The document then examines trends in strategies and policies for commercialization, including legislative reforms, supporting entrepreneurial ideas, incentives for collaboration, the role of technology transfer offices, and collaborative intellectual property tools.
Horizon 2020 for SMEs - ttopstart, the Horizon 2020 expertsttopstart B.V.
Horizon 2020 is the foremost non-dilutive funding opportunity for research-intensive industry to finance and accelerate research and innovation activities. The aim of Horizon 2020 is to advance scientific knowledge and discovery, while securing Europe’s growth and global competitiveness through stronger involvement of industry and in particular SMEs.
This document discusses research and development (R&D) expenditures and activities around the world. It notes that the United States spends the most on R&D, followed by China, Japan, Germany, and South Korea. R&D is important for developing new products, gaining intellectual property, and remaining competitive. The document also provides suggestions for how India can improve its R&D efforts, such as by establishing more school and university research departments, focusing funding on key issues, and improving international collaboration.
Creative Value. Culture and Economy Policy paper, 2009Daniel Dufourt
Creative Value
Culture and Economy Policy paper, 2009
Published by
The Ministry of Economic Affairs
The Ministry of Education, Culture and Science
The Netherlands
September 2009, 60 pages
Turkey aims to become a knowledge-based economy by 2023 and has established research centers and clusters. However, to advance innovation, Turkey must invest heavily in developing human talent. It needs to attract back its scientific diaspora while also drawing foreign talent and collaborating internationally. Significant efforts are needed to improve education and training to develop local talent, as building human capital should be the priority over physical structures alone.
This document provides an introduction to a course on Innovation and Entrepreneurship (I&E). It discusses how I&E relates to other business areas and notes that the coursework will ask students to investigate an area of I&E and identify opportunities. It also highlights the importance of I&E to the economy and job prospects, citing views from industry reports, government ministers, and universities on growing sectors and driving innovation. The document provides an overview of perspectives on I&E and notes resources on the topics from various organizations.
Hungary aims to increase innovation and reach the EU average innovation performance by the end of the decade. To achieve this, Hungary plans to introduce new collaborative innovation environments including cooperative research centers between universities and industry, university knowledge centers, national technology platforms, innovation clusters, and living labs. Hungary will also support the process from invention to product development through programs like the IDEA Support Program and the Technology Incubator Program, which aims to strengthen business utilization of research through technology incubators and start-up company incubation.
Response to the Consultation on the European Commission’s Green Paper on Cha...IMP³rove Academy
IMP³rove‟s experience with EU and national public funding of R&D, innovation and competitiveness also strongly suggests further developing Innovation Management as a key success factor for achieving the objectives of the Innovation Union.
Please visit https://www.improve-innovation.eu/our-insights to get more insights and studies on innovation management topic.
Next generation Manufacturing - winning through technology and innovationFelipe Sotelo A.
The Indian manufacturing sector has grown steadily over the long term at an annual rate of 13%, but there remains significant untapped potential to increase its contribution to GDP and employment. While historical growth has been strong, recent manufacturing performance has been below par, with output declining in 7 of the past 11 months. The slowdown in capital goods has been particularly concerning. However, the government has introduced several initiatives through programs like "Make in India" to promote manufacturing growth by improving infrastructure, easing business regulations, and reforming labor laws.
“Corporate sector critical partnership in research development and sustained ...Abdul D. Mohammed
The document discusses the importance of partnerships between the corporate sector, research institutions, and governments in driving research and development and sustaining economic growth in emerging economies. It argues that increased investment from the private sector in R&D through collaborative projects with universities and research centers can help accelerate innovation and boost emerging market economies. The document also proposes the establishment of the Africa Asia Pacific Association of Small and Medium Enterprises as a platform to foster more sustainable partnerships between businesses and research organizations across Africa, Asia, and the Pacific.
This document discusses emerging industries, open innovation, and innovation policies to support emerging industries using open innovation approaches. It defines emerging industries as new industries in the earliest stages of development involving new technologies. Open innovation is described as combining internal and external ideas and pathways to market. The document proposes that innovation policies aim to promote open innovation projects between firms, universities, and pioneers of new technologies in order to identify and develop promising new industries, rather than trying to predict specific industries. This approach could help emerging industries form through collaboration and pooling of resources.
A short summary of the academic paper titled: "The politics and specifics of knowledge-based economy implementation in Hong Kong" by Dr Gordon McConnachie, Alan Lung and Sharon Gal Or
Paper P001 (E) Session 9A: Business Sector in Hong Kong submitted to:
The Eighth Annual Conference of The Asian Studies Association of Hong Kong,
8-9 March 2013, The Hong Kong Institute of Education
Russian business incubator program _ prospect development and strategic plan ...Vasily Ryzhonkov
It is the purpose of this report to examine ‘best practices’ of setting up and operating
business incubators. Hence the strategic plan is a form of blueprint for the proposed pilot
project, identifying the parameters, goals, and processes of business incubator
development. The investigation of these components is referred to as PHASE ONE. The
purpose of PHASE ONE is to investigate the prospect development, thus setting the
direction for initiating PHASE TWO – the establishment of a Business Incubator Pilot
Project in Russia.
Finally, long-term and short-term objectives as well as potential stakeholders and funding sources are identified within the proposed three-phased 8-month strategic action plan
The document discusses supporting private sector research and development (R&D) in Turkey. It notes that Turkey has many talented students studying abroad and is becoming a manufacturing specialist, but needs to focus more on R&D and innovation to drive sustainable growth. The Technology Development Foundation of Turkey (TTGV) was established to promote R&D and innovation in the private sector through various funding programs. TTGV has supported over 500 projects with over $128 million USD in funding, helping generate over $400 million in total R&D spending in Turkey. However, the document argues Turkey needs to further increase investment in strategic large-scale R&D projects and learning regions to boost the country's competitiveness.
BUSINESS INCUBATION AS ELEMENT OF BUSINESS SERVICE INSTITUTION AND SME DEVEL...Vasily Ryzhonkov
The core of the political and economic transformation of any country in transition (CIT) is
the creation of the private sector, the development of entrepreneurship and creation of small and
medium-sized enterprises (SMEs). They are consideredto be one of the principal driving forces in
economic development. SMEs stimulate private ownership and entrepreneurial skills, they are
flexible and can adapt quickly to changing market demand and supply situations, they generate
employment, help diversify economic activity and make a significant contribution to exports and
trade. SMEs also play an important role in innovation and the high-tech business, due to their
flexibility and creativity many of them became large businesses. In this process emphasis should be
laid on creation of a business friendly environment in which the transformation of the society
towards a market economy should be taken place
PNO - Open Science EU (June 2016, final version)James Hughes
The document provides an overview of Horizon 2020, the European Union's flagship science and technology funding programme. It discusses several key points:
1) Horizon 2020 has a budget of nearly €80 billion over 7 years to fund research and innovation projects across Europe. Funding is allocated through competitive calls in areas like science, industry, and societal challenges.
2) Successful proposals must involve international consortiums, address a specific challenge, and score highly based on excellence, impact, and implementation. The average success rate for proposals is around 14%.
3) Beyond the main Horizon 2020 pillars, other funding options exist like the SME Instrument which provides grants up to €2.5 million for innovative small businesses.
This document discusses trends in commercializing public research. It begins by noting that commercializing public research is important for economic growth but challenging due to differences between public research and business. It then provides an overview of knowledge transfer and commercialization systems, and summarizes data on invention disclosures, university patenting, and public research institution patenting which show some leveling off in commercialization outputs in recent years. The document then examines trends in strategies and policies for commercialization, including legislative reforms, supporting entrepreneurial ideas, incentives for collaboration, the role of technology transfer offices, and collaborative intellectual property tools.
Horizon 2020 for SMEs - ttopstart, the Horizon 2020 expertsttopstart B.V.
Horizon 2020 is the foremost non-dilutive funding opportunity for research-intensive industry to finance and accelerate research and innovation activities. The aim of Horizon 2020 is to advance scientific knowledge and discovery, while securing Europe’s growth and global competitiveness through stronger involvement of industry and in particular SMEs.
This document discusses research and development (R&D) expenditures and activities around the world. It notes that the United States spends the most on R&D, followed by China, Japan, Germany, and South Korea. R&D is important for developing new products, gaining intellectual property, and remaining competitive. The document also provides suggestions for how India can improve its R&D efforts, such as by establishing more school and university research departments, focusing funding on key issues, and improving international collaboration.
Creative Value. Culture and Economy Policy paper, 2009Daniel Dufourt
Creative Value
Culture and Economy Policy paper, 2009
Published by
The Ministry of Economic Affairs
The Ministry of Education, Culture and Science
The Netherlands
September 2009, 60 pages
Turkey aims to become a knowledge-based economy by 2023 and has established research centers and clusters. However, to advance innovation, Turkey must invest heavily in developing human talent. It needs to attract back its scientific diaspora while also drawing foreign talent and collaborating internationally. Significant efforts are needed to improve education and training to develop local talent, as building human capital should be the priority over physical structures alone.
This document provides an introduction to a course on Innovation and Entrepreneurship (I&E). It discusses how I&E relates to other business areas and notes that the coursework will ask students to investigate an area of I&E and identify opportunities. It also highlights the importance of I&E to the economy and job prospects, citing views from industry reports, government ministers, and universities on growing sectors and driving innovation. The document provides an overview of perspectives on I&E and notes resources on the topics from various organizations.
Hungary aims to increase innovation and reach the EU average innovation performance by the end of the decade. To achieve this, Hungary plans to introduce new collaborative innovation environments including cooperative research centers between universities and industry, university knowledge centers, national technology platforms, innovation clusters, and living labs. Hungary will also support the process from invention to product development through programs like the IDEA Support Program and the Technology Incubator Program, which aims to strengthen business utilization of research through technology incubators and start-up company incubation.
Response to the Consultation on the European Commission’s Green Paper on Cha...IMP³rove Academy
IMP³rove‟s experience with EU and national public funding of R&D, innovation and competitiveness also strongly suggests further developing Innovation Management as a key success factor for achieving the objectives of the Innovation Union.
Please visit https://www.improve-innovation.eu/our-insights to get more insights and studies on innovation management topic.
Next generation Manufacturing - winning through technology and innovationFelipe Sotelo A.
The Indian manufacturing sector has grown steadily over the long term at an annual rate of 13%, but there remains significant untapped potential to increase its contribution to GDP and employment. While historical growth has been strong, recent manufacturing performance has been below par, with output declining in 7 of the past 11 months. The slowdown in capital goods has been particularly concerning. However, the government has introduced several initiatives through programs like "Make in India" to promote manufacturing growth by improving infrastructure, easing business regulations, and reforming labor laws.
“Corporate sector critical partnership in research development and sustained ...Abdul D. Mohammed
The document discusses the importance of partnerships between the corporate sector, research institutions, and governments in driving research and development and sustaining economic growth in emerging economies. It argues that increased investment from the private sector in R&D through collaborative projects with universities and research centers can help accelerate innovation and boost emerging market economies. The document also proposes the establishment of the Africa Asia Pacific Association of Small and Medium Enterprises as a platform to foster more sustainable partnerships between businesses and research organizations across Africa, Asia, and the Pacific.
This document discusses emerging industries, open innovation, and innovation policies to support emerging industries using open innovation approaches. It defines emerging industries as new industries in the earliest stages of development involving new technologies. Open innovation is described as combining internal and external ideas and pathways to market. The document proposes that innovation policies aim to promote open innovation projects between firms, universities, and pioneers of new technologies in order to identify and develop promising new industries, rather than trying to predict specific industries. This approach could help emerging industries form through collaboration and pooling of resources.
A short summary of the academic paper titled: "The politics and specifics of knowledge-based economy implementation in Hong Kong" by Dr Gordon McConnachie, Alan Lung and Sharon Gal Or
Paper P001 (E) Session 9A: Business Sector in Hong Kong submitted to:
The Eighth Annual Conference of The Asian Studies Association of Hong Kong,
8-9 March 2013, The Hong Kong Institute of Education
This document discusses strategies for developing Hong Kong into a knowledge-based economy. It argues that Hong Kong should move beyond relying on basic requirements and efficiency to become innovation-driven. Developing a knowledge corridor between Beijing, Guangdong, and Hong Kong could maximize their combined strengths and complementarities. The document also examines innovation ecosystems in places like South Korea, Israel, and Europe that Hong Kong could learn from. It emphasizes that government has an important role to play in facilitating economic transitions through policies that support commercializing technology and knowledge-intensive SMEs.
Our HK Foundation's report -- based on a draft provided by the Victor and William Fung Foundation through the work of Fung Business Intelligence Centre
Slide presentation accompanying the paper titled: "Realizing Hong Kong's knowledge-based economy potential as part of a rising China" submitted to The Eighth Annual Conference of The Asian Study Association of Hong Kong, 8-9 March 2013
This document discusses policies and practices for Hong Kong to become a knowledge economy, including the proposed Innovation and Technology Bureau. It notes that Hong Kong needs a more holistic economic development approach and overall innovation/technology strategy. The proposed Bureau would provide strategic direction, exploit opportunities, explore new areas, coordinate government efforts, and help businesses extract value from intangible assets. The Bureau could also attract investment and position Hong Kong as a global innovation hub, indirectly assisting China's "going out" strategy through Hong Kong. Upgrading an existing government branch to form the Bureau would be a practical first step.
Insight Report - Public Policy and Innovation Economic Analysis: Hong Kong 20...Good City Foundation
This document summarizes a research report on public policy and innovation economics in Tai Po District, Hong Kong. A group of 24 interns conducted research over 6 months, including literature reviews, field work, and discussions with stakeholders. The research examined challenges in Tai Po in the context of Hong Kong's plans to develop new industries like advanced manufacturing. Key findings and recommendations were produced. The summary highlights the background policy documents guiding Hong Kong's development and importance placed on Tai Po's role in innovation and supporting the Greater Bay Area.
The document discusses Hong Kong's opportunity to become the Knowledge Centre of Asia and innovation hub for Greater China. Hong Kong is well-positioned due to its trusted business environment, excellent education, infrastructure, respected rule of law including IP law, and role as a bridge between China and the rest of the world. If Hong Kong leverages its human capital and expertise in intellectual capital management, it can help transform China's economy and create 20,000 high-paying professional jobs. A focal point is needed to help move organizations along the path of growth in the knowledge economy through coaching and mentoring. Doing so will benefit not just Hong Kong but China as well.
The role of science, industrial and technology parksAntonio Sfiligoj
presented at UNIDO workshop "Fostering inclusive and sustainable local industrial development in Europe and Central Asia" Ljubljana Slovenija April 8 2014
TCI 2016 Thinking out Innovation of industrial clusters in DaeguTCI Network
1) The document discusses industrial clusters in South Korea, focusing on Daegu. It outlines Korea's evolution from industrial complexes to clusters of innovation, highlighting mini-clusters in Daegu involving universities, companies, and research institutes.
2) It notes limitations including sustainability, effective long-term relationships, and efficient communication systems. Recommendations include continuous innovation efforts by companies and intensifying industry-university-institute collaboration.
3) The presentation examines approaches across Asia, questioning if there is a distinct "Asian model" of cluster-based development compared to Western approaches. Differences both within and between Asian countries are noted.
The document discusses issues relating to the proposed Guangzhou-Hong Kong Knowledge Corridor. It outlines areas of cooperation between Guangdong and Hong Kong as well as with other international organizations. It also addresses building Hong Kong's innovation ecosystem through various initiatives and merging Hong Kong's capacity with China's innovation systems. The document provides references on innovation strategy, regional cooperation, education and training policy, SMEs and open innovation, and governance and tracking progress.
This report summarizes a benchmarking project analyzing the status and future of university-based value creation in Finland, Israel, Massachusetts, and Singapore. The key findings across regions were that major universities have adopted an ecosystem approach, where 80-85% of knowledge transfer is created through alumni and students rather than direct research commercialization. Technology transfer offices represent a small percentage of university budgets. High-quality applied research conducted with industry is important. The roles of technology transfer offices are evolving to focus on networking between academia and industry. Proof-of-concept funding, incubators, and business angels are important for supporting startups. The report provides recommendations for Finland including new business development services, competence development programs, and revised funding mechanisms
This document discusses Hong Kong's strategy to develop innovation and technology (I&T) by transforming into a knowledge-based economy, diversifying the economy, and increasing competitiveness. It outlines the government's role as a connector and facilitator rather than direct player. It highlights Hong Kong's strengths in universities, talent, location, legal system, and infrastructure. It also addresses challenges like traditional pillars facing competition and lack of private sector R&D investment. Key initiatives discussed include funds for research, startups, and better living, as well as stimulating private sector R&D and supporting I&T startups.
Innovation Across Borders - Session 8 wang rong for toronto conferenceMaRS Discovery District
The document discusses international cooperation programs between Shanghai business incubators and organizations in other countries and regions. It provides an overview of business incubation in Shanghai and four models of transnational bilateral programs. The programs are intended to encourage entrepreneurship and commercialization of technologies by helping companies establish connections and operations overseas.
The objective of the PICK-ME (Policy Incentives for Creation of Knowledge – Methods and Evidence) research project is to provide theoretical and empirical perspectives on innovation which give a greater role to the demand-side aspect of innovation. The main question is how can policy make enterprises more willing to innovate? This task is fulfilled by identifying what we consider the central or most salient aspect of a demand-side innovation- driven economy, which is the small and entrepreneurial yet fast growing and innovative firm. We use the term “Gazelle” to signify this type of firm throughout the paper. The main concern of policy-makers should therefore be how to support Gazelle type of firms through various policies. The effectiveness of different policy instruments are considered. For example, venture capitalism is in the paper identified as an important modern institution that renders exactly the type of coordination necessary to bring about an innovation system more orientated towards the demand side. This is because experienced entrepreneurs with superior skills in terms of judging the marketability of new innovations step in as financiers. Other factor market bottlenecks on the skills side must be targeted through education policies that fosters centers of excellence. R&D incentives are also considered as a separate instrument but more a question for future research since there is no evidence available on R&D incentives as a Gazelle type of policy. Spatial policies to foster more innovation have been popular in the past. But we conclude that whereas the literature often finds that new knowledge is developed in communities of physically proximate firms, there is no overshadowing evidence showing that spatial policies in particular had any impact on generating more of the Gazelle type of firms.
Authored by: Itzhak Goldberg, Camilla Jensen
Published in 2014
CIB TG 72 is a task group established in 2008 to address public-private partnerships on an international level and provide a forum for research exchange on social, economic, political, and other issues related to PPPs. The task group aims to develop an international research community on PPPs by identifying champions from different regions to coordinate on capturing PPP practices. Planned outputs include hosting conferences and workshops, publishing books and journal articles, and developing a "PPP Roadmap" to guide future PPP development.
1. The document discusses steps for Hong Kong to become a knowledge-based economy in line with an APEC leaders' statement, including leveraging its advantages as a bridge between China and the West.
2. It argues Hong Kong needs to do more to encourage innovation and IP utilization at the enterprise level, including demonstrating IP management tools and raising awareness of opportunities.
3. The document proposes promoting Intellectual Capital Management to help enterprises identify revenue opportunities from existing knowledge and minimize risks to their intellectual assets.
Presentation made on 6 November 2012 at the "Beijing-Hong Kong Technology Cooperation and Investment Seminar" hosted by the Hong Kong Trade Development Council
Similar to The politics and specifics of Knowledge-based economy implementation in Hong Kong (20)
1) The document discusses the shift from traditional science diplomacy to innovation diplomacy, as globalization has increased scientific and innovation collaboration internationally.
2) Innovation diplomacy involves assessing risks and opportunities across the entire innovation value chain when collaborating between countries. It also faces challenges of differing intellectual property regimes and incentives between public and private actors.
3) Countries are employing new approaches to innovation diplomacy, including funding collaborative R&D partnerships, policy dialogues, international institutional networks, and addressing global challenges through coalitions. However, formal innovation diplomacy strategies remain rare.
This report presents the Human Freedom Index (HFI), a new measure of human freedom covering 152 countries. The HFI uses 76 indicators to measure personal, civil, and economic freedoms in areas such as rule of law, movement, religion, and size of government. Hong Kong, Switzerland, and Finland rank as the top three most free countries. The Middle East, Sub-Saharan Africa, and South Asia have the lowest freedom, while women's freedoms are least protected in those regions. Countries with higher freedom have significantly higher incomes. The HFI finds a strong correlation between freedom and democracy, though Hong Kong is an outlier with high freedom but not democracy.
This document discusses alternatives to the current democratic system in Hong Kong that could improve governance. It proposes establishing government-sponsored Future Centres, modeled after similar organizations in Europe. These centres would engage stakeholders in policymaking through research and civic participation. They aim to address issues like policy failures, lack of consensus building, and the government's limited capacity to solve complex problems. The document argues Future Centres could help re-establish public trust in government and alleviate irrational discussions in politics.
This document summarizes a report on crowdsourcing for democracy. It begins with an introduction stating that the report examines cases where crowdsourcing has been used in policymaking processes. It then provides definitions of crowdsourcing, explaining that it involves open online participation in tasks by an undefined group. The remainder of the report provides examples of crowdsourcing applications and analyzes its role and potential in democratic processes.
This document summarizes a report on the future of manufacturing. It finds that manufacturing relies on three pillars: factors of production, standards, and costs. Emerging technologies are transforming manufacturing through new waves of innovation. While offshoring and outsourcing have reshaped manufacturing, new trends toward nearshoring and reshoring are emerging as capabilities develop and input costs change. The report examines these trends and challenges in shifting the global economy.
This document discusses how population aging and increased longevity can create new markets and drive economic growth in the 21st century. It notes that major global companies have recognized aging as a strategic driver of commercial goals and a way to attract talent. While talk of "crisis" is common, many see aging as a powerful market opportunity if the right strategic framework is put in place. Both private sector innovation and supportive public policies will be needed to fully capture the opportunities of aging populations and create environments where people can enjoy long and active lives.
The document outlines 10 innovative urban solutions from around the world that address challenges facing cities. These solutions focus on principles like unleashing spare capacity, cutting demand peaks, small-scale infrastructure, and being people-centered. The innovations highlighted include (1) digitally re-programmable spaces that better utilize existing urban infrastructure; (2) an "Internet of Pipes" using sensors to monitor water networks and identify issues; and (3) using social networks for citizens to "adopt" and care for urban trees.
This document summarizes the history of trade policies used by developed countries during their early stages of development. It argues that contrary to popular belief, virtually no developed countries practiced free trade when they were developing. Instead, they actively promoted their industries through measures like tariffs, subsidies, and import restrictions. Specifically, it discusses how Britain promoted the wool industry in the 15th century and implemented policies like import tariffs and export subsidies in the 18th century to develop manufacturing. The document aims to debunk the myth that free trade led to development and argues historical evidence shows interventionist policies were more common.
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The politics and specifics of Knowledge-based economy implementation in Hong Kong
1. 1
The politics and specifics of
knowledge-based economy
implementation in Hong Kong
Dr. Gordon McConnachie
Founding Chairman, Scottish Intellectual Assets Centre &
Chief Technology Officer of Asia Pacific Intellectual Capital Centre
gmcconnachie@apicc.asia
Mr. Alan Ka-lun Lung
Director & General Manager
Asia Pacific Intellectual Capital Centre, Hong Kong SAR, China
alanlung@apicc.asia
Mr. Sharon Gal Or
Business Development Advisor
Israeli Chapter of the STARS Foundation
galorian1@yahoo.com
2. 2
Abstract
Purpose -- The purpose of this paper is to examine practical aspects of the implementation of
innovation and technology in Hong Kong. It takes the view that it is not enough for Hong Kong to
copy Mainland China's innovation system. Hong Kong is a unique part of China under "One Country,
Two Systems" and we need to make best use of Hong Kong's uniqueness and key competitive
advantages as a Chinese city that is part of, yet separate from China. For this reason we need to build
links with world best practices. Hong Kong is most useful if it succeeds in playing a unique and
irreplaceable role as the bridge between China and the OECD countries that would like to do
business with China through Hong Kong.
Design/methodology/approach -- This paper is built upon past whitepapers, presentations and a
proposal to bring Enterprise Europe Network to Hong Kong1
. It starts with the premises that Hong
Kong needs to put economic development and high-end job creation into practice. The paper explains
why Hong Kong’s economic diversification needs to be done through a focus on developing
knowledge-intensive industries and startups. However, before Hong Kong’s innovation ecosystem can
happen, public consensus must be built on why a new economic development direction is now needed.
Findings -- Hong Kong should continue to innovate and to transform itself from an export-dependent
manufacturing centre into one of the world's leading financial centers. Hong Kong should also try to
make best use of its very unique external economy of scale -- China's R&D capacity and the wish
amongst OECD countries to do business with China. These are the unique competitive advantages
Hong Kong needs to discover and exploit. However, indecision and inaction have not been useful. In
practice, support from the HKSAR Government is needed as a lot of practical policy initiatives need
to happen in Hong Kong first. Having a clearly stated economic transformation strategy, putting
together coordinated policies and gaining support from business and the public are the biggest
challenges ahead of Hong Kong.
Originality/value -- The viewpoints and recommendations made in the paper are original ones based
on observation and practical knowledge of the world's innovation eco-systems. Some insights of
economic development history and Hong Kong's political landscape are also included. The paper can
be used as inputs for a strategy and practical implementation of a knowledge-based economy in Hong
Kong.
Keywords -- Hong Kong, Knowledge-based Economy, Innovation & Technology, Enterprise Europe
Network, Innovation Ecosystem, Innovation Strategy, Intellectual Capital Management, 12th and 13th
Five Year Plan of China, Beijing-Guangdong-Hong Kong Knowledge Corridor, China's "Go Out"
Strategy, Economic Development Strategy, Political Economy, Meso-economics, OECD, European
Union, SME's Innovation Capacity, Positive Non-intervention, South Korea, Israel, Taiwan, Systemic
Innovation, Early-stage Technology Development Funding, YOZMA, Venture Capital.
Paper type -- This paper offers viewpoints and practical proposals on the implementation of a high-
value added knowledge-based economy in Hong Kong. It is also an economic development policy
paper that links Hong Kong to the developed OECD countries and Mainland China.
1
These whitepapers cover: "Realizing Hong Kong's prospect as a knowledge‐based economy a part of a rising China",
"Hong Kong Innovation and Technology Role in China's 12th Five Year Plan", "Hong Kong and the knowledge‐based
economy: development and prospects" and "Policy and practices of Hong Kong as a knowledge‐based economy and the
proposed Innovation and Technology Bureau". They are listed in the List of References of this paper.
3. 3
The politics and specifics of knowledge-based
economy implementation in Hong Kong
Table of contents:
Introduction
Why should Hong Kong diversify through a Knowledge‐based Economy strategy?
‐ Hong Kong's innovation system ‐‐ linked to but separate from the national systems
‐ Political economy lesson from Korea ‐‐ from "catch‐up" to "creative" development
‐ Strengthening the innovative capacity of SMEs
Winning the political argument for proactive support to economic development
‐ "Free Market" versus "Economic Planning"
‐ Liberalize the economy by supporting young entrepreneurs
‐ Focus on creating economic growth through SMEs
Building Hong Kong's Innovative Eco‐system
‐ Innovation is more than R&D
‐ Hong Kong's market niche ‐‐ internationalization and the last 10% of R&D
‐ Review the Meso‐economic structure ‐‐ institutions rules and regulations
‐ Address the systemic dimension of innovation
Implementation: the "1,2,3,4,5 steps"
‐ The 1,2,3,4, 5 Steps
‐ Learning from Korea's experience: from "catch‐up" mode to "creative" mode
Next Steps: making things happen
22. 22
References
1. "Realizing Hong Kong's knowledge-based economy as part of a rising China", Gordon
McConnachie and Alan Ka-lun Lung, Paper P001(E), Eighth Annual Conference of the
Asian Studies Association of Hong Kong (ASAHK 2013)
2. “Hong Kong and the Knowledge-Based Economy: Developments and Prospects”, Alan
Ka-lun Lung, Asian Education and Development Studies, Vol. 1 Iss: 3, Emerald Group
Publishing, 2012
3. “Hong Kong’s Innovation and Technology Role in Mainland China’s 12th Five Year
Plan”, APICC Whitepaper #7, March 2011
4. “Policies and Practices for Hong Kong as a Knowledge Economy and the Proposed
Innovation and Technology Bureau”, APICC Whitepaper #8, July 2011
5. “Proposed: Guangzhou-Hong Kong Knowledge Corridor”, Samson Tam Wai-ho, China
Daily Asia Pacific Edition, 6 July 2012
6. "Oslo Manual - Guidelines for Collecting and Interpreting Innovation Data, 3rd Edition",
OECD and Eurostat, 2005
7. "OECD Reviews of Innovation Policy - Korea", OECD, 2009
8. "OECD Reviews of Innovation Policy - China", OECD, 2008
9. "Governance of Innovation Systems, Volume 1: Synthesis Report", OECD 2005
10. "R&D Policy in Israel: An Overview and Reassessment", Manuel Trajtenberg, Tel Aviv
University, February 2000
11. "Mini Country Report/Israel", Pro Inno Europe, December 2011
12. "Building an innovation economy: public policy lessons from Israel", Northwestern Law
School and Kellogg School of Management, May 2011
13. "Hands on or Hands Off? The Nature and Process of Economic Policy in Hong Kong",
Tony Latter, Hong Kong University Press, 2007
14. "Innovation Reinvented -- Six Games that Drive Growth", Miller and Cote, University of
Toronto Press, 2012
15. "Start-up Nation: The Story of Israel's Economic Miracle", by Senor and Singer,
Hachette Book Group, 2009
23. 23
About the authors
Dr. Gordon McConnachie, B.Sc., Ph.D
Dr Gordon McConnachie is the founding Chairman of the Scottish Intellectual Assets Centre
(2003- 2007) and Chief Technology Officer of Asia Pacific Intellectual Capital Centre. He is
a chemical engineer by training and he spent most of his working career with Dow Chemical
where he grew up together with the innovation and technology transfer systems of the world
as we know them today. At Dow Chemical Europe (1989 - 1999), he invented the IP and
Intellectual Assets Management System for the worldwide company together with Phil
Barnett and Gordon Petrash. The system was later modified and applied across the global
company, where Gordon transferred technologies from companies and universities into Dow
Europe which brought him into intimate contact with the EU Innovation Relay Centres (now
Enterprise Europe Network). From 1999 to 2002 Gordon directed the European Intellectual
Asset Management Services of PricewaterhouseCoopers. In 2009, 2010, 2011 and 2012
Gordon was placed on the Global IAM 250 list of leading IA Strategists, one of only a
handful of experts on the list from China and the ASEAN Nations. Dr Gordon McConnachie
can be contacted at: gmcconnachie@apicc.asia.
Mr. Alan Lung Ka-Lun
Alan Lung Ka-lun was born and educated in Hong Kong. He was also educated at the
University of Wisconsin in the USA and Wilfrid Laurier University in Canada. He chairs the
Hong Kong Democratic Foundation (www.hkdf.org), a political and public policy think tank
founded in 1989. Alan is skilled in converting his knowledge of governments and public
policies into practical steps to move forward “Knowledge Economy” initiatives. He is a
member of the Innovation and Technology Advisory Committee of the Hong Kong Trade
Development Council (HKTDC) and he has been promoting innovation and technology
practices in Hong Kong, Guangzhou and Beijing through the Asia Pacific Intellectual Capital
Centre (www.apicc.asia) (where he is Director and General Manager), since 2006. Alan Lung
Ka-Lun can be contacted at: alanlung@apicc.asia.
Mr. Sharon Gal Or
Sharon Gal Or holds a B.Sc. and a M.Sc. degree in Life Science from Tel-Aviv University.
He is a writer and an educator and he is active in facilitating businesses in Israel to reach out
and do business in Asia. Locally in Hong Kong, Sharon is the Business Development
Advisor, Israeli Chapter of the STARS Foundation, an NGO that is active in helping
commercialization of IP sourced from around the world and promoting Hong Kong’s
position as a bridge to China for companies from Israel and from around the world. He is also
the Co-chair of the Green Energy Committee at IPPF - Independent Power Producers Forum
and the founder and CEO of Idea Sign Limited, a professional service company that provides
innovative design and consultancy services to companies.
Sharon Gal Or can be contacted at: galorian1@yahoo.com