Innovation and Technology Bureau (ITIB): Hong Kong’s Blueprint for Tech & Industry Leadership

Hong Kong’s Innovation and Technology Bureau (ITIB), officially known as the Innovation, Technology and Industry Bureau, stands at the forefront of the city’s economic transformation. Established on 20 November 2015, this government policy bureau is driving Hong Kong’s evolution into a global innovation hub through strategic re-industrialisation, smart city initiatives, and seamless integration with the Greater Bay Area.

As Hong Kong navigates an increasingly technology-driven global economy, the ITIB serves as the central coordinating body for all innovation and technology policies, working closely with industry, academia, and research sectors to build a robust I&T ecosystem that positions Hong Kong as a “super-connector” between Mainland China and the world.

Vision, Mission, and Leadership of the Innovation and Technology Bureau

Our Mandate: Fueling Hong Kong’s Future Economy

The ITIB’s mandate extends far beyond traditional government oversight. At its core, the bureau is tasked with implementing the Hong Kong Innovation and Technology Development Blueprint, a comprehensive strategy designed to transform Hong Kong’s economic landscape through new industrialisation and technological advancement.

The blueprint focuses on several key strategic objectives:

Economic Diversification and Re-industrialisation: Moving Hong Kong beyond its traditional role as a financial center, the Innovation and Technology Bureau champions the development of advanced manufacturing and high-value technology sectors. This “new industrialisation” approach emphasizes innovation-driven production that leverages Hong Kong’s strengths in research, talent, and international connectivity.

Smart City Development: The bureau coordinates Hong Kong’s transformation into a smart city, integrating technology into urban infrastructure, public services, and daily life. From digital payment systems to intelligent transportation networks, these initiatives aim to enhance quality of life while maintaining Hong Kong’s competitive edge.

Greater Bay Area Integration: Recognizing that Hong Kong’s future is intrinsically linked to the broader region, the ITIB facilitates cross-border collaboration within the Guangdong-Hong Kong-Macao Greater Bay Area. This includes coordinating joint research initiatives, harmonizing standards, and creating seamless pathways for talent and capital flows.

Building a Super-Connector Role: The ITIB positions Hong Kong as a bridge between international innovation ecosystems and opportunities in Mainland China, leveraging the city’s unique “one country, two systems” framework, international legal standards, and world-class universities.

Leadership Team Driving Innovation Policy

The ITIB operates under the leadership of the Secretary for Innovation, Technology and Industry, currently Dong Sun, who reports directly to the Chief Executive of Hong Kong. The bureau’s organizational structure includes:

• Under Secretary for Innovation, Technology and Industry: Provides policy support and represents the bureau in Legislative Council discussions
• Permanent Secretary for Innovation, Technology and Industry: Oversees day-to-day operations and policy implementation
• Political Assistant: Supports the Secretary in political liaison and stakeholder engagement

The bureau works closely with the Innovation and Technology Commission (ITC), which serves as the implementing arm responsible for administering funding schemes, supporting applied research and development, and nurturing Hong Kong’s technology ecosystem. The bureau also coordinates with the Digital Policy Office (DPO), which focuses specifically on digital infrastructure and cybersecurity policy.

This leadership structure ensures that innovation policy remains responsive to both local needs and global technological trends, with clear accountability through regular reporting to the Legislative Council and public engagement through policy addresses and consultations.

Core Funding and Support Programmes

The Innovation and Technology Fund (ITF): A Comprehensive Support System

The Innovation and Technology Fund (ITF) represents the ITIB’s flagship financial support mechanism, serving as an umbrella for multiple specialized funding schemes designed to nurture innovation at every stage of development. Administered by the Innovation and Technology Commission, the ITF has invested billions of Hong Kong dollars in research, development, and technology adoption since its inception.

The fund operates on several key principles:

• Accessibility: Schemes are designed to support a wide range of applicants, from individual researchers and SMEs to large corporations and research institutions
• Strategic Focus: Funding priorities align with Hong Kong’s strategic technology sectors
• Impact Orientation: Projects are evaluated not just on technical merit but on potential economic and social impact
• Ecosystem Building: Beyond direct grants, the fund supports infrastructure, talent development, and industry-academia collaboration

Technology Voucher Programme (TVP) for Business Transformation

The Technology Voucher Programme (TVP) has emerged as one of the ITIB’s most popular and impactful initiatives, specifically designed to help Hong Kong SMEs leverage technology for productivity enhancement and business transformation.

How the TVP Works:

The programme provides matching grants of up to HK$600,000 per company across multiple approved projects. Unlike traditional business loans, this is non-repayable funding designed to lower the barrier to technology adoption for smaller enterprises.

Eligible Uses Include:

• Implementing customer relationship management (CRM) systems
• Adopting e-commerce platforms and digital marketing tools
• Installing cloud-based enterprise resource planning (ERP) systems
• Deploying cybersecurity solutions and data backup systems
• Integrating artificial intelligence and automation technologies
• Developing custom software solutions for business processes

Application Process (Simplified):

1. Eligibility Check: Companies must be non-listed entities incorporated or registered in Hong Kong under the Business Registration Ordinance for at least one year
2. Project Planning: Identify technology needs and obtain quotations from at least three service providers for projects over HK$100,000
3. Online Application: Submit via the dedicated TVP portal with company documents, project plans, and quotations
4. Assessment: Applications are reviewed based on project relevance, technological content, and value for money
5. Implementation: Upon approval, proceed with the project, maintaining proper documentation for reimbursement
6. Claims and Auditing: Submit claims with proof of payment and project deliverables for review

Key Success Factors:

Companies that succeed with TVP applications typically demonstrate clear business needs, realistic implementation plans, and appropriate budget allocations. The programme has helped thousands of Hong Kong SMEs digitalize operations, with funded projects ranging from traditional retail shops implementing point-of-sale systems to professional services firms adopting cloud-based collaboration tools.

Nurturing Start-ups: The Innovation and Technology Venture Fund (ITVF)

While the TVP addresses technology adoption, the Innovation and Technology Venture Fund (ITVF) targets the critical early-stage funding gap that many technology start-ups face. Recognizing that promising innovations often struggle to secure initial capital, the ITIB established this co-investment scheme to catalyze private venture capital investment.

The Co-Investment Model:

The ITVF doesn’t invest directly in start-ups. Instead, it partners with private venture capital funds on a 1:2 ratio—for every HK$1 the government invests, participating venture funds commit HK$2. This structure ensures:

• Market Validation: Private VC participation validates commercial viability
• Professional Management: Experienced fund managers handle investment decisions
• Risk Sharing: Government co-investment reduces risk for private capital
• Scale: Government participation enables larger funding rounds

Eligible Start-ups:

To qualify for ITVF-backed funding, start-ups must be:

• Hong Kong-based technology companies
• Primarily engaged in R&D and commercialization of innovative technologies
• In sectors aligned with Hong Kong’s strategic priorities
• Backed by professional venture capital or angel investment groups

Impact to Date:

The ITVF has successfully leveraged hundreds of millions in government funding to mobilize billions in total investment. Portfolio companies span artificial intelligence, biotechnology, fintech, and advanced manufacturing, with several achieving significant commercial success and contributing to Hong Kong’s reputation as a viable start-up hub.

The programme particularly benefits founders who have strong technology but lack industry connections or business development expertise—the VC partnership provides not just capital but mentorship, network access, and operational guidance.

Innovating for Society: The Fund for Better Living (ITFBL)

Not all innovation is about commercial returns. The Innovation and Technology Fund for Better Living (ITFBL) represents the ITIB’s commitment to using technology to address societal challenges and improve daily life for all Hong Kong residents.

Focus Areas:

The ITFBL specifically targets projects that enhance quality of life in areas such as:

• Elderly Care: Smart home technologies for aging-in-place, health monitoring systems, and assistive devices
• Environmental Protection: Air quality monitoring, waste reduction technologies, and energy efficiency solutions
• Accessibility: Technologies that improve life for persons with disabilities
• Public Safety: Community safety enhancement through smart technologies
• Urban Living: Solutions addressing housing, transportation, and public space challenges

What Makes ITFBL Different:

Unlike commercial funding schemes, ITFBL evaluates projects primarily on social impact rather than profit potential. Successful projects demonstrate clear benefits to target communities, scalability, and sustainability beyond the initial funding period.

Project Examples:

Funded initiatives have included mobile apps connecting elderly residents with community resources, IoT-enabled waste sorting systems for housing estates, and AI-powered learning tools for students with special educational needs.

The fund typically supports projects at the prototype or pilot stage, providing the resources needed to move from concept to real-world testing. This “proof of concept” funding helps social entrepreneurs demonstrate viability before seeking larger-scale implementation support.

Flagship Projects and Strategic Infrastructure

The Hong Kong-Shenzhen Innovation and Technology Park (HSITP)

The Hong Kong-Shenzhen Innovation and Technology Park (HSITP) represents perhaps the most ambitious physical manifestation of the ITIB’s vision—a 87-hectare innovation hub located in the Lok Ma Chau Loop that bridges Hong Kong’s strengths in fundamental research with Shenzhen’s manufacturing and commercialization capabilities.

Strategic Location and “One Zone, Two Parks” Concept:

Situated at the northern border, the HSITP connects directly with the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone on the Shenzhen side, creating what’s known as the “One Zone, Two Parks” model. This unique cross-border arrangement enables:

• Seamless Collaboration: Researchers and companies can operate across both parks under streamlined border arrangements
• Complementary Strengths: Hong Kong provides world-class basic research and international partnerships; Shenzhen offers rapid prototyping and manufacturing scale
• Talent Circulation: Special policies facilitate movement of researchers, students, and entrepreneurs between the two zones
• Resource Sharing: Expensive research facilities can be shared across the border

Focus Areas and Facilities:

The HSITP prioritizes several strategic technology clusters:

• Life and Health Technology: Advanced biomedical research facilities, including BSL-3 laboratories and GMP manufacturing spaces
• Artificial Intelligence and Data Science: High-performance computing centers and AI development platforms
• Advanced Materials: Research facilities for novel materials with applications in electronics, energy, and manufacturing
• Robotics: Development and testing facilities for industrial and service robotics

Current Development Status:

The park is being developed in phases, with initial buildings already under construction. The first batch of research institutions and companies are expected to move in by the mid-2020s. The ITIB has attracted leading Hong Kong universities to establish research centers in the park, alongside international research institutions and innovative companies.

Rental Support and Incentives:

To encourage early adoption, the government provides rental subsidies and infrastructure support, effectively reducing operational costs during the critical establishment phase. This support is particularly important for university spin-offs and early-stage companies that need world-class facilities but lack substantial capital.

Greater Bay Area Integration:

Beyond its direct connection to Shenzhen, the HSITP serves as a gateway to the broader 11-city Greater Bay Area market of over 86 million people. Companies located in the park can access:

• Simplified customs procedures for research equipment and materials
• Fast-track approval for cross-border research collaboration
• Connection to GBA-wide funding and procurement opportunities
• Access to GBA talent through relaxed work permit requirements

Building the San Tin Technopole / New Tin Science City

While the HSITP focuses on collaborative research, the San Tin Technopole (also known as New Tin Science City) represents Hong Kong’s vision for an integrated innovation ecosystem where research, advanced manufacturing, residential communities, and supporting services coexist.

Part of the Northern Metropolis Strategy:

The San Tin Technopole is a cornerstone of Hong Kong’s Northern Metropolis development plan, which reimagines the New Territories as an innovation-led economic zone integrated with the Greater Bay Area. Unlike traditional industrial parks, this development adopts a “live-work-play” model.

Planned Components:

• Research and Development Clusters: Facilities for fundamental and applied research in priority technology sectors
• Advanced Manufacturing: Clean manufacturing facilities for high-value production in life sciences, electronics, and new materials
• Innovation Support Services: Patent services, technology transfer offices, testing and certification facilities
• Residential Communities: Housing for researchers, entrepreneurs, and technology workers
• Educational Institutions: Technology-focused schools and research institute satellite campuses
• Commercial and Lifestyle Amenities: Supporting the ecosystem with retail, dining, recreation, and cultural facilities

Strategic Sectors:

The Technopole particularly emphasizes:

• Life Sciences and Biotechnology: Building on Hong Kong’s existing strengths in medical research
• New Energy Technologies: Including electric vehicle systems, battery technology, and renewable energy
• Advanced Manufacturing: Focusing on high-precision, low-pollution production
• AI and Robotics: Development and application of intelligent systems

Infrastructure Investment:

The Hong Kong government has committed substantial resources to developing necessary infrastructure, including:

• High-speed rail and road connections to Shenzhen and Hong Kong’s urban core
• Dedicated power and water supply systems meeting research-grade requirements
• Advanced telecommunications including 5G and fiber optic networks
• Green building standards and sustainable development principles

Timeline and Phasing:

Development is planned over multiple phases extending into the 2030s, with early-stage infrastructure and anchor projects prioritized. The ITIB works closely with the Development Bureau and other agencies to ensure coordinated planning and execution.

Fostering a Thriving I&T Ecosystem

Targeting Strategic Growth Sectors

The ITIB doesn’t attempt to support all technology sectors equally. Instead, it focuses resources on areas where Hong Kong has competitive advantages or critical future needs:

Artificial Intelligence and Data Science:

Hong Kong’s strengths in financial services, logistics, and life sciences provide rich datasets and real-world applications for AI development. The ITIB supports:

• University AI research centers and labs
• AI application pilot programmes in healthcare, finance, and smart city systems
• Partnerships with international AI companies establishing Hong Kong operations
• Talent development through scholarships and training programmes

Biotechnology and Life Sciences:

Building on world-class medical schools and research hospitals, the ITIB prioritizes:

• Drug discovery and development
• Medical devices and diagnostics
• Clinical data science
• Gene therapy and precision medicine
• Traditional Chinese medicine modernization through technology

Advanced Manufacturing:

Moving beyond traditional labor-intensive production, the focus is on:

• High-precision manufacturing for electronics and medical devices
• Smart manufacturing systems integrating AI and robotics
• New materials with advanced properties
• Environmentally sustainable production methods

New Energy and Environmental Technology:

Addressing both local needs and global opportunities:

• Electric vehicle technology, particularly batteries and charging systems
• Building energy management systems
• Waste reduction and recycling technologies
• Air and water quality monitoring and improvement solutions

Information and Communications Technology:

The foundation for all other sectors:

• 5G and next-generation telecommunications
• Cybersecurity solutions
• Blockchain and distributed ledger applications
• Cloud computing and data center innovation

Partnering for Success: Government, Industry, Academia & Research

The ITIB recognizes that breakthrough innovation rarely comes from any single sector operating in isolation. Success requires orchestrated collaboration among government, industry, academia, and research institutions.

University Collaboration:

Hong Kong’s universities consistently rank among the world’s best, producing high-quality fundamental research. The ITIB facilitates:

• Technology Transfer: Helping university research move from lab to market through the Technology Start-up Support Scheme for Universities (TSSSU)
• Industry Partnership Programmes: Matching university researchers with industry problems requiring innovative solutions
• Research Infrastructure Funding: Supporting expensive equipment and facilities that individual universities couldn’t afford alone

Hong Kong Science Park:

Operated by the Hong Kong Science and Technology Parks Corporation, the Science Park serves as the physical hub of Hong Kong’s innovation ecosystem. The ITIB supports its operations and works with it to:

• Provide incubation services for technology start-ups
• Offer specialized facilities for life sciences, electronics, and green technology
• Create networking opportunities connecting start-ups with investors and industry partners
• Deliver programmes helping companies scale from start-up to growth stage

Cyberport:

Focusing on digital technology, Cyberport complements Science Park’s hardware-oriented focus. The ITIB collaborates with Cyberport on:

• Supporting fintech, e-commerce, and digital entertainment companies
• Providing co-working spaces and accelerator programmes
• Organizing competitions and demo days connecting entrepreneurs with funding
• Developing digital talent through training programmes

Research and Development Centres:

The ITIB has established multiple R&D centers focusing on specific technology domains:

• Hong Kong Applied Science and Technology Research Institute (ASTRI) for electronics and IT
• Logistics and Supply Chain MultiTech R&D Centre (LSCM)
• Hong Kong Research Institute of Textiles and Apparel (HKRITA)
• Nano and Advanced Materials Institute (NAMI)
• Automotive Platform and Application Systems R&D Centre (APAS)

These centers bridge the gap between university basic research and commercial product development, conducting applied research that companies can readily adopt.

Industry Engagement:

The ITIB maintains advisory committees and working groups with industry representatives, ensuring policies remain relevant to business needs. Regular industry consultations inform:

• Funding scheme design and eligibility criteria
• Infrastructure planning and priority setting
• Regulatory reform to remove barriers to innovation
• Talent development programmes aligned with industry needs

Angel Investors and Venture Capital:

Beyond the ITVF, the ITIB works to strengthen Hong Kong’s early-stage funding ecosystem:

• Facilitating angel investor networks and deal flow
• Attracting international venture capital to establish Hong Kong operations
• Supporting business angel tax incentive programmes
• Organizing investor-entrepreneur matching events

Guides and Resources for Key Stakeholders

A Founder’s Guide: ITIB Support for Tech Start-ups

Starting a technology company in Hong Kong offers access to world-class research institutions, international capital markets, and a business-friendly environment. The ITIB provides comprehensive support throughout the start-up journey:

Stage 1: Ideation and Validation (University Researchers and Aspiring Entrepreneurs)

If you’re a university researcher with a promising technology:

• Apply to the Technology Start-up Support Scheme for Universities (TSSSU) for up to HK$1.5 million to develop your proof-of-concept
• Access university entrepreneurship programs and incubators
• Participate in pitch competitions to test market interest and gain visibility

For non-university entrepreneurs:

• Join incubation programmes at Hong Kong Science Park or Cyberport for subsidized workspace, mentorship, and networking
• Apply to the University-Industry Collaboration Programme (UICP) if your idea requires partnership with academic researchers

Stage 2: Early Development (Building Your MVP)

Once you have a validated concept and initial team:

• Apply for Hong Kong Science Park or Cyberport incubation programmes, which provide:
  • Subsidized rent (often free for the first year)
  • Access to shared facilities and equipment
  • Business development support and mentorship
  • Networking with potential customers and partners
• Seek co-investment funding through the Innovation and Technology Venture Fund (ITVF) if you’ve secured interest from a participating VC firm
• For R&D-intensive projects, explore Innovation and Technology Fund schemes supporting specific technologies or applications

Stage 3: Growth and Scaling (Expanding Your Business)

As your start-up gains traction:

• Use the Technology Voucher Programme (TVP) to upgrade business systems and adopt productivity tools (up to HK$600,000)
• Apply for Enterprise Support Scheme (ESS) funding for larger R&D projects commercializing new technologies
• Access IP advisory services to protect your innovations through patents and trademarks
• Join trade missions and exhibition programmes helping you access international markets

Stage 4: Scale-up and Expansion

For companies ready to scale significantly:

• Explore opportunities in the Hong Kong-Shenzhen Innovation and Technology Park for access to GBA markets and manufacturing capabilities
• Consider the Public Sector Trial Scheme if your solution could benefit government operations—successful trials provide strong customer validation
• Access export credit insurance and government loan guarantee schemes to support international expansion

Key Success Factors:

Successful start-up founders in Hong Kong typically:

• Clearly articulate their technology’s unique value proposition
• Demonstrate understanding of target markets and customers
• Build diverse teams combining technical expertise and business acumen
• Actively engage the ecosystem through events, networking, and mentorship
• Plan for intellectual property protection from day one
• Think regionally, leveraging Hong Kong as a gateway to Greater Bay Area and Asian markets

Where to Start:

Visit the InvestHK StartmeupHK portal for comprehensive information on starting a technology company in Hong Kong. Attend regular information sessions hosted by Science Park, Cyberport, and the Innovation and Technology Commission to learn about available programmes.

How Businesses Can Leverage ITIB Programmes for Growth

Established businesses—from SMEs to large corporations—can significantly benefit from ITIB programmes designed to accelerate technology adoption and innovation:

For SMEs: Digital Transformation on a Budget

Technology Voucher Programme (TVP) remains the most accessible starting point:

• Eligibility: Any Hong Kong-registered company can apply (except listed companies and government-funded organizations)
• Funding: Up to HK$600,000 across multiple projects (4:1 matching—government pays 75%)
• Common Uses: Customer relationship management systems, e-commerce platforms, inventory management, cybersecurity, cloud services

Application Tips for Success:

1. Clearly demonstrate business need: Explain current challenges and how technology will address them
2. Obtain competitive quotations: Get at least three quotes for projects over HK$100,000
3. Choose reputable vendors: Select experienced technology service providers with relevant track records
4. Plan realistic timelines: Allow adequate time for implementation and staff training
5. Document thoroughly: Maintain detailed records for reimbursement claims

For Companies Pursuing Innovation:

Enterprise Support Scheme (ESS) supports larger-scale R&D projects:

• Funding for projects developing new products, services, or processes
• Support for both internal R&D and collaboration with universities or research institutes
• Focus on projects with clear commercialization potential

Innovation and Technology Fund (ITF) Specialized Schemes:

Depending on your industry and project type:

• General Support Programme (GSP): Projects contributing to innovation and upgrading of industries
• Partnership Research Programme (PRP): Collaborative research with universities tackling industry challenges
• Midstream Research Programme: Applied research bridging basic discovery and commercial development

For Companies Expanding into Advanced Manufacturing:

If you’re considering re-establishing or expanding manufacturing in Hong Kong:

• Explore opportunities in the San Tin Technopole for dedicated advanced manufacturing facilities
• Access the Re-industrialisation Funding Scheme for capital equipment and plant setup
• Utilize Midstream Research Programme for developing innovative production processes
• Connect with ASTRI and other R&D centers for technology partnership opportunities

For Large Corporations and Multinationals:

Strategic Partnership Opportunities:

• InnoHK Research Clusters: Establish research laboratories in collaboration with universities
• Hong Kong-Shenzhen Innovation and Technology Park: Anchor tenant opportunities for major R&D facilities
• Talent Programmes: Access Technology Talent Admission Scheme for fast-track visas for overseas technology talent
• Pilot Programmes: Partner with government on technology pilots in smart city and public service innovation

Tax Incentives:

Beyond direct funding, companies benefit from:

• Super Tax Deduction for R&D: Up to 300% tax deduction on eligible R&D expenditure
• Patent Box Regime: Concessionary 5% tax rate on profits from qualifying intellectual property

Getting Started:

Most businesses should begin with a consultation with the Innovation and Technology Commission to understand which programmes best fit their needs. The ITC provides advisory services helping companies navigate funding options and application requirements.

Careers and Talent Development in Hong Kong’s I&T Sector

Hong Kong’s I&T sector offers diverse career opportunities, from research positions in world-class universities to entrepreneurial ventures and corporate innovation roles.

Educational Pathways:

The ITIB supports talent development through multiple initiatives:

STEM Education Enhancement:

• Funding for schools to upgrade STEM facilities and equipment
• Support for STEM enrichment programmes and competitions
• Teacher training in new technologies and pedagogy

University and Postgraduate Support:

• Research Talent Hub: Funding for universities to hire postdoctoral fellows and research assistants
• Hong Kong PhD Fellowship Scheme: Scholarships attracting outstanding PhD students globally
• Innovation and Technology Scholarship Awards: Supporting students pursuing I&T studies and careers

Professional Development:

• Reindustrialisation and Technology Training Programme (RTTP): Subsidized training for existing employees to upgrade technology skills
• Technology Talent Scheme (TTS): Including programmes for talent attraction, nurturing, and retention

Career Opportunities:

The ecosystem offers roles across multiple sectors:

Research and Development:

• University research positions in engineering, life sciences, computer science, and materials science
• R&D center positions in applied research and technology development
• Corporate R&D roles in multinational companies establishing Hong Kong operations

Start-up and Entrepreneurship:

• Founding team positions in early-stage technology companies
• Specialized roles in growth-stage start-ups expanding regionally
• Venture capital and angel investment firms supporting the ecosystem

Corporate Innovation:

• Innovation manager positions in traditional companies pursuing digital transformation
• Technology consulting roles helping businesses adopt new solutions
• Product development positions in established technology companies

Government and Public Service:

• Policy positions in ITIB and related government departments
• Innovation and Technology Commission technical and administrative roles
• Public sector organizations implementing technology solutions

Job Search Resources:

• Innovation and Technology Commission Job Vacancies: Regular postings on the ITC website
• Hong Kong Science Park and Cyberport Job Boards: Listings from resident companies
• University Career Centers: Connecting students and alumni with I&T opportunities
• InvestHK: Resources for overseas professionals considering Hong Kong careers

Working in Hong Kong’s I&T Sector: What to Expect

Advantages:

• Competitive salaries, particularly for specialized technical skills
• International work environment with diverse teams
• Access to regional markets and opportunities
• Government support for professional development
• Low personal income tax (maximum 17%)

Unique Opportunities:

Hong Kong’s position bridging East and West creates unique roles:

• Helping international companies enter Asian markets
• Facilitating Chinese companies’ international expansion
• Cross-border research collaboration with Mainland institutions
• Regional technology transfer and commercialization

Transparency, News, and Public Engagement

Latest News and Policy Address Updates

The ITIB maintains transparency through regular public communications and legislative reporting:

Policy Address Integration:

Each year’s Policy Address by the Chief Executive includes major ITIB initiatives and forward-looking commitments. Recent addresses have announced:

• Expansion of funding schemes and increased budget allocations
• New infrastructure projects like the San Tin Technopole
• Talent attraction measures and immigration policy updates
• International partnership programmes and agreements

Legislative Council Engagement:

The ITIB regularly appears before Legislative Council (LegCo) panels to:

• Present policy proposals and seek funding approval
• Report on programme performance and outcomes
• Respond to legislators’ questions on I&T matters
• Provide updates on major projects and initiatives

Press Releases and Announcements:

The bureau maintains an active press office, issuing releases on:

• Funding scheme launch dates and application deadlines
• Major funding approvals and project milestones
• International delegations and partnership agreements
• Industry developments and ecosystem achievements

Public Consultations:

For significant policy changes, the ITIB conducts public consultations:

• Publishing consultation papers outlining proposals and rationale
• Collecting submissions from stakeholders and the public
• Organizing forums and briefing sessions
• Publishing summary reports on consultation outcomes and government responses

Where to Stay Updated:

• Official ITIB Website: Primary source for announcements and policy documents
• Innovation and Technology Commission Portal: Detailed information on funding schemes and application procedures
• Social Media Channels: Updates on events, achievements, and opportunities
• Newsletter Subscriptions: Regular email updates on sector developments

Commitment to Open Governance

Annual Open Data Plan:

The ITIB participates in the government-wide open data initiative, publishing datasets including:

• Funding scheme statistics (applications, approvals, amounts disbursed)
• Innovation and technology indicators tracking ecosystem growth
• Public spending information and budget allocations
• Performance metrics for government-supported programmes

Disclosure Records:

In compliance with transparency requirements:

• Financial Disclosure: Details on major contracts, grants, and expenditures
• Gifts and Hospitality: Records of official gifts and hospitality received by bureau officials
• Travel Records: Information on official overseas trips and purposes

Performance Monitoring:

The ITIB publishes regular reports assessing:

• Number of companies and individuals supported through various programmes
• R&D output metrics (patents filed, papers published, products commercialized)
• Economic impact measures (jobs created, investment attracted, revenue generated)
• Comparison against targets set in policy documents

Public Access to Information:

Citizens can request information through:

• Code on Access to Information: Formal requests for government records
• LegCo Questions: Legislators regularly ask questions on behalf of constituents
• Public Engagement Sessions: Regular opportunities for stakeholder input
• Ombudsman Complaints: Independent review of administrative actions

This commitment to transparency builds public trust and enables stakeholders to make informed decisions about engaging with ITIB programmes.

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Frequently Asked Questions

What is the Innovation and Technology and Industry Bureau (ITIB)?

The Innovation, Technology and Industry Bureau (ITIB) is the Hong Kong government policy bureau responsible for driving the city’s innovation and technology development, formulating I&T policies, and coordinating re-industrialisation efforts. Established on 20 November 2015 (and reorganized with expanded scope in July 2022), the ITIB works across government, industry, academia, and research sectors to build Hong Kong’s innovation ecosystem. Led by the Secretary for Innovation, Technology and Industry, the bureau sets strategic direction while the Innovation and Technology Commission (ITC) handles implementation and funding administration.

What is the difference between the ITIB, ITC, and Cyberport?

These organizations serve distinct but complementary roles in Hong Kong’s I&T ecosystem. The ITIB is a policy bureau that formulates strategy and coordinates government-wide I&T initiatives. The Innovation and Technology Commission (ITC) is a government department under ITIB that implements policies and administers funding schemes like the Innovation and Technology Fund. Cyberport is a publicly-funded organization (but not a government department) that operates as a digital technology hub, providing incubation services, co-working spaces, and support programmes specifically for digital technology companies, particularly in fintech, e-commerce, and digital entertainment. Think of it as: ITIB sets policy → ITC implements and funds → Cyberport (along with Science Park) provides physical infrastructure and services.

How can my Hong Kong SME apply for the Technology Voucher Programme (TVP)?

Applying for TVP involves these key steps: (1) Check Eligibility: Your company must be a non-listed entity registered in Hong Kong for at least one year, (2) Identify Technology Needs: Determine what technology solutions will improve your business operations or productivity, (3) Get Quotations: Obtain at least three competitive quotes from service providers for projects over HK$100,000, (4) Submit Online Application: Complete the application through the TVP online portal with required documents including business registration, quotations, and project description, (5) Await Assessment: Applications are evaluated on technological content, value for money, and business benefit, (6) Implement Project: Upon approval, proceed with implementation following approved scope and budget, (7) Submit Claims: File reimbursement claims with proof of payment and deliverables. The programme offers up to HK$600,000 per company with a 4:1 funding ratio (75% government, 25% company). Visit the ITC website for detailed guidance, or attend an information session.

What is the Hong Kong-Shenzhen Innovation and Technology Park (HSITP)?

The Hong Kong-Shenzhen Innovation and Technology Park (HSITP) is an 87-hectare cross-border innovation hub located in the Lok Ma Chau Loop at Hong Kong’s northern border. It operates under the “One Zone, Two Parks” concept, connecting seamlessly with the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone across the border. The park focuses on life and health technology, artificial intelligence and data science, advanced materials, and robotics. It enables researchers and companies to leverage Hong Kong’s strengths in basic research, international partnerships, and legal framework alongside Shenzhen’s manufacturing capabilities and commercialization speed. Special border arrangements facilitate movement of people, materials, and equipment between the two sides. The HSITP represents a key component of Hong Kong’s Greater Bay Area integration strategy.

How does the ITIB support start-ups in Hong Kong?

The ITIB provides comprehensive start-up support through multiple pathways: (1) Incubation Services: Through Hong Kong Science Park and Cyberport, offering subsidized workspace, mentorship, and business development support, (2) Seed Funding: The Innovation and Technology Venture Fund (ITVF) provides co-investment alongside venture capital firms on a 1:2 ratio, reducing risk for private investors while ensuring professional management, (3) Technology Development: Various Innovation and Technology Fund schemes support R&D and proof-of-concept development, (4) University Spin-offs: The Technology Start-up Support Scheme for Universities (TSSSU) helps researchers commercialize their inventions, (5) Accelerator Programmes: Schemes like PITAS (Pilot Innovation and Technology Accelerator Scheme) help promising start-ups scale, (6) Market Access: Public sector trial schemes and trade missions help start-ups gain customers and expand regionally. The ecosystem approach ensures support at every stage from ideation through scaling.

What are the key focus technology sectors for the ITIB?

The ITIB prioritizes sectors where Hong Kong has competitive advantages or critical future needs: (1) Artificial Intelligence and Data Science, leveraging Hong Kong’s financial services, logistics, and healthcare sectors as application domains, (2) Biotechnology and Life Sciences, building on world-class universities and medical research capabilities, (3) Life and Health Technology, including medical devices, diagnostics, and precision medicine, (4) Advanced Manufacturing, emphasizing high-value, high-precision, and environmentally sustainable production, (5) New Energy Technologies, including electric vehicles, battery systems, and renewable energy, (6) Information and Communications Technology, particularly 5G, cybersecurity, and cloud computing as enabling technologies. These sectors align with both the Hong Kong Innovation and Technology Development Blueprint and Greater Bay Area development priorities, ensuring coordinated regional growth.

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Taking the Next Step: Engaging with Hong Kong’s Innovation Ecosystem

Whether you’re an entrepreneur with a breakthrough idea, an SME seeking to digitalize operations, a researcher ready to commercialize your invention, or an investor looking for opportunities, Hong Kong’s innovation ecosystem offers pathways to support your goals.

The Innovation and Technology Bureau has built a comprehensive support infrastructure spanning funding, facilities, talent development, and market access. Success comes from understanding which programmes best fit your needs and actively engaging the ecosystem.

For Immediate Action:

• Entrepreneurs and Start-ups: Visit InvestHK StartmeupHK or contact Hong Kong Science Park/Cyberport incubation teams
• SMEs: Explore the Technology Voucher Programme through the ITC website or attend an information session
• Researchers: Check with your university’s technology transfer office about TSSSU and industry collaboration opportunities
• Investors: Connect with InvestHK or the Hong Kong Venture Capital and Private Equity Association
• Job Seekers: Browse opportunities on the ITC job board and company websites at Science Park and Cyberport

Stay Informed:

Subscribe to ITIB newsletters, follow social media channels, and regularly check the official website for policy updates, funding deadlines, and ecosystem events.

Hong Kong’s transformation into a global innovation hub is well underway. With strategic infrastructure, comprehensive funding, and commitment to fostering talent, the city offers unprecedented opportunities for those ready to be part of shaping the future of technology and industry in Asia.

The question isn’t whether to engage with Hong Kong’s I&T ecosystem—it’s how quickly you can get started.

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Published by the Innovation and Technology Bureau
For the latest updates and detailed programme information, visit the official ITIB website

This comprehensive guide reflects Hong Kong’s innovation and technology landscape as of January 2025. Programmes, funding amounts, and specific initiatives may evolve. Always consult official sources for the most current information.