![]() ![]() Meanwhile, Stage 1 of the Science Park Expansion Programme is also underway. The construction of some facilities has commenced and they will gradually come into operation. In last year's Budget, I allocated $3 billion to the Hong Kong Science and Technology Parks Corporation (HKSTPC) for constructing R&D infrastructure and facilities such as laboratories. We need quality infrastructure to attract I&T talent, and facilitate the operation of I&T enterprises. All these efforts have brought significant enhancements to the local I&T ecosystem.Ħ7. "One cannot make bricks without straw". We have stepped up support for the scientific research and I&T sectors by developing I&T infrastructure, promoting research and development (R&D), pooling talent, supporting enterprises and promoting re-industrialisation. I have allocated sufficient resources, with a commitment of over $100 billion so far.Ħ6. To develop I&T, we need a robust ecosystem and the Government aims to establish through various I&T policy initiatives. The intellectual property so generated can be commercialised to drive ancillary economic activities, thus creating quality employment opportunities and enabling people to live comfortably by adopting new technology.Ħ5. The current-term Government spares no effort in promoting I&T development, focusing on four areas, namely biotechnology, artificial intelligence, smart city and Fintech. ![]() 64. The development of I&T will bring huge economic benefits to Hong Kong. ![]()
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