Hong Kong Quality Assurance Agency Symposium May 2018 Build a Sustainable City with Innovation, Artificial Intelligence and Technology

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1 Hong Kong Quality Assurance Agency Symposium May 2018 Build a Sustainable City with Innovation, Artificial Intelligence and Technology Dr David Chung Under Secretary for Innovation & Technology Bureau 1

2 Hong Kong Economic Transformation Manufacturing Hub Now Service Economy Mid-80s De-Industrialization Future Re-Industrialization 2

3 2017 Policy Address I&T Stimulate private sector R&D Technology talent development & attract top overseas R&D institutions Provide investment funding Provide technological Infrastructure Review existing legislation and regulations Open up government data Government s procurement arrangements 3

4 Our Advantages Talents Top universities & researchers Five universities among the world s top 100 Strong & reliable global professional services in legal, finance, accounting, corporate management and engineering fields 4

5 Our Advantages: Start-up ecosystem Thriving Technology Ecosystem Among the world's top five fastest growing start-up ecosystems Some 2,000 start-ups; increased by 80% in the past 3 years Venture capital on the rise: from US$80 million in 2012 to US$770 million in the first 9 months of unicorns in 2017 from HK Science & Technology Parks Corporation and Cyberport Incubation programmes for start-ups Investment funding for start-ups Marketing support Investor matching 5

6 Innovation & Technology Funded Projects Sustainability Green Tech Artificial Intelligence Robotics Healthcare Total projects 217 Total funding amount - $469,261,867 6

7 Future Directions Talent Building $500 million Technology Talent Scheme Postdoctoral Hub Retraining of workforce on advanced manufacturing technologies Technology Internship Programme for graduates Technology Talent Admission Scheme 7

8 Future Directions Encourage Venture Investment $2 billion Venture Fund to co-invest with venture capitalists Private Sector Initiatives (E.g. Alibaba HK Entrepreneurs Fund; Hong Kong X Platform; Jumpstarter & other start-up contests) 8

9 Future Directions Technology Infrastructure Lok Ma Chau Loop HK-Shenzhen Innovation & Technology Park Science Park expansion InnoCell: Accommodation for scientists in Science Park Advance Manufacturing Centre for Industry 4.0 manufacturing Data Technology Hub to support data centre cluster Open Up Government Data To open up more data Hospital Authority s Big Data Analytic Platform 9

10 Future Directions Popular Science Education Early start in Computational Thinking Teacher Training Dedicated STEM Education Resource Centre To upgrade Science Museum Review Legislation & Regulations Listing rules to embrace new economy & new business models New office to coordinate review Change Government Procurement Rules To encourage adoption of new technologies in public services To provide testing ground for new technologies 10

11 Future Directions Increase Resources for R&D: Increase research funding for Universities R&D institutes private enterprises Target: Double the Gross Domestic Expenditure on R&D from 0.73% to 1.5% of GDP by

12 Creation of Global R&D Clusters Budget $10 billion earmarked to support the establishment of research cluster on : PriBubu Investment via healthcare technologies, and Super Tax deduction for R&D artificial intelligence and robotics technologies, Financial support for non-profit-making scientific research institutions in these two clusters. 12

13 Creation of Global R&D Clusters Benefits Win-win for all participating parties Leverage on each other s strengths Jointly develop new products/treatment/devices Access to China + Belt & Road markets Talent development for Hong Kong & parent institutions 13

14 Creation of Global R&D Clusters Health Tech Research Cluster Artificial Intelligence & Robotics Research Cluster 14

15 Health Cluster Strength - Research Excellence Strong local research capability in universities with global recognition Emphasis on research ethics & integrity 15

16 Health Cluster Long history of collaboration with global partners KI-LMW Centre; KI/HKU joint research MIT Innovation Node; MIT-HKUST Research Consortium Chicago Booth School HK Sydney/CUHK Cooperative Lab for Integrative Medicine Berkeley/HKU Joint Degree in Biomedicine/Public Health Harvard/CUHK Public Health Collaboration 16

17 Health Cluster Well-positioned for Clinical Trials Unique advantages for health problems with regional or ethnic specificities (e.g. Liver Cancer in Asia; Nasopharyngeal Cancer in Southern China) HK + Mainland = large patient population for clinical trials Data of clinical trial centres recognized by global regulatory authorities 17

18 Health Cluster Commercialization Support 3 Industrial Estates provide land for custombuilt production plants Joint-user GMP Block under planning Advanced manufacturing technology support from HK Productivity Council Rapid prototyping within a day (by HK Productivity Council or suppliers in Shenzhen) Strong manufacturing base in Guangdong-HK-Macao Bay Area 18

19 Artificial Intelligence & Robotics Cluster Research Excellence Strong local research capability in universities, with 5 universities ranking amongst top 100 globally in AI & robotics subjects Universities in HK ranked 3rd globally in terms of citation impact of AI researches by Scorpus, a database of peer-reviewed literature 19

20 Artificial Intelligence & Robotics Cluster Collaboration with global partners SJTU/CUHK joint research - medical robotics Waterloo/HKUST Dual Engineering PhD Cambridge/HKU Joint Programme for Engineering & Computer Sciences Fraunhofer/HKPC Diploma in Industry 4.0 INL/ASTRI Joint Innovation Laboratory Northwestern/HKU academic exchange 20

21 Artificial Intelligence & Robotics Cluster Commercialization Support 3 Industrial Estates provide land / premises for production operation Advanced manufacturing technology support from HK Productivity Council Rapid prototyping within a day (by HK Productivity Council or suppliers in Shenzhen) Strong manufacturing base in Guangdong-HK-Macao Bay Area 21

22 Successful case: E-Lock 22

23 Successful case: E-Lock Logistics & Supply Chain Management Enabling Technologies (LSCM) collaborated with the Customs and Excise Department in developing the E-Lock enabling technology to simplify and shorten the clearance process for air-land and sea-land transshipments. 23

24 Successful case: E-Lock In collaboration with the Mainland Customs, the system was further extended to facilitate customs clearance across the land boundary since March The system won a silver medal at the 45th International Exhibition of Inventions of Geneva in

25 Successful case: NASK Nano and Advanced Materials Institute Limited (NAMI), in collaboration with private sector, commercialised Nanofiber Smart Mask (NASK), which has integrated desirable features of airborne infection protection, bacteria-killing and antiviral effects, strike a balance between protection and breathability at the frontier of nanotechnology. 25

26 Successful case: NASK Won the Silver Medal in the 44 th International Exhibition of Inventions of Geneva. Technology Start-up Award in the Hong Kong Federation of Innovative Technologies and Manufacturing Indutries Achievement Award

27 Thank You 27