Chan wants unis to kick on in making research pay off

Henry Siu

The development of innovative technology requires cutting-edge resources and expertise, akin to the roles of strikers and wingers in football, according to Financial Secretary Paul Chan Mo-po.

Chan was speaking at the opening of an exhibition that the Chinese University is staging to celebrate the 10th anniversary of its Entrepreneur Day.

He said enrolments in STEM programs recently surged and expressed hope that universities will cultivate more young individuals equipped with research skills and innovative mindsets.

"Nurturing talent is crucial for the growth of the innovation and technology industry. These individuals will drive Hong Kong's progress in this sector," Chan said.

"Just as a striker relies on wingers to score, individuals with technological, entrepreneurial and marketing skills need professionals to help them engage effectively with various sectors and the public. Teamwork is essential for success."

Chan also said that the SAR administration has already approved more than 20 projects under the HK$10 billion "Research, Academic and Industry Sectors One-plus Scheme" launched last year, as part of its initial batch.

The scheme aims to enhance the potential of universities in transforming and commercializing research outcomes while fostering collaboration among government, industry, academia and research sectors.

"The government is dedicated to promoting closer collaboration across these sectors and building a vibrant industrial ecosystem," Chan said.

The exhibition, themed "CUHK Innovations - Brightening the Future," ends on Wednesday at New Town Plaza in Sha Tin.

It showcases the latest research and entrepreneurial achievements from the university, featuring projects from 23 innovative teams in areas such as medical technology, artificial intelligence, biotechnology and robotics.

John Chai Yat-chui, chairman of university council, said this large-scale exhibition not only marks a decade of the CUHK Entrepreneur Day but also serves as a platform for the public to learn about the university's startup ecosystem.

President Rocky Tuan Sung-chi said: "The Hong Kong government's commitment to nurturing a robust innovation and entrepreneurship ecosystem is commendable."