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2018 budget is a smart start for Hong Kong’s innovation, says TIN President

出自香港新聞網 - 樹仁新傳系學生實習習作

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By Isabel Ng, 13 Nov 18

The investment in innovation and technology in the 2018 budget is a positive step to portrait Hong Kong as a smart city, said TIN President.

“By funding space for hi-tech businesses and the recruitment and training of talent, Hong Kong can make herself a path to a smart city,” said Kenneth Chau at the assembly at Hong Kong Shue Yan University today.

“To define a smart city, it is important to realise that technology alone cannot make a city smart and the government with a central role cannot do all the heavy lifting,” said Chau.

In a recent survey, titled “Connecting Hong Kong – Perspectives on our future as a smart city” Hong Kong was identified as having several key strengths: a high-quality transport system, a well-regarded health care system, and its existing role as Asia’s leading financial services centre.

It is necessary to build a culture that encourages entrepreneurship and new ways of thinking to create the conditions for the government, established companies, and start-ups to invest and take sensible risks with new ideas, said Chau.

Chau is the Founder of iMusicTech Limited and Chairman of Technology Incubation Network. This summer, he had launched a new mentoring initiative named “Start-up CEO Mentorship Programme” to provide new entrepreneurs with guidance and advice on business operation, and therefore facilitate their transition from an innovator to a businessperson.

“The way to build a fundamental ground for innovation development is to nurture Hong Kong’s greatest asset, the people,” said Chau.

To foster a culture of innovation, we should ensure that future generations are equipped with creative thinking and technical skills, said Chau.

There is also potential in other initiatives around the Science Park and Cyberport, particularly around nurturing the start-up community, said Chau.

“To be a smart city, commercialising the innovation and research work requires both business and government to play a greater role,” said Chau.

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