Invest Hong Kong Key Industries Innovation & Technology
Innovation & Technology
Innovation & Technology
In this financial powerhouse as well as a tech and innovation hub built for businesses like yours, we pave the way for startups and global firms to expand with our cutting-edge infrastructure, strong IP protection, and seamless data flows. Whether you are in AI, cloud computing, or smart cities, Hong Kong connects you to talent, funding, and growth opportunities.
In this financial powerhouse as well as a tech and innovation hub built for businesses like yours, we pave the way for startups and global firms to expand with our cutting-edge infrastructure, strong IP protection, and seamless data flows. Whether you are in AI, cloud computing, or smart cities, Hong Kong connects you to talent, funding, and growth opportunities.
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Key advantages and recent industry developments:
Data Centres
- Many high-end regional data centres are supported by top-tier infrastructure, reliable power supply, tech professionals, and strict data privacy laws
Big Data and Analytics
- Simplified cross-border data transfers between Hong Kong and the GBA and the opening up of government data for public use drive innovation in finance, healthcare, supply chain management and other sectors
Cloud Technology
- High demand from finance, manufacturing, and government e-services. We act as the gateway for cloud expansion into Chinese Mainland and global markets
Software and Services
- Strong demand from SMEs and multinationals base their regional operations here that mirrors their clients’ preferences. Our rigorous protection of IP provides companies with the perfect testbed for Chinese Mainland
Telecommunications
- 5G coverage (99%+ population) and 359.6% mobile penetration with private sector initiatives and high-speed broadband (median download speed is 313.9 Mbps) driving innovative city and enterprise applications. No restrictions for foreign ownership or limits to the number of market operators. Hong Kong is connected to 12 submarine cable systems for external communication
AI and Robotics
- Academic excellence, talent pool and the know-how arising from the government-backed AIR@InnoHK research hub facilitates tech companies to innovate in AI and robotics and access to the GBA
Smart City and IoT Technology
- The government’s Smart City Blueprint 2.0 fuels Internet of Things (IoT), automation, and urban technology
Electronics
- We are a key force in driving R&D of microelectronics by leveraging top-notch academic research, advanced infrastructure such as Microelectronics Centre and strategically located in the GBA
Carbon Neutrality
- Strong commitment to achieve carbon neutrality by 2050 offers opportunities for companies to engage in de-carbonisation initiatives, covering energy savings, green transportation, waste management, and air and water quality
Fast Facts
#1 in talent readiness
for science & tech in 2024 (International Institute for Management Development)
HK$33 billion
spent on R&D in 2023
HK$200 billion
I&T investment made by the government in recent years
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