Vetting Committee supports one more application under New Industrialisation Acceleration Scheme
The Innovation and Technology Commission announced today (January 15) that the New Industrialisation Vetting Committee (the Vetting Committee) under the Innovation and Technology Fund has supported in principle an application submitted by Oriental Materials Hong Kong Limited under the New Industrialisation Acceleration Scheme (NIAS). The project plans to set up new production lines producing and validating semiconductor equipment which are under the advanced manufacturing technology sector. The estimated total investment amount is over $800 million, and the expected NIAS funding amount will be around $200 million.
The Secretary for Innovation, Technology and Industry, Professor Sun Dong, said, "We are glad that one more enterprise is planning to establish new advanced production facilities in Hong Kong through the NIAS. This project will not only bring cutting-edge manufacturing technologies to Hong Kong, but also further improve and upgrade the industrial chain, thereby enhancing Hong Kong's competitiveness. The Government will continue to support enterprises, driving new industrialisation and promoting high-quality economic development in Hong Kong."
The NIAS provides funding support on a 1 (Government): 2(enterprise) matching basis for enterprises engaging in industries of strategic importance (i.e. life and health technology, AI and data science, advanced manufacturing and new energy technologies) and contributing no less than $100 million to setting up new smart production facilities in Hong Kong. Each enterprise can receive up to $200 million of funding under the NIAS. In addition, the Government also provides additional funding for relevant enterprises to engage research talent and/or technical personnel.
The NIAS is open for applications throughout the year. Details are available on the website of the Innovation and Technology Fund (www.itf.gov.hk). For enquiries, please contact the Secretariat of the scheme (Tel: 3543 5904; email: enquiry@itf.gov.hk).
Photo source: itf.gov.hk
CS leads delegation of Working Group on Planning and Construction of the University Town to continue visit to Germany
The Chief Secretary for Administration, Mr Chan Kwok-ki, led the delegation of the Working Group on Planning and Construction of the University Town under the Committee on Development of the Northern Metropolis to continue its trip to Germany yesterday (May 19, Stuttgart time). The delegation conducted on-site visits to local higher education and innovation and technology infrastructure, with a view to providing solid references for the planning and development of the Northern Metropolis University Town (NMUT).
The delegation visited the University of Stuttgart. Founded in 1829, the University of Stuttgart is a leading research-oriented university of technology in Germany, and a member of the TU9, the alliance of leading universities of technology in the country. The university excels in engineering sciences, intelligent systems, energy research, quantum technologies, and architecture, maintaining close co-operation with industry.
The delegation toured the High-Performance Computing Center Stuttgart and the ARENA2036 research campus for automobiles on its campus, and met with university representatives. They gained an in-depth understanding of the university's experience in promoting deep integration and collaboration between academia and industry, accelerating the translation of research outcomes into practical applications, developing innovation campuses and industrial clusters, and facilitating interdisciplinary research and development as well as testing. They also exchanged views on strengthening exchanges in higher education and co-operation in talent cultivation between the two sides.
Mr Chan said that the NMUT is not only a cradle for nurturing talent, but also a core engine driving technological innovation and economic transformation. He noted that the University of Stuttgart excels in the deep integration of education, cutting-edge research, and industry development, and has successfully built an industry-led innovation model. He expressed hope that through the visit, the delegation could draw on the university's experience in aligning talent cultivation and academic achievements with market demands, thereby further strengthening Hong Kong's linkages between education, technological innovation and industrial application, facilitating knowledge transfers, and developing the NMUT into a vibrant education and innovation hub, injecting new impetus into Hong Kong's long-term development.
Mr Chan and other members of the delegation will proceed to Heilbronn, Germany, on May 20 (Stuttgart time) to continue their visit.
The Chief Secretary for Administration, Mr Chan Kwok-ki, led the delegation of the Working Group on Planning and Construction of the University Town under the Committee on Development of the Northern Metropolis to continue its trip to Germany yesterday (May 19, Stuttgart time). Photo shows Mr Chan (centre), and the delegation visiting the ARENA2036 research campus for automobiles on the campus of the University of Stuttgart, and meeting with university representatives. Source: HKSAR Government Press Releases
The Chief Secretary for Administration, Mr Chan Kwok-ki, led the delegation of the Working Group on Planning and Construction of the University Town under the Committee on Development of the Northern Metropolis to continue its trip to Germany yesterday (May 19, Stuttgart time). Photo shows Mr Chan (third left), and the delegation visiting the ARENA2036 research campus for automobiles on the campus of the University of Stuttgart, and meeting with university representatives. Source: HKSAR Government Press Releases
The Chief Secretary for Administration, Mr Chan Kwok-ki, led the delegation of the Working Group on Planning and Construction of the University Town under the Committee on Development of the Northern Metropolis to continue its trip to Germany yesterday (May 19, Stuttgart time). Photo shows Mr Chan (third right), and the delegation visiting the ARENA2036 research campus for automobiles on the campus of the University of Stuttgart, and meeting with university representatives. Source: HKSAR Government Press Releases
The Chief Secretary for Administration, Mr Chan Kwok-ki, led the delegation of the Working Group on Planning and Construction of the University Town under the Committee on Development of the Northern Metropolis to continue its trip to Germany yesterday (May 19, Stuttgart time). Photo shows Mr Chan (first left), and the delegation visiting the ARENA2036 research campus for automobiles on the campus of the University of Stuttgart, and meeting with university representatives. Source: HKSAR Government Press Releases
The Chief Secretary for Administration, Mr Chan Kwok-ki, led the delegation of the Working Group on Planning and Construction of the University Town under the Committee on Development of the Northern Metropolis to continue its trip to Germany yesterday (May 19, Stuttgart time). Photo shows Mr Chan (first left), and the delegation touring the High-Performance Computing Center Stuttgart on the campus of the University of Stuttgart. Source: HKSAR Government Press Releases
The Chief Secretary for Administration, Mr Chan Kwok-ki, led the delegation of the Working Group on Planning and Construction of the University Town under the Committee on Development of the Northern Metropolis to continue its trip to Germany yesterday (May 19, Stuttgart time). Photo shows Mr Chan (second right), and the delegation touring the High-Performance Computing Center Stuttgart on the campus of the University of Stuttgart. Source: HKSAR Government Press Releases
The Chief Secretary for Administration, Mr Chan Kwok-ki, led the delegation of the Working Group on Planning and Construction of the University Town under the Committee on Development of the Northern Metropolis to continue its trip to Germany yesterday (May 19, Stuttgart time). Photo shows Mr Chan (second left), and the delegation touring the High-Performance Computing Center Stuttgart on the campus of the University of Stuttgart. Source: HKSAR Government Press Releases
The Chief Secretary for Administration, Mr Chan Kwok-ki, led the delegation of the Working Group on Planning and Construction of the University Town under the Committee on Development of the Northern Metropolis to continue its visit to Germany yesterday (May 19, Stuttgart time). Photo shows Mr Chan (second right), and the delegation visiting the High-Performance Computing Center Stuttgart on the campus of the University of Stuttgart, and meeting with university representatives. Source: HKSAR Government Press Releases
