2021 Policy Address – Building a Bright Future Together

There are a number of measures to support Hong Kong to strive ahead with renewed perseverance and plan for the future in the Policy Address 2021. We have summarised measures related to Youth Development and Innovation and Technology for your reference:

Youth Development

• Invite the Youth Development Commission to explore the introduction of a new funding scheme to subsidise eligible NGOs to organise projects that are conducive to nurturing young people’s positive thinking
• Establish more effective channels to gauge the views of young people of different backgrounds in order to better meet their needs in areas such as education, career pursuits, housing, upward mobility and development of their potential
• Introduce measures, including the Funding Scheme for Youth Entrepreneurship in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the GBA Youth Employment Scheme, to support the development of Hong Kong young people in the Mainland, as well as support for enhancing various Mainland internship and exchange programmes
• Regularise the Member Self‑recommendation Scheme for Youth, under which young people aged between 18 and 35 are recruited on a regular basis to participate in government advisory committee

For details on the measures related to Youth Development, please refer to the Facebook page of the Home Affairs Bureau.

Innovation and Technology

• Develop the San Tin Technopole
• Strengthen the development of the Eastern Knowledge and Technology Corridor
• Build landmark Innovation and Technology (I&T) facilities in Lau Fau Shan
• Reserve land for The University of Hong Kong and The Chinese University of Hong Kong for research use
• Start planning for the construction of the second Advanced Manufacturing Centre
• Set up an InnoLife Healthtech Hub in the Hong Kong‑Shenzhen Innovation and Technology Park in the Lok Ma Chau Loop
• Set up a dedicated fund to encourage local researchers to participate in national research and development projects
• Explore collaboration between the Hospital Authority (HA) and Hong Kong Science and Technology Parks Corporation on the use of the HA’s clinical data for research and development
• Continue to implement the Global STEM Professorship Scheme and other talent-nurturing schemes
• Establish incubator networks in the GBA campuses of Hong Kong universities
• Set up the GBA InnoAcademy
• Set up the GBA InnoExpress to to nurture start ups and support I&T enterprises to go global and attract foreign investment
• Explore the extension of the Immigration Arrangement for Non-local Graduates to cover graduates of Hong Kong universities’ GBA campuses so as to facilitate the flow of talents within the GBA
• Expand the Innovation and Technology Bureau into the Innovation, Technology and Industry Bureau to support the development of re-industrialisation

For details on the measures related to the I&T development so as to integrate into the national and GBA development, please refer to the Facebook page of the Innovation and Technology Bureau.

After the delivery of Policy Address, the Innovation and Technology Bureau continued to engage stakeholders on the I&T initiatives, which some startups agreed that the measures would bring benefits to the I&T development in Hong Kong. Let’s take a look at the sharing video below to know more!

(The video is in Chinese only)

The Policy Address Supplement used more infographics to make the document more readable and listed out those ongoing and new initiatives. You may wish to refer to the following chapters of the Supplement -
Chapter V - Unlimited Business Opportunities
Chapter VII - Nurturing Talent
Chapter VIII - Caring Society