Cooperative Technology Development in Hong Kong

Abstract

Small Hong Kong companies are able to adapt quickly to changing conditions and once a new technology has been introduced into Hong Kong, it can spread quickly. However, small companies often have difficulty in identifying, acquiring, and integrating emerging technologies into their businesses because of the rapid proliferation of technology, its high cost, and complexity. Because of this, Hong Kong companies are increasingly forming partnerships among themselves, with Tertiary Education Institutions, and with foreign firms. Forming and maintaining such partnerships, however, requires the partners to overcome several obstacles; and a technology broker can play an important role in doing this. The Hong Kong Industrial Technology Centre is a new institution which combines incubator, technology transfer and product development and support activities.