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Innovation, Technology and Industry Bureau
Innovation, Technology and Industry Bureau (ITIB) is a policy bureau of the Government of Hong Kong. It is responsible for policy matters on the development of innovation and technology and information technology which are the key drivers in this endeavour. The Bureau is led by the Secretary for Innovation, Technology and Industry, currently Dong Sun.
The Bureau includes an Innovation, Technology and Industry Branch and oversees the operation of the Innovation and Technology Commission, the Office of the Government Chief Information Officer and the Efficiency Office.
In the "Chief Executive’s 1998 Policy Address", Tung Chee-wah set up a HK$5 billion Innovation and Technology Fund to provide financial support for projects which will contribute to the improved use of innovation and technology in our industrial and commercial sectors. In 2000, the government established the Innovation and Technology Commission and the Applied Science and Technology Research Institute was also established to strengthen government support for innovation and technological development.
In order to promote application of innovation and technology in society and improve people’s daily living, the Government proposed to set up a $500 million Innovation and Technology Fund for Better Living. The ITB will consider setting different themes, such as health, transportation, education, safety and environmental protection, so as to facilitate the participation of different sectors.
The eligible applicants include non-government organisations, non-profit making organisations, professional bodies, chambers of commerce and public organisations. The projects must focus on improving people’s daily living and should not be used for profit making or any purpose other than proposals.[citation needed]
The organisations have to sign an agreement with the government and the phased grant will be given according to the progress and achievements of the project as stated in the agreement.[citation needed] A Secretariat is set up to support the daily operation of the fund. An Assessment Committee is established to assess and approve the application from the business community, academia, relevant bureaux or departments, etc.
There is a monitoring and supervision system which monitors the approved projects according to the project phases stated in the agreement. The subvented organisations must maintain a separate and proper set of accounts and records for the projects and submit the progress and financial reports on a regular basis for the Secretariat's review.
The Hong Kong-Shenzhen Innovation and Technology Park is owned by the Hong Kong Science and Technology Park ("HKSTP") in which initiation, operation and management is run by the HKSTP while inter-governmental arrangements were made by the "Joint Task Force on the Development of the Hong Kong-Shenzhen Innovation and Technology Park" ("Joint Task Force").
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Innovation, Technology and Industry Bureau
Innovation, Technology and Industry Bureau (ITIB) is a policy bureau of the Government of Hong Kong. It is responsible for policy matters on the development of innovation and technology and information technology which are the key drivers in this endeavour. The Bureau is led by the Secretary for Innovation, Technology and Industry, currently Dong Sun.
The Bureau includes an Innovation, Technology and Industry Branch and oversees the operation of the Innovation and Technology Commission, the Office of the Government Chief Information Officer and the Efficiency Office.
In the "Chief Executive’s 1998 Policy Address", Tung Chee-wah set up a HK$5 billion Innovation and Technology Fund to provide financial support for projects which will contribute to the improved use of innovation and technology in our industrial and commercial sectors. In 2000, the government established the Innovation and Technology Commission and the Applied Science and Technology Research Institute was also established to strengthen government support for innovation and technological development.
In order to promote application of innovation and technology in society and improve people’s daily living, the Government proposed to set up a $500 million Innovation and Technology Fund for Better Living. The ITB will consider setting different themes, such as health, transportation, education, safety and environmental protection, so as to facilitate the participation of different sectors.
The eligible applicants include non-government organisations, non-profit making organisations, professional bodies, chambers of commerce and public organisations. The projects must focus on improving people’s daily living and should not be used for profit making or any purpose other than proposals.[citation needed]
The organisations have to sign an agreement with the government and the phased grant will be given according to the progress and achievements of the project as stated in the agreement.[citation needed] A Secretariat is set up to support the daily operation of the fund. An Assessment Committee is established to assess and approve the application from the business community, academia, relevant bureaux or departments, etc.
There is a monitoring and supervision system which monitors the approved projects according to the project phases stated in the agreement. The subvented organisations must maintain a separate and proper set of accounts and records for the projects and submit the progress and financial reports on a regular basis for the Secretariat's review.
The Hong Kong-Shenzhen Innovation and Technology Park is owned by the Hong Kong Science and Technology Park ("HKSTP") in which initiation, operation and management is run by the HKSTP while inter-governmental arrangements were made by the "Joint Task Force on the Development of the Hong Kong-Shenzhen Innovation and Technology Park" ("Joint Task Force").
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