Hong Kong Government Unveils AI and Innovation Initiatives in 2026-27 Budget
Hong Kong's financial secretary announced plans to enhance AI adoption across industries, establish an AI committee, and promote a new manufacturing innovation center. The AI Subsidy Scheme has approved 30 R&D applications, while a HKD10 billion fund will target emerging sectors. A national manufacturing center focused on semiconductor R&D will also be established, attracting global talent. The initiatives align with the 15th Five-Year Plan to boost local and industry-driven innovation.
Theia Market Signal Identification - AI AssistedHong Kong aims to promote widespread adoption of artificial intelligence (AI) through a new Committee on AI+ and Industry Development Strategy. The committee will focus on life and health technology and embodied AI.
The InnoHK Research Cluster has funded 16 AI labs, and the HKD3 billion AI Subsidy Scheme has approved 30 applications in various fields. A HKD10 billion fund will support innovation in emerging sectors.
Additionally, a national manufacturing innovation center will be established, focusing on semiconductor R&D, to attract global talent. These initiatives align with the 15th Five-Year Plan for economic and industrial modernization.
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