Overview
Companies in Hong Kong’s technology sector specialise in commercialisation, application and industrial engineering. A number of clusters, comprising local and foreign technology enterprises, are active in undertaking R&D and innovation activities across the territory.
According to the latest available figures, the R&D and innovation expenditure of the business sector in Hong Kong amounted to US$954 million and US$2.18 billion respectively in 2014. A substantial portion of these R&D and innovation activities were undertaken in co-operation with external parties.