HONG KONG – Hong Kong’s emerging med-tech sector is getting a boost from a government-funded program aimed at sharing technology with other jurisdictions, a program driven in part by the need to contain the COVID-19 pandemic and continue opening regional economies.
Hong Kong has a population of about 7.5 million, but with eight publicly funded universities and almost 20 degree-granting institutions as well as an increasingly active startup environment, it is emerging as a medical technology hub.
The program was jointly launched by the Hong Kong Trade Development Council (HKTDC), the Commerce and Economic Development Bureau (CEDB) and the Innovation and Technology Bureau (ITB). The effort to share technology started in June with Thailand and the plan is to expand it to Indonesia and Malaysia and other countries in the future.