Since 1955, The Hong Kong Exporters' Association (HKEA) has been devoted to supporting Hong Kong exporters in exploring new business opportunities and enhancing competitive advantages, and "Hong Kong Innovation & Invention" (Project) is our new effort. "Made in Hong Kong" is a globally renowned brand that guarantees quality. Besides manufacturing "tangible" products, we also acquire an "intangible" advantage – the spirit of innovation.
Innovation is the essence of the Hong Kong entrepreneurship. Innovation and technology (I&T), an emerging industrial revolution coming ahead, can spawn new industrial fields and facilitate the advancement and transformation of our traditional industries, enhancing the overall competitiveness of our business sector. Our I&T ecosystem is growing vibrantly – the Gross Domestic Expenditures on R&D reached HK$26.5 billion in 2020 and the amount of investment in venture capital funds reached HK$41.7 billion in 2021. Moreover, the National 14th Five-Year promulgated in 2021 expresses support for the Guangdong-Hong Kong-Macao Greater Bay Area to develop into an international I&T centre, creating new opportunities for the I&T development in Hong Kong. HKSAR Government also promulgated the Hong Kong Innovation and Technology Development Blueprint in 2022 December, establishing a clear development path and systematic strategic planning for Hong Kong's I&T development over the next 5 to 10 years, leading Hong Kong to become an international I&T hub in near future.
With our acquired strengths on various fronts in I&T aspects and the enormous opportunities arising from the development of the GBA, Hong Kong is at the dawn of a golden era for I&T development. Through an array of activities in this Project, we hope to bring more business opportunities for the Hong Kong exporter community, bringing our local industry a bright prospect with sustainable development.