That initiative was eventually manifested in the Hong Kong Science Park in Sha Tin to help foster a vibrant innovation and technology ecosystem in a city otherwise known as a major international shipping, trading and financial centre.
The following year saw the government promoting Tung’s vision with the Digital 21 Strategy, which provided a blueprint for developing information and communications technologies.
In 1999, it gave the go-ahead to develop Cyberport, aiming to create a cluster of hi-tech local and foreign companies that would nurture new economic activities.
“For Hong Kong, science and technology development has gone through different phases in the past 20 years,” said Albert Wong Hak-keung, the chief executive at Hong Kong Science and Technology Parks Corp. “We’ve transformed from focusing on building infrastructure to providing services and grooming next-generation innovation and technology companies.”
The corporation oversees the science park, the InnoCentre design hub in Kowloon Tong and the city’s three industrial estates in Tai Po, Tseung Kwan O and Yuen Long.
Now we get about 1,000 applications, of which 170 to 180 get accepted.”