Page 242 - Are You Future Ready?

Commercialisation of research results

Hong Kong lacks the desirable ecosystem of government,
industry, academia and research institutions. Seldom can
we see successful cases of commercialising scientific
research and launching the product in the market, not to

mention researchers harvesting financial rewards for their
efforts. The government, as a major user, can take the lead
to assist commercialisation. However, the implementation
of the new measures takes a long time. For example, it

240 has taken the pilot programme, Smart Lamppost, three
years from proposal to project completion. The first 50
lampposts were only installed by mid 2019. To be honest,
the completion of a pilot project by the government in

two to three years’ time is not too slow. With the rapid
development of technology, however, the trial technology
may be outdated in a few years.

Another key project for a smart city - the establishment
of common spatial data infrastructure (CSDI), will not be
ready until 2023. It is only by then that people will be able
to enjoy the government's one-stop open information and