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Stage two study on Hong Kong science park completed
A consultancy study commissioned by Industry Department suggests Hong Kong will gain substantial and wide ranging benefits from the development of a science park.
The 100-page final report by Segal Quince Wicksteed (Asia) Ltd reaffirms the case for a science park in Hong Kong which it identified in the stage one study undertaken in 1992.
The consultants make detailed proposals for a science park in Hong Kong, including its role, market orientation, location and physical characteristics, organisation and management, linkages with other related organisations and the likely costs and benefits.
A key conclusion of the study is that by facilitating investment in high- technology industries and technology transfer a science park can play a crucial catalytic role in contributing to Hong Kong's prosperity.
Specifically, the science park will complement existing technology support in Hong Kong by encouraging inward investment in hi-tech sectors in Hong Kong, provide appropriate premises and technology services to promote the technology upgrading of the territory's existing knowledge-based industries, stimulate the development of value-added technology transfer services between Hong Kong, China and the rest of the world and improve links between the universities in Hong Kong and the industrial and business communities.
The consultants recommend a three-phrase development programme extending over 15 years.
The Government is studying the findings and recommendations of the consultants and before it decides on the proposal, it would like to seek the views of the community, in particular the industry and higher education sectors.
"We will consider carefully the consultancy report and take into account the views expressed during the consultation before deciding on the best way forward", said a spokesman for the Industry Department, which has been overseeing the conduct of the consultancy study.
The consultation will last until the end of December 1995 and views and suggestions can be sent to the Industry Department.
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