ENG-2006 — Page 148

Hong Kong Year Books 香港年報 All

116 Commerce and Industry

focuses on four areas, namely, communications technologies, consumer electronics, integrated circuit design and opto-electronics.

Hong Kong Jockey Club Institute of Chinese Medicine Limited

The Hong Kong Jockey Club Institute of Chinese Medicine Limited was incorporated in May 2001 as a subsidiary company of ASTRI. The Hong Kong Jockey Club Charities Trust has pledged to donate $500 million to support the institute's research and development programmes.

Hong Kong Design Centre

The Hong Kong Design Centre was established in May 2001 as a multi- disciplinary organisation dedicated to the promotion of design as a value-added activity in business. Apart from running programmes at the InnoCentre, it also organised major activities like the Business of Design Week.

New Strategic Framework for Innovation and Technology Development

After a comprehensive review and public consultation in 2004, the Government decided to adopt a highly focused approach to promote applied R&D and support technology upgrading in industry. Under the new strategic framework, the Government set up five R&D centres in April 2006 covering the following technology focus areas:

automotive parts and accessory systems;

information and communications technologies;

logistics and supply chain management enabling technologies; nanotechnology and advanced materials; and

textiles and clothing.

The centres aim to develop core competencies in their respective technology areas and become the focal points of applied R&D and technology transfer. In line with the market-driven, demand-led approach of the new strategy, the centres have been working closely with the industry in drawing up their R&D directions, defining their technology development roadmaps, and facilitating the commercialisation of R&D results.

Technology Cooperation with the Mainland

The Mainland and Hong Kong Science and Technology Cooperation Committee was formed in 2004 to formulate and coordinate technology cooperation and exchange programmes between Hong Kong and the Mainland. The Committee has formed working groups to enhance cooperation in four technology areas: automotive parts and accessory systems, Chinese medicine, integrated circuit design and radio frequency identification technologies.

The ITC and the Guangdong Provincial Department of Science and Technology have been running the Guangdong-Hong Kong Technology Cooperation Funding Scheme since 2004 to support applied R&D projects in technology areas of common interest. In 2006, the two sides supported a total of 224 projects with a total funding of some $500 million. The ITC has also been participating actively in the Joint Conference on Pan-Pearl River Delta (PRD) Regional Cooperation in Science and

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