Best Practices in Technology Transfer and Commercialization

Description

Hong Kong is transforming into a knowledge-based society. The HKSAR Government has adopted a new industrial policy by giving strong support to applied research. Local industrialists also realize that if they do not acquire and generate new technologies, they will lose out to their competitors in the region. At the same time, local academic institutions recognize the need to expand their roles in order to contribute to this transformation. Increasingly, universities begin to put more emphasis on applied research and technology transfer. However, technology transfer from universities to industry is a relatively new concept to most of the people in Hong Kong. To drive forward technology transfer and commercialization for the benefit of society, CityU is committed to learning from the experiences and emulating the success of overseas institutions. This project aims to study the current practices of technology transfer and commercialization in overseas universities, analyze their pros and cons to explore the possibility of adopting these practices in Hong Kong, and ultimately devise a set of recommendations on how technology transfer can be carried out effectively in Hong Kong.