During the last few years, the free-trade Hong Kong has established IT incubators, IT R&D parks and a cyber port. The Hong Kong Cyberport and the Hong Kong Science and Technology Parks will participate in the growth of the Hong Kong economy together with the city’s sprawling container ports, world-class convention centers and well-connected international airport.

Cyberport (38)

    The Hong Kong Cyberport at Telegraph Bay will create a strategic cluster of leading IT companies and a critical mass of professional talents in Hong Kong. The cyber city is scheduled for completion in phases between early 2002 and 2004. Six major corporations, including IBM and Oracle, have signed on as tenants.

    The Cyberport is a comprehensive development that will provide intelligent offices and other high-tech facilities for IT companies. The project receives the support of a $100 million venture fund and five local universities. The information infrastructure will connect different areas of the Cyberport campus and will link the campus with the rest of the world. A strategic cluster of over 100 IT and IT-related companies of varying sizes and at different stages of development will be built up at the Cyberport, starting from early 2002. These companies will specialize in the application of advanced IT to the development of services and multimedia content to support businesses and industries ranging from finance, through trading, advertising and entertainment, to communications. This project should help Hong Kong to overcome its comparative weakness in the software development sector in comparison with other IT sectors in the city. Consequently, Hong Kong will have a more robust IT industry.

Science and Technology Park (39)

    Following the model of Stanford Research Park in Palo Alto, California, the Hong Kong Science and Technology Parks Corporation is established with a world-class infrastructure and support services to provide the vertical facilities for product R&D, incubation and production activities all under one organization. The park has five strategic locations in Hong Kong. In addition to Yuen Long Industrial Estate in Yuen Long, New Territories and Tseung Kwan O Industrial Estate in Tseung Kwan O, Kowloon, the other three locations are:

Science Park (Pak Shek Kok, Tai Po, New Territories)
    The Science Park is located at Pak Shek Kok with facing the Tolo Harbour. It provides easy access to railway, highway, Mainland China and the Hong Kong Chek Lap Kok International Airport. Universities and industrial facilities are within easy reach. The park provides essential interactive support facilities such as business centre, conference facilities, exhibition spaces, restaurants, and retail outlets, etc.

Tech Centre (72 Tat Chee Avenue, Kowloon Tong)
The Tech Centre is immediately located next to the Hong Kong Productivity Council and the City University of Hong Kong. The building provides extensive exhibition, conference and catering facilities for tenants the general public.

Tai Po Industrial Estate (Tai Po, New Territories)
Tai Po Industrial Estate is readily accessible from the Hong Kong city center by the Kowloon-Canton Railway or the Tolo Highway and is within easy reach of the Container Terminal at Kwai Chung.

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