Government Urged to Take a Holistic Approach to Ensure Success of San Tin Technopole
EXPERTS WARN HONG KONG MUST DO MORE TO MAKE PROPOSED SAN TIN TECHNOPOLE SUCCEED.
Hong Kong's plan to create a new technology hub at San Tin faces challenges, with experts warning that the government must do more than just provide land grants to ensure the project's success.
The 627-hectare technopole, located near the border with mainland China, is set to feature 300 hectares of land devoted to innovation and technology purposes.
However, allocating grant plots to multinationals will not be enough to spur growth, according to experts.
The success of the San Tin technopole is crucial for Hong Kong's future development as a technology hub.
However, past errors from previous technology hub projects must be avoided.
The two existing technology hubs, the Hong Kong Science Park and Cyberport, have faced challenges in attracting and retaining talent, as well as securing funding and resources.
By learning from these past mistakes, the government can ensure that the San Tin technopole is designed to meet the needs of startups and multinational companies.
As Hong Kong prepares to launch the technopole, experts recommend a comprehensive strategy that includes investments in education and training, infrastructure, and regulatory frameworks.
The government should also work closely with the private sector and other stakeholders to create a supportive ecosystem for innovation and technology.