Hong Kong will reserve HK$100 million for an Elderly Technology Promotion Scheme, according to Cheung Man-lai, Under Secretary for Innovation, Technology and Industry, speaking at the Legislative Council. The program is intended to help local innovation and technology companies connect with suitable application scenarios and improve elderly care products and service solutions. Cheung said the scheme is designed to support the commercialization of locally developed research results while raising awareness and usage of gerontechnology among older people, caregivers and the wider public. It is expected to launch in the first half of 2027. She also said Hong Kong’s first five-year plan explicitly calls for deeper integration of industry, academia and research, with a focus on accelerating the conversion of research outcomes into industrial applications. Funding tied to gerontechnology under the Innovation and Technology Fund has already exceeded HK$690 million. At present, around 140 related companies are based in Hong Kong Science Park and Cyberport, covering rehabilitation, physical and mental wellness, and cognitive assistance devices. Science Park will also work with the Hong Kong Housing Society on the "Ageing in Place Living Lab" project and study the creation of a Hong Kong innovation and technology application scenario promotion center.
Hong Kong will set aside HK$100 million for an "Elderly Technology Promotion Scheme," Cheung Man-lai, Under Secretary for Innovation, Technology and Industry, said at the Legislative Council.
Cheung said the program will support local innovation and technology companies in connecting with and matching application scenarios, while improving elderly care products and service solutions. The scheme is expected to be formally launched in the first half of 2027.
Commercialization and public adoption
According to Cheung, the plan is aimed at helping commercialize locally developed research outcomes and increasing awareness and use of gerontechnology among older people, caregivers and the public.
She added that Hong Kong’s first five-year plan clearly calls for deeper integration of industry, academia and research, faster conversion of research results, and industrial implementation, with innovation and technology used to improve quality of life for residents.
Cheung also said total funding related to gerontechnology under the Innovation and Technology Fund has exceeded HK$690 million.
About 140 related firms already gathered in Science Park and Cyberport
At present, around 140 related companies are based in Hong Kong Science Park and Cyberport, covering areas including rehabilitation, physical and mental wellness, and cognitive assistance devices.
Science Park will also work with the Hong Kong Housing Society to arrange for park companies to participate in the "Ageing in Place Living Lab" project, and study the establishment of a "Hong Kong Innovation and Technology Application Scenario Promotion Center."
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