GBA Express

10 STATION 1: SET UP YOUR BASE THE HONG KONG ADVANTAGES 1 Technology Talent Admission Scheme, Research Talent Hub, Innovation and Technology Commission The HKSAR Government offers strengthened I&T development support in eight major areas: • increasing resources for R&D • attracting and developing technology talent • providing investment funding • providing technological research infrastructure • streamlining legislation and regulations • opening up government data • enhancing procurement arrangements • strengthening popular science education • Generous tax incentives for R&D – 300% tax deduction for the first HK$2 million eligible R&D expenditure, and 200% for the remainder. • Mainland state and municipal funding for science and technology available for HK universities and research institutions. • A large talent pool groomed by local world-class universities – five HK universities are ranked among the top 100 universities in the Quacquarelli Symonds (QS) World University Rankings 2020. • Government talent schemes which fast-track immigration for international tech talent and funding subsidies for research talent 1 . Policy support Incentives Talent