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Written by: Zhong Yan
2021-03-19 10:56
Last update date: 2021-03-19 15:37
In recent years, the Hong Kong government has strongly promoted the development of smart cities. The 2019 Policy Address recommended the establishment of a "Smart Transportation Fund" to subsidize enterprises to research vehicle innovation and technology and promote driverless technology. The Hong Kong government announced the following year that it had set aside about 1 billion yuan to promote Smart travel in Hong Kong.
The Transport Department announced today that the project will be open for applications on the 31st of this month.
Luo Qingxin, Assistant Director (Technical Services) of the Transport Department, said that he expects that the five-year funding scheme can promote research on automobile collision avoidance technology, big data to facilitate travel, and the application of Internet of Vehicles. The three major areas of related research are to reduce road accidents. And the commercialization of research results is beneficial.
The intellectual property rights of the research results will be owned by relevant institutions, but they need to be unconditionally provided to the Hong Kong government for use. The Hong Kong government shall not charge intellectual property fees, and the Hong Kong government will pay for services and related products separately.
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Posted by 01 News on Thursday, March 18, 2021
The Transport Department announced that the 1 billion yuan smart transportation fund will accept applications on the 31st of this month.
(Photo by Ou Jiale)
The Transport Department stated that it has begun preparations for the fund. It has consulted representatives of the relevant sectors on the scope and mode of operation of the fund, and it is expected to start accepting applications in the first quarter of 2021.
Luo Qingxin, Assistant Director (Technical Services) of the Transport Department, said that the new fund of 1 billion yuan will last for 5 years, and new applications will be accepted on the 31st of this month.
He pointed out that in the 2020 budget, the government has set aside 1 billion yuan to establish a smart transportation fund to fund innovative research and applications related to vehicles.
The maximum amount of funding for each project can reach HK$20 million. The scope of the project includes big data analysis, vehicle collision avoidance technology, and Internet of Vehicles related to vehicles that facilitate the travel of drivers.
General projects are expected to be approved as soon as 3 months
Luo pointed out that the authorities hope to have big data research, such as understanding the relationship between driving speed, weather, and the causes of accidents, which can help citizens plan their trips. As for the Internet of Vehicles, they can study how each car can communicate with each other to understand road conditions and further reduce There is an unexpected chance.
He hopes that five years of operation will be sufficient, but if the response is enthusiastic, many projects are worthy of implementation. The situation will be reviewed at that time, and it can be postponed if necessary.
He said that the research centers of ASTRI, universities, and logistics centers have all inquired with the Transport Department for details of the plan and have simplified the application as much as possible. It is expected that the project can be approved as soon as 3 months after all the documents are available.
The authorities have not set a target for the final number of projects to be launched.
Li Baoxiong, general manager of the SME Business Services Department of the Hong Kong Productivity Council, said that the duration of projects funded by the fund should generally not exceed 24 months.
Research and application projects can receive up to 20 million yuan in funding, hoping that the project will have commercialization opportunities; as for pure research projects, it can receive up to 8 million yuan in funding.
At least 50% of the research activities of all projects must be conducted in Hong Kong.
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The intellectual property of research results is owned by the researcher and the Hong Kong government must allow unconditional use
Li Baoxiong pointed out that applicants will be divided into public sector and corporate sector. As for the corporate sector, the funding ceiling is expected to be 50% of the project, and the public sector funding ceiling is 90% of the project.
The projects currently applying for other funding are not eligible for the Smart Transportation Fund.
As for the intellectual property rights of the research results, the researchers will own them, but the researchers will be required to allow the Hong Kong government to use the project unconditionally and cannot charge the Hong Kong government for intellectual property rights, but the Hong Kong government will pay for services and product applications.
Li Baoxiong continued to point out that pure research projects will depend on whether the research results have potential, and the focus of scoring is to have conditions for further development, and further research can be continued.
In terms of project monitoring, the authorities will follow up on the content of the agreement with the researcher, review the expenditure details of the project, and conduct on-site inspections to see whether the expected stage results have been reached.
The applicant organization also needs to submit an interim and final report, and finally an audited account report.
Luo Qingxin said that the fund will not accept applications for pure applications. If the plan involves buying technology from a foreign country and applying it in Hong Kong, it will not be eligible to apply for the fund.
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