Energizing the Hong Kong Economy with Innovation in the Digital Age through a Corporate Innovation Index

 

Corporate Innovation Index

 

An innovation management and assessment tool to promote corporates' innovation culture and to enhance corporate innovation capabilities and achievements in both large and small corporates in Hong Kong.

 

 

What is a Corporate Innovation Index (CII) ?

In response to the SAR Government’s call for developing HK into an Innovation Hub of the Region, we propose to:

• Establish a conceptual framework of corporate innovation that is suitable for HK in the digital age,
• Develop a set of measurement matrices and recruit 100 corporates and 200 SMEs to participate in the Corporate Innovation Index ranking, and
• For sustainability, (i) produce guidebooks and online, quick CII measurement tools; (ii) conduct workshops and training sessions for business leaders; (iii) repeat the ranking exercise.

 

This project is funded by the Innovation and Technology Commission (ITC) of the HKSAR, under the General Support Scheme (GSP).

Objectives

 

This project aims to achieve the following five objectives:

• Promote the awareness and importance of innovation to Hong Kong Corporates and subsequently the Hong Kong economy in the fast-changing, digital age,
• Develop a Corporate Innovation framework and measurement instruments to assess the overall innovation spirit and culture of Hong Kong corporates, as well as to measure their innovation capabilities and achievements of individual Hong Kong corporates,
• • Recognize top-ranked innovative Hong Kong corporates and facilitate participating corporates to benchmark with and learn from industry leaders,
• Strengthen the innovation capabilities of Hong Kong corporates and business leaders in Hong Kong through education and training (e.g., through case study and best practice training on corporate innovations as they apply to Hong Kong corporates or to international corporates already operating in Hong Kong or considering operating in Hong Kong), and
• Inform policymakers on the state and current trends of innovation in the HK corporate landscape in order to formulate or supplement public policies to advance the sustainability, competitiveness, and reputation of Hong Kong corporates, both at a local level and an international level.

 

 

Intended Impacts on the Innovation & Technology Ecosystem

 

• Hong Kong Society
  • Strengthen innovation awareness and innovation culture for the companies and people in Hong Kong
  • Leverage innovation & technologies to drive long term productivity, job creation, and economic growth in the digital economy

 

• Corporates and SMEs
  • Develop an innovation framework and measurement metrics unique to HK companies
  • Improve corporate innovation through benchmarking the CII performance with industry leaders

 

• Business Investors
  • Provide a reference for large corporates to make investment decisions on innovation & technologies
  • Provide investors with a reference on the innovation capabilities of their investing corporates

 

• Policy Makers
  • Provide objective and scientific analysis to formulate innovation and technology policies and schemes
  • Create a favourable, innovative business environment to attract innovative talent and foreign companies to Hong Kong

 

• Tech Start-ups
  • Strengthen start-ups’ knowledge on the innovation gaps in corporates and SMEs

 

 

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Steering Committee

• To advise the CII project on the direction, development and implementation of the project;
• To monitor and review the overall progress of the CII project; and
• To advise the CII project on the way forward including promoting and enhancing corporate innovation capabilities and achievements for both large and small corporates in Hong Kong.

 

Committee Members (till the project period 31 Jan 2023):

Mr. Patrick LEE (Chairman)		Convener, Smart City Working Group, The Hong Kong General Chamber of Commerce
Prof. Waiman CHEUNG (Secretary)		CUHK Business School, The Chinese University of Hong Kong
Prof. Chun Kwong CHAN		Faculty of Engineering, The Chinese University of Hong Kong
Prof. Dominic CHAN		CUHK Business School, The Chinese University of Hong Kong
Mr. Eric CHAN		Chief Public Mission Officer, Hong Kong Cyberport Management Company Limited
Mrs. Eunice CHAN		Chief Operating Officer, HSBC Hong Kong
Mr. Matthew CHAN		Chief Digital Officer, Jardine Restaurant Group
Prof. Toa CHARM		CUHK Business School, The Chinese University of Hong Kong
Ms. Yvonne CHE		Chief Executive Officer, Joint Electronic Teller Services Ltd
Ms. Vivien CHIU		Chief Operating Officer, Hang Seng Bank Limited
Ms. Winnie HO		Senior Director, Policy & Research, The Hong Kong General Chamber of Commerce
Mr. Eugene HSIA		Chief Corporate Development Officer, Hong Kong Science and Technology Parks Corporation
Mr. Andrew LING		Head of Industry Customer Advisory, SAP Hong Kong
Mr. Chris SO		Head of Business Development, Hong Kong & Macau, Amazon Web Services
Mr. Lee-Han TJIOE		General Manager and Senior Partner, IBM Consulting Hong Kong

 

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Expert Panel

• To advise the standards/guideline relating to the composition of Corporate Innovation Index and the suitable adoption in Hong Kong having regard to international practices, trends and developments;
• To review the scientific evidence on the composition of Corporate Innovation Index;
• To conduct the model refinement of the Corporate Innovation Index; and
• To conduct and lead the ranking calibration of the Corporate Innovation Index.

 

Panel Members:

Mr. Chris AU YOUNG		General Manager, Smart Airport. General Manager, Data Analytics, Airport Authority Hong Kong
Mr. Eric CHAN		Chief Public Mission Officer, Hong Kong Cyberport Management Company Limited
Mrs. Eunice CHAN		Chief Operating Officer, HSBC Hong Kong
Mr. Joe CHAU, JP		Life Honorable President & Executive Consultant, The Hong Kong General Chamber of Small and Medium Business
Dr. Ludwig CHANG		Hong Kong Baptist University
Mr. Eugene HSIA		Chief Corporate Development Officer, Hong Kong Science and Technology Parks Corporation
Mr. Steve CHUANG		Executive Deputy Chairman, Federation of Hong Kong Industries
Ms. Vivien CHIU		Chief Operating Officer, Hang Seng Bank Limited
Mr. William GEE		Partner, Innovation and Digitalization, PwC Mainland China and Hong Kong
and		Key members of the Research Team

 

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Support From Industry & Tech Ecosystems,
Sponsor Companies & Organizations

 

 Strategic Partner:

• The Hong Kong General Chamber of Commerce

 

Sponsors (in alphabetical order)

• Amazon Web Services
• Hang Seng Bank Limited
• Hong Kong Cyberport Management Company Limited
• Hong Kong Science and Technology Parks Corporation
• IBM China/Hong Kong Limited
• Jardine Restaurant Group
• Joint Electronic Teller Services Limited
• Prestique Limited
• SAP Hong Kong
• Tradelink Electronic Commerce Limited

 

Supporting Organizations(in alphabetical order)

• ACCA Hong Kong
• Association of Women Accountants (Hong Kong)
• CPA Australia
• Federation of Hong Kong Industries
• FinTech Association of Hong Kong
• Hong Kong Bio-Med Innotech Association
• Hong Kong Computer Society
• Hong Kong Independent Non-Executive Director Association
• Hong Kong Information Technology Joint Council
• Hong Kong Women Professionals and Entrepreneurs Association
• SME Lab

 

 

 

 

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Participate in Corporate Innovation Index Ranking

CUHK Business School has developed a set of measurement matrices and is now recruiting 100 corporates and 200 SMEs to participate in the Corporate Innovation Index(CII) ranking. Top-ranked achievers will be announced in the award ceremony in the second quarter of 2022, and will be received a certification to commend their effort to empower Hong Kong’s economy through innovation.

Join CII Survey

As a token of appreciation, participants will receive our CUHK Business School's latest mask holder as a souvenir after completing the questionnaire.  Limited complimentary seats from CUHK Business School Executive Education Programme(s) in 2022 will also be offered to the top-ranked achievers from each industry sectors.

CII FAQ

 

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CONTACT US
Phone: (852) 3943 8772
Email: apib@cuhk.edu.hk

Enquiry

 

Disclaimer: Any opinions, findings, conclusions, or recommendations expressed in this material / event (or by members of the project team) do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Innovation and Technology Commission, or the General Support Programme Vetting Committee of the Innovation and Technology Fund.