Innovation

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Deloitte released a report in Hong Kong stating that the Greater Bay Area spent about 28.9 billion yuan (US$4.2 billion) on basic research in 2024, accounting for just 5.67 per cent of total R&D spending, below China's national average of 6.9 per cent and far behind the US's 14.5 per cent and South Korea's nearly 15 per cent. Despite strong tech potential, the southern China cluster lags in basic research and original innovation, with talent gaps adding to challenges.

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Lina Morales, executive director of HealthTech Colombia, stated that its over 300 member companies exceed US$300 million in local and foreign operations. The third edition of the HealthTech Forum in Bogotá drew more than 1,500 attendees from 12 countries, positioning the city as a key hub for health innovation.

During China's 2026 national two sessions, Hong Kong's role as the world's third-largest financial center drew attention. Australian scholar Warwick Powell discussed with Hong Kong CPPCC member Judith Yu how the city can leverage its 'super-connector' status to align with the 15th Five-Year Plan. Yu highlighted innovation, technology, and financial empowerment to boost Greater Bay Area cooperation.

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International Housewares Association tillkännagav vinnarna av sina 2026 Global Innovation Awards vid en gala under The Inspired Home Show i Chicago den 11 mars 2026. Tolv produkter från olika kategorier, inklusive kökstillbehör och produkter för husdjur, hedrades för excellens inom design. Priserna belönar innovativa lösningar för hemmabruk, enligt IHA:s president Derek Miller.

 

 

 

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