Chief Executive visits AppoTech

The Chief Executive, Mr Donald Tsang, today (June 26) continued his visits to companies and establishments in the six priority economic sectors identified by the Task Force on Economic Challenges (TFEC).

Mr Tsang's focus today was on testing and certification, innovation and technology as well as environmental industry.

The Chief Executive visited AppoTech Limited which specialises in system-on-chip.

The company, based on its self-designed IC, has developed application solutions in the areas of video, audio, telecommunications and home appliances such as digital photo frames, USB phones, and auto MP3.

It moved into the Hong Kong Science Park (Park) in 2003. Through the park's incubation programme, it received a comprehensive package of assistance, including free rent for the first year and access to electronic equipment and computer software at a low cost.

"I am thrilled to learn that the company has grown from a team of four to more than 100."

"While its success story is most encouraging to technology start-ups, the company is also a shinning example of Hong Kong's edge in innovation and technological development."

"To drive the growth of the industry, we will explore new financial or tax incentives to encourage the private sector to step up research and development," Mr Tsang said.

He noted that the Government would continue to foster innovation and technology development through the provision of world-class technological infrastructure, funding of applied research projects, strengthening of co-operation with the Mainland and promotion of an innovative culture.