Hong Kong universities are losing out on IP income
The Our Hong Kong Foundation said that official funding for universities should be linked with technology performance. It added that universities should give researchers more benefits and the freedom to work on patents and end products.
Universities accounted for nearly 60% of the special administrative region’s research and development expenditure in 2018, compared to 27% in the United Kingdom and 13% in the United States. But they lagged far behind on IP-generated income and spinoff technology operations. Local universities last year earned HK$100 million (US$12.9 million) from IP rights – less than one-seventh of the University of Oxford.
Full report on The Standard site