On 24 October 2023, the Asia-Pacific Institute of Business (APIB) at The Chinese University of Hong Kong (CUHK) Business School launched the Corporate Innovation Index (CII) project 2023. Funded by the Innovation and Technology Commission of the Hong Kong government since 2021, the project aims to foster innovation among large corporations and small and medium-sized enterprises (SMEs).
In its second year, the CII project seeks to invite 130 large corporates and 200 SMEs to participate in a survey questionnaire which assesses their innovation performance and capabilities in 2022. This year, the project will enhance its assessment framework, including measurements specially designed to address the needs and operations of SMEs. The assessment results are expected to provide valuable insights into Hong Kong’s business innovation landscape and trajectory.
Prof. Waiman Cheung, Associate Dean (Graduate Studies) and Executive Director of APIB at CUHK Business School, highlighted the importance of understanding and supporting SMEs in their ongoing innovation journey. “SMEs form an important pillar of our economy, accounting for more than 90% of businesses in Hong Kong. This year, we hope to delve deeper into the unique challenges and opportunities faced by SMEs in their innovation endeavours.”
The kick-off ceremony was attended by esteemed guests, including Mr. Wai-ming Lau, Assistant Commissioner for Innovation and Technology (Quality Services), Prof. Lin Zhou, Dean of CUHK Business School, and Mr. Patrick Yeung, CEO of The Hong Kong General Chamber of Commerce (HKGCC), along with corporate representatives.
The HKGCC remains the project’s strategic partner, the list of supporting organisations has expanded to include the Federation of Hong Kong Industries as an industry partner, as well as sponsors from various sectors such as technology, finance, trading, property, and digital platforms. Their support underscores the shared commitment to driving innovation and propelling Hong Kong’s economic growth.
For more information on upcoming events, please visit the CII website.