The innovation of technology can speed the development of an innovation economy and spur sustainable, long-term economic growth of Hong Kong. 

Technology can also be a great enabler of innovation. In areas from education and health care to entrepreneurship and science, technology promotes jobs, builds wealth, and benefits individuals, communities and societies. Technology has been a key driver of economic growth over the last two decades, fueling the innovation and entrepreneurship that are crucial to long-term economic development and prosperity.

HKCTC's Innovative Technology Application Center fosters the advancement of applied research and development with the long-term objective of increasing the competitiveness of existing companies within key industry sectors in Hong Kong and Mainland China. The Center provides a variety of product and process innovation and commercialization services that result in new product designs, enhanced productivity, and cost reduction measures for established and early-stage businesses.

The center aims to spearhead Hong Kong's drive to become a world-class, knowledge-based economy by

• Promote and support applied research and development, and technology transfer and application.
• Foster an innovation and technology culture in the community, and promote technological entrepreneurship.
• Facilitate the provision of infrastructure and development of human resources to support innovation and technology.
• Formulate, develop and implement the Government's policies, programmes and measures to promote innovation and technology.
• Promote internationally accepted standards and conformity assessment services to underpin technological development and international trade.
• Develop high calibre and motivated staff to contribute to Hong Kong's technological advancement.