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Companies need to understand the currently observable technologies and consider whether to apply these technologies directly or to conduct further research and development. Second, the application of design thinking is crucial, as it helps businesses achieve cross-disciplinary innovation and conduct diverse experiments based on market insights. Third, the management culture and internal management models of companies are also very important, as these factors can facilitate the advancement of innovation projects.

Hong Kong has long been successful in its four pillar industries, comprising trading and logistics, financial services, professional and producer services and tourism. According to the research by the HK government, they contributed close to 60% of Gross Domestic Product (GDP) and almost half of the total employment before COVID. However, all these four pillars have encountered the decline in their respective area – resulting from the rapid change in market need & user behavior, regional and global competition, the development in new value-chain and advanced technology, as well as geo-political environment. As a solution, ‘innovation’ has been introduced to address these pain-points of Hong Kong. The question to ask, how should we develop the innovation strategies – instead of coming up ideas for the sake of ‘innovation’? In this article, we will discuss how innovation strategy could be approached from the perspective of poverty alleviation to Web3 industry development – two topics sound not-related, but their common ground might give us the insight on how we could find the development path of Hong Kong.

Over the past decade, two technologies have been at the forefront of the digital revolution. The first is AI, which has seen global adoption, while the latter is the more contentious Web3, a decentralized blockchain protocol. This article will primarily focus on the latter.

全球人口不斷增加，但地球土地資源有限，為了增加更多可用土地，有城市挖掘地下空間，亦有研究於填海以外，將城市興建在海上，甚至擺放在海底的可行性。

Mr. Joseph Chan, Senior Lecturer of Innovation and Information Management is covered by MingPao on his project collaborated with Faculty of Engineering.

Article in Macau Business.com cites comments of Mr. Joseph Chan, Senior Lecturer in Innovation and Information Management, Management and Strategy.