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| Encouraging knowledge transfer in Recommendation 4.1 Establishing an
Policy recommendations for the governments of Hong Kong and Shenzhen
tertiary institutions and nurturing assessment framework for knowledge transfer
multi-skilled talent well-versed in to foster a culture conducive to knowledge
transfer on campus
biotech and business
To foster a culture conducive to knowledge transfer on campus,
Tertiary institutions are cradles for ground-breaking technological we recommend that an assessment framework for knowledge
innovations of the world. However, it is only after successful transfer be established in Hong Kong that is linked to university
technology transfer that consumers may benefit from such funding from the government. Even though knowledge transfer
research outcomes. One of the objectives of the Regulation of along with teaching and research are seen as the three main
Shenzhen Special Economic Zone on Scientific and functions of universities, knowledge transfer has little impact on
Technological Innovation implemented in 2020 is to encourage the amount of funding universities receive and the career
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knowledge transfer in tertiary institutions. Despite this, the Hong progression of researchers. Hong Kong has established a
Kong government has not yet put forth policy incentives of a teaching assessment framework in the form of the Quality
similar scale to foster knowledge transfer in tertiary institutions. Assurance Council and a research assessment framework
To leverage the world-class biotech research output of tertiary through the Research Assessment Exercise, in reference to the
institutions in Hong Kong, we should promote entrepreneurship UK education system. Yet, while the UK has started to put equal
among researchers, or encourage them to engage in transfer of emphasis on knowledge transfer by implementing the Knowledge
advanced technology. Yet, there is a dearth of such talent in the Exchange Framework since the second half of 2020, Hong Kong
biotech industry. On one hand, universities have not cultivated a still lacks such a framework (see Figure 22).
culture of knowledge transfer, with researchers discouraged or
even limited from engaging in knowledge transfer, resulting in low Given that researchers’ performance in knowledge transfer has
number of patent application, licenses granted and spin-off little impact on the amount of government funding that institutions
companies founded; on the other hand, there is a mismatch receive, assessment and promotion of academics are still largely
between what the industry requires and what graduates of biotech dependent on the amount of research funding they secure and the
programmes can offer, with few equipped with research number of journal articles published. Stakeholders of this study
management and entrepreneurship skills.

76 Includes encouraging and commending researchers engaged in knowledge transfer (Article 95), and researchers working part-time in enterprises (Article 85), etc.
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