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5. Training up the next generation                        5.2 Entrepreneurial support and training
                   of innovative gerontech industry                      To promote research-driven gerontech innovation in
                   professionals                                         universities, flexible policies for researchers to translate
                                                                         their output into real-life impact is needed. The terms and
                                                                         conditions offered by universities in Hong Kong for researchers
               Many of Hong Kong’s efforts in education and training of   seeking commercialisation remain very unattractive. First, we
               gerontech-specific skills are either scattered or not formally   recommend that Hong Kong universities provide flexible
               recognised. If Hong Kong hopes to develop the gerontech   policies on patent ownership and buyout. Second, we
               industry to its fullest potential, it needs to align and nurture talent   recommend that universities identify suitable licensing
               who are passionate and have the necessary skill sets to drive   terms and revenue-distribution ratios. Third, we recommend
               and meet the various needs of the industry.               universities to consider accepting a small share of equity
                                                                         as compensation for paying for the licensing fees of
               5.1 Vocational training for gerontech-                    spin-off companies.
                   specific skills
                                                                         In 2014, the Technology Start-up Support Scheme for Universities
               The procurement of gerontech is not only limited to an individual
                                                                         (TSSSU) was launched to encourage students and faculty
               product—it also refers to a lengthy process, one that generally
                                                                         members to establish technology start-ups or commercialise
               requires the involvement of different professionals at different
                                                                         their research and development outcomes by forming spin-
               stages. To streamline this, we recommend training up
                                                                         offs (Innovation and Technology Fund, 2021). To encourage
               gerontech consultants as the primary contact person to
                                                                         collaboration with welfare services, we recommend TSSSU
               assist elderly and PwD to purchase or rent gerontech. To
                                                                         to enhance the existing funding mechanism, as well as
               provide formal training and recognition in the care sector, we
                                                                         establish a second phase of funding. We also suggest that
               recommend the Social Welfare Department to introduce
                                                                         the prerequisite for accessing Phase II TSSSU funding
               a new vocational qualifications pathway under the
                                                                         to include industry collaboration with welfare service
               Qualifications Framework to certify and register gerontech
                                                                         providers, such as elderly or rehabilitation service units. To
               consultants in Hong Kong.
                                                                         improve commercial prospects, TSSSU can recommend start-ups
                                                                         to create industry partnerships with service units that register to
                                                                         become gerontech testbeds under the GT Platform.




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