Page 55 - OHKF_Gerontech_report_en

stakeholders have indicated that more overseas companies are (Figure 15). This means that a significant number of elderly living
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now willing to set up agencies to distribute their products to Hong in residential institutions have limited access to gerontech, since
Kong consumers. All NGOs and private organisation that receive their homes are not eligible for the $1 billion I&T Fund. At a critical
subsidies from the SWD or provide subsidised RCS or community period when the gerontech market is still developing, such funding
care and support services for the elderly are eligible to apply to the restrictions further limits the size of an already small demand-side. Demand-side
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$1 billion I&T Fund. However, more than half of residential care Therefore, specific enhancement measures should be put in place
services for the elderly are 100% privately funded and do not to maximise the coverage of funding support.
benefit from the $1 billion I&T Fund (SWD, 2021, October 4)

Figure 15. Percentage of eligible residential care services for the elderly

Percentage of residential care services for the elderly eligible for $1 billion I&T Fund

Eligible Not eligible

Government subvented NGOs 100% privately
& private organisations [1] funded organisations

46%

54% Note: [1] Percentage of eligible RCS for the
elderly = Number of subsidised RCS +
RSPs under the Pilot Scheme on RCSV
for the elderly (n=357) / Toal number of
residential care homes for the elderly
(n=782)
Sources: SWD, 2021, June 30; 2021, July 9;
2021, August 31; SWD Elderly
Information Website, 2021

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Eligible private organisations only include organisations participating in the Enhanced Bought Place Scheme, self-financing nursing homes participating in the Nursing Home Place
Purchase Scheme, and RSPs under the Pilot Scheme on RCSV for the elderly (SWD I&T Fund Manual, 2021).
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