The Innovation & Technology Commission today announced the second batch of 25 projects to be given funding via the Research, Academic & Industry Sectors One-plus (RAISe+) Scheme.

These projects were recommended by the scheme’s steering committee. The total funding awarded amounts to over $1 billion.

The projects cover health and medical sciences, new materials and new energy, artificial intelligence (AI) and robotics, electrical and electronic engineering, advanced manufacturing, Chinese medicine, and computer science/information technology.

Secretary for Innovation, Technology & Industry Prof Sun Dong welcomed the second batch of projects to be supported by the scheme.

He said: “The successful approval of the second batch of projects marks the Government’s continued commitment to promote commercialisation of local research and development outcomes through the RAISe+ Scheme.

“The scheme fosters effective collaboration among the Government, industry, academia and research sectors, injecting new momentum into local innovation and technology development, which in turn expedites the development of Hong Kong into an international I&T centre.”

The commission, aiming to nurture more I&T projects and startups with potential, will continue to work closely with universities and industry for the projects’ smooth implementation.