Research funding of
HK$428 million has been committed by the Research Grants Council in this
years CERG (Competitive Earmarked Research Grant) exercise, a 6
per cent increase over last year.
Altogether, 691 research projects out of 1,698 submitted
are being funded, with a 40 per cent success rate which is about equal
to last year.
The largest slice of funding went to engineering (HK$148
million) and biology and medicine (HK$144 million) projects (see table).
Chairman Professor Kenneth Young said some of the supported proposals
compare well with the highest international standards.
But he warned: In spite of an impressive record of
development, Hong Kong research is still at a young stage. As Hong Kong
strives to enhance its overall competitiveness in the globalised economy,
much more remains to be done to upgrade its capacity for innovation and
We also need to see parallel advancement in research in the humanities
and social sciences which contribute to the understanding of our society
and nourishes the human spirit.