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How does the UGC support universities to transfer their research outputs into real socio-economic benefits for the industries/businesses and the community?

  • The UGC recognises the importance of sharing knowledge with society in bringing about socio-economic benefits and impact to the community and businesses, as well as to cultivate public appreciation for the valuable contributions of the higher education sector to society as a whole. To promote the sharing of knowledge between universities and society, the UGC has been providing recurrent grants to funded-universities to strengthen and expand related initiatives starting from 2009/10. In general, universities mainly utilise the additional funding to strengthen its support for knowledge exchange, such as staff training, internal promotion, organising public events like lectures and exhibitions, covering operational expenses of dedicated support units, and financing patent-related costs.

  • Since the 2009/10 academic year, universities have been required to provide annual reports on the utilisation of recurrent funding related to knowledge transfer. These reports have been uploaded to the UGC website: http://www.ugc.edu.hk/eng/ugc/activity/knowledge.html. The UGC is satisfied with the development of universities in knowledge transfer and is pleased to see universities being recognised with numerous international awards for their knowledge transfer projects, showcasing their global excellence.