AREAS OF EXCELLENCE SCHEME
Early 2000 saw the launch of the second round Areas of Excellence (AoE) Scheme which received a total of 55 initial proposals from a diverse range of disciplines. This augered well for the scheme which was first implemented in 1998, with strong Government support.
At its initial launch, the AoE Scheme received a total of 41 formal proposals. After a very rigorous peer-reviewed assessment, the UGC selected three proposals for which it had committed funding of HK$126m, set aside from the Central Allocation Vote, for five years.
The three projects are "Hong
Kong Institute of Economics and Business Strategy", a project of
The University of Hong Kong (HKU); "Information Technology"',
a joint project of The Chinese University of Hong Kong (CUHK), The Hong
Kong University of Science and Technology, and HKU; and "Plant and
Fungal Biotechnology" a CUHK project.