Hong Kong expands AI adoption subsidies and startup investment schemes, aiming to attract private capital, strengthen technology ventures and accelerate innovation across strategic sectors.
Hong Kong is strengthening its artificial intelligence (AI) ecosystem and startup sector through expanded government funding, investment partnerships and programmes designed to attract private capital. The initiatives aim to accelerate AI adoption among businesses, improve access to financing for technology ventures and help local startups expand into international markets.
Speaking at the Cyberport Venture & Capital Forum 2026 on today, Acting Secretary for Innovation, Technology and Industry Lillian Cheong outlined the measures introduced under the government's 2026 Policy Address. The forum brought together entrepreneurs, investors and technology companies from Hong Kong, Mainland China and overseas to discuss innovation and opportunities for cross-border growth.
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A key focus is the enhancement of the Digital Transformation Support Pilot Programme, which provides matching subsidies to small and medium-sized enterprises (SMEs) adopting AI and cyber security solutions. The programme is intended to help businesses integrate digital technologies, improve operational efficiency and strengthen competitiveness. The government is also encouraging innovation in strategic sectors such as robotics and health technology.
To strengthen startup financing, the government is increasing support for the enhanced Innovation and Technology Venture Fund scheme with an additional HK$1 billion allocation. This will bring the scheme's total funding provision to up to HK$2.5 billion. The government expects the programme to attract at least HK$7.5 billion in market capital, expanding financing opportunities for early-stage technology companies, particularly those seeking Series A and Series B investments.
Another major initiative is the HK$10 billion Innovation and Technology Industry-Oriented Fund, which is expected to reach a total size of at least HK$40 billion through public and private sector contributions. Around 20 fund managers have been shortlisted to raise capital and establish sub-funds, with investments expected to focus on artificial intelligence, robotics, life and health technology, and sustainable development.
Cheong also highlighted the growth of Hong Kong's startup ecosystem. The territory had more than 5,200 startups in 2025, representing an 11 per cent increase from the previous year. Hong Kong Science Park and Cyberport have collectively supported around 20 unicorn companies, while Cyberport's business community includes more than 2,400 companies.
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These innovation hubs play an important role in connecting emerging businesses with investors, industry partners and overseas markets. Their networks are also expected to support technology companies seeking opportunities across the Greater Bay Area, ASEAN, the Middle East and Central Asia.
The funding measures form part of Hong Kong's broader strategy to develop as an international innovation and technology centre. By combining government-backed financing with private investment, the administration aims to improve access to capital, accelerate the commercialisation of new technologies and strengthen the growth potential of local enterprises.