"Accelerating the development of new quality productive forces" is a key priority in China’s 2024 Government Work Report. The integration of innovation and technology into industrial development will shape the future direction of university research and industrial planning. In 2023, the Innovation, Technology and Industry Bureau launched the $10 billion Research, Academic and Industry Sectors One-plus Scheme (RAISe+) to facilitate the translation and commercialisation of university research in Hong Kong. However, what challenges do universities face in transforming research outcomes into practical applications while balancing teaching and research? According to the Hong Kong Productivity Council’s Hong Kong Manufacturing Industries Development Study Report, 80% of local manufacturers have yet to adopt smart solutions. How will new quality productive forces create opportunities for the transformation and upgrading of Hong Kong’s manufacturing sector? How will they drive the growth of the city’s innovation and technology industry? And what measures is the government implementing to accelerate Hong Kong’s innovation and technology development?