HKUST Annual Report 2004 - 2005 - page 21

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19
࢕௴ุʮ̡dᒔί੃ԃʕf
HKUST's breakthroughs in research have
played an essential role in placing the
University on the global map. The ability
of faculty to continue creating new
knowledge is a tribute both to HKUST's
research infrastructure and the ceaseless
drive of our academics to make a differ-
ence to people's lives.
One reflection of this determination is
HKUST's continuing success in the annual
Research Grants Council Competitive
Earmarked Research Grant (CERG) allo-
cation. In terms of the percentage of
research projects funded for the 2005-06
allocation, the University achieved a 61%
success rate compared to the average
of 38% across all eight eligible Hong
Kong tertiary institutions.
The CERG is an internationally peer-
reviewed contest, assessed on the quali-
ty of proposals as perceived by interna-
tional peers and the applicant's track
record. The CERG research grants
awarded to HKUST will support projects in
engineering, the physical and biological
sciences and IT, among others, and pro-
vide combined funding of HK$88.5 mil-
lion.
HKUST also plays a leading role in the
application, development and transfer
of breakthroughs into the community at
large, these coming in the form of new
inventions, techniques and perspectives.
The University has been allocated
HK$340 million in funding by the
Innovation and Technology Fund (ITF)
during the past six years, making HKUST
its principal beneficiary among Hong
Kong's tertiary institutions. The University
has also received HK$235 million in indus-
trial funding for contract research and
collaborative R&D over the same period.
The University's Technology Transfer
Center evaluated 32 invention disclo-
sures from our researchers during 2004-05
and filed 53 patent applications. In addi-
tion, HKUST received notification of the
granting of 11 patents.
The HKUST R and D Corporation Ltd
signed 105 R&D contracts with industrial
clients worth more than HK$31.9 million
and eight license agreements for the
transfer of intellectual property to region-
al companies. Nineteen start-up compa-
nies, founded with HKUST expertise and
technology developed at the University,
continue to be incubated.
40
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Trans-
forming
the World
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