Our Hong Kong Foundation (OHKF) has launched a new research report, titled “Unleash the Potential in Science and Technology Innovation: Develop Hong Kong into an International R&D Powerhouse”. The report puts forward the recommendation for the establishment of interdisciplinary and cross-institutional mega research institutes to drive the development of Hong Kong’s overall science and technology innovation ecosystem. Besides, the report recommends a series of actionable measures to make science and technology innovation a critical growth engine for Hong Kong’s economy through addressing the needs of three fundamental areas: funding, talent, and collaboration.