The Innovation and Technology Commission (ITC) is a government body in Hong Kong responsible for promoting innovation and technology development. It aims to enhance the competitiveness of the local economy by supporting research, development, and the application of new technologies across various sectors. The ITC oversees several funding schemes and initiatives, such as the Innovation and Technology Fund, to encourage collaboration between businesses, universities, and research institutions. By fostering a vibrant innovation ecosystem, the commission seeks to drive economic growth and improve the quality of life for residents in Hong Kong.