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AbstractThis paper analyzes recent policy initiatives designed to stimulate innovative entrepreneurship in Hong Kong. I construct a conceptual framework informed by the theory of market failure and posit five key obstacles to innovative entrepreneurship in order to examine Hong Kong's efforts through public policy to strengthen innovative entrepreneurship and to offer broad policy prescriptions. Aligning the initiatives undertaken in Hong Kong with the barriers that inform the conceptual framework contributes to scholarship in the area of innovative entrepreneurship, lays the foundation for future research to match policy measures with outcomes in Hong Kong, and aids cross‐cultural research to determine whether aspects of the framing are specific or generalizeable. Copyright © 2011 ASAC. Published by John Wiley & Sons, Ltd.

Since its introduction in the 1980s, use of the innovation systems (IS) conceptual approach has been growing, particularly on the part of national governments including, recently, the Hong Kong Government. In 2004, the Hong Kong Government set forth a ''new strategy'' for innovation and technology policy making. Because it marked a significant break from the past (characterized by a laissez-faire Government attitude), it was necessary to convince a wider audience to accept this new strategy, a strategy that included the IS conceptual approach. Adopting a science and technology studies (S&TS) perspective, I show how the IS conceptual approach is being used as a rhetorical resource by the Hong Kong Government in its innovation and technology policy making in an effort to persuade its perceived audience of the efficacy of its new strategy for its policies—policies that are in fact unrelated to the basic precepts of the IS conceptual approach. The case provides a cautionary tale in the ways in which policy makers transform scholarly work and scientific discovery into rhetorical instruments in support of a political agenda.

AbstractCombining documentary analysis with hierarchical cluster analysis (HCA), we conduct a comparative study of innovation policies in two municipalities included in the Greater Bay Area (GBA) initiative—the Chinese government's plan to link eleven cities into an economic and business hub. After identifying innovation policies/agencies in Hong Kong and Shenzhen, we apply the HCA to compare similarities and differences between their innovation policies and assess how these policies align with the 'cross-border regional innovation system' (CBRIS) conceptual approach. We find that Hong Kong's innovation policies are multitudinous, fragmented, and overlapping, whereas Shenzhen's innovation policies are more targeted and more clearly differentiated, with a strong focus on strategic emerging industries. The two cities could strengthen their developing but weakly integrated CBRIS by collaborating in four areas of innovation policy: talent recruitment, joint R&D activities, enterprise competitiveness, and support for start-ups. The GBA initiative can succeed by driving innovation from a CBRIS perspective.