What is APICC?
The Asia Pacific IC Centre (APICC) is an organization designed to assist Hong Kong companies come to grips with the modern knowledge rich economy and assist them extract maximum benefit from participating in it. IC or Intellectual Capital is a main driver of value creation in the modern economy: IC is the sum of all the knowledge and experience, some of it not explicitly shown or recorded, in a company or organization which can be used to create, extract and release value. How we use our IC often determines how successful we are.

APICC is, at one and the same time, an IC Centre for Hong Kong SAR and a link with the growing number of such IC Centres in Mainland China and around the world. The purpose of each IC Centre is to raise awareness in local businesses of the need in the knowledge based economy to identify key owned or accessible IC and to manage this for value, and to provide information and coaching.

First Steps:There were many attempts in Hong Kong and around the world to define “Creative Cities”, “Creative Industries”, “Creative Assets” and “Creative Economy”. Comprehensive definitions and useful analyses from a global perspective can be found in the “Creative Economy Report 2008”, prepared by the United Nations Conference on Trade and Development (UNCTAD). This is just a beginning, and more work need to be done. However, the real value is to be found in creativity in all industries and organizations since this is what catalyses breakthrough innovation.

Why was APICC Created?
APICC was created to address a need which we identified in Hong Kong SAR. Larger companies have shown since 1995 that there are great benefits to be obtained in managing the knowledge base of companies as part of the business plan. Since 2000 several countries, notably Scotland, Singapore and Syria, have put IC Centres in place to help local companies understand the issues, raise their awareness, diagnose their position and take steps to leverage this knowledge base in order to create value. As one example, the step of transforming key tacit knowledge into explicit recorded knowledge is vital in risk reduction in that it creates a recorded and systematised approach that is not dependent on one key individual but part of the company structural capital. APICC has been created to assist Hong Kong SAR companies in this regard, to allow Hong Kong SAR to begin to catch up with the world leaders in the Knowledge Economy and to link Hong Kong into the ambitious Mainland China IC Centres Project.

APICC Founding Document.pdf

Innovation & Technology Bureau

Policies and Practices for Hong Kong as a Knowledge Economy and the Proposed

Innovation and Technology Bureau


Alan Lung, Director & General Manager &

Gordon McConnachie, Chief Technology Office, APICC

(Asia Pacific Intellectual Capital Centre Whitepaper #8, July 2011)

Download the full English version of this whitepaper as a pdf file


Executive summary

According to a briefing made by the CPU, Hong Kong has been looking at further economic diversification as it was felt that the traditional industries should not be the only drivers of economic growth. The “Six New Industries” were proposed with the primary objectives of improving people’s livelihood, boosting employment and providing more opportunities for the young people. Read more »

The Business Side of Innovation and Technology

By Dr Gordon McConnachie, Founding Chairman of Scottish Intellectual Assets Centre and Chief Technology Officer of Asia Pacific Intellectual Capital Centre


Innovation can be considered as the activity of creating something new with commercial value, from the moment at which the first idea is born until the moment the new product or service is successfully placed into the market.

In any company innovation and renewal is the lifeblood of sustainability. Some companies have fast moving development cycles and others more leisurely ones; some innovations are incremental and some are breakthroughs: some innovations come from the outside driven by customer needs or new technology advances, while some come from within a company driven by that company’s own vision. Read more »

Hong Kong’s Innovation and Technology Role in Mainland China’s 12th Five Year Plan

By Alan Lung, Director & General Manager, APICC

(Asia Pacific Intellectual Capital Centre Whitepaper #7, March 2011)

中国内地 “十二五”规划的互補定位及角色
(亚太知识资本中心白皮书第七章,2011 年3 月。作者: 龍家麟)

Executive Summary

(Download the English Version of this paper as a pdf file)

(Download the Chinese version of this paper as a pdf file)

Milton Friedman described Hong Kong as a laissez-faire economy and he credited that policy for Hong Kong’s prosperity since the end of the Second World War. Yet some local Hong Kong activists mock the “Freest Economy of the World” rating as business-government collusion that ignores a widening wealth gap, a more sustainable economic growth strategy and social justice. Read more »

Thoughts On Future Value: Opportunities For Hong Kong.

World Scene.

As 2011 dawns and we enter deeper into the second decade of the 21st century, we may draw significant learning from the past decade which can help us create more sustainable value in the future.

There is no question that the globalisation of business has accelerated and that our economy is developing into a balanced mixed economy in which the agrarian, industrial and knowledge economies complement one another.

It is also clear that on a world scale we have narrowly escaped a serious economic depression and that it will take quite a few years for some nations to clear the severe debt which they have accepted in order to preserve a functioning world monetary system. Read more »