Budget Speech

Cultural and Creative Industries

117.      The $300 million CreateSmart Initiative has so far received over 110 applications for support to projects in the creative industries. Over 40 applications have been approved with a funding of more than $70 million.

118.      In 2011-12, Create Hong Kong will continue to help the industries tap into the Mainland market, support local creative talent in taking part in major overseas competitions and exhibitions, and co-operate with the film, design, digital entertainment and other sectors to organise promotion, exchange and business matching activities in the Mainland and overseas markets. In addition to subsidising international events like Entertainment Expo Hong Kong and Business of Design Week, we will support the music, television and digital entertainment industries in organising various kinds of large-scale regional events this year. Regarding new media, Create Hong Kong will provide funding for the establishment of a 3-D online platform to showcase local architectural works. It will also support the local comics sector in developing a smart-phone platform to facilitate electronic publishing and distribution of comic work.

119.      We have selected the service operator for revitalising the site of the former Hollywood Road Police Married Quarters into a focal point for the development of local creative industries.

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