Innovation is actively encouraged by the Central government. The Ministry of Education and the Ministry of Finance jointly launched and implemented “The Plan for Enhancing the Power of Innovation in Higher Education” (abbreviated as “2011 Plan”) in 2012, with the aim to further develop higher education and increase innovative capacity. The plan encourages higher education institutions, the government, businesses and industries to collaborate in order to promote market creativity and develop new products to accelerate economic growth. The key objective is to achieve significant, high-quality research outcomes through the mechanism of collaborative partnerships. Following the launch of the plan, numerous higher education institutions and research institutes have established their collaborative innovation centres. The Macao SAR government is also committed to cross-disciplinary innovations. The Macao SAR’s Five-year Development Plan (2016-2020) articulates the commitment of “persistence in making the nurturing of talents as the key to support innovation, striving to construct an innovation network that interconnects education, research and industry, promoting the innovative use of information technology for development, and driving the rise of innovation in related fields.”
Building a highly efficient collaborative system for innovation contributes to enhancing scientific and technological cooperation and promoting the sharing of open resources for research. It can significantly increase the enthusiasm and proactiveness of institutions in innovation if a dynamic and effective incentive mechanism is in place, breaking the stagnation in the transfer of scientific and technological achievements to society. The University of Macau needs to begin with the training of innovative talents, endeavouring to create an optimal environment for “innovative mind, innovation competence and innovative industries”, contributing to economic growth through innovation so as to be able to seize opportunities to move ahead.