Established in January 2004, the Steering Committee on Innovation and Technology is responsible for coordinating the formulation and implementation of innovation and technology policies, and ensuring greater synergy among different elements of the innovation and technology programme. The terms of reference provides an overview of the ambit of the Steering Committee. The Steering Committee is chaired by the Secretary for Commerce and Economic Development and comprises 15 members from relevant Government bureaux, academia, industry, and innovation and technology organisations.