Innovation and Technology Commission third Summit “Incubation and Commercialization Summit” (https://hkbgsp.hkust.edu.hk/) was going to be held on 6 December 2022 (Tuesday) at HKUST Campus. The first summit “Blue Marine Economy Summit” was held on 23 June 2022 at HKUST, which focused on ocean governance and safety. It attracted over 230 participants and honorable guests (including ~170 onsite and ~60 online). The second summit “Applied Fundamental Research” was held on 17 September 2022 at HKUST, which attracted over 200 participants and honorable guests. Both successful events had initiated active exchanges among different sectors.