The innovation and expertise ecosystem in Hong Kong is deepening the mixing of startups with business and talent, enabling Hong Kong-based tech startups to ascertain a foothold on the worldwide stage by expertise commercialization, market growth, and price optimization.
Hong Kong Science and Technology Parks Corporation (HKSTP) and China Resources (Holdings) Co Ltd (China Resources Group) co-organized the Achievement Showcase of the “Beyond Dreams” program earlier this month. The occasion highlighted this system’s substantive achievements in nurturing innovation and entrepreneurship since its inception in 2023.
Talent lies on the coronary heart of I&T. We will proceed to collaborate, uphold an progressive spirit, pursue ongoing exploration, and work collectively to construct Hong Kong into a world I&T hub, contributing to the nation’s highquality growth.
Sunny Chai Ngai-chiu
Chairman of Hong Kong Science and Technology Parks Corporation
The program has demonstrated tangible affect by three initiatives: the China Booster Program, which emphasizes startups’ provide chain and market growth; the China Resources x HKSTP Ideation Program, targeted on expertise commercialization; and the Hong Kong Student Internship Program, geared toward I&T talent cultivation.
In his keynote speech, Sun Dong, secretary for innovation, expertise and business of Hong Kong, thanked HKSTP and China Resources Group for organizing the packages and expressed hope that they are going to proceed to supply extra alternatives for younger individuals to know Hong Kong’s I&T ecosystem.
Sunny Chai Ngai-chiu, chairman of HKSTP, mentioned the “Beyond Dreams” program gives all-round help to native I&T talent, from internships and entrepreneurship steering to incubation and market entry. “Talent lies at the heart of I&T. We will continue to collaborate, uphold an innovative spirit, pursue ongoing exploration, and work together to build Hong Kong into an international I&T hub, contributing to the nation’s high-quality development,” he mentioned.
Wang Cuijun, normal supervisor of China Resources Group, mentioned that by the “Beyond Dreams” program, China Resources Group and HKSTP help Hong Kong youth in innovation and entrepreneurship, fostering a collaborative innovation ecosystem involving authorities, enterprises, parks, academia, and capital.
“We focus on talent cultivation, industrial upgrading, and Greater Bay Area synergy to promote the transformation of scientific research outcomes, facilitate the complementary advantages between Hong Kong and the Chinese mainland, and contribute the strength of a central Stateowned enterprise to Hong Kong’s integration into the national development agenda and the realization of technological self-reliance and self-strengthening,” he mentioned.
Vidi Labs, one of many program contributors, is a synthetic intelligence startup specializing in pc imaginative and prescient options to enhance accessibility for the visually impaired and the aged. Its flagship product, Seekr, is a wearable gadget that makes use of proprietary algorithms and augmented actuality to acknowledge objects and textual content, present navigation and help a number of languages.
Turzo Bose, co-founder and CEO of Vidi Labs, mentioned, “The China Booster Program helps us to understand the supply chain dynamics in the mainland, and then to connect with manufacturing partners and reliable distributors, and this is important because the mainland market is very big.” He added that this system additionally helps broaden Seekr into the tourism business by working with completely different companions, and explores extra use circumstances resembling procuring help in procuring malls or supermarkets.
Bose mentioned that China Resources is a vital accomplice with its actual property, supermarkets and shopping center retail companies providing situations for the expanded use of Seekr.
Derek Chim, head of startup ecosystem and growth of HKSTP, mentioned, “For cultivating competitiveness, startups need to know the positioning and clientele base of their products or technologies as well as maintain the cost advantage through access to the mainland’s supply chain.” He added that value benefit will not be the only consider figuring out competitiveness. The China Booster Program additionally focuses on elevating product requirements and high quality by business connections and workshops.
The China Resources x HKSTP Ideation Program entails business exchanges, workshops, and scenariobased validation, serving to startups outline the issues, take a look at their applied sciences’ market potential, and broaden their attain.
To date, this system has attracted 125 startups. The first batch of 13 startups have been efficiently admitted into HKSTP’s incubation program for expertise commercialization.
CyberPAV, a participant within the China Resources x HKSTP Ideation Program, applies its proprietary protecting layer to boost street security.
Its answer considerably improves skid resistance, reduces noise, and gives sturdy sealing for highways — successfully addressing a key security hazard whereas decreasing the carbon footprint. Xu Zijun, co-founder and CEO of CyberPAV, mentioned the corporate seems to be past a single product.
“We plan to cultivate a range of innovations, turning lab ideas into realworld applications to build a futurefocused unicorn in smart road technology,” he mentioned.
Over the previous two years, the Hong Kong Student Internship Program has supported over 400 proficient younger individuals interning at over 200 firms throughout the Hong Kong Science Park’s I&T ecosystem.
Justin Au, a gross sales engineer at a tech firm in Science Park, mentioned that as a participant, this system has broadened his horizons relating to speedy technological growth on the mainland. “I think Hong Kong has many development opportunities in the I&T industry because of the city’s proximity to other GBA areas,” he mentioned.
Fanny Wong, chief talent officer of HKSTP, mentioned, “The program has enabled numerous startups to secure pilot projects and resources in the Greater Bay Area, fostered cross-border talent development, and enhanced the complementary innovation and technology strengths of Hong Kong and the mainland — all of which have injected sustained energy into Hong Kong’s I&T ecosystem.” She added, “We also hope the initiative will contribute toward the national 15th Five-Year Plan’s (2026- 30) goal of deepening the integration of innovation and technology, manufacturing, and talent.” Wong mentioned that HKSTP seems to be ahead to strengthening cooperation and leveraging the sources of China Resources to deepen talent integration, create extra utility situations and advance the commercialization of expertise.
Innovation & Technology Special