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New Tech Portal to Connect Researchers with Investors

Hong Kong has launched a new tech website aimed at monetising local research successes as part of its initiative to boost innovation and use the platform to connect with investors on the mainland.The website launched by the Innovation and Technology Commission will showcase a collection of 360 pieces of work from six local universities and research houses, with an aim to facilitate commercialisation and technology transfer to the industry.

The website will act as three-way bridge connecting local universities, research institutions and the industry, helping them further develop their strategy while monetising the results. Mainland enterprises can get a better understanding of the results of Hong Kong’s innovation through the site, thereby strengthening cooperation.

The portal is part of a wider scheme, InnoHK, that the government has put in place to promote the city as an innovation hub, with HK$10 billion allocated to the initiative.

Beijing has also earmarked Hong Kong as a strategic Innovation hub in its 14th five-year development plan, a blueprint that sets the tone for the nation’s direction every half decade.

Hong Kong has been given a place in the Greater Bay Area initiative, where it joins Macau and nine other neighboring cities in a bid to be transformed into China’s answer to Silicon Valley in the United States. 

Hong Kong’s strength derived from its academics who took an interest in a wide spectrum of fields.  An academic specialising in bio-robotics and engineering by trade, Sun vows to enhance the ecosystem of the innovation sector, develop new talent, transform Hong Kong into a smart city and deepen cooperation with the mainland. 

The intention is to expand the website by later incorporating results from the government’s other tech initiatives-such as Health@Inno HK, specialising in health tech, and AIR@Inno HK, focusing on artificial intelligence. The website was a good tool for investors and academics because all research was consolidated into one platform.  The business sector is always interested in what new research universities are conducting, the website is definitely useful for pinpointing specific target.

Looking ahead the government needs to address technology transfer more and play the role of an active facilitator to push commercialization and support business corporations.

Mark Geary is Chief Executive Officer of Asianet Consultants,  a specialist executive search company with over 30 years of experience helping companies to find best people quickly and cost effectively. 

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