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HKSTP Expands Global Tech Ecosystem

Image Credits: HKSTP, Press Release
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The Hong Kong Science and Technology Parks Corporation (HKSTP) has collaborated with an organisation that provides a platform of programs and initiatives aimed at creating one global entrepreneurial ecosystem on a mission to facilitate tech innovators’ access to global growth opportunities while extending Hong Kong’s tech innovation ecosystem to the organisation’s network of 200 markets worldwide.

The organisation is a global community dedicated to fostering cross-border cooperation among tech entrepreneurs, investors, researchers, policymakers, and entrepreneurial support organisations and aims to simplify the process of launching and scaling tech businesses across the globe.

In July 2023, a Memorandum of Understanding (MoU) was signed between the organisation’s Founder and the President and Chairman of HKSTP. It committed both parties to support entrepreneurship in ASEAN countries. To expedite this partnership, HKSTP led a delegation to the organisation’s Global Entrepreneurship Congress 2023 in Melbourne, comprising emerging tech startups and business leaders from Hong Kong.

The delegation represented Hong Kong’s innovation and technology (I&T) ecosystem and explored collaboration prospects with their the organisation counterparts across the globe. This infusion of new talent and tech ventures further reinforces Hong Kong’s ambition to become an international I&T hub, offering opportunities for tech innovators worldwide.

The Chief Corporate Development Officer of HKSTP stated that the Park is strongly committed to elevating collaboration with the worldwide tech innovation community within the framework of its partnership with the organisation. Entrepreneurs globally confront shared obstacles when progressing from the startup phase to scaling their ventures.

Entrepreneurs globally confront shared obstacles when progressing from the startup phase to scaling their ventures. Hong Kong’s exceptional, cohesive innovation ecosystem grants them access to worldwide opportunities in terms of funding, research and development, talent, and market entry. The shared vision revolves around nurturing global innovation and broadening their individual ecosystems to attain unprecedented levels of achievement.

The collaboration between HKSTP and the organisation entails mutual exchange programs and activities aimed at promoting cross-border and cross-sector collaboration, with a specific focus on tech sectors such as Green Tech, Life Sciences, Advanced Manufacturing, SmartCity, Mobility, AI, and Fintech. The organisation’s annual flagship events, including Global Entrepreneurship Week and the Global Entrepreneurship Congress, offer ideal platforms for extending Hong Kong’s I&T ecosystem into new markets.

The delegation engaged with representatives from the Australian startup community, universities, government bodies, and tech investors to further explore tech-related business and collaboration opportunities. Furthermore, the delegation shared experiences and exchanged ideas with Australian tech ventures interested in gaining insights into and exploring the Hong Kong tech market.

HKSTP also introduced its Market Discovery Programme in Hong Kong, specifically targeting enterprises interested in expanding into tech markets in Hong Kong, the Greater Bay Area (GBA), and mainland China. This two-day intensive programme, scheduled for early November 2023, will feature seminars, tours, and networking opportunities designed to connect tech entrepreneurs with experts, investors, corporate leaders, and successful entrepreneurs with experience in expanding their tech businesses within the region. The invitation-only program is offered free of charge, and participants will have the opportunity to experience the InnoCell smart living co-creation space at the Science Park, fostering collaboration with HKSTP’s I&T talents.

OpenGov Asia reported earlier that HKSTP and an American financial services company saw the graduation of over 100 students from the NxTEC (Next Technologist Entrepreneurial Champion) Career Launcher programme.

This highlighted the joint efforts of these organisations to address the growing demand for tech talent in Hong Kong. The graduates completed a rigorous training programme designed to secure job placements at more than 60 HKSTP partner companies. The graduation ceremony, attended by both the graduates and their employers, as well as volunteers from the American financial services company, marked a significant milestone in their journey.

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