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Hong Kong Baptist University (HKBU) and the Chinese Manufacturers’ Association of Hong Kong (CMA) signed a Memorandum of Understanding (MoU) that aims to propel innovation and technology development in Hong Kong, with a specific emphasis on advancing green and life science technologies. The overarching goal is to create a robust framework for collaborative research and facilitate the seamless transfer of knowledge between academia and industry.
At the core of this university-industry partnership lies a commitment to fostering progress in key areas such as green finance, carbon neutrality, biotechnology, property technology, and sustainability. By pooling their resources and expertise, HKBU and CMA aim to tackle innovation challenges faced by these industries head-on.
Central to their approach is the sharing of cutting-edge technological updates emanating from the research community and dynamic start-ups. The collaboration extends beyond the academic realm, with both parties actively exploring potential opportunities for business matching, commercialisation, and collaborative research initiatives.
The MoU was inked by Professor Terence Lau, serving as the Interim Chief Innovation Officer of HKBU, and Mr. Ralph Chow, the Chief Executive Officer of CMA. Several distinguished figures from HKBU the CMA were in attendance.
The President and Vice-Chancellor of HKBU articulated HKBU’s strong support for translational research. He provided insights into ongoing initiatives, notably the establishment of a Chinese medicine translational centre at the Hong Kong Science Park.
This centre, grounded in the foundations of Chinese medicine, is envisioned as a hub for technology development and demonstration, facilitating innovative and translational projects related to health. These initiatives, Professor Wai emphasised, align with HKBU’s broader commitment to innovation and entrepreneurial development.
The President of CMA highlighted the practical benefits of establishing closer ties between HKBU’s research team and industries. He emphasised that such collaboration enables the prompt dissemination of research outcomes to the industry, providing an avenue for industry matching and collaborative research opportunities.
Furthermore, industries can share their challenges and pain points encountered during the innovation and transformation process with HKBU researchers. This reciprocal exchange ensures that research efforts closely align with the technological development trends and market demands of different industries, enhancing efficiency and competitiveness.
The collaborative venture between HKBU and CMA goes beyond the confines of traditional academic-industry relationships. It represents a dynamic and forward-thinking approach to addressing the complex challenges and opportunities presented by the evolving landscape of innovation and technology.
By leveraging their collective strengths, the partners aspire to contribute significantly to the advancement of Hong Kong’s industrial and commercial landscape. The MOU sets the stage for a multifaceted collaboration that encompasses research, technology transfer, and knowledge dissemination.
Looking ahead, the partnership envisions a series of engagements in green finance, carbon neutrality, biotechnology, property technology, and sustainability. The collaborative research agenda will be informed by the latest technological advancements and market dynamics, ensuring that the efforts of HKBU and CMA remain at the forefront of industry needs.
As part of their commitment to knowledge transfer, the partners plan to use their extensive promotion channels and networks to share market insights, knowledge, and technology trends. Seminars and forums will serve as platforms for fostering a vibrant exchange of ideas and facilitating meaningful connections between academia and industry.
The MOU between HKBU and CMA marks the beginning of an exciting chapter in the realms of innovation and technology development in Hong Kong. The partnership not only underscores the commitment of both entities to push the boundaries of knowledge but also exemplifies the potential for academia and industry to collaborate synergistically for the greater good of society. As they embark on this journey together, HKBU and CMA stand poised to make significant contributions to the thriving ecosystem of innovation, entrepreneurship, and sustainable development in Hong Kong.
