February 26, 2024

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ASTRI and CUHK Tech Transfer MoU

The Hong Kong Applied Science and Technology Research Institute (ASTRI) and The Chinese University of Hong Kong (CUHK) signed a University Technology Transfer and Collaboration Memorandum of Understanding (MoU) for the first time.

The two organisations have reached a cooperation consensus on the implementation of commercialisation strategies and a development blueprint in line with the government’s increasing innovation and technology (I&T) resources in recent years and its vision of developing Hong Kong into an international I&T centre.

The MoU enshrines collaboration between academia and research and development (R&D) centres to develop leading technologies, and leverage resources to enhance the quality of research, as well as facilitate the commercialisation process. It will help to introduce technology that is useful to the government, industry and society, supporting Hong Kong as it becomes an international smart city.

The collaboration between government agencies, the industry, academia and the R&D sector emphasises the importance of full participation and mutual support from stakeholders in the technology ecosystem. Intellectual property (IP) commercialisation is crucial for strengthening technology commercialisation. Intellectual property holding institutions can formulate rules and regulations and implement the corresponding measures necessary to maximise the economic and social benefits of their R&D outcomes.

The MoU was signed by the Chief Executive Officer of ASTRI and the Pro-Vice-Chancellor (Research) of CUHK. Under the agreement, the two will determine the ownership of R&D outcomes through their respective IP rights to boost the commercialisation of R&D projects developed by both parties and CUHK’s affiliates and shorten the research time taken by joint projects and optimise resources to increase the effectiveness of R&D commercialisation.

The close cooperation between scientific research experts from both sides will not only improve the effectiveness of R&D and generate innovative technologies but will also help cultivate R&D talents.

Meanwhile, ASTRI and CUHK or its affiliates will jointly develop a set of standardised arrangements and procedures to determine inventive contributions, ownership of research outcomes of joint projects, funding arrangement, roles and responsibilities in project execution, IP protection, and others. The respective IP rights owned by ASTRI and CUHK will allow more opportunities for technology commercialisation, help local R&D become more practical and measurable, and advance the development of re-industrialisation.

The Chairman of ASTRI stated that in recent years, the I&T ecosystem in Hong Kong has been enriched. Interactions among the government, academia, R&D centres and industry have become more mature as well. This provides the best moment for nurturing and enriching the talent pool and improving the I&T ecosystem and eco-chain of development, furthering smart city development and strengthening the city’s positioning in the Greater Bay Area collaboration.

The Chief Executive Officer of ASTRI noted that the agency is working to establish itself as a leader in research and innovation, collaborating with local universities in research and development, and facilitating commercialisation of research outcomes, while providing practical assistance to some other universities in launching more I&T products to the market.

He noted that this collaboration with CUHK marks the beginning of an era, with the hope of safeguarding the intellectual property of future R&D products, establishing a good foundation for the manufacturing and re-industrialisation process to enhance the efficacy of technological development, people’s livelihoods and the economy of Hong Kong.

The CUHK Pro-Vice-Chancellor (Research) said that the MoU between CUHK and ASTRI will bring R&D institutes and universities closer together and align with the government’s goal of promoting I&T development. He added that he hopes both CUHK and ASTRI can take advantage of patented technologies to carry out influential, innovative projects that can meet the technological needs of enterprises and society, making a major contribution to the development of Hong Kong and the Greater Bay Area.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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