February 24, 2024

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Enabling Innovation Through VR

Hong Kong Virtual Reality Application
Image Credits: HKSAR Government Website, Press Release

The team at the information technology company of a renowned local entrepreneur has been hard at work developing a virtual reality application that enables designers and their clients to walk through different versions of their home or office without having to physically move a single piece of furniture.

From the colour of the walls to the style of fixtures and fittings, the app caters to all personal tastes and design ideas.

The company has customers who are interior designers or furniture retailers. The virtual reality application brings their sketches to life. Designers in the past needed weeks to produce sketches. Now they can make designs instantly.

Up to 40% of the application was developed at Smart-Space 8 in Tsuen Wan, Cyberport’s first co-working space outside its main Pok Fu Lam campus.

Cyberport provides funding that helps to lower expenses. In addition, the firm can hold seminars here with a rental fee that is much lower than the market price.

The 20,000 sq ft space launched last year was specifically designed with young entrepreneurs in mind and provides workshops and seminars for startups.

For companies that wish to join the Smart-Space 8 community, one of its founders must be aged between 18 and 35 and the company itself should not have been in operation for longer than seven years.

Smart-Space 8 users are entitled to comprehensive entrepreneurial support and value-added services to accelerate their businesses such as the Cyberport Creative Micro Fund and Cyberport Incubation Programme.

Cyberport may be expanding beyond Pok Fu Lam, but some entrepreneurs, like the CEO of a local agriculture technology company, have opted to stay at the home campus because of the incentives available.

He noted that the business network in Cyberport is unique. There are so many start-ups who are encouraged to learn from each other.

The CEO’s company sells vegetables from an indoor farm to local supermarkets and is now exploring the overseas market. He credits the vibrant community and ecosystem at Cyberport for building up his business.

Traditional agriculture comes with a host of problems and the efficiency of Hong Kong’s agriculture industry is relatively low. This is why the firm is looking into indoor agriculture as they want to grow plants in industrial buildings.

When the CEO joined the Cyberport Incubation Programme, his firm was offered two years of rent reduction. But more importantly, space is a one-of-a-kind ecosystem where his team can brainstorm ideas and continue to innovate.

Other start-up owners share the same sentiment. CEO and founder of another local information technology company noted that as a public body, Cyberport offers a lot of support and rents are more stable. His firm has been here since they first started up. In addition, his colleagues are familiar with this environment and the atmosphere is good for innovation.

Hong Kong is a Digital Tech Innovation Hotbed

InvestHK found that Hong Kong’s start-up and FinTech ecosystem has rapidly and steeply risen in the last few years; the region’s renowned spirit of enterprise and its boundless energy create the perfect environment for starting a business, according to an earlier OpenGov Asia report.

This is supported by a strong network of incubators and accelerators, a pool of experienced angels and venture capitalists, a host of government-backed programmes and a welcoming community of start-ups, knit together by dozens of networking events, seminars and associations.

Hong Kong has several factors which draw investors and tech talent to the region; Hong Kong’s tech ecosystem is benefitted by its geographical location, its simple tax system and low tax rate, the free flow of information, and its free port status.

With Cyberport and HKSTP acting as technological hotbeds, Hong Kong is poised for continued growth and development, thereby enabling the region to achieve more of its smart city goals.

PARTNER

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.

PARTNER

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.

PARTNER

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.

SUPPORTING ORGANISATION

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.

PARTNER

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. 

PARTNER

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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