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Fostering Industry-Academic Collaboration for a Sustainable GBA

Image Credits: PolyU, Press Release

The Hong Kong Polytechnic University (PolyU) and a leading property developer based in Hong Kong signed a Memorandum of Understanding (MoU) to strengthen research collaboration among industry, academia and research organisations to drive innovative solutions for sustainable development of the Greater Bay Area (GBA).

The partnership leverages the combined strengths and experience of PolyU in interdisciplinary research with that of the company in property and community development. The MoU sets out a framework for both parties to conduct three pilot research projects to explore innovative solutions and technology applications to help achieve the goals of carbon neutrality, an inclusive society and a green economy.

Through this industry-academia collaboration, the company and PolyU will develop new technology and systems to reduce carbon emissions and energy consumption in a next-generation data centre, explore new types of intergenerational housing for future Hong Kong community settlements in the GBA, and experiment with the use of blockchain technology in promoting green economy.

Witnessed by the Executive Director and CEO of the company, the Executive Director and COO of the company, the Deputy Council Chairman of PolyU, and the President of PolyU. The MoU was signed by the Deputy CFO of the company and the Deputy President and Provost of PolyU.

The Executive Director and CEO of the company stated that joint efforts across industries are essential to achieving carbon neutrality by 2050. The signing of this Memorandum of Understanding is a step forward in fostering business collaboration with academia and research organisations in order to pioneer innovative technological solutions.

Meanwhile, the President of PolyU stated that this industry-academic collaboration will see PolyU and the company working together to create solutions for major sustainability challenges including energy consumption, climate change, an ageing population and the adoption of green behaviour.

The University will continue to deepen its collaboration with key partners and stakeholders in society to proactively translate research outcomes into real-world solutions to foster more liveable and sustainable communities in Hong Kong, the Nation and the world.

Under the MoU, the company and PolyU will also continue to explore cooperation opportunities in areas including support to start-ups and entrepreneurship, application and commercialisation of new technologies, environmental, social and governance strategy and measurement, and carbon neutrality.

In 20201, the global green technology and sustainability market size was valued at US$11.49 billion in 2021. The market is projected to grow from US$13.76 billion in 2022 to US$51.09 billion by 2029, at a CAGR of 20.6% during the forecast period. Analysis indicates that the market showed an average growth of 19.8% in 2020 as compared to 2019.

The solutions and services being developed are rolled out across various applications including green building, crop monitoring, air and water pollution monitoring, and carbon footprint management.

This market’s potential is expected to spike rapidly in developing economies and emerging markets in the coming years. Innovators across the globe are likely to capture market share for their own green technologies. To capture the addressable market, more international and domestic venture capital (VC) will be required to ramp up R&D spending and drive innovation in the market.

Recently, PolyU signed a Memorandum of Understanding (MoU) with a Hong Kong-headquartered artificial intelligence company to collaborate on research and development related to metaverse technologies and autonomous driving applications. The partnership will focus on the research and development of metaverse tech and autonomous driving applications and will work together to strengthen research and development capabilities in AI-related technologies.

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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.

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.

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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.