February 29, 2024

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HKSTP to roll out financial relief measures for incubatees

Further to the recent announcement of the “Anti-epidemic Fund” by the HKSAR Government covering 6-month full rental waiver for Science Park, the Industrial Estates and InnoCentre, Hong Kong Science and Technology Parks Corporation (HKSTP) recently rolled out incremental measures to alleviate the financial burden of our technology incubatees affected by the novel coronavirus outbreak.

This new round of additional financial subsidies will cover all incubatees under the three Incubation Programmes, namely Incu-App, Incu-Tech and Incu-Bio, between April to September 2020.

Around 400 incubatees will benefit from the relief measures. The funding support is capped at a total amount of HK$75,000 for each company.

The CEO of HKSTP stated that as the city’s leading incubation hub, HKSTP strives to support its incubatees in every possible way.

The Park hopes that the relief measures will enhance the financial flexibility and operational capabilities of our incubatees so that they can focus on their R&D work.

HKSTP will brave through the coronavirus epidemic together with our start-up community. It will continue to serve as the backbone for Hong Kong’s innovation and technology ecosystem and help its startups thrive.

Comprising Science Park, InnoCentre and Industrial Estates, Hong Kong Science & Technology Parks Corporation (HKSTP) is a statutory body dedicated to building a vibrant innovation and technology ecosystem to connect stakeholders, nurture technology talents, facilitate collaboration, and catalyse innovations to deliver social and economic benefits to Hong Kong and the region.

HK’s tech approach to home quarantine

The Government is also adopting a multi-tech approach to home quarantine support with the locally developed electronic wristbands as a key solution, the Innovation & Technology Bureau said on 16 March 2020.

Apart from the e-wristbands developed by the Logistics & Supply Chain MultiTech R&D Centre, other technology solutions are being introduced to complement the current monitoring system in dealing with the evolving epidemic.

Since 8 February 2020, more than 50,000 people have been put under home quarantine. With the Red Outbound Travel Alert being issued on several European and Asian countries and the US, the number of people under home quarantine will continue to rise.

The Anti-epidemic Fund has set aside $50 million for home quarantine support with the aid of technology.

So far, 5,000 reusable wristbands produced by the centre are readily available and another 60,000 disposable wristbands have been procured from the market, 5,000 of which were delivered and tested and the remaining 55,000 will be delivered in batches.

The Office of the Government Chief Information Officer has been in contact with developers to source other technology solutions that can complement the current monitoring system to enhance effectiveness.

It is collaborating with Compathnion Technology, pairing a mobile app developed by the local startup in the Science Park and a local university with the electronic wristbands to ascertain people under quarantine are staying at their dwelling places.

The mobile app helps analyse the change in communication signals with artificial intelligence and big data.

Used together with the electronic wristbands since March 14 and proven effective, the solution application will be adopted for people to be put under compulsory quarantine. In case anyone under quarantine leaves the dwelling place, the Department of Health and Police will be alerted to take follow-up action.

This solution application fits well for compulsory home quarantine as the technology is most suitable for use in an indoor environment and the wristband is waterproof, a perfect demonstration of applying local technological development for the benefit of local people.

The decision on the technologies to be used in monitoring was made on a risk-based approach.

During the quarantine period, various measures are used to ensure compliance, including real-time location sharing by people under quarantine via WhatsApp or WeChat.

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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.

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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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