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HKSTP Unveils New Roadmap to Drive I&T Impetus

Image Credits: HKSTP, Press Release

Hong Kong Science and Technology Parks Corporation (HKSTP) is approaching 20 years of driving innovation and is revealing a vision for the next stage of its innovation journey to spark new impetus in I&T and propel a new era of growth for Hong Kong. The goal is to elevate Hong Kong’s world-class I&T status based on a wave of GBA opportunities, Re-industrialisation and next-generation talent.

The unveiled new roadmap will help realise the government mission to establish world-class I&T as a pillar of Hong Kong’s next era of economic success. The CEO of HKSTP stated that the new vision will capture emerging GBA opportunities to ensure innovation translates to success, spark a future of revitalised industries and new industries, while also developing the critical skills and talent for tomorrow.

To meet new GBA growth opportunities, HKSTP is expanding its infrastructure and eco-system deeper into the GBA to accelerate region-wide development. This critical next step will unlock potential for tech ventures as they go global and also attract foreign talent and investment into the region and across Asia.

Together with the Shenzhen Innovation and Technology Zone (Shenzhen I&T Zone), this strategy will further promote I&T collaboration between Hong Kong and Shenzhen. HKSTP will capture the opportunities presented by the 14th Five-Year Plan and support the government’s drive, which reinforces the foundations for Hong Kong to become an international I&T hub. HKSTP has also established its “GBA InnoExpress” and “GBA InnoAcademy” programs to nurture start-ups, talent, provide business development and investment matching support to I&T enterprises.

HKSTP INNOPARK to spark “Innofacturing Tomorrow”

The next core component of the vision is to maximise Hong Kong’s huge R&D potential through Re-industrialisation. HKSTP is repositioning the city’s iconic industrial estates as the newly-branded “INNOPARK” in Yuen Long, Tai Po and Tseung Kwan O to fuel high-potential sectors like advanced manufacturing.

The INNOPARK will help industrialists and pioneers accelerate their research into innovation-driven manufacturing or ‘innofacturing’ and market-ready offerings in areas like advanced manufacturing. HKSTP has established eight re-industrialisation guiding principles to enable I&T-driven manufacturing.

These include output as to economic value-add contribution; investment in capital expenditure for equipment together with fit-out or building construction; high-skilled employment creation; advanced technology content or novel application in products or services; advanced process applied in the manufacturing of products or delivery of services; R&D activities and capabilities; local consumption for a stable supply chain; sustainability in terms of business, environment or resources.

The ultimate impact is three-fold: transformative INNOPARK to develop new industry and drive Hong Kong’s economic growth; transfer “made in Hong Kong” into “Innofacture in Hong Kong” and reinforce Hong Kong pride in areas like advanced manufacturing; plus create future career opportunities for the younger generation through new higher-value skills and roles. The transformation of industries will also see demand for skillsets in deep-tech segments like AI, robotics, biotech, fintech, data analytics.

Nurturing talent for the next-gen workforce

HKSTP believes talent is Hong Kong’s innovation imperative to fuel growth in the digital economy. HKSTP is assuming a strategic approach to deliver the next generation of innovators and technology pioneers.

This will create leaders, deep-tech talents and grass-roots skills to ensure a thriving talent ecosystem at all levels. The programs in place to drive this include the two-way cross-border GBA InnoAcademy and GBA InnoExpress programs to develop high-quality talent across the region.

HKSTP is also supporting the scientific and research communities with vital commercial skills that will set them up for future success. The “HKSTP Institute for Translational Research” (ITR) is being established this month in October to promote research-based entrepreneurship, equip researchers and scientists with the entrepreneurial skills they need to transform promising research into action and impactful innovation. ITR also aims to expedite the often-lengthy translation of biomedical technologies into genuine benefit for the public and ultimately establish Hong Kong as a preeminent hub for translational research and development.

HKSTP is investing heavily into partnerships and collaboration to maximise the power of integration in driving seamless cross-border, cross-industry, cross-community engagement. HKSTP is committed to creating a world-class hub where talent flourishes, where innovations are found and where the future is created, for Hong Kong and the world.

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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.

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