February 24, 2024

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HKU tech start-ups receive massive support

Image Credits: HKU, Press Release

The Technology Transfer Office (TTO) of the University of Hong Kong (HKU) announced during a recent ceremony that 25 HKU start-up companies have received funding support under the 2019/2020 Technology Start-up Support Scheme for Universities (the TSSSU@HKU).

The Technology Transfer Office (TTO) manages the use of the intellectual property assets of the University of Hong Kong (HKU) by providing patenting, licensing, and other commercialization support to the University’s researchers.

Acting as the bridge linking HKU to society in the area of technology commercialization, TTO facilitates industries and businesses to access HKU’s powerhouse of knowledge, innovation, and expertise through close collaboration.

In addition to the announcement by the TTo, iDendron, of HKU Innovation & Entrepreneurship Hub, has also launched the iDendron Incubation Programme (iIP) to support and incubate HKU Early-Stage Start-ups.

TSSSU@HKU is an award scheme that provides funding support to technology start-up companies formed by HKU members. The award scheme leverages on “Technology Start-up Support Scheme for Universities” (TSSSU), a funding scheme provided by the Innovation and Technology Commission (ITC) for six local universities, under which each university receive annual funding of up to HK$8 million to subsidize technology start-ups.

The 25 start-ups companies awarded are formed by HKU professors, students and alumni. Each start-up receives annual funding of up to HK$1.5 million for a maximum of three years to support basic expense including company establishment and operations, research and development, publicity and commercialisation, and sale of products and services.

The announcement to launch the iDendron Incubation Programme was also made on the occasion. The launch of iIP marks iDendron’s commitment to contribute to and build a more mature start-up ecosystem.

Launched in 2017, iDendron, HKU Innovation & Entrepreneurship Hub aims to nurture entrepreneurial and innovative spirit on campus, incubating HKU early-stage start-ups, establishing interdisciplinary cooperation and engaging the community to support human endeavours and social developments.

The rigorous six-month programme aims to boost early-stage start-ups through intensive mentor engagement, build investor relations and maximize exposure. A total of 12 start-ups have been selected to participate in the first cohort. The companies will be equipped with first-hand market intelligence, supported by industry specialists and investors, as well as entrepreneurial resources from the university and its network.

It was noted that HKU has supported 48 start-ups since the launch of TSSSU@HKU in 2014 with the strong support from HK Government. Among them, 9 companies were admitted to Cyberport as incubatees and 15 were admitted to the corresponding programme at the HKSTP.

This year the university also had a co-assessment with HKSTP. These results are a strong testimonial to the core value of TSSSU@HKU as the steppingstone for our start-ups to connect with other HK start-up ecosystems and thrive.

Meanwhile, the newly launched iDendron Incubation Program will be the cradle of successful HKU start-ups. The participating companies will gear up with first-hand market intelligence, industry and investor relations, as well as support and entrepreneurial resources from the HKU and its network, according to the Director of Technology Transfer Office of HKU.

The programme lines up 21 mentors to provide advice and guidance. They include HKU scholars and professors, entrepreneurs, venture capitalists, industry experts, and incubators and accelerators.

Incubatees are required to fulfil milestone requirements under various criteria including business and product development, customer traction and market reputation, talents development, fundraising performance, community engagement within specified timeframe during the programme.

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.

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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.

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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