14/09/2024
๐๐ก๐ ๐๐จ๐ง๐ ๐๐จ๐ง๐ ๐๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง ๐๐ข๐ฆ๐ข๐ญ๐๐ (โ๐๐๐๐โ) hosted its inaugural โHong Kong Start-up Investment and Development Summitโ on Sep 13, 2024, with the theme โEmpowering Industry Ecosystem by Capital, Igniting New Drivers for Economic Developmentโ. The Summit brought together top international talents in the I&T field from investment, industry, academia and research sectors to exchange their insights on three areas namely the pressing needs of cutting-edge technology companies to expand into the international market, the aspiration of venture capital funds to identify quality projects, and the exploration by talents of better development opportunities, with a view to collaborating with the HKIC in building the I&T ecosystem in Hong Kong. Mr Paul CHAN Mo-po, the Financial Secretary of the HKSAR Government, and Ms Clara CHAN, the Chief Executive Officer of the HKIC set the stage for the Summit by delivering keynote speeches.
๐๐ซ ๐๐๐ฎ๐ฅ ๐๐๐๐, ๐ญ๐ก๐ ๐
๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐๐๐๐ซ๐๐ญ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐๐๐ ๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ, said in his keynote speech, โAs an international financial centre, Hong Kong's strength lies in its comprehensive chain of fundraising. In recent years, we have also been vigorously promoting the development of innovation and technology. In addition to encouraging basic research, we have placed greater emphasis on the transformation and commercialisation of research outcomes, as well as new industrialisation, while actively attracting strategic enterprises and talent to settle in Hong Kong.โ
Mr Paul CHAN added, โWith the investments made and government policy support provided in recent years, Hong Kong is making good progress in establishing a vibrant innovation and technology ecosystem. However, to advance further, we must foster closer collaboration and synergistic development among the investment, industry, academic and research sectors. In the future, we aim to guide investments to accelerate the flourishing development of the entire research, entrepreneurship, and innovation ecosystem, along with the industry chain, enriching their intrinsic power, explosive potential, creativity, and momentum for growth.โ
๐๐ฌ ๐๐ฅ๐๐ซ๐ ๐๐๐๐, ๐๐๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐๐, said in her keynote speech, โThe HKIC hosted our inaugural โHong Kong Start-up Investment and Development Summitโ, bringing together the key stakeholders from the I&T field spanning investment, industry, academia and research sectors. The group contributed different perspectives and exchanged views regarding topics on I&T, entrepreneurship and start-up investment of Hong Kong, with a view to joining hands in building a vibrant ecosystem. As patient capital, the HKIC is focused on nurturing New Quality Productive Forces in Hong Kong, and acting as the bridge among various I&T sectors. With the guiding force of capital, we aim to accelerate the implementation and transformation of research and development (โR&Dโ) outcomes noting that technological R&D and application are living through a significant revolutionary period. This effort will in the long run enhance Hong Kongโs competitiveness and economic vitality.โ
Senior executives from four venture capital funds which acted as the HKICโs partners for the event also spoke at the Summit. Viewing from the lens of investors, they shared with around 400 attendees from the technology and venture capital sectors their considerations for selecting projects and the strengths of Hong Kong.
๐๐ซ ๐๐๐ฉ ๐๐๐, ๐๐จ-๐๐จ๐ฎ๐ง๐๐๐ซ & ๐๐๐ง๐๐ ๐ข๐ง๐ ๐๐๐ซ๐ญ๐ง๐๐ซ ๐จ๐ ๐๐๐ฒ๐จ๐ง๐ ๐๐๐ง๐ญ๐ฎ๐ซ๐๐ฌ, stated, โSince 2017, Beyond Ventures has been investing in start-up projects in Hong Kong, including successful cases that have gone public or been acquired. With the HKSAR Governmentโs introduction of various I&T policies, we have witnessed significant market transformation and unprecedented opportunities. R&D initiatives are now increasingly focused on commercialization. Also, high quality Mainland and international enterprises are seeking to establish a presence and raise capital in Hong Kong. We are committed to actively collaborating with the HKIC and other stakeholders to contribute to Hong Kongโs development as an international hub for finance and I&T.โ
๐๐ซ๐จ๐๐๐ฌ๐ฌ๐จ๐ซ ๐๐ข๐ง๐ ๐๐, ๐๐จ-๐๐จ๐ฎ๐ง๐๐๐ซ & ๐๐๐ซ๐ญ๐ง๐๐ซ ๐จ๐ ๐๐ซ๐ข๐ณ๐๐ง ๐๐๐ง๐ญ๐ฎ๐ซ๐๐ฌ, said, โHong Kong should fully leverage its well-educated pool of local talents and geographical advantages to drive the transformation of the service sector through technology, in addition to investing in IoT smart devices, health technology and e-mobility markets. We should discuss how to support the young peopleโs entrepreneurial dreams through innovative education and collaborative efforts between the HKIC and businesses, so that the next generation can see hope through technological innovation. Inspiration for entrepreneurship often stems from dissatisfaction with current products or services, while interest and fun are the keys to igniting studentsโ passion. We look forward to engaging everyone to infuse hope and innovation into Hong Kongโs future.โ
๐๐ซ ๐๐๐ซ๐ซ๐ฒ ๐๐๐, ๐๐๐ง๐๐ ๐ข๐ง๐ ๐๐๐ซ๐ญ๐ง๐๐ซ ๐จ๐ ๐๐๐ง๐๐ก๐ข ๐๐๐ง๐ญ๐ฎ๐ซ๐๐ฌ, stated, โAs an early-stage venture fund focusing on technology, Lanchi is dedicated to backing entrepreneurs who redefine the future with innovation. Hong Kong is crucial for our global strategy, especially in sectors like artificial intelligence, new energy, and advanced manufacturing, where Hong Kongโs role as an innovation hub has provided companies with unique market entry and access to capital. We believe that Hong Kongโs international ecosystem offers rich opportunities for venture capital funds. We are actively using this advantage to promote business growth and internationalization of companies.โ
๐๐ซ ๐๐จ๐ ๐๐๐๐, ๐๐จ-๐
๐จ๐ฎ๐ง๐๐๐ซ & ๐๐๐ซ๐ญ๐ง๐๐ซ ๐จ๐ ๐๐ข๐ง๐๐๐จ๐ซ๐ค๐ฌ ๐๐๐ฉ๐ข๐ญ๐๐ฅ, said, โTechnology will lead the future of Hong Kong. Our investment strategy fully leverages Hong Kongโs differentiating position. We have invested in over 26 technology companies with local nexus, and created thousands of jobs. We will continue to work closely with the HKIC to support Hong Kongโs journey towards a global hub for I&T.โ
The Summit invited representatives from three start-up companies to share their entrepreneurial journeys, including Shanghai GeneSense Technology Inc.,which specializes in gene sequencing technology; Emaldo Limited, which focuses on smart grids; and Ninenovo Technology (Hong Kong) Limited, which develops cutting-edge technology equipment. The speakers discussed their entrepreneurial experiences, as well as the challenges they faced and the strategies they adopted for transforming R&D outcomes into practical applications. They added that Hong Kong has a mature I&T ecosystem as well as top I&T talents. Coupled with comprehensive policy support, these advantages boost their confidence in the nurturing of New Quality Productive Forces in Hong Kong.
Looking forward, the HKIC will leverage its ability to guide and channel capital to further enhance the synergies among investment, industry, academia and research sectors, with a vision to closely collaborating with venture capital funds and start-ups to build a more vibrant I&T and entrepreneur ecosystems, bringing further impetus for Hong Kongโs economic development.