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Image Credits: The Applied Science and Technology Research Institute (ASTRI); Press Release

Image Credits: The Applied Science and Technology Research Institute (ASTRI); Press Release

ASTRI and Cyberport partner to unleash tech potential of Hong Kong's start-ups

On 17 July 2018, the Hong Kong Applied Science and Technology Research Institute (ASTRI) and Cyberport announced that they would be partnering to foster an environment that would allow for the growth and development of Hong Kong start-ups with particular focus on innovations in Artificial Intelligence, Blockchain Applications, and other new technologies while also engaging the varied members of the tech community.

Cyberport is a digital tech community comprising over 1,000 technology companies and it partnered with ASTRI for the ‘ASTRI Technovation Day’, an event which aimed to introduce ASTRI to the Cyberport tenant companies, particularly the technology start-ups in FinTech, Blockchain, HealthTech and Artificial Intelligence (AI).

Through similar events, ASTRI hopes to develop fruitful connections with the technology start-up community and provide necessary support to them. Held yesterday at Cyberport, the ASTRI Technovation Day had a clear mission of fostering collaborations, boosting technological capabilities, sharing useful information about funding resources, and updating participants on ASTRI’s technology partnership models. Over 40 start-ups took part in the event which also included insightful sessions on Blockchain Applications, Artificial Intelligence (AI) and Data Analytics, along with a facilitated business matching session for AI and Blockchain stream start-ups.

Mr Hugh Chow, ASTRI’s Chief Executive Officer and Mr Peter Yan, the Chief Executive Officer of Cyberport talked about the common goal shared by their respective organisations – enabling Blockchain and AI stream start-ups to unleash a world of potential.

When commenting on the initiative, Mr Chow said that ASTRI hopes to provide a platform for innovation catalysts to connect with innovation drivers – helping the ecosystem to collectively maximise the impact of their endeavours through the event. Conscious that it is unusual for an R&D institution to disseminate to other technology developers, Mr Chow added, “ASTRI aims to act as a Technovation facilitator. As we all know, together we always achieve more.”

Mr Yan, CEO of Cyberport said that he was glad that Cyberport and ASTRI will be working closely together on this event that aligns with Cyberport’s key cluster focus of AI, blockchain and big data. The partnership promises to be highly beneficial to Cyberport’s tech community in gaining inspiration to enhance their product development. Cyberport’s community consists of over 1,000 digital tech companies and is keen to work with partners like ASTRI to accelerate their growth and development to create an impact on society.  “I look forward to more collaboration with ASTRI in the coming future,” he added.

ASTRI remains committed to its mission of enhancing Hong Kong’s global competitiveness with the power of technology, working as an important facilitator of Hong Kong’s I&T development. Technology start-ups play a vital role in Hong Kong’s role in its global I&T aspirations. Hong Kong not only boasts one of the most vibrant start-up ecosystems in the world but also consistently ranks at the top league of global innovation and business competitiveness rankings. ASTRI recognises its responsibility to better understand what rising technology entrepreneurs need and to share technological and funding related information that they might find useful.

Cyberport is committed to nurturing youth, start-ups, and entrepreneurs to grow in the digital industry by connecting them to strategic partners and investors, driving collaboration with local and international business partners to create new opportunities, and accelerating digital adoption amongst corporates and SME. Cyberport focuses on building key clusters of digital technology, namely FinTech, eCommerce, IoT/Wearables and Big Data/AI to foster the development of Hong Kong into a “Smart City”.  With a committed team of professionals providing all rounded value-added services to support our digital community and an array of state-of-the-art tech facilities, Cyberport is the flagship for Hong Kong’s digital tech industry.

The focus of various sessions during the ASTRI Technovation Day was on Blockchain, Artificial Intelligence, Data Analytics, Healthcare Technologies, and Cybersecurity. The event has been a collective effort from ASTRI and Cyberport as part of their common goal to cultivate talents to help turn Hong Kong’s information technology aspirations into reality, and to help build a thriving, innovation-led economy.

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