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Hong Kong’s ASTRI partners with HKSTP and Molecular Hub to organise Blockchain Accelerator Programme for start-ups

Applied Science and Technology Research Institute (ASTRI) announced that it will be partnering with the Hong Kong Science and Technology Parks Corporation (HKSTP) and Molecular Hub, to launch a Blockchain-focused accelerator programme for start-ups. The programme was launched on Friday, 13 July 2018, in a ceremony held at Hong Kong Science Park.

The first-of-its-kind in Hong Kong, the programme focuses exclusively on Blockchain technology development and also other applications such as Smart City solutions. ASTRI, a key partner, will build and enhance the technological know-how and capabilities of the participating start-ups, providing them with Blockchain-related training and will provide vital support to the participating start-ups. The start-ups will also be able to leverage ASTRI’s R&D infrastructure by accessing the facilities of the Smart City Innovation Centre operated by ASTRI.

In collaboration with industry leaders, the programme will offer the start-ups helpful guidance on how to commercialise their ideas.

Dr David Chung Wai-keung, JP, Under Secretary for Innovation and Technology of the Hong Kong SAR Government, was one of the officiating guests at the programme’s launch. Highlighting the SAR Government’s determination to position Hong Kong as a global innovation hub, Dr Chung said that since its establishment in 2015, the Government’s Innovation and Technology Bureau has invested significantly to I&T development. Investments as large as HK$ 78 billion. Dr Chung added that the Government’s support of the development of I&T includes many different areas of technologies and applications with particular emphasis on Financial Technologies, Artificial Intelligence and Robotics, as well as Healthcare technologies.

Other dignitaries present at the event included: the Honourable Dr Elizabeth Quat, BBS, JP – Member of the HKSAR Legislative Council, as well as senior leaders from HKSTP, ASTRI, Molecular Hub, leading investment and venture capital firms, prominent FinTech firms and other technology companies.

Dr MeiKei Leong, ASTRI’s Chief Technology Officer, commented, “ASTRI is the largest government-funded applied R&D institute in Hong Kong, focusing on Information and Communications Technology. We have a strong track record of commercialising innovative technological solutions in Smart City, FinTech, AI + Robotics and Health Technologies. Through this partnership, we look forward to working with HKSTP and Molecular Hub to provide support to start-ups, aiming to accelerate the development of I&T in Hong Kong and beyond.”

The Hong Kong Applied Science and Technology Research Institute Company Limited (ASTRI) was founded by the Government of the Hong Kong Special Administrative Region in 2000 with the mission of enhancing Hong Kong’s competitiveness in technology-based industries through applied research. ASTRI’s core R&D competencies in various areas are organised under seven Technology Divisions, namely Communications Technologies, Electronics Components, Mixed Signal Systems IC, Advanced Digital Systems, Opto-electronics, Security and Data Sciences, and Intelligent Software and Systems. Five areas of applications including financial technologies, intelligent manufacturing, next generation network, health technologies, and smart city are identified for major pursuit.

Mr George Tee, Chief Technology Officer of HKSTP, said, “Blockchain technology has enormous potential for use and can be applied into various industries and in many various ways – from compliance, to finance and operations.”

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.

The other partner in the programme, Molecular Hub will help the start-ups to explore and tap into Blockchain-related opportunities along the Belt-and-Road markets including China.

 

The programme focuses exclusively on Blockchain technology development and also other applications such as Smart City solutions. The programme plans to start its worldwide recruitment in August, with the official launch expected to take place in November 2018.

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