February 29, 2024

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Hong Kong: Tech Innovations and Sustainable Pathways

The StartmeupHK Festival 2023 concluded with a display of tech innovation, sustainability and global collaboration, cementing its status as a catalyst for propelling startups into an era of limitless opportunities. Hosted by Invest Hong Kong (InvestHK), the festival attracted over 12,000 in-person attendees and an additional 16,000 online viewers from 85 countries and territories, encompassing industry leaders, tech enthusiasts, investors, and governmental figures.

Image credits: InvestHK website, news

Under the banner of “A Future Unlimited,” the festival brought together speakers and facilitated one-to-one meetings, fostering collaborations and exploring growth avenues for startups with potential partners and investors.

The presence of senior government officials highlighted the Hong Kong Special Administrative Region (HKSAR) Government’s commitment to fortifying the city’s ecosystem through proactive measures and established funding schemes.

At Game On! 2023, the Acting Financial Secretary, Mr Michael Wong, applauded Hong Kong’s burgeoning startup community, citing significant growth in startup numbers and employment figures, showcasing the city’s potential to nurture these ventures.

Professor Sun Dong, the HKSAR Government Secretary for Innovation, Technology, and Industry, reinforced the government’s dedication to bolstering Hong Kong as an international innovation hub. This commitment was echoed by Ms Alpha Lau, Director-General of Investment Promotion at InvestHK, emphasising Hong Kong’s resilience and the government’s strategic initiatives to attract global talent and capital.

While spanning diverse tech domains like web3, healthtech, proptech, greentech, and AI, sustainability emerged as a central theme across the festival’s discourse. Visionaries and experts converged to underscore the need to integrate sustainable practices into business models.

Mr Bernard Chan, Chairman of Our Hong Kong Foundation, stressed the importance of sustainable business practices, advocating for collaboration within the region to achieve this goal. Panel discussions resonated with the unanimous sentiment that sustainability is not just an option but an essential facet of future success.

From the potential of generative AI in healthcare by Dr Frank Pun to insights about the colossal impact of web3 by Mr Jirayut Srupsrisopa, the discussions illuminated the trajectory of technological advancements and their transformative role in shaping Hong Kong’s future.

The festival was not just about discourse; it provided a platform for startups to shine. Pitching competitions like the Startup World Cup Asia Finale showcased innovative ventures like i2cool and Allegrow Biotech, representing Hong Kong’s prowess in green technology and biotech respectively.

Moreover, the festival’s unique events, such as investor-matching sessions on a Ferris Wheel and exclusive business matching at JUMPSTARTER 2023 Tech by The Harbour, underscored the innovative spirit driving connections and collaborations in unprecedented ways.

The StartmeupHK Festival 2023 has left a mark on the global startup landscape, especially in Hong Kong. Its influence resonates strongly, underscoring the city’s status as a vibrant hub where innovation flourishes, fostering an environment conducive to entrepreneurial pursuits.

This event played a pivotal role in showcasing ideas and nurturing and sustaining the spirit of innovation. Its momentum is poised to fuel sustained growth, fostering an environment where innovations continue to flourish.

Hong Kong aspires to become a prominent regional digital hub and is dedicated to nurturing both local talent and burgeoning startups. OpenGov Asia reported that the Bright Future Engineering Talent Hub (the Hub) at the City University of Hong Kong held the STEM Challenge and Summer Research Internship Presentation, drawing the participation of approximately 100 secondary students and representatives from educational institutions.

The Hub has been instrumental in organising diverse STEM activities, encompassing a Summer Research Internship, a STEM Carnival, a Student Project Exhibition and the STEM Challenge. These initiatives collectively aim to nurture young talent for the ever-evolving engineering industry and propagate STEM education. Over the past two years, the Hub has successfully engaged more than 1,600 secondary students in these activities. Various distinguished personalities were in attendance.

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.

PARTNER

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.

PARTNER

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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