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The Hong Kong Science and Technology Parks Corporation (HKSTP) stands as a beacon of innovation in the heart of Hong Kong, driving the region towards a future fueled by technology and entrepreneurship. Established in 2001 with a vision to create a thriving ecosystem for innovation and technology (I&T), HKSTP has since become a cornerstone of Hong Kong’s economic revitalization efforts.
At the helm of this transformative endeavor is a commitment to nurturing talent, accelerating innovation, and commercializing breakthrough technologies. Through strategic investments totaling over US$19.1 billion between 2017 and 2022, the Hong Kong government has positioned HKSTP as a catalyst for economic growth and technological advancement.
Central to HKSTP’s mission is the Hong Kong Science Park, a dynamic hub of creativity and collaboration spanning 22 hectares in Pak Shek Kok. Here, over 1,700 companies from 27 different countries and regions converge, fostering a vibrant ecosystem of innovation. From cutting-edge research in health tech, AI, and robotics to breakthroughs in fintech and smart city technologies, the Science Park serves as a melting pot of ideas and expertise.
Talking about the support that tech companies & startups get at HKSTP, Dr H.L. Yiu, Chief Corporate Development officer, said, “In the journey of developing new industries and technologies, startups often face hurdles transitioning from conceptual ideas to tangible products. While securing initial proof of concept and investment is crucial, the real challenge lies in ensuring manufacturability—addressing reliability, quality, and cost.”
“Many startups falter at this stage due to the lack of support for transitioning to production. To bridge this gap, HKSTP offers comprehensive support programs and facilities, from laboratory resources for proof of concept to pilot production facilities. Our extensive investment and membership networks further bolster startups, ensuring they have the resources and expertise needed to thrive in Hong Kong’s burgeoning tech landscape,” he added.
Global Impact: InnoCell and International Collaborations
HKSTP’s reach extends far beyond the borders of Hong Kong. With the establishment of InnoCell, a smart living and co-creation space, HKSTP welcomes companies from around the globe, offering a range of amenities and facilities designed to support their growth and development. As plans to expand the Science Park take shape, the vision for HKSTP’s future is one of boundless possibilities and unlimited potential.
At the heart of HKSTP’s success lies a commitment to partnership and collaboration. By forging alliances with companies worldwide and hosting flagship events like the Elevator Pitch Competition (EPiC), HKSTP provides startups with the platform and resources they need to thrive. From securing investment to fostering international connections, HKSTP empowers startups to realize their dreams and drive positive change on a global scale.
For startups and tech companies, being based at the Hong Kong Science Park (HKSTP) isn’t just about having a physical space to work—it’s about being part of a dynamic ecosystem that fosters innovation, collaboration, and growth. As a key hub for research and development (R&D), HKSTP provides startups with a multitude of resources and support to help them develop their businesses and bring their ideas to life.
AsiaTechDaily had the opportunity to meet some of the most intriguing startups thriving within the vibrant community of HKSTP. These startups are pushing the boundaries of technology and driving positive change in their respective industries. Here are just a few of the innovative ventures making waves at HKSTP:
Spotlight on HKSTP’s Innovative Ventures: Aerosim, GoGoChart, and AI Guided
Aerosim (HK) Ltd., led by Managing Director Mattis Tsang, epitomizes innovation in aviation education. Established in 2017 and based at the HKSTP, Aerosim specializes in developing advanced flight simulators and autonomous learning solutions. With a mission to make air travel safer, Aerosim’s technology reduces physical training hours by 30 to 50 percent, lowering costs and barriers to entry into the aviation sector. Tsang’s passion for aviation, coupled with his experiences as a pilot and educator, drives Aerosim’s global ambitions.
Through strategic partnerships and innovative design, Aerosim is not only shaping the future of aviation training but also expanding opportunities for STEM education in schools. In 2019, Aerosim unveiled its first simulator, offering users a lifelike experience of flight operations. Hong Kong’s conducive environment and proximity to global markets have further fueled Aerosim’s growth and success.
GoGoChart stands at the forefront of digital marketing innovation, offering adaptive solutions that transcend borders and transform the marketing landscape. Since its inception in 2016, the company has propelled over 2,000 brands across more than 60 countries towards success through its comprehensive digital marketing services. With a commitment to excellence, GoGoChart has garnered trust from a diverse range of clients, including Fortune 500 companies, blue-chip listed firms, and SMEs spanning finance, consumer goods, e-commerce, and gaming sectors.
The accolades speak volumes about GoGoChart’s industry leadership and innovation. Recognized as the winner of the 2019 Hong Kong Technology Fast and Rising Star Program by Deloitte and the recipient of the Best Use of Mobile Online Campaign by Interactive Advertising Bureau Hong Kong (iAB HK) in 2021, GoGoChart has consistently proven its prowess in the digital marketing arena. Additionally, its affiliation with The Association of Accredited Advertising Agencies underscores its commitment to excellence and industry standards.
Headquartered in Hong Kong, GoGoChart operates with a global perspective, with regional teams strategically positioned in the Philippines and mainland China. This geographic reach enables the company to provide tailored, localized solutions to clients worldwide. Backed by Cyberport’s prestigious incubator program, GoGoChart has emerged as one of the most acclaimed agencies in Hong Kong, cementing its position as a leading force in the ever-evolving realm of digital marketing.
AI Guided, a pioneering technology startup founded in 2020 in Hong Kong, has quickly established itself as a leader in the field of artificial intelligence (AI) and assistive technology. Born out of the incubation program at Hong Kong Science Park, AI Guided specializes in AI, haptic-reflex actuation, and environmental visualization, with a particular focus on applications for smart cities, social connectivity, and social welfare.
Driven by a mission to improve the lives of the visually impaired and the elderly, AI Guided is developing high-tech assistive platforms and portable devices that leverage AI to enhance accessibility and independence. Inspired by a firsthand observation of the challenges faced by visually impaired individuals navigating public spaces, AI Guided’s founders were motivated to create solutions that address real-world needs.
At the helm of AI Guided is Dr. Florence Chan, a seasoned expert with over 8 years of experience in R&D, lean production, manufacturing, and automation. With a background in biomedical engineering, mechatronic engineering, and environmental engineering, Dr. Chan brings a wealth of expertise to the development of innovative assistive technologies.
The company’s dedication to excellence and innovation has been recognized with prestigious awards, including the Gold Award at the FITMI 2023 Asia International Innovation Invention Award Competition and Exhibition. Furthermore, AI Guided’s collaboration with the Zhu Hai government highlights the company’s commitment to leveraging deep technology for the betterment of communities, earning extensive support and recognition from government authorities.
Sambo Group Technology Ltd. and RaSpect Inspection: Driving Innovation in Sustainable Solutions
Founded in July 2016 by Robert Ko, Prof. John Xin, and Dr. Jackie Lu, Sambo Group Technology Ltd. emerged as a pioneering startup in Hong Kong, driven by a vision to develop active green technology. Leveraging their expertise and a strong technological foundation, the company focused on creating active functional agents and solutions aimed at enhancing living health quality and environmental preservation. Sambo’s goal was ambitious yet clear, encompassing a range of functionalities from anti-bacterial properties to insect repellence. By November 2017, bolstered by its technological prowess and intellectual property portfolio, Sambo secured a spot in Science Park as a startup tech company. Today, Sambo Group continues to lead the charge in innovation, epitomizing its commitment to environmental sustainability and energy efficiency through groundbreaking products like “Light fresh,” “Cool fresh,” and “Solar fresh.”
Sambo founders are now focused on reducing building energy consumption with unique products such as windows’ coating, capable of reducing indoor temperatures by 6-12 degrees, a self-cleaning spray that eliminates odor, formaldehyde, VOC, bacteria, and viruses, and hydrophobic/hydrophilic coatings for residue-free surface cleaning. Collaborating with partners, the company is actively developing other indoor environmental solutions, including sensors, and expanding its portfolio of green products.
RaSpect Inspection stands as a beacon of innovation in architectural safety, serviceability, and sustainability inspections, driven by its state-of-the-art AI-powered platform. As an Intelligence Inspection company, RaSpect offers a cloud-based Big Data/AI platform tailored for inspection partners, reshaping property inspections and empowering stakeholders with a competitive edge. Tailored for building owners, facility management, and building professionals, RaSpect’s solution streamlines risk assessment and enhances performance evaluations, boasting a remarkable increase in cost-efficiency by at least 50%.
Moreover, RaSpect’s commitment to data compliance and security measures ensures standardization and reliability for government initiatives. By aligning with global Smart City endeavors, RaSpect aids customers in transitioning to a safer, greener, and smarter future. With products like Inspectica, an All-in-One AI Integrated SaaS Platform, and DefectCapture™, a versatile tool for online and offline inspections, RaSpect drives efficiency and effectiveness in architectural inspections, paving the way for a brighter, more sustainable built environment.
Clearbot: Revolutionizing Marine Pollution Cleanup
Established in 2019 as a student project aimed at assisting Indonesian surfers in efficiently cleaning waterways, Clearbot has evolved into a Hong Kong-based autonomous boat startup addressing global marine pollution. Confronted with the plastic crisis during a trip to Bali, founders Siddhant Gupta and Utkarsh Goel recognized the need for sustainable solutions beyond traditional methods.
Clearbot’s unmanned, battery-powered boats, charged via solar panels and equipped with front cameras, offer a hassle-free approach to waste collection. With each Clearbot adoption, organizations benefit from reduced costs, manpower needs, and improved impact traceability. Currently operating 10 boats in Hong Kong and India, Clearbot is poised to expand its impact globally, offering a sustainable response to marine pollution challenges.
Time Medical Systems: Advancing Medical Imaging Technology for a Healthier Future
Founded in 2006 by Professor Q.Y. Ma, PhD, and a team of esteemed international business leaders, engineers, and clinical scientists, Time Medical Systems (TM) has emerged as a frontrunner in the medical diagnostic imaging industry, propelled by its commitment to innovation and disruptive technologies. Specializing in the research, development, design, and manufacturing of advanced medical imaging systems, including MRI, DR, and CT, TM’s mission is to deliver a family of low-cost, high-performance MRI Scanners sustained by continuous innovation, notably through the pioneering use of High Temperature Superconducting (HTS) Coils.
Led by Prof. QY Ma, whose background spans prestigious institutions such as Columbia University, Harvard Medical School, and the University of Hong Kong, alongside a seasoned management team with expertise across product engineering, development, sales, marketing, and professional services, TM is positioned as a global leader in developing dedicated MRI systems tailored for niche markets, notably neonatal, breast, and brain imaging.
With groundbreaking achievements such as the world’s first Neonatal MRI – NEONA, recognized with the Prix de l’Éstat de Genève at the 2016 Geneva Invention Convention, and the dedicated Abbreviated Breast MRI (ABMR) system developed in collaboration with Memorial Sloan Kettering Cancer Center in New York, TM continues to push boundaries in medical imaging technology. Additionally, TM’s ultra-high field 7T – 9.4 T Biomed MR systems cater to biomedical research, neurological research, and preclinical trials in pharmaceutical R&D. With a global presence spanning countries including the US, China, India, and beyond, TM is steadfast in its mission to provide Advanced, Affordable, and Accessible medical imaging services to underserved populations, with ongoing developments in AI-based DR systems and mobile imaging solutions. Committed to revolutionizing healthcare delivery, TM’s comprehensive portfolio extends to veterinary use and animal health diagnosis, further cementing its position as an industry leader in medical imaging innovation.