In a strategic move to bolster start-up growth and accelerate Hong Kong’s I&T advancement, Cyberport recently signed a joint accelerator programme collaboration agreement with the China Resources Research Institute of Science and Technology (CR Research Institute).
The accelerator programme will provide select start-ups with an arsenal of resources aimed at expediting their R&D commercialisation and market expansion efforts, including funding, venues, R&D facilities, and professional advisory services. Start-ups participating in the programme could receive up to HK$1.8 million in support, including both monetary and in-kind subsidies, with the possibility of additional investment opportunities, as well.
In his welcome remarks, Simon Chan, Chairman of Cyberport, expressed enthusiasm for the collaboration, saying, “We are delighted to join hands with the CR Research Institute to advance the development of I&T. Their commitment to integrating innovative scientific research, academia, and industry, as well as providing holistic industry support to start-ups to facilitate the transformation of R&D outcomes, is consistent with Cyberport’s development philosophy. By collaborating, we will catalyse tech start-ups, promote the application and commercialisation of innovations, and propel Hong Kong’s economic momentum through I&T. Our combined efforts will contribute to positioning Hong Kong as an international hub for innovation and technology.”
The joint accelerator programme is open to Hong Kong-registered enterprises in the Cyberport community that are innovating in fields such as FinTech, Smart Living, Digital Entertainment, cybersecurity, AI, big data, supercomputing centres, blockchain, Web3, and other targeted areas.
Applications will be evaluated by an Assessment Committee made up of members from the CR Research Institute and Cyberport and judged on their applicability, innovativeness, economic benefits, and the strength and capability of the team.
Details of the programme will be announced soon – stay tuned.