China Assets and the Hong Kong Science and Know-how Parks Company (HKSTP) have co-launched the ‘Past Goals’ initiative, aiming to help high-potential startups within the Hong Kong Science Park.
Supported by a donation of HK$100million from the CR Charitable Basis to help innovation and expertise (I&T) expertise, China Assets and HKSTP have launched the ‘China Booster’ undertaking. This initiative plans to supply acceleration programmes and help for progressive tech firms, strengthening their market presence in each Hong Kong and Mainland China, leveraging China Assets’ industrial and enterprise assets.
The launch comes shortly after HKSTP’s inaugural International Booster Programme delivered spectacular ends in September earlier this 12 months. 5 expertise enterprises underwent a rigorous six-month coaching programme in Silicon Valley, the place they explored alternatives in North American and different abroad markets. Constructing on this success, HKSTP and China Assets need to foster collaborative partnerships between high-potential progressive expertise enterprises and provide chains in Hong Kong and mainland China.
By accelerating the commercialisation of their merchandise, the undertaking seeks to increase distribution networks in Hong Kong, mainland China, and internationally. Six promising firms shall be chosen for the six-month programme – which begins in 2025.
“The ‘Past Goals’ China Booster undertaking will allow us to faucet into China Assets’ assets in mainland China,” defined Albert Wong, CEO of HKSTP. “Mixed with the excellent help that HKSTP constantly supplies to startups at completely different levels of their entrepreneurial journey, we’re assured this may assist them commercialise their progressive concepts, increase into mainland and world markets, and obtain long-term success.”
Backing worldwide progress by way of collaboration
By way of the undertaking, HKSTP and China Assets purpose to place Hong Kong as a world I&T centre in keeping with the nationwide improvement technique.
Chen Ying, assistant common supervisor of China Assets Group, additionally stated: “We hope that by way of this platform, we may also help Hong Kong’s startups overcome market entry limitations and speed up the implementation and improvement of progressive tasks.”
China Assets and HKSTP will gather necessities and placement preferences from chosen groups and customise mainland acceleration programmes to align with their enterprise traits and business wants. China Assets Group may also leverage its assets to attach these groups with appropriate mainland cities and industrial parks, providing diversified assets and providers.
The undertaking may also look to enhance and improve the native expertise pool within the I&T ecosystem. It allows younger expertise to achieve sensible expertise and take part in coaching with firms based mostly on the Science Park campus, fostering their potential to tackle extra progressive roles in entrepreneurship and future profession improvement. The programme collaborates carefully with native universities to combine and leverage incubation assets, creating synergy and selling useful resource sharing whereas collectively driving the expansion and realisation of progressive tasks.
