HONG KONG SAR – Media OutReach – 17 December 2021 – Hong Kong Science and Know-how Parks Company (HKSTP) is forming a sequence of strategic partnerships with world leaders corresponding to main know-how distributor and options supplier Avnet and diversified monetary companies group ORIX to foster a brand new wave of engineering expertise and fast-rising startups within the superior {hardware} and digital applied sciences sectors. The mix of know-how, manufacturing market know-how and funding financier will propel promising startups on their development journey and set up the Better Bay Space (GBA) as a number one innovation hub for superior {hardware} and digital applied sciences.
Photograph 1: Mr. Peter Mok, Head of Better Bay Space, HKSTP (proper), and Mr. Alan Chui, Provider Enterprise Administration President, Avnet Asia, officiate on the strategic co-incubation settlement signing ceremony to drive innovation and construct a thriving {hardware} and electronics eco-system throughout the GBA.
Positioned on the centre of the world’s main manufacturing powerhouse with Shenzhen and the big market potential of China at its doorstep, Hong Kong and the broader GBA area is a haven for {hardware} and digital applied sciences startups. However challenges stay in accessing funding, market assist, expertise and manufacturing R&D experience, particularly for area of interest and rising know-how areas. Aviation is one new space amongst many through which HKSTP is collaborating with sector leaders on to develop Hong Kong and the GBA into an innovation and know-how hub.
Photograph 2: Mr. Peter Mok, Head of Better Bay Space, HKSTP (center), Mr. Alan Chui, Provider Enterprise Administration President, Avnet Asia (3rd from left), and Mr Adrian Pang, Managing Director, ORIX Asia Restricted (4th from proper), be part of fellow trade leaders and ecosystem members within the official activation ceremony on the {Hardware} Journey Eco-System – GBA Growth Kickoff Occasion.
HKSTP and Avnet have formally signed a co-incubation settlement to mix Avnet’s design and technical experience with HKSTP’s intensive startup improvement expertise to propel technical expertise and startups on their journey of development. Chosen startups can leverage Avnet’s world ecosystem and community to seize new partnerships and market alternative within the GBA area. For a begin, Avnet may even accomplice microelectronics leaders AMD, TE Connectivity and Xilinx to supply startups with experience in aviation and next-generation Hybrid CPU-FPGA know-how and vital assist in accelerating their innovation from analysis to testing and high-quality manufacturing.
To drive momentum on this rising ecosystem, HKSTP can also be partnering Japanese monetary companies group ORIX to faucet its monetary and funding experience to assist startups go world and to interact the high-potential Japanese market. ORIX is a strategic accomplice in HKSTP’s GBA enlargement and deal with new digital resolution innovation, with its continued investments into top quality startups. The formation of such partnerships will probably be a additional catalyst to speed up innovation within the ecosystem, with aviation as a high-potential start line.
Albert Wong, CEO, HKSTP stated: “Our partnerships with a number of sector leaders spotlight the big market potential within the GBA and supply the perfect platform for startups to faucet into the world-class expertise, assets and market alternatives on this area. This mixed ecosystem of {hardware} and electronics experience will assist younger pioneers and engineers realise their innovation goals and elevate the GBA as a world innovation powerhouse.”
Alan Chui, Provider Enterprise Administration President of Avnet Asia stated, “Avnet is a long-term accomplice of HKSTP and has collectively supported many startup corporations. By way of this settlement, we will equip startups and aspiring technologists with the mandatory data and assets to speed up technological innovation within the GBA and facilitate the commercialisation of real-world purposes.”
Adrian Pang, Managing Director, ORIX Asia Restricted stated: “We, ORIX, consider digital applied sciences are the important thing future driver and pattern. With our diversified experience, world community and rich expertise in supporting SMEs and startups, ORIX is properly positioned to incubate younger corporations by our partnership with HKSTP, which we are going to deliver synergy to our dynamic future unicorn in Hong Kong and lead our financial system to a brand new decade.”
This various {hardware} eco-system will see outstanding developments like Avnet establishing options centre at Hong Kong Science Park Shenzhen Department that can present native and worldwide startups quick access to state-of-the-art engineering services supplied by Avnet and its companions. There may even be on-site software engineers to supply technical options, reference designs and consultancy companies to allow these startups to get their merchandise to market quicker. Quick-rising HKSTP startup Aerosim, who specialises in aviation coaching know-how, will leverage the centre for aviation simulation know-how adoption assist. Avnet and its companions may even contribute their {hardware} parts data and work with Aerosim to develop civil aviation know-how.
Expertise is a important issue for profitable innovation and HKSTP is offering a know-how data trade platform within the GBA to nurture entrepreneurs in top quality {hardware} parts. The HKSTP GBA InnoAcademy will function a expertise coaching platform for the most effective entrepreneurs and engineers to gasoline a brand new wave of technical expertise from Hong Kong and the GBA.
About Hong Kong Science and Know-how Parks Company
Hong Kong Science and Know-how Parks Company (HKSTP) has for 20 steady years dedicated to increase Hong Kong as a global innovation and know-how hub to propel success for native and world pioneers right now and tomorrow. HKSTP has established a thriving I&T ecosystem that’s dwelling to 3 unicorns and Hong Kong’s main R&D hub with over 11,000 analysis professionals and over 1,000 know-how corporations targeted on healthtech, AI and robotics, fintech and good metropolis applied sciences.
Established in 2001, we entice and nurture expertise, speed up and commercialise innovation and know-how for entrepreneurs on their journey of development in Hong Kong, to the Better Bay Space, Asia and past. Our rising innovation ecosystem is constructed round our key places of the Hong Kong Science Park in Shatin, InnoCentre in Kowloon Tong and three fashionable INNOPARKs in Tai Po, Tseung Kwan O and Yuen Lengthy. The three INNOPARKs are realizing a imaginative and prescient of re-industrialisation for Hong Kong. The purpose is sectors like superior manufacturing, electronics and biotechnology are being reimagined for a brand new era of trade.
By way of our infrastructure, companies, experience and community of partnerships, HKSTP will assist set up innovation and know-how as a pillar of development for Hong Kong, whereas reinforcing Hong Kong’s worldwide I&T hub standing as a launchpad for world development on the coronary heart of the GBA innovation powerhouse.
Extra details about HKSTP is accessible at 
www.hkstp.org
About Avnet
As a number one world know-how distributor and options supplier, Avnet has served clients’ evolving wants for a complete century. We assist clients at every stage of a product’s lifecycle, from thought to design and from prototype to manufacturing. Our distinctive place on the middle of the know-how worth chain allows us to speed up the design and provide levels of product improvement so clients can notice income quicker. Decade after decade, Avnet helps its clients and suppliers all over the world notice the transformative potentialities of know-how. Be taught extra about Avnet at www.avnet.com/apac.
About Orix
ORIX Asia Restricted (“ORIX Asia”) was established in Hong Kong in 1971, which is an entirely owned subsidiary and the primary abroad enterprise of ORIX Company. ORIX Company (“ORIX”) (Tokyo Inventory Change (8591) and New York Inventory Change (IX)), based mostly in Tokyo Japan, is a huge monetary conglomerate connecting greater than 30 nations and areas worldwide, offering modern monetary services and products to each company and retail clients. Our enterprise portfolio consists of however not limits to leasing, company finance, actual property, personal fairness funding, automobile-related enterprise, setting and vitality, banking and insurance coverage.
ORIX Asia, being a Restricted Licence Financial institution in Hong Kong (a certified establishment regulated by the Hong Kong Financial Authority), has over 50 years of expertise in serving our neighborhood and we’re devoted to develop with our clients and financial system in Hong Kong. ORIX Asia, along with our group’s affiliated entities, we try to be a market differentiator in Hong Kong and to supply modern and diversified one-stop monetary companies to our valued clients.
#Avnet
