The First Accelerator Programme to Further Boost Hong Kong’s Capabilities in Blockchain
Dr. David Chung Wai-keung, JP, Under Secretary for Innovation and Technology, The Government of HKSAR (middle), Mr. Peter Mok, Hong Kong Science & Technology Parks Corporation Head of Incubation and Acceleration Programmes (middle left), Dr. MeiKei Ieong, CTO of Hong Kong Applied Science and Technology Research Institute (3rd from right), Mr. Jacky Chan, Molecular Hub CEO (1st from left); (from left to right) Ms. Joanna Cheung, Executive Director of TGN, Mr. Ricky Lei, Founding Partner of HBCC Investment, Mr. Jason Tso, Molecular Group CEO, Dr. Hon Elizbeth QUAT, BBS, JP, Legislative Council Member, Founder and Co-Chairman of Smart City Consortium, Dr. Samson Tam, Chairman of HKBAN and Founding Partner of Inno Angel Fund, Mr. Steve Lau, Founding Partner of HBCC Investment and Eagles Fund, Mr. Kevin Chen and CollinStar Capital Executive Partner attended the Launch Ceremony of Global Acceleration Academy Blockchain Accelerator Programme organized by Hong Kong Science and Technology Parks Corporation.
Hong Kong, 13 July 2018 – At the APAC Blockchain Innotech Summit held at Hong Kong Science Park today, Hong Kong Science and Technology Parks Corporation (HKSTP) announced a partnership with Hong Kong Applied Science and Technology Research Institute (ASTRI) and Mhub Blockchain Ltd (Molecular Hub), to launch a Blockchain-focused accelerator programme under its Global Acceleration Academy (GAA).
First-of-its kind in Hong Kong, the programme focuses exclusively on Blockchain technology development and also other applications such as Smart City solutions. In collaboration with industry leaders, the programme will offer the start-ups helpful guidance on how to commercialise their ideas. ASTRI, a key partner in the programme, will provide vital support to the participating start-ups, including training and development as well as access to R&D facilities at the its Smart City Innovation Centre.
The other partner in the GAA accelerator programme, Molecular Hub is a venture of the Molecular Group. The Molecular Group is funded by four companies well-established in Blockchain investments and the VC and investor community: Molecular Future, China Fortune, Tuspark Global Network and CollinStar Capital. Molecular Hub will leverage their collective expertise and industry connections in the field of Blockchain, to help the start-ups to explore and untap Blockchain-related opportunities along the Belt-and-Road markets including China.
The GAA accelerator programme plans to start its worldwide recruitment in August, with the official launch expected take place in November 2018.
GAA is an initiative that started last year, where HKSTP partners with international industry leaders from different fields to develop thematic acceleration programmes tailored to the development needs of individual industries. Since its inception, GAA has partnered with major industry players such as SIASUN, NVIDIA and Alibaba Cloud to drive innovation in artificial intelligence, robotics and Smart City development.
George Tee, Chief Technology Officer of HKSTP, said, “Blockchain technology has enormous potential for use and can be applied into various industries and in many various ways – from compliance, to finance and operations. HKSTP encourages innovation, hence we have seen our Park companies successfully applying this technology to logistics, insurance, ID authentication and property valuation. The timing couldn’t be any better for us to launch this GAA programme, to capture the huge market opportunity out there. This move will certainly put Hong Kong as an attractive venue for innovators to turn their ideas into commercial success.”
Jacky Chan, CEO of Molecular Hub said, “With Molecular Hub collaborating with HKSTP and ASTRI in this GAA programme, the three of us can definitely give extra value and an extra edge for start-ups to validate their ideas. We hope this will be the start of many great things to happen out of Hong Kong and the Greater Bay Area, especially with respect to the development of Fintech.”
Dr Mei-kei Ieong, Chief Technology Officer of ASTRI said, “ASTRI is the largest government-funded applied R&D institute in Hong Kong, focusing on Information and Communications Technology. We have a strong track record of commercialising innovative technological solutions in Smart City, Fintech, AI + Robotics and Health Technologies. Through this partnership, we look forward to working with HKSTP and Molecular Hub to provide support to start-ups, aiming to accelerate the development of I&T in Hong Kong and beyond. ”
Co-organised by HKSTP, HBCC Investment and the Molecular Group, the APAC Blockchain Innotech Summit gathered top-notch Blockchain professionals, investors, entrepreneurs and service providers to explore and discuss the strategic role of Hong Kong in attracting Blockchain companies coming to Hong Kong. The event also aims to foster the development of Blockchain technology and implementation in Greater Bay Area and along the Belt and Road countries.
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About Hong Kong Science and Technology Parks Corporation
Comprising Science Park, InnoCentre and Industrial Estates, Hong Kong Science & Technology Parks Corporation (HKSTP) is a statutory body dedicated to building a vibrant innovation and technology ecosystem to connect stakeholders, nurture technology talents, facilitate collaboration, and catalyse innovations to deliver social and economic benefits to Hong Kong and the region.
Established in May 2001, HKSTP has been driving the development of Hong Kong into a regional hub for innovation and growth in several focused clusters including Electronics, Information & Communications Technology, Green Technology, Biomedical Technology, Materials and Precision Engineering. We enable science and technology companies to nurture ideas, innovate and grow, supported by our R&D facilities, infrastructure, and market-led laboratories and technical centres with professional support services. We also offer value added services and comprehensive incubation programmes for technology start-ups to accelerate their growth.
Technology businesses benefit from our specialised services and infrastructure at Science Park for applied research and product development; enterprises can find creative design support at InnoCentre; while skill-intensive businesses are served by our three industrial estates at Tai Po, Tseung Kwan O and Yuen Long. More information about HKSTP is available at www.hkstp.org.
Hong Kong Applied Science and Technology Research Institute Company Limited (ASTRI) was founded by the Government of the Hong Kong Special Administrative Region in 2000 with the mission of enhancing Hong Kong’s competitiveness in technology-based industries through applied research. ASTRI’s core R&D competences in various areas are organised under seven Technology Divisions, namely Communications Technologies, Electronics Components, Mixed Signal Systems IC, Advanced Digital Systems, Opto-electronics, Security and Data Sciences, and Intelligent Software and Systems. Five areas of applications including financial technologies, intelligent manufacturing, next generation network, health technologies, and smart city are identified for major pursuit. Please visit www.astri.org, for further information about ASTRI.
About Molecular Hub
Molecular Hub (Mhub) is the first “all resources” platform focusing on incubating and nurturing the blockchain application startups in Hong Kong. It is formed by five companies, namely Molecular Group, China Fortune Holdings Group, TusMaker Global Network (TGN), CollinStar Capital and HBCC Investment. It is supported by Hong Kong Science & Technology Parks Corporation and Hong Kong Applied Science and Technology Research Institute.
Mhub has a team of mentors from various industries, professional investors and professors, and they will be assigned to different start-ups according to the industries, applications and resourses needed. Our mentors provide professional consultation to the startups through regular monthly meetings. Mhub will also hold talks, resource & industry matching, trainings and research seminars regularly to help start-ups get the support they need. Mhub provides advice on recruitment, product R&D and proof-of-concept business development. Mhub will hold a Demo Day for every cohort of startups. Mhub will also invite local, mainland China and overseas investors and funds to listen the pitching of startups.
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