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- HKSTP and the Construction Industry Council Launch ConTech Accelerator with 20 Leading Construction Stakeholders to Spark Sector-wide Innovation and Technology Adoption
First ConTech Accelerator creates a unique trial and development platform to enhance safety, sustainability and productivity
Photo 1: Mr. Albert WONG, CEO of HKSTP (Second right), Ir Albert CHENG, Executive Director of CIC (Second left), Mr. James LEE, CITAC Board member of CIC (Left) and Mr. Eugene HSIA, Chief Corporate Development Officer of HKSTP (Right) officiated at the “ConTech Accelerator” Kick-off ceremony to jointly promote the digital transformation of Hong Kong’s construction industry.
Photo 2: HKSTP and CIC launched the Hong Kong’s first ConTech-focused innovation acceleration programme today ── the ConTech Accelerator, to spark sector-wide innovation and technology adoption with 20 leading construction stakeholders.
(Hong Kong, 28 July 2022) – Hong Kong Science and Technology Parks Corporation (HKSTP) and The Construction Industry Council (CIC) have successfully launched Hong Kong’s first ConTech-focused innovation acceleration programme ── the ConTech Accelerator. With a focus on construction safety, sustainable construction and construction productivity, HKSTP is partnering with CIC to create a unique platform to drive the best practice of ConTech trials and adoption across a range of different scenarios in sites and premises.
The forecasted total construction output in the coming decade will reach HK$225 billion to HK$345 billion, pushing the construction industry to further enhance productivity, sustainability and safety performance. To facilitate the industry’s search for appropriate construction technology, the ConTech Accelerator will act as a platform to match the CIC’s extensive network of corporate partners, as well as HKSTP’s 20 years’ foundation to nurture a vibrant I&T ecosystem and its tremendous pool of start-ups and tech ventures. The programme aims to establish a platform that evolves and shares best practices and techniques for ConTech solutions, while corporate partners joining the programme will provide problem statements, real site for trial and industry feedback to tech ventures under moderation of HKSTP.
Albert WONG, CEO of HKSTP, said: “The construction industry is setting sail in its journey to digital transformation. HKSTP and CIC share the same vision to promote the adoption of innovative techniques and solutions in the local construction industry. The ConTech Accelerator in partnership with CIC has gathered the industry’s best sector leaders and provides the ideal trusted platform for co-creation and innovation for 20 corporations and emerging tech ventures to create a more innovative, safer and stronger construction environment while facilitating cross-sector collaborations to accelerate commercialisation and creating new opportunities for the Hong Kong’s I&T ecosystem.”
Albert CHENG, Executive Director of CIC said, “We hope to establish more than 30 pilot projects through this programme with each of our participating contractors trying out two technologies. This will drive the commercialisation and wider application of the related technologies. If the pilot projects were successful, the technologies could be shared with other projects and stakeholders for adoption. The Government has injected HK $1.2 billion to the Construction Innovation and Technology Fund (CITF), successful cases could apply for the CIC’s R&D Fund under the CITF. Through the promotion of digitalisation, innovation and robotics in the construction industry, we aspire to improve construction quality, sustainability and safety, thereby maintaining a professional image in the industry and promoting the steady and quality development of the industry.”
The ConTech Accelerator has succeeded in connecting 20 Hong Kong’s leading construction stakeholders to create this industry-first programme. Together with tech startups and ventures from a range of backgrounds, the Accelerator will drive industry trials and collaboration on diverse new ideas to solve specific pain points throughout the building processes, from design and construction with innovations of site monitoring, green materials and robotic welding.
The ConTech Accelerator is open to corporates and ambitious startups and entrepreneurs with the vision to transforming construction through innovation, solution trials and business matching.
The full list of corporate partners is below: