(Hong Kong, 29 November 2024) - China Resources (Holdings) Co., Ltd. (China Resources Group) and The Hong Kong Science and Technology Parks Corporation (HKSTP) have co-launched the "Beyond Dreams" initiative, supported by a generous donation of HK$100 million from the CR Charitable Foundation, to nurture innovation and technology (I&T) talent. As part of their collaboration, both parties have announced the launch of the "China Booster" project, which capitalises on China Resources' extensive industrial and business resources in both Hong Kong and the mainland of China in expanding their support base. This new initiative provides tailored acceleration programmes and support for global innovative technology companies, strengthening their market presence in both regions and enhancing the integration of their entrepreneurial ecosystems.
HKSTP's inaugural Global Booster Programme delivered remarkable results in September of this year. Five innovative technology enterprises underwent a rigorous six-month training programme in Silicon Valley, where they explored opportunities in North American and other overseas markets. Supported by investors and partners, these enterprises achieved significant developmental milestones. Building on this success, HKSTP and China Resources Group have jointly launched the "Beyond Dreams" – China Booster project, marking a new chapter in the Global Booster Programme. This initiative fosters collaborative partnerships between high-potential innovative technology enterprises and supply chains in Hong Kong and mainland. By accelerating the commercialisation of their products, the project seeks to expand distribution networks in Hong Kong, mainland, and internationally. Enterprises interested in this opportunity are encouraged to apply, with six promising companies expected to be selected for the six-month programme starting next year.
Mr Chen Ying, Assistant General Manager of China Resources Group, Chairman of the Board of China Resources Enterprise, Dean of China Resources Research Institute of Science & Technology Co. Ltd. , said, “The "Beyond Dreams" - China Booster project is an important initiative that we have jointly planned with HKSTP. It aims to fully leverage China Resources' industrial and business resources advantages to support high-potential startups in the Hong Kong Science Park as they successfully enter domestic and international markets. We hope that through this platform, we can help Hong Kong's startups overcome market entry barriers and accelerate the implementation and development of innovative projects. Today, we gather here not only to celebrate the launch of a new project, but also to embark on a journey filled with hope and challenges together.”
Mr Albert Wong, CEO of HKSTP, said, "We are delighted to collaborate with China Resources Group to foster the development of I&T and to nurture a new generation of innovators in Hong Kong. The “Beyond Dreams”– China Booster project will enable us to tap into China Resources' resources in mainland. Combined with the comprehensive support that HKSTP consistently provides to startups at different stages of their entrepreneurial journey, we are confident this will help them commercialise their innovative ideas, expand into mainland and global markets, and achieve long-term success.”
Key Aspects of the "Beyond Dreams" - China Booster Project:
- Tailored Development in Mainland
The project aims to position Hong Kong as an international I&T centre in line with the national development strategy. Supported by China Resources Group, the “Beyond Dreams” – China Booster initiative will enhance support for innovative technology companies seeking to enter mainland. China Resources Group and HKSTP will collect requirements and location preferences from selected teams and customise mainland acceleration programmes to align with their business characteristics and industry needs. China Resources Group will leverage its extensive resources to strategically connect these teams with suitable mainland cities and industrial parks, offering diversified resources and services.
- Fostering Technological Development
The programme will facilitate the seamless integration of Hong Kong startups with the mainland entrepreneurial ecosystem and focus on supporting innovative technology enterprises across multiple technological sectors, including microelectronics, robotics, mass consumer goods, energy services, healthcare, technology and finance, and urban construction and operations.
- Strengthening the Innovation and Technology Talent Pool
The "Beyond Dreams" project supports the cultivation of talent and the growth of the I&T ecosystem. It enables young talent to gain practical experience and participate in training with companies based at the Science Park campus, fostering their potential to take on more innovative roles in entrepreneurship and future career development. The programme collaborates closely with local universities to integrate and leverage incubation resources, creating synergy and promoting resource sharing while collectively driving the growth and realisation of innovative projects.
