HKSTP and HSBC Launch New Cohort of SPRINTER 2 to Foster Innovation Among Logistics and Buildings Sectors

(Hong Kong, 17 August 2021) – Hong Kong Science and Technology Parks Corporation (HKSTP) and HSBC continued their strategic partnership in the SPRINTER 2 programme, launching a new cohort that focuses on accelerating innovation among small businesses and mid-cap corporates in Hong Kong’s logistics, buildings and related services.

This comes at a time when Hong Kong’s logistics and buildings sectors face new opportunities in transition to more sustainable business practices, supporting the smart city drive in Hong Kong and rapid developments in the Greater Bay Area (GBA). Companies invited to apply include those in freight, transportation, construction, real estate and property management.

The three-stage programme, which lasts for a year, comprises a process of discovery where corporates will have the opportunities to receive training and upskilling, match with tech ventures, and co-create tailored business solutions with tech ventures. At the end of the programme, corporates will be better placed to leverage innovation and technology (I&T) to enhance competitiveness and capture new growth opportunities.

Aldous Mak, Chief Financial Officer of HKSTP, said: “As the Hong Kong economy gears up for growth, new opportunities are emerging particularly in the GBA. The urban development sector is in a prime position to harness technology to capitalise on the region’s potentials and drive smart city development. We have been collaborating closely with HSBC to give thriving corporates a head start to revitalise their businesses. SPRINTER 2 will provide them with the skills, connections and tools they need to succeed.”

Christina Ong, Head of Business Banking, Commercial Banking, Hong Kong of HSBC, said: “Sustainability and innovation have become a key agenda for businesses of all sizes in Hong Kong. SPRINTER 2 is a comprehensive programme that empowers more companies, in particular SMEs, with the necessary knowledge and skills in transforming their operation in a sustainable manner. As a connector for the business community, we are pleased to deepen our collaboration with our long-term partner, HKSTP, in helping more sectors in Hong Kong work towards a more resilient future through the new cohort.”

The announcement builds upon the success of SPRINTER 2’s first cohort, which brought more than 50 manufacturing SMEs in Hong Kong together with tech start-ups to accelerate innovation in a traditional sector. The first cohort, launched in September 2020, has completed the discovery, matching, and co-creation stages.

SPRINTER 2 Cohort 2 is now open and welcomes small businesses and mid-cap corporates operating in either logistics or buildings sectors. The deadline for application is 30 September 2021. Companies can apply here: http://www.sprinter.hk/.