Startups: The art of pitching – EJ Insight

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While venture capital funds in the United States raised a strong $21 billion during the first quarter of this year, compared to a total of $51 billion raised for the full year of 2019, a recent National Venture Capital Association report expected a “capital crunch" in the coming months as most VC firms would flee to safer, more liquid assets, like public securities in view of the covid-19 pandemic. In other words, startups will find it more and more difficult in fund raising. Therefore, how to conduct a successful pitch becomes even more critical than before. That’s the reason why the success experience of a recent pitch of an entrepreneur is worth sharing.

HK has practical ways to attract professionals from the outside world – China Daily

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In response to the upcoming Smart City Blueprint for Hong Kong 2.0, the Legislative Council reviewed smart city development in Hong Kong in early June.

Future of InnoTech: Three-in-one listing of Science Park, Cyberport and ASTRI – Harbour Times

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Over the years, Science Park and Cyberport have nurtured many unicorns (i.e. privately held startups valued at no less than US$1 billion, and established for less than 10 years), such as SenseTime, WeLab, TNG, GoGoVan and Klook. Some have raised the point that if the three major R&D organisations – Science and Technology Park Corporation (including Science Park and several industrial villages), Cyberport and Hong Kong Applied Science and Technology Research Institute (ASTRI) – were consolidated as one organisation, it would boost Hong Kong’s scientific research power on advanced technologies, e.g. artificial intelligence, internet of things, and big data. They can also complement each other, as Science Park is good at biomedical technology while Cyberport is strong in financial technology (FinTech).

香港最危險路段 – 信報財經新聞, StartUpBeat

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過去半年大中小學停課， 但不少人停課不停學，一群大專學生便以所思所學，以地理資訊系統（GlS）分析自選的議題並尋求解決方案，參加今年的「Esri青年學人大賽」。看到他們的得獎作品，你不能不佩服年輕人廣闊的視野、對社會的關懷和勇於創新的思維。

Rescue startups: government adopts more local products and services – Harbour Times

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Although the advanced technology research and development capabilities of Hong Kong universities is internationally renowned and generously government-funded, there have been few cases of innovation and technology that has been successfully commercialised.

Using science & technology index to monitor govt administration – EJ Insight

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Recently, Chinese Prime Minister Li Keqiang pointed out that the mainland should accelerate the development of high-tech-focused “new infrastructure initiative", such as 5G networks, big data and artificial intelligence, as well as upgrade and “smarten" existing infrastructure. The Nikkei Asian Review quoted a report released in March by the government-backed think tank China Center for Information Industry Development (CCID), estimating that the mainland will invest at least RMB17 trillion (about HK$18.5 trillion) in more than 800 projects in the next five years, including 73 projects in Guangdong Province, such as autonomous driving and smart ports. The article also listed the key companies involved in these projects, Hong Kong is basically missing the opportunity brought by these huge infrastructure project, except for the artificial intelligence (AI) startup SenseTime. How can we not be disappointed!

以先進科技迎接風季 – 信報財經新聞, StartUpBeat

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毋庸置疑，我們已深受全球暖化影響。一方面，世界氣象組織已確認2019年是有紀錄以來第二最熱的一年，2015年至2019年這5年更是紀錄上5個最暖的年份；天文台也預計今年全年平均溫度偏高，很有可能成為歷年最高氣溫的首十位。剛過去的5月，香港亦遠較往常炎熱，平均氣溫攝氏27.7度，比正常值高出1.8度。

Get ready for the typhoon season – EJ Insight

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According to the World Meteorological Organization, 2019 was the second warmest year on record, with the five years from 2015 to 2019 being the five warmest since recording. The Hong Kong Observatory (HKO) also confirmed that May of 2020 was much hotter than usual. The monthly mean temperature of 27.7 degrees in May was 1.8 degrees above the normal figures. Moreover, the annual mean temperature this year is expected to be above normal, very likely to be among the top 10 warmest on record.

科技指數監察施政 – 信報財經新聞, StartUpBeat

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日前，總理李克強表示內地要加快推進5G網絡、大數據、人工智能等訊息網絡新型基建，並把現有基建升級和智能化。《日經新聞》引述中國電子信息產業發展研究所（CCID）轄下的賽迪智庫今年3月的報告，估計內地未來5年要為800多個項目投入至少17萬億元人民幣（約18.5萬億港元），包括廣東省在無人駕駛、智能口岸等73個項目。文中並列舉參與的主要企業，除了發展人工智能的商湯外，基本上香港在此巨大基建項目群中不見蹤影，這怎能不令人扼腕嘆息！

Here is how the government can step in to support the city’s start-up companies – South China Morning Post

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The Hong Kong government has invested more than HK$100 billion to support innovative technology development and boost the start-up ecosystem in the last five years. However, the Covid-19 epidemic has disrupted the capital chain. A local survey found that nearly 40 per cent of the start-ups interviewed had laid off employees.