HK$500 million City I&T Grand Challenge opens unlimited business opportunities in geospatial information – Harbour Times

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Spatial data has great commercial and practical value which Hong Kong has yet to realise. Why doesn’t the government consider making use of the HK$500 million hackathon proposed two years ago by the Chief Executive to encourage real-life application of this data?

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Using technology to help reduce traffic accident – EJ Insight

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A group of university students applied what they have learnt and analysed their selected issues with geographic information system (GlS), and sought solutions. They participated in this year’s Esri Young Scholars Award competition. When you look at their award-winning works, you will admire their broad vision, care for society and creative thinking.

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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.

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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).

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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.

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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.

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Short, medium and long-term measures to save local startups – Harbour Times

HarbourTimes_5Jun2020s

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The COVID-19 epidemic cast a deep shadow over the global economy, and the situation startups are faced with is tragic. Startup Genome, a consulting firm, interviewed more than 1,000 startups across 50 countries around the world from March to April, it was found that more than 70 percent of the startups interviewed were forced to lay off employees due to the epidemic.

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Pandemic offers an opportunity for the city to boost young people’s interest in innovation – South China Morning Post

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The new secretary for innovation and technology, Alfred Sit Wing-hang, has proposed a “bridge of innovation and technology" that comprises three elements: collaboration, communication and an innovation talent pool. The last element no doubt represents the most critical and challenging task (“New faces Carrie Lam has enlisted to help Hong Kong tackle Covid-19 impact", April 22). 繼續閱讀

Efficient coordination inside and outside the government is the key to open data – Harbour Times

HarbourTimes_28Apr2020S

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The first global COVID-19 dashboard by the Johns Hopkins University (JHU) of the United States has received enthusiastic response around the world. The dashboard attracts an average of 1.2 billion views per day. It is an exemplar of the benefits of open data – and how quickly it can be deployed to good effect when the will is there. Hong Kong cannot use the COVID-19 crisis or other pettier considerations stand in its way to securing the obvious benefits of open data. 繼續閱讀