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Lecture Review - CIDE/AAMA Technology Salon: Deep Tech Innovations - Opportunities for Hong Kong and the GBA

 

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On June 3, 2021, AAMA-PRD and the Center for Innovation, Design & Entrepreneurship (CIDE) of the Chinese University of Hong Kong (Shenzhen) invited Professor Nancy Ip, Vice President of Research & Development of the Hong Kong University of Science and Technology (HKUST), Raymond Ng, Partner of Harneys HK, Henry Tan, co-founder and partner of Q Venture Partners, and Grégory Franc de Ferrière, Head of Products of Logitech HK & Board Member of AmCham HK, for a unique technology salon.

The salon was simultaneously broadcast worldwide via the Vzan platform and the official CIDE account on the Bilibili platform. The number of online participants and viewers exceeded 259,800, and simultaneous interpretation in Chinese & English was provided. Guests shared and discussed with elites from all walks of life from all over the world on Deep Tech Innovations - Opportunities for Hong Kong and the Greater Bay Area (GBA).

Lecture Introduction

Deep tech innovations such as semiconductors, advanced manufacturing, AI, biotechnology, robotics, and electronics often create new markets or disrupt existing markets. High-tech start-ups with strong intellectual property rights have become an important area of ​​focus for global investors and companies. In the past ten years, global private investment in these deep tech startups has grown at an annual rate of over 20%, of which the US and China accounted for over 80%. Many companies are using the startup ecosystem to search for potential technology and business partners. For a young company, as its productization and commercialization expand, it mainly relies on two success factors - a perfect supply chain and reliable early financing. These are also the core competitiveness of Hong Kong and the cluster of its surrounding cities in the GBA.

The Planning Guidelines for the Guangdong-Hong Kong-Macao Greater Bay Area and the 14th Five-Year Plan (2021-2025) issued by the Chinese government have brought huge opportunities for the future development of Hong Kong's innovative technology industry. As an important part of a successful city cluster, Hong Kong has begun to establish a new image in the field of innovation and technology, which has opened a new window of opportunity for Hong Kong. Hong Kong can benefit from the market size, commercialization, and high scientific research investment of the Guangdong-Hong Kong-Macao GBA. As one of the core engines for the development of the Guangdong-Hong Kong-Macao GBA, Hong Kong has demonstrated its unique advantages in various fields of technology, such as higher education, overseas talents, and the support of the one country, two systemspolicy.

Keynote Speakers

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Lecture Review

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First of all, Professor Nacy Ip, Vice President of HKUST, talked about how Hong Kong could seize these opportunities in its innovation and technology development. She pointed out that innovation and cooperation are the best way to connect Hong Kong and mainland China, and the development of the GBA requires attention to three major issues, namely, investment, talents and technology transfer. China is a big country in the development of science and technology, and we need multiple measures to establish an ecosystem for economic development. Secondly, Professor Ip focused on the development of the GBA. An integrated development of the GBA can improve the environment for resource optimization, The advantages of Hong Kong and mainland China can complement each other to achieve synergy. She pointed out that the government should formulate favorable measures and supporting policies to promote Hong Kongs integration into the GBA development. Professor Ip also mentioned the Dual Circulation strategy in the 14th Five-Year Plan, which is mainly based on the internal circulation which refers to domestic economic activities, and uses the external circulation which refers to Chinas economic link with the outside world as a supplement and extension. The two complement and empower each other. Finally, Professor Ip pointed out that fundamental research helps enhance competitiveness. She called on Hong Kong to actively participate in and integrate into the national development strategy to contribute to the overall development of the country.

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Grégory, Head of Products of Logitech HK & Board Member of AmCham HK, also put forward his insights on how to use deep tech to create solutions, develop business and coping strategies. Grégory used video collaboration as an example to explain to us how Logitech improved efficiency by adding video collaboration functions to small meeting rooms. Grégory pointed out that deep tech can create solutions and improve design thinking. The supply chain can also help establish connections between companies and create solutions. He believes that we need open technology to meet demand. Regarding the question of how Logitech interacts and cooperates with other companies, he pointed out that the company had established partners and deeply integrated solutions.

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Grégory, Head of Products of Logitech HK & Board Member of AmCham HK, also put forward his insights on how to use deep tech to create solutions, develop business and coping strategies. Grégory used video collaboration as an example to explain to us how Logitech improved efficiency by adding video collaboration functions to small meeting rooms. Grégory pointed out that deep tech can create solutions and improve design thinking. The supply chain can also help establish connections between companies and create solutions. He believes that we need open technology to meet demand. Regarding the question of how Logitech interacts and cooperates with other companies, he pointed out that the company had established partners and deeply integrated solutions.

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Finally, Raymond Ng, partner of Harneys HK, talked about the ways to obtain external funding and equity investment. He pointed out that the GBA has high-value business financing capabilities, and reliable financing channels can help financing companies grow. Mr. Ng pointed out that investors are passive and mainly driven by return on investment. Therefore, enterprises should join holding companies to ensure the interests of investors, issue different types of stocks to investors, and business owners need to seek professional advice to help the development of their companies.

Q&A

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After the sharing by the four keynote speakers, the teachers and students of our university and people from all walks of life showed a strong interest in the deep tech innovations of the GBA.

They asked Professor Ip about how the young generation could take advantage of the development opportunities in the GBA to become scientists and Hong Kongs R&D competitiveness in biotechnology. Professor Ip encouraged young people to follow their hearts and embark on the journey of technological development with enthusiasm and determination. She also recommended that students should actively learn from their role models and find goals and directions that suit them.

In addition, the audience also discussed other issues with the speakers, such as the criteria for investing in tech companies, how to cooperate with other companies, and how to meet their own needs and get involved in the supply chain, talent recruitment & retention, and conflicts of interest. The speakers shared their insightful views, and the students were strongly inspired.

I believe that everyone has benefited a lot from this lecture and gained knowledge related to deep tech innovations. We are very grateful to the four keynote speakers and their wonderful lectures, and we believe that students have gained knowledge and inspiration from this lecture, and will actively participate in future activities with a curious mind to discuss more interesting topics together.

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Click the link to watch the event recap :

http://wx.vzan.com/live/tvchat-1491144864?v=637582495479139871