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HKSTP Shines for the First Time at Techsauce Global Summit 2024

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HKSTP

Establishing Extensive Connections with Thailand’s Innovation Ecosystem as 8 Thai Startups Successfully Land at HK Science Park
HONG KONG SAR – Media OutReach Newswire – 8 August 2024 – Hong Kong Science and Technology Parks Corporation (HKSTP) is leading 14 pioneering startups to the Techsauce Global Summit 2024, Southeast Asia’s premier innovation and technology flagship event, from 7-9 August in Bangkok, Thailand. The participation aims to support startups from conception through to commercialisation and expand their global marketing reach. The summit serves as a crucial launchpad for startups aiming to scale new heights, focusing on the pivotal role that AI and related technologies are poised to play in shaping the future. This reinforces Hong Kong’s status as a global innovation and technology (I&T) hub.

HKSTP is leading 14 pioneering startups to the Techsauce Global Summit 2024, Southeast Asia’s premier innovation and technology flagship event, from 7-9 August in Bangkok, Thailand.

The Hong Kong Pavilion features market-ready innovations in Artificial Intelligence, Advanced Electronics, Digital Transformation, and Sustainable Technology. The featured technologies include large language model (LLM), blockchain, and AI integrations for enhancing the efficiency of professional services such as legal and human resources management and AI-driven tools for digital marketing, e-commerce, and personal care. These showcases illustrate Hong Kong’s research prowess and potential to effect global change. Their presentation at the Summit is expected to capture worldwide attention and open potential business opportunities.

On-us, one of the exhibiting startups received the prestigious “Techsauce Innovation Award 2024” at the Summit. On-us offers innovative a global B2B2C personalised e-voucher incentive platform empowers businesses to elevate customer engagement through flexible fintech solutions and advanced AI analytics.

Mr Derek Chim, Head of Incubation and Acceleration Programmes of HKSTP, led the delegation to the Summit and said, “We are thrilled to participate in the Techsauce Global Summit for the first time, presenting Hong Kong’s dynamic innovations to make a significant impact in the Southeast Asian market. As the largest I&T ecosystem in Hong Kong, HKSTP is committed to offering a unique and comprehensive incubation programme with “go global” DNA to nurture startups from conception to commercialisation. It provides an end-to-end pathway with robust support, including a wide network of alumni, mentors, and investors, to commercialise their innovative ideas. This exhibition not only highlights Hong Kong’s role as a super-connector between East and West but also strengthens our position as a leading international I&T hub.”

In partnership with InvestHK and the Hong Kong Trade Development Council (HKTDC), 14 startups from HKSTP are exhibiting at Techsauce Global Summit 2024:

Artificial Intelligence

Generative AI for Legal Service – The up-and-coming startup D-Engraver Limited integrates blockchain and AI to establish a global Distributed Artificial Intelligence network, enhancing industry efficiency and data security from Hong Kong.
Hair Analysis and Hair Care Tailored by AI – With an award-winning AI technology, HairCoSys offers a hair and scalp analysis system to detect 20 different hair health issues. It also provides personalised recommendations to prevent hair loss.
Game-changing AI Powered Job Interview with No Barriers – Neufast Limited provides a patent-filed AI video interview tool with support for English, Bahasa Malaysia, Thai, and 10 other popular languages for talent assessment in a neutral, impartial and a holistic way in banking and insurance sector, achieving high-quality hires and 1.5 times productivity.
Talent Matching Made Easy via AI Tools – Speakmanity Limited introduces Career Hackers that connects candidates to corporations through AI-driven assessment tools, serving multi-national corporations, and collaborating with top universities.
Advanced Electronics

Metro Ethernet Connectivity for Smart City – eSIX Limited is a pioneer of innovative Metro Ethernet network technology, revolutionising connectivity for smart cities and businesses with cutting-edge IPfiber technology on 5G and legacy networks.
Disruptive Blockchain Identity Tokenization for Safer Legal Service – Real Matter Technology Limited focuses on blockchain identity technology for chip-level smart contracts and asset tokenisation, catering to Web3.0 platforms.
Groundbreaking Mobile Gimbal Stabilization for Better Photography – Vista InnoTech Limited develops Micro Gimbal Stabilizer technology for mobile devices, enabling sharp images even in shaky and low-light environments.
Digital Transformation

AI SEO Tools Boasts Businesses Succeed – Aloha Group Limited specialises in SEO and digital marketing, utilising technology to enhance online visibility and customer engagement.
AI Tool for Remote Work Efficiency – ATech Solution Limited develops Capacitor, promoting long-term sustainability for companies by tackling the distinctive obstacles of remote work through an AI-driven analytical tool for time and HR management.
Revolutionary FinTech and MarTech for Sales Success – On-us is a global B2B2C personalised e-voucher incentive platform leveraging FinTech and behavioural AI to enhance consumer engagement and unlock maximum value for all stakeholders in our ecosystem.
Trend-setting E-commerce Returns – Return Helper provides an end-to-end return management solution integrated with major online marketplaces, optimising e-commerce return processes.
Transforming E-commerce With 3D Scanning – Scan the World Limited revolutionises eCommerce and the web browsing experience with user-generated 3D scanning.
Sustainable Technology

Environmental Tech for Rare Earth and Metals – Achelous Pure Metal Company Limited engages in the sustainable development of lithium batteries and metal sectors, focusing on environmental technologies for e-waste and wastewater treatment, and metal refinery.
Innovative AI Robotics for Medical and Hospitality – Novelte Robotics revolutionises traditional robots with AI and advanced robotics for autonomous solutions in the medical and hospitality sectors, enhancing operational efficiency and productivity.
Leading up to the Techsauce Global Summit, HKSTP organised a series of strategic pre-event activities to enhance interactions and deepen connections within the local and regional innovation ecosystems. This initiative aligns HKSTP’s Innovation Mixer mission, which is to collaborate with enterprises and talent from around the world to grow our innovation and technology (I&T) ecosystems. The pre-event activities included meetings and exchanges with the National Innovation Agency (NIA), Digital Economy Promotion Agency (DEPA), True Digital Park, and investors, aiming to foster collaborative opportunities and demonstrate Hong Kong’s commitment to technology and innovation.

HKSTP actively engages with the I&T ecosystem across Southeast Asia, utilising Hong Kong’s strategic location to attract tech companies from the region. The HKSTP’s “HK Sandbox Programme” Cohort 1 was launched in 2023 for Thai startups to explore opportunities for growth in Hong Kong. Eight Thai startups joined HKSTP’s Ideation programme and landed in Hong Kong to further expand market coverage. Riding on the success of Cohort 1, applications are now open for a new cohort of Thai startups. Hong Kong serves as a pivotal gateway not only to Mainland China but also to the GBA, providing access to vast regional and international markets.

Techsauce Global Summit 2024

Date: 7-9 August 2024 (Wednesday to Friday)
Venue: Queen Sirikit National Convention Center (QSNCC), 60 Queen Sirikit National Convention Center, Ratchadaphisek Road, Khlong Toei Sub-district, Khlong Toei District, Bangkok 10110, Thailand
Hong Kong Pavilion Booth No.: C9-C10

Photo download here.

Appendix 1 – List of 14 startups from HKSTP exhibiting at Techsauce Global Summit 2024:
Achelous Pure Metal Company Limited
Aloha Group Limited
ATech Solution Limited
D-Engraver Limited
eSIX Limited
HairCoSys Limited
Neufast Limited
Novelte Robotics
On-us Company Limited
Real Matter Technology Limited
Return Helper
Scan the World Limited
Speakmanity Limited
Vista InnoTech Ltd. (VIT)
Appendix 2 – List of Thai startups of the HK Sandbox Programme Cohort 1:
Jaikla
Tasted Better
AltoTech Global
Dragkooler
Nano Coating Tech
MUU
EASYRICE
Krono Life

Hong Kong Science and Technology Parks Corporation
Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 12 unicorns, more than 14,000 research professionals and over 1,800 technology companies from 29 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.

Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.

Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.

Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues contribute in establishing I&T as a pillar of growth for Hong Kong.

More information about HKSTP is available at www.hkstp.org.

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Nigeria’s Upstream Reform Program Captures 40% of Africa’s Final Investment Decision (FID) Activity After a Decade on the Margins

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May 8, 2026

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African Energy Chamber

A government three-year review documents how executive action under President Tinubu reversed a decade of upstream decline

JOHANNESBURG, South Africa, May 8, 2026/APO Group/ –Nigeria has gone from capturing 4% of Africa’s upstream final investment decisions (FIDs) to commanding 40% in two years, according to Nigeria’s Energy Sector Reforms 2023-2026: A Three-Year Review, published by the Office of the Special Adviser to the President on Energy and spearheaded by Special Adviser Olu Verheijen. The $50 billion project pipeline now in development beyond 2026 points to sustained capital commitment at a scale not seen in the Nigerian upstream for at least a decade.

 

Between 2014 and 2023, Nigeria was among the continent’s weakest performers for upstream FIDs despite holding 37.5 billion barrels of proven oil reserves, the second-largest endowment in Africa. Algeria captured 44% of African upstream FIDs during that period, Angola held 26%, while Nigeria trailed Mozambique, Ghana, Senegal and Namibia. In the third quarter of 2022, crude production briefly dropped below one million barrels per day, as years of underinvestment, pipeline vandalism and regulatory ambiguity compounded each other. However, reforms instituted by Nigeria’s President Bola Tinubu have dramatically turned this trend around. Through deliberate and coordinated steps, the government has reset the trajectory.

Addressing Fiscal Terms, Regulatory Scope and Contracting Speed

President Bola Tinubu’s administration moved simultaneously on fiscal terms and regulatory architecture. Policy directives in 2023 clarified the boundary of jurisdiction between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), resolving an ambiguity that had complicated project sanctioning. Presidential Directive 40 introduced targeted tax incentives, and a separate Notice of Tax Incentives for Deep Offshore Production in 2024 was designed to draw international oil companies (IOCs) back into capital-intensive, long-cycle deepwater projects. The VAT Modification Order 2024 and Upstream Cost Efficiency Order 2025 addressed the cost structures that had rendered marginal projects uneconomic. NNPCL contracting timelines were compressed from 36 months to a maximum of six months.

Four Divestments Transferred Onshore Control to Indigenous Operators

In parallel, the administration deployed targeted security directives and accelerated ministerial consents for four IOC asset transfers. Renaissance acquired Shell’s onshore portfolio. Seplat Energy completed its acquisition of ExxonMobil’s Nigerian upstream interests. Oando took over from Agip, and Chappal acquired Equinor’s local assets. The four transactions totaled approximately $4 billion. The transfer of onshore and shallow-water blocks to indigenous operators contributed directly to production recovery. Output rose by approximately 400,000 barrels per day between 2023 and 2025 to reach 1.6 million barrels per day, the highest onshore production level in 20 years.

When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds

Signed Projects Total $10 Billion, With a $50 Billion Pipeline Beyond

The reforms produced a concrete FID response from Shell and TotalEnergies. Shell Nigeria Exploration and Production Company (SNEPCo) sanctioned the $5 billion Bonga North deepwater development in December 2024 and committed a further $2 billion to the HI Non-Associated Gas (NAG) project. TotalEnergies and NNPCL took a joint FID on the $550 million Ubeta gas field development in June 2024.

Together those three commitments account for more than $10 billion in signed investment after a decade of near-zero sanctioning activity. The pipeline beyond 2026 spans a further $50 billion across 11 projects including Bonga South West, Owowo, Usan and Erha. Nigeria approved 28 field development plans valued at $18.2 billion in 2025 alone, targeting an estimated 1.4 billion barrels of reserves.

“When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “Nigeria has done both, and the FID numbers are concrete proof.”

The Counterfactual Illustrates How Much Was at Stake

The presentation includes a no-reform projection that puts the gains in context. Without intervention, total crude and condensate production was on track to fall from 1.371 million barrels of oil equivalent per day in 2022 to 579,000 by 2030. Under the reform trajectory, output reached 1.77 million barrels of oil equivalent per day in 2026, with a stated government target of 3 million barrels per day. Export gas utilization rose 39% over the same period, while domestic utilization grew by 7%.

The durability of these gains will be tested by two factors: whether the institutional architecture put in place under the Tinubu administration holds over the long term, and whether the deepwater commitments signed in 2024 and 2025 advance to execution on schedule. The project pipeline is large enough that partial delivery would still represent a generational shift in Nigeria’s upstream output profile.

 

Distributed by APO Group on behalf of African Energy Chamber.

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Angola Strengthens Global Investment Drive Across Oil, Gas and Mineral Resources

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May 8, 2026

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Angola

With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership

LONDON, United Kingdom, May 8, 2026/APO Group/ –At a defining moment in Angola’s economic transformation, the Critical Minerals Africa Group (CMAG) (https://CMAGAfrica.com), together with the Government of Angola and the Ministry of Mineral Resources, Petroleum and Gas of the Republic of Angola (MIREMPET), will convene global investors, policymakers, and industry leaders in London for the Angola Oil, Gas & Mining Investment Conference on 14 May 2026.

 

More than a conference, this gathering represents a strategic international engagement at a time when Angola is actively reshaping its economic future and positioning itself as one of Africa’s most compelling destinations for long-term investment in natural resources, infrastructure, and industrial development.

With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership. The country’s leadership is sending a clear message to global markets: Angola is open for investment and ready to build transformational partnerships that support sustainable growth and economic diversification.

This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future

The event will be headlined by H.E. Diamantino Azevedo, Minister for Mineral Resources, Oil and Gas of Angola, whose leadership since 2017 has been central to advancing Angola’s mineral and hydrocarbons agenda. Under his stewardship, Angola has accelerated institutional reform, strengthened governance frameworks, promoted private sector participation, and prioritised sustainable resource development.

As global demand intensifies for critical minerals, energy security, and resilient supply chains, Angola is uniquely positioned to become a strategic partner to international investors and industrial economies. The country’s vast untapped mineral wealth, significant oil and gas reserves, expanding infrastructure ambitions, and commitment to economic diversification present a rare investment window for global stakeholders.

Speaking ahead of the event, Veronica Bolton Smith, CEO of the Critical Minerals Africa Group said:

“Angola stands at a pivotal point in its national development. The reforms taking place across the country’s extractive sectors are creating unprecedented opportunities for responsible international investment and strategic partnership. This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future as a globally competitive investment destination. We believe this moment represents one of the most important opportunities for international partners to engage with Angola’s leadership and participate in the country’s next chapter of economic transformation.”

The event is expected to attract a distinguished international audience, including sovereign representatives, institutional investors, mining and energy executives, infrastructure developers, development finance institutions, and strategic partners seeking direct engagement with Angola’s leadership.

Distributed by APO Group on behalf of Critical Minerals Africa Group (CMAG).

 

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The Islamic Development Bank (IsDB) Group Successfully Concludes Private Sector Roadshow in Baku

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May 8, 2026

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Islamic Development Bank

Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan

BAKU, Azerbaijan, May 7, 2026/APO Group/ –The Islamic Development Bank Group (IsDB) affiliates (www.IsDB.org) – namely the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC) – in cooperation with the Islamic Development Bank Group Business Forum (THIQAH), organized the “IsDB Group Private Sector Roadshow” in Baku, Azerbaijan, in close collaboration with the Ministry of Economy of the Republic of Azerbaijan and the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO).

 

The high-profile event which took place on Thursday, 7th May 2026, at Azerbaijan’s Ministry of Economy, came as part of ongoing preparations for the upcoming IsDB Group Annual Meetings and Private Sector Forum (PSF 2026), scheduled to take place from 16 to 19 June 2026, under the high patronage of His Excellency President Ilham Aliyev, the President of the Republic of Azerbaijan.

 

Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan. It highlighted the Group’s ongoing support for private sector development and its efforts to stimulate promising investment and trade opportunities in the Azerbaijani market.

 

The event also served as a unique opportunity inviting the audience to participate actively in IsDB Group Annual Meetings and the Private Sector Forum (PSF 2026). The program included panel discussions and specialized workshops on ways to enhance economic partnerships and the role of IsDB Group’s institutions in supporting the needs of member countries. The spectra of services, solutions and financial tools were also presented, including lines and modes of Islamic financing, trade finance and trade development solutions, corporate private sector financing, as well as risk mitigation solutions plus investment insurance and export credit insurance services.

 

Keynote speakers, in their speeches, underlined strong commitment to deepening engagement with the private sector and fostering meaningful partnerships that drive sustainable economic growth in light of the upcoming IsDB Group Annual Meetings in Baku, all to showcase integrated solutions especially in Islamic finance, trade, investment, and risk mitigation while working closely and collectively with private sector partners to unlock new opportunities, support innovation, and empower businesses contributing to inclusive and resilient development across IsDB Group member countries.

Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group).

 

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