Connect with us

Business

HKSTP Companies Exhibit the Latest AI Technology Solutions at InnoEX 2024 and the Hong Kong Spring Electronics Fair (Spring Edition)

Published

11 months ago

on

HKSTP

HONG KONG SAR – Media OutReach Newswire – 15 April 2024 – The Hong Kong Science and Technology Parks Corporation (HKSTP), alongside 25 partner companies, has taken part in Asia’s leading annual innovation and technology (I&T) event, InnoEX 2024, and the world-class electronics industry event, the Hong Kong Electronics Fair (Spring Edition). Under the theme: From Smart Vision to Intelligent Future, HKSTP presents cutting-edge R&D achievements from 16 partner companies in fields such as Smart City, AI and Robotics, Digital Business, and Marketing Tech, further showcasing the region’s research strengths.

Paul Chan, the Financial Secretary of HKSAR, Lillian Cheong, Under Secretary for Innovation, Technology and Industry of HKSAR, accompanied by Ir Dr HL Yiu, Chief Corporate Development Officer of HKSTP, visited HKSTP’s booth at InnoEX to experience the latest local R&D achievements.

HKSTP has been steadfast in its commitment to nurturing innovative enterprises that advance the development of Hong Kong as a smart city. On the exhibition’s opening day, HKSTP arranged two start-up showcase sessions, which provided opportunities for business matching and investment opportunities. The sessions were conducted in a competitive format, with the winning start-up scheduled to participate in the Techsauce Global Summit in Bangkok, Thailand, in August, with HKSTP to achieve potential business expansion in Asia.

Ir Dr HL Yiu, Chief Corporate Development Officer of HKSTP, said: “China is focusing on the development of ‘new quality productive forces’, with I&T serving as the core driving force. Our participation in InnoEX presenting market-ready solutions to both local and overseas buyers is expected to capture their attention and garner brand exposure. HKSTP will continue to refine its support for nurturing startups, accelerating the process from R&D to commercialisation, thus fostering the development of intelligent living.”

According to the United Nations Conference on Trade and Development (UNCTAD)’s Global Frontier Technology Readiness Index in 2023, Hong Kong has ascended from 13th to 9th globally in the capability to utilise cutting-edge technologies, such as artificial intelligence (AI) and IoT. This significant leap underscores a marked enhancement in Hong Kong’s application of innovative technologies. As technological products are now closely intertwined with AI, several partner companies have integrated AI into their offerings for greater intelligence, customisation, and optimisation of efficiency, which in turn significantly enhances the user experience. For example, smart building solutions employ sensors to gather environmental data for subsequent analysis. The integration of AI improves the volume, speed, and precision of data processing. Additionally, some startups have incorporated AI into digital marketing tools, refining the advertisement production workflow, enabling the creation of more targeted and cost-efficient advertising strategies.

In collaboration with global universities, the 14 research AI and robotics laboratories under InnoHK’s “AIR@InnoHK” will show case some of the most advanced solutions at InnoEX.

This year’s InnoEX gathers world-class innovative solutions, featuring science and technology enterprises from over 13 countries and regions, including Hong Kong, Mainland China, Canada, France, India, Poland, Thailand, the United Kingdom, and more.

HKSTP’s flagship start-up pitching competition, EPiC, will also culminate with its Grand Finale on the 26th of April at the top of Hong Kong’s iconic International Commerce Centre. The top 74 global start-ups reaching the final round will compete for potential investments totalling USD 45 million. This includes venture capital investment of up to USD 5 million, cash prizes totalling USD 240,000, and opportunities for commercial collaborations. Participating start-ups can benefit from HKSTP’s unrivalled ecosystem as a springboard to tap into the vast opportunities in Mainland China, Asia, and other overseas markets.

Some of the latest products and solutions exhibited by HKSTP partner companies at InnoEX include:

Smart City Solutions

Intelligent Transformation for Old and New Buildings: Comprehensive realization of smart buildings – Neuron Digital’s smart building solutions are tailored for a variety of applications, featuring specialised modules that can interface with 5G or IoT. These systems collect data on temperature, humidity, air quality, space occupancy, etc. By integrating AI with digital twins, Neuron Digital offers a detailed 3D virtual model of a building’s internal and external environments. This enables developers, building operators, and facilities management teams to easily monitor and optimise facility operations, leading to significant energy savings, enhanced building management efficiency, sustainability, and thus contributing to a better living environment.

Digitalised Transport Solutions for Smart Cities – Smart transportation is a pivotal component of smart cities, and Neuvix is at the vanguard with solutions that leverage edge computing, computer vision, AI, and digital twin. These solutions support the intelligent upgrading of transport infrastructure, analysing driving behaviour on roads, traffic flow, and vehicular data at stations to realise intelligent transportation systems and smart stations.

Digital Business

Creating Sterile Environments with 20kV – Apicem Technology Services Company Limited (ATS) has developed a patented Baal Decontamination system that utilises a 20kV high-voltage electric field to eliminate bacteria and viruses, thereby purifying the air. It represents a new green technology capable of one-off filtration of carbon dioxide, nitrogen dioxide, and the removal of dioxins, hydrogen sulphide, formaldehyde, volatile organic compounds, and odours. Its cloud-based Indoor Air Quality (IAQ) monitoring system can track improvements down to PM1.0 particulates and can be integrated with existing property management systems to achieve digitalised management and sustainable development.

Asia’s First “On-premise” AI Bot Development Platform – GPTBots.ai – empowers business enterprises to effortlessly custom-build and train their own exclusive AI bots within their networks. It is the first platform in Asia that enterprises can mitigate the risk of data breaches without using third-party AI platforms. By simply uploading their proprietary data to the internal knowledge base and connecting to large language models (LLM) of their choice, enterprises can seamlessly train the bots through interactive chatting. The versatility of these AI bots spans across a broad spectrum of applications, encompassing translation services, customer engagement, personal assistance, and knowledge retrieval, among others.

AI and Robotics

Hong Kong-developed robots target ESG implementation challenges – In a bid to address challenges such as staffing difficulties in property management and healthcare services, Novelte has launched a series of robots designed to tackle issues related to Environmental, Social, and Governance (ESG). These robots are particularly focused on enhancing daily operations in property management and facilitating hospital deliveries. Established in 2019, the company specialises in the R&D of robotics and has since introduced a diverse range of robots tailored for various applications, including meal delivery, intelligent assistance, and security.

Marketing Tech

Asia’s Leading AI Advertising Platform Elevates Efficiency – GoGoChart has unveiled AppAura, a state-of-the-art digital marketing and ad management platform that utilises AI to optimise the ad management process and boost advertising effectiveness. Users can with ease create engaging advertising campaigns and content, enjoy the advantages of cross-platform integration and streamlined ad management across major online media platforms. This enhances work efficiency and cuts costs for users, granting clients a significant advantage in the highly competitive digital market.

AI SEO Tools Help Businesses Succeed in the Global Market – Capturing the attention of the target audience amidst the overwhelming information of the digital age, Search Engine Optimization (SEO) is crucial. The Hong Kong startup Aloha has unveiled its self-developed SEO tool, RankBot, which incorporates AI and real-time global search engine data, offering support for over 90 regions and 45 languages. RankBot’s cutting-edge technology empowers users to make precise, data-driven decisions, drastically cutting down the time needed to execute and manage SEO and improving their products’ global search engine rankings, thus aiding businesses in expanding their international presence.

InnoEX 2024
Date: 13-16 April, 2024
Venue: Hong Kong Convention and Exhibition Centre, 1 Expo Drive, Wan Chai
HKSTP Pavilion Booth No: 3C-B01

Hong Kong Electronics Fair (Spring Edition)
Date: 13-16 April, 2024
Venue: Hong Kong Convention and Exhibition Centre, 1 Expo Drive, Wan Chai

Elevator Pitch Competition (EPiC 2024) Grand Finale
Date: 26 April, 2024
Venue: Sky100 Observation Deck, International Commerce Centre

About 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 1,700 technology companies from 26 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 Shatin, 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.

Related Topics:
Continue Reading
Advertisement

Business

KCB Group and Bank of Kigali launch Pan-African Payment and Settlement System (PAPSS), enabling seamless and affordable cross-border payments across Africa

Published

8 hours ago

on

March 6, 2025

By

KCB Group

With this launch, businesses and individuals can benefit from faster, more cost-effective, and secure payments without relying on correspondent banks or third-party currencies

CAIRO, Egypt, March 6, 2025/APO Group/ —

The Pan-African Payment and Settlement System (PAPSS), launched by African Export-Import Bank (Afreximbank) (www.Afreximbank.com) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, has recorded a significant milestone in its journey towards enhancing financial integration and economic prosperity across Africa with the official launch of the platform by KCB Group in Kenya and Bank of Kigali in Rwanda.

The launches, by the Bank of Kigali in Kigali on 26th February and KCB in Nairobi on 27th February, made the two banks the first in their respective countries to integrate the transformative system into their operations, underscoring their commitment to championing intra-African trade and supporting the efforts of the AfCFTA.

KCB and Bank of Kigali customers will now be able to send and receive cross-border payments using PAPSS. The service is fully operational and accessible via the banks’ mobile applications and branch networks, enabling seamless transactions across African borders. With this launch, businesses and individuals can benefit from faster, more cost-effective, and secure payments without relying on correspondent banks or third-party currencies.

Highlighting the benefits of PAPSS to customers of KCB and Bank of Kigali, Mike Ogbalu III, CEO of PAPSS, said, “The customers will experience faster, more cost-effective, and secure cross-border transactions from the comfort of their banks’ mobile applications or through their branches. Businesses can trade more freely and competitively by eliminating the need for correspondent banks outside the continent and removing dependencies on third-party currencies. This transformation is set to unlock new opportunities for trade and investment, allowing African SMEs to access broader markets and contribute to local economies.”

Mr. Ogbalu III expressed deep gratitude to KCB and Bank of Kigali for their pioneering roles in adopting the PAPSS initiative and commended Paul Russo, KCB Group CEO, and Dr. Diane Karusisi, CEO of Bank of Kigali, “for their “visionary leadership and unwavering commitment”.

This transformation is set to unlock new opportunities for trade and investment, allowing African SMEs to access broader markets and contribute to local economies

He noted that the PAPSS network, which began in 2022 in a pilot phase across the West African Monetary Zone (WAMZ), had successfully grown to include 15 central banks, over 150 commercial banks, and 14 switches, adding that the current “expansion marks a significant stride toward our goal of connecting the entire continent, ensuring that every African citizen can benefit from seamless, cost-effective cross-border transactions”.

“With only 16 per cent of Africa’s total trade occurring intra-regionally, the launch of PAPSS in Kenya and Rwanda is a significant step in unlocking the continent’s potential,” continued Mr. Ogbalu III. “We believe that this innovative financial market infrastructure will facilitate greater trade opportunities, economic growth, and financial empowerment between the Eastern African countries and the rest of Africa.”

He called on other central and commercial banks in Eastern Africa to join the PAPSS family in order to play a pivotal role in the AfCFTA as it worked to build a more prosperous and unified Africa.

Speaking on the milestone, KCB Group CEO, Paul Russo, said: “We want to play a bigger role in catalyzing trade and payments in Africa and beyond, leveraging our digital capabilities and regional footprint. Our entry into PAPSS aligns perfectly with our strategy of supporting economic growth in Kenya and across Africa by facilitating seamless financial transactions.”

Dr. Diane Karusisi, CEO of Bank of Kigali, highlighted the significance of the partnership: “This system allows people to send money quickly. For example, if someone sends Rwandan francs from Rwanda, it can reach Ghana in their local currency. The system converts the currency to meet the local requirements. Entrepreneurs in Rwanda can now receive payments instantly in Rwandan francs or USD from any member country. This service is fast, affordable, and reliable.”

Distributed by APO Group on behalf of Afreximbank.

Continue Reading

Business

Kaspersky and Smart Africa forge strategic partnership to bolster cybersecurity in Africa

Published

8 hours ago

on

March 6, 2025

By

Kaspersky

The partnership focuses on building essential cybersecurity skills via training programs, including those offered by the Kaspersky Academy

JOHANNESBURG, South Africa, March 6, 2025/APO Group/ –In a move to enhance digital security on the African continent, Kaspersky (www.Kaspersky.co.za) has signed a three-year Memorandum of Understanding (MoU) with Smart Africa. This landmark agreement is set to drive collaborative efforts aimed at expanding cybersecurity capabilities throughout Africa.

The partnership focuses on building essential cybersecurity skills via training programs, including those offered by the Kaspersky Academy (https://apo-opa.co/41r6HzS) — an international educational venture established in 2010 with a mission to drive the best cybersecurity education to build a safer digital world. Another major focus of the partnership will be addressing gender disparities by supporting initiatives that empower girls and women in the fields of cybersecurity, STEM, and ICT, which is a continuation of Kaspersky’s efforts aimed at empowering female professionals (https://apo-opa.co/4h51gwk) in IT and attracting more women in the field.

In addition to human capacity development, the collaboration aims to standardise cybersecurity policies by pooling both organisations to create harmonised regional and national frameworks. This effort involves working closely with cybersecurity authorities, law enforcement agencies, computer emergency response teams, industry leaders, and other key stakeholders to ensure a unified approach to digital security.

Moreover, the initiative is geared towards strengthening technological defenses. This includes establishing critical cyber infrastructures such as security operation centers and computer emergency response teams, as well as offering expert technical consulting to prevent and mitigate the effects of cybercrime.

Our strategic partnership with Smart Africa is designed to help create a more secure cyberspace across the continent and beyond

Lacina Koné, CEO of Smart Africa, commented: “This MoU marks a significant milestone in our quest to secure Africa’s digital future. By joining forces with Kaspersky, we are not only building essential cybersecurity skills and bridging the gender gap but also setting the stage for robust regional cooperation and state-of-the-art cyber infrastructure.”

Eugene Kaspersky, founder and CEO of Kaspersky, noted: “Our strategic partnership with Smart Africa is designed to help create a more secure cyberspace across the continent and beyond. We see this initiative as a commitment to empowering both individual users and organisations to ensure that everyone can navigate the digital world safely and with confidence.”

This partnership reflects Kaspersky’s commitment to a collaborative approach in creating a more safe and secure digital space by building strategic partnerships helping to enhance efforts aimed at boosting the global cyber resilience. It also builds on the momentum of the recently established African Network of Cybersecurity Authorities (ANCA), a collaborative initiative designed by Smart Africa to bring together cybersecurity authorities from African countries to address the growing challenges posed by cyber threats and crimes.

Together with Smart Africa’s unwavering commitment to building a secure, inclusive, and digitally empowered continent, the joint cooperation is poised to address the evolving challenges of the cyber world and position Africa as a model of digital security innovation.

Distributed by APO Group on behalf of Kaspersky.

Continue Reading

Business

ARISE IIP secures $450 million Afreximbank facility for industrial parks, Special Economic Zones development

Published

8 hours ago

on

March 6, 2025

By

ARISE IIP

ARISE IIP will deploy the remaining US$ 150 million to develop an industrial park in Lilongwe, Malawi, and as trade finance for the activities of its export trading company in Malawi under Afreximbank’s Export Agriculture for Food Security initiative

CAIRO, Egypt, March 6, 2025/APO Group/ —In a significant move aimed at boosting industrial development across Africa, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) signed a US$450 million global credit facility with ARISE IIP, the leading pan-African developer and operator of world-class industrial parks. This financing will support the development of industrial parks and Special Economic Zones (SEZ), while also providing crucial trade finance support to businesses operating within the ARISE IIP ecosystem. 

 

The US$ 450 million, granted in the context of Afreximbank’s strategic objective of promoting, facilitating, and supporting Africa’s industrialisation ecosystems, is part of a proposed US$ 800-million facility to support ARISE IIP in developing Industrial Parks (IPs) and SEZs in such countries as Nigeria, Cote d’Ivoire, Chad, Kenya, Democratic Republic of Congo (DRC) and Malawi, among others.

Under the terms of the facility agreement, ARISE IIP will deploy US$ 300 million to finance working capital requirements for its operating Industrial Parks (GDIZ-Benin, PIA-Togo, LAHAM TCHAD-Chad, PEIA-Cote d’Ivoire and BSEZ-Rwanda) and for capital expenditures for the development of new industrial parks in DRC, Kenya, Chad, Nigeria and Cote d’Ivoire.

ARISE IIP will deploy the remaining US$ 150 million to develop an industrial park in Lilongwe, Malawi, and as trade finance for the activities of its export trading company in Malawi under Afreximbank’s Export Agriculture for Food Security initiative.

This is our way of supporting value addition and structural transformation of African economies

Signing the agreement on behalf of ARISE IIP was Arvind Arora, the Chief Treasury Officer, while Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development, signed on behalf of Afreximbank.

Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development Bank said: “The facility reflects Afreximbank’s ongoing commitment to mobilising financial and technical resources towards the promotion of industrialisation across Africa. This is our way of supporting value addition and structural transformation of African economies. We remain eager to collaborate with key stakeholders to build trusted partnerships and to industrialise African countries. Afreximbank strongly believes that IPs and SEZs are veritable tools that Africa can deploy to fast-track industrial infrastructure development and to promote intra-African trade and export development. With ARISE IIP as an established developer and operator of IPs and SEZs on the continent, we are confident that this facility will contribute to supporting the continental industrialisation agenda.” 

Arvind Arora, Chief Treasury Officer of ARISE IIP remarked: “The US$450 million facility represents a major step forward in supporting Africa’s industrialisation efforts. This financing covers critical working capital and capital expenditure needs across various countries, addressing the diverse requirements for industrial development. Africa’s infrastructure investment gap, currently exceeding US$100 billion annually, significantly impacts the continent’s living conditions and its global competitiveness. At ARISE IIP, we are committed to working with strategic partners around the world to bridge this gap and accelerate industrialisation across the continent.” 

The development of the new IPs and SEZs, along with the expansion of activities in the existing IPs, is expected to result in the attraction of 230 tenants, bringing in an estimated investment of US$ 1.7 billion over the next five years, while total exports from the new IPs and SEZs, once in operation, would reach US$ 5 billion over the five-year period, with domestically-sourced goods and services reaching US$ 3.4 billion.

In addition, the new investments in the IPs and SEZs are expected to contribute to the creation of 32,000 direct jobs and 138,000 in-direct jobs.

Afreximbank has been working with ARISE IIP as a strategic partner, focusing on industrialisation initiatives across Africa. The collaboration has seen the Bank and Arise working together on various projects including a USD 5 Billion Africa Textile Renaissance Plan, which intends to create 500,000 MT of African cotton transformation capacity and 500,000 jobs.

The Fund for Export Development in Africa (FEDA), Afreximbank’s development impact investment arm, invested USD 300 million in the latest fundraising round, which concluded in October 2024. During this round, Arise IIP raised a total of USD 443 million.

Distributed by APO Group on behalf of Afreximbank.

Continue Reading

Trending