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

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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.

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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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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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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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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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