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HKSTP Shines for the First Time at Techsauce Global Summit 2024

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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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Africa’s Grid Constraints Come into Focus as Regional Markets Push Toward Integration

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June 26, 2026

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Africa

Regional power pools are advancing and renewable pipelines are growing, but the regulatory and financial architecture needed to connect them remains the continent’s most critical infrastructure gap – an issue central to the Power Africa Today conference at AEW 2026

CAPE TOWN, South Africa, June 25, 2026/APO Group/ –Africa’s electricity demand is projected to nearly double to 2,291 TWh by 2050, requiring an estimated $30 billion in transmission and grid infrastructure investment to unlock and integrate new generation capacity. Yet across the continent, grid systems are struggling to keep pace with rapidly expanding supply pipelines and rising demand.

In Nigeria, repeated nationwide grid collapses as recently as February 2026 underscore the fragility of aging transmission infrastructure. In East Africa, tower failures along the 428 km Loiyangalani-Suswa line temporarily stranded output from Lake Turkana Wind Power – Africa’s largest wind installation. Meanwhile, demand growth pressures are accelerating across North Africa, where electricity consumption is expected to rise by around 50% by 2035, driven by urbanization, desalination projects, and climate-related temperature increases.

Despite these constraints, generation investment continues to accelerate across Africa, particularly in renewables, gas-to-power and hybrid systems. However, without equivalent investment in transmission and interconnection, much of this new capacity risks being underutilized or stranded. This growing imbalance between generation and grid capacity is driving a sharper focus on system-wide planning and regional market design – issues that will be central to the newly launched Power Africa Today conference at African Energy Week 2026. The platform will bring together policymakers, utilities, investors and developers to explore how regional interconnection, cross-border trading frameworks and financing structures can better align generation growth with grid expansion.

Power Markets Experiment with Reform

Alongside infrastructure challenges, Africa’s electricity sector is undergoing gradual – but uneven – market reform. Most countries still operate vertically integrated systems dominated by state utilities, but a growing number are introducing competitive frameworks to attract private capital and improve efficiency.

Zimbabwe opened its electricity market to full private participation across generation, transmission and distribution in 2025, targeting $9 billion in new investment. South Africa is advancing one of the continent’s most ambitious grid expansion programs, with plans for 14,500 km of new transmission lines and 133,000 MVA of transformer capacity by 2034, alongside mechanisms designed to crowd in private financing. Kenya, meanwhile, has introduced open access regulations enabling independent power producers to wheel electricity directly to multiple off-takers, reshaping how generation assets interface with the grid.

Interconnected electricity markets are the foundation of Africa’s industrial future

Regional Integration Remains Fragmented

Efforts to connect Africa’s fragmented power systems are progressing, though at different speeds across regions. In Southern Africa, the World Bank’s RETRADE SAPP program, approved in 2025, is deploying $12 million to strengthen renewable integration and transmission capacity across 12 member states. In East Africa, the Ethiopia–Kenya–Tanzania Electricity Highway is now in trial operations at up to 2,000 MW, marking a significant step toward a more interconnected regional grid.

West Africa is also moving toward deeper integration, with permanent synchronization of the West Africa Power Pool expected in 2026. Analysts, including the African Finance Corporation, argue that such synchronization is critical to unlocking large-scale hydropower potential and industrial demand across the region. Longer term, full synchronization between the Eastern and Southern African power pools – targeted for the end of 2026 – could create one of the world’s largest cross-border electricity trading corridors.

Building Bankable Financial Architectures

While interconnection is advancing, infrastructure alone is not enough to create investable electricity markets. Investors consistently cite the lack of standardized offtake structures, creditworthy counterparties, and cross-border payment guarantees as key barriers to scaling capital deployment.

New models are emerging to address these constraints. Africa GreenCo, operating across Zambia, Namibia and South Africa, is helping to aggregate independent power producers under a single creditworthy intermediary, standardizing power purchase agreements and reducing counterparty risk. At a broader level, AUDA-NEPAD estimates that Africa requires around $30 billion in additional investment to complete priority transmission corridors and establish three fully interconnected regional trading blocs by 2030.

“Interconnected electricity markets are the foundation of Africa’s industrial future,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “The question at Africa Energy Week is not whether integration is possible – the evidence is already there. The question is which regulatory frameworks and financial structures will get projects to financial close, and which markets will be ready when capital is looking to move.”

The Power Africa Today conference will run alongside AEW 2026, taking place October 12–16 in Cape Town, and will focus on the regulatory, financial and infrastructural architecture needed to build interconnected electricity markets capable of attracting institutional capital and delivering reliable, cross-border power at scale.

Distributed by APO Group on behalf of African Energy Chamber.

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Business

African Development Bank Group and La Francophonie Sign Partnership Agreement to Promote Youth Employment in Francophone Africa

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June 26, 2026

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The agreement was signed during a meeting between the Secretary General of La Francophonie, Louise Mushikiwabo, and African Development Bank Group President, Dr Sidi Ould Tah in Paris, France

PARIS, France, June 25, 2026/APO Group/ –The African Development Bank Group (www.AfDB.org) and The International Organization of La Francophonie (OIF) on Wednesday entered a strategic partnership to strengthen digital skills, employability, and entrepreneurship of young people and women in five African countries: Benin, Cameroon, Guinea, the Democratic Republic of the Congo and Madagascar.

 

The agreement was signed during a meeting between the Secretary General of La Francophonie, Louise Mushikiwabo, and African Development Bank Group President, Dr Sidi Ould Tah in Paris, France. The agreement will address a major challenge faced by countries in the Francophone world and across Africa: providing young people with access to opportunities offered by the digital economy and fostering the emergence of a new generation of entrepreneurs.

The partnership calls for the implementation of training programs in digital professions and entrepreneurship, in fields such as web and mobile development, cybersecurity, artificial intelligence, and data analysis. Participants will also receive guidance toward employment and self-employment, as well as support for innovation and business creation, notably through training camps, prototyping activities, and partnerships with incubators and accelerators.

The African Development Bank Group and OIF will also work with national authorities in these five countries and training institutions to sustainably strengthen local capacities and promote ownership of the programs by national stakeholders. An initial pilot phase, lasting 12 to 24 months, will be rolled out in the five partner countries, followed by a gradual expansion to other member states depending on the results achieved.

The African Development Bank Group is pursuing a bold agenda based on “Four Cardinal Points” developed by Dr Ould Tah, the third of which is ‘Turning Demographics into a Dividend.’ This is about strategically converting Africa’s rapidly growing and youthful population into a decisive engine of inclusive growth, productivity, and innovation through large-scale investment in human capital—particularly youth and women.

 

It sees Africa’s growing young population not as a risk, but as a major asset. With the right policies and investments, this potential can create jobs, help small businesses grow, bring more informal businesses into the formal economy, and equip young people with the skills needed for the future. By investing more in education, science and technology, vocational training, entrepreneurship, finance, and digital tools, Africa can help its people drive economic transformation, stay competitive, and build lasting, resilient growth.

The OIF said the agreement marked the first concrete step in its initiative to mobilize innovative and additional funding for its most impactful projects.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

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Paddles up! Hong Kong marks 50 Years of international dragon boat thrills

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June 26, 2026

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Hong Kong

HONG KONG SAR – Media OutReach Newswire – 25 June 2026 – With top teams from around the world gearing up for the hotly contested Hong Kong International Dragon Boat Races this weekend (June 27-28), participants and spectators can expect a bumper programme of action, fun and entertainment along the Victoria Harbour waterfront in Tsim Sha Tsui – one of the city’s most vibrant districts known for its iconic skyline views and tourist attractions.

There is much to celebrate. This year marks the 50th anniversary of the Hong Kong International Dragon Boat Races as well as 35th anniversary of both the co-organiser, Hong Kong China Dragon Boat Association, and the sanctioning body, International Dragon Boat Federation (IDBF). The IDBF added to the occasion by announcing earlier this year the relocation of its headquarters back to Hong Kong.

Riding on the wave of excitement, the organiser, Hong Kong Tourism Board (HKTB), extended the annual Hong Kong International Dragon Boat Festival period to 13 days (June 19 – July 1), beginning on the historic Tuen Ng Festival (Dragon Boat Festival) and concluding on July 1, which is the 29th anniversary of the Establishment of the Hong Kong Special Administrative Region (HKSAR).

As the headline international flagship event of “Hong Kong Summer Fun”, Dr Peter Lam, Chairman of the HKTB, said the Festival not only ran over a longer period, but also featured a stronger race line-up and more vibrant entertainment programmes than in previous years, offering an experience found only in Hong Kong for locals and visitors, while showcasing Hong Kong’s position as the Events Capital of Asia.

More than 220 teams from 16 countries and regions will compete for top honours in the world‑renowned setting of Victoria Harbour. This year’s event also introduces the special 50th Anniversary Fishermen Invitational Cup and the 50th Anniversary Championship, paying tribute to the traditional spirit of dragon boat racing.

Visitors will be able to enjoy a series of thematic activities along the Avenue of Stars, including a 22-metre traditional wooden dragon boat, a dragon boat-themed installation in collaboration with the new film Minions & Monsters, live music performances and a line-up of intangible cultural heritage performances, including martial art Wing Chun, Chinese juggling diabolo, traditional musical instruments ruan and guzheng.

Highlighting Hong Kong’s reputation as the birthplace of modern international dragon boat racing, as well as its strengths as a global hub city, the IDBF has taken a significant step in its long‑term global strategy with the formal incorporation of International Dragon Boat Federation Limited in Hong Kong on 29 April 2026.

“Incorporation in Hong Kong is not a conclusion, but a beginning. It anchors our Federation in the city where our international story started and strengthens our ability to serve our members and the global dragon boat family,” said Claudio Schermi, President of the IDBF.

As part of this new chapter, the IDBF has applied for funding under “the Pilot Scheme to Strengthen the Presence of Hong Kong in Asian and International Sports Associations”, which was recently introduced by the HKSAR Government’s Culture, Sports and Tourism Bureau. The Pilot Scheme is an initiative designed to support Asian and international sports associations establishing their headquarters or regional headquarters in the city.

The Dragon Boat Festival has a long and colourful history dating back more than two thousand years. Held each year on the fifth day of the fifth lunar month, the day commemorates the patriotic poet Qu Yuan.

According to legend, Qu committed suicide for his beliefs by throwing himself into the Luo River. The villagers nearby raced out on their dragon boats, banging gongs and drums to scare away fish and other underwater creatures to stop them from eating Qu’s body. The tradition continues to this day, with dragon boat competitions taking place at locations across Hong Kong, each reflecting the unique characteristics of its neighbourhood.

Traditional dragon boat treats feature prominently during the festival, notably zongzi. These glutinous rice dumplings, traditionally wrapped in bamboo leaves and steamed or boiled, are widely available during the festive period.

 

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