Connect with us

Business

HKSTP’s Startup BioMap Secured Funding from HKIC for AI and Biotech Development

Published

on

HKSTP

HONG KONG SAR – Media OutReach Newswire – 24 June 2024 – Hong Kong Science Park Corporation (HKSTP) congratulates BioMap, a Park company, on its strategic partnership with the Hong Kong Investment Corporation Limited (HKIC) to jointly propel innovation across multiple sectors including biopharmaceuticals, green technology, and new industrialisation, further cementing Hong Kong’s position as an international hub for innovation and technology.

BioMap, a pioneering company at the intersection of artificial intelligence and the life sciences sector, integrates cutting-edge AI with biotechnology to accelerate research and development and design novel proteins in areas such as pharmaceuticals and enzymes. Earlier this year, BioMap established its presence at the Science Park and will launch its inaugural BioMap Innovation Hub in Hong Kong, aimed at expanding their global operations. HKSTP continues to provide comprehensive infrastructure and professional services, enabling BioMap’s engagement with a diverse range of partners and investors.

The ceremony took place during the International Bio-Computing Innovation Summit where Clara Chan, CEO of HKIC, and Wei Liu, CEO of BioMap signed the strategic partnership agreement, witnessed by Paul Chan, Financial Secretary of the Hong Kong SAR Government.

Along with business expansion in Hong Kong, BioMap also launched its first Innovation Hub to attract innovators from around the world and nurture local I&T talent, boosting the building of an AI for life science ecosystem in Hong Kong. Distinguished guests including Wei Liu, CEO of BioMap; Gracie Ng, Chief of Staff of HKSTP; Professor Max Shen, Vice-President and Pro-Vice-Chancellor (Research) of the University of Hong Kong; Professor Wang Yang, Vice-President for Institutional Advancement of The Hong Kong University of Science and Technology; and Dr Rocky Cheng, CEO of Hong Kong Cyberport Management Company Limited, joined the “Light Up” ceremony.

Albert Wong, CEO of HKSTP, said, “We are extremely pleased to welcome BioMap to Science Park and to establish a strategic partnership with Hong Kong Investment Management Limited. Together, we are embarking on a new chapter. HKSTP is committed to providing diverse support to biotech companies, accelerating the commercialisation of scientific research, and serving as a ‘super-connector’ – linking local and international industry partners and investors. Our aim is to assist companies like BioMap to leverage Hong Kong’s exceptional scientific research capabilities, international reach, and strategic location in the Greater Bay Area to access global markets.”

Wei Liu, CEO of BioMap, said, “We set up our first bio-computing innovation hub in Hong Kong to leverage the city’s international status, liberal financial policies, and world-class intellectual property system and data governance to help BioMap gain the trust of more multinational customers in the global competition, maintaining its leading position in the industry. Furthermore, Hong Kong has ample AI and biotechnology talent resources and an excellent innovative academic atmosphere. We hope that the BioMap Innovation Hub will serve as a cultivating and testing ground for Hong Kong’s interdisciplinary talents in information and biotechnology to transform more innovative ideas into practical macromolecule solutions utilising our large language model for life sciences, whilst further amplifying the value of innovative products through our global manufacturing and business network as well as partners.”

To enhance its visibility and connect with the international industry, HKSTP, along with BioMap and other park companies, participated in the world’s largest biotech event, BIO 2024, earlier in June in the United States. Key activities included the APAC Summit session, showcasing the strengths and potential of Hong Kong’s biotechnology sector to a global audience.

BioMap, headquartered in the US, is one of the second batch of strategic enterprises signed by the Office for Attracting Strategic Enterprises (OASES) of the HKSAR Government to set up operations in Hong Kong. Combining AI and biotechnology, the company has developed the ‘xTrimo’ platform, a foundational large language model for life sciences based on protein language. Recently, BioMap secured a USD 1 billion partnership with multi-national pharmaceutical giant Sanofi and is collaborating with over 10 commercial partners and more than 200 academic institutions.

HKSTP is dedicated to nurturing the entrepreneurial skills of researchers and scientists, aiding them in translating research into viable products and fostering a thriving biotechnology ecosystem. Currently, the park is home to over 250 biotech companies.

As a government-owned organisation that manages HK$62 billion in fundings, HKIC announced two weeks ago its first partnership with another HKSTP company SmartMore, a homegrown AI unicorn, to make Hong Kong the base of SmartMore’s development and stock market listing.

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 28 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.

Business

SPARK & Google.org launch Maharat for Tourism e-learning hub in Egypt

Published

on

SPARK

The Maharat for Tourism E-Learning Hub is now live and available in both English and Arabic, offering tourism professionals and job seekers the opportunity to advance their careers in the industry

CAIRO, Egypt, March 7, 2025/APO Group/ –SPARK (https://SPARK.Ngo/), in partnership with EYouth and with support from  Google.org, has launched the Maharat for Tourism E-Learning Hub in Egypt –  a pioneering platform designed to equip 25,000 individuals across the MENA region with essential skills for the tourism industry (Maharat.SPARK.Ngo/).

The launch event, held at the Triumph Plaza Hotel in Cairo, welcomed over 100 stakeholders, including representatives from  Egypt’s Ministry of Tourism, industry leaders, and digital learning experts. The initiative aligns with Egypt’s national priorities to enhance workforce competitiveness and drive tourism sector growth.

With the tourism sector rapidly evolving,  Maharat for Tourism offers free, high-quality training tailored for both aspiring and experienced professionals. The platform provides interactive courses on digital skills, business management, and customer service, ensuring users stay competitive in a dynamic job market.

The support from Egypt’s Ministry of Tourism further emphasises the industry-wide commitment to fostering talent and innovation

By bridging the skills gap and building a digitally empowered workforce, this initiative directly contributes to Egypt’s economic resilience and job creation in one of its most vital industries.

A Strategic Partnership with the Ministry of Tourism

Egypt’s Ministry of Tourism is an active supporter of the platform, recognising its role in modernising workforce training and driving long-term industry sustainability. “We are proud to launch the Maharat for Tourism E-Learning Hub, which will provide thousands of individuals with the opportunity to develop essential skills for success in the tourism sector,” said Dina Almasaeid, SPARK’s Regional Programme Director “The support from Egypt’s Ministry of Tourism further emphasises the industry-wide commitment to fostering talent and innovation.”

Join the Movement

The Maharat for Tourism E-Learning Hub is now live and available in both English and Arabic, offering tourism professionals and job seekers the opportunity to advance their careers in the industry.  To learn more and enroll in courses, visit: https://Maharat.SPARK.Ngo/

Distributed by APO Group on behalf of SPARK.

Continue Reading

Business

African National Oil Companies (NOC) Drive Exploration and Production Through IOC Collaboration

Published

on

NOC

African Energy Week: Invest in African Energies will highlight the impact of NOC-IOC collaboration in Africa

CAPE TOWN, South Africa, March 7, 2025/APO Group/ –Africa’s national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. By strengthening their balance-sheets through partial privatization, transferring their regulatory roles to independent entities and acquiring more assets, NOCs are emerging as strong partners for foreign firms.

Boosting Production  

Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Libya’s NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). In collaboration with the NOC, TotalEnergies has achieved a 20% increase in production at the Waha field; Repsol plans to drill nine new prospects in 2025; while Eni is planning four exploration wells in 2025. Algeria’s Sonatrach will increase hydrocarbon production by 2.5% this year, actively pursuing international partnerships following a revision of its Hydrocarbons Law in 2029. Negotiations are underway with ExxonMobil and Chevron to boost exploration. These efforts reflect a broader trend across the continent, where NOCs are leaning on foreign partnerships to advance oil and gas production.

Advancing Gas Monetization

Amid a surge in gas monetization, Africa has emerged as a major LNG producer. Collaboration between NOCs and IOCs have been at the forefront of this gas drive, leading to the emergence of new LNG exporters. Senegal’s Petrosen and Mauritania’s SMH worked alongside bp and Kosmos Energy to develop the Greater Tortue Ahmeyim LNG project – situated on the maritime border of the two countries and producing first LNG in January 2025. Mozambique’s ENH is working closely with foreign operators to develop several LNG projects, including TotalEnergies (Mozambique LNG); ExxonMobil (Rovuma LNG) and Eni (Coral South and Coral North). The 3.4 mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026.

The Tanzania Petroleum Development Corporation is developing the Tanzania LNG project, working with Shell and Equinor to monetize resources in Blocks 1, 2 and 4. While development has been delayed, the operators remain committed to collaboratively bringing the project online. In Angola, which has been an LNG producer since 2013, the NOC Sonangol is working with its New Gas Consortium partners Azule Energy, Cabinda Gulf Oil Company and TotalEnergies to increase LNG production capacity. The partners completed the offshore platform for Angola’s first non-associated gas project in February 2025, with production on track for early-2026.

By partnering with global operators and strengthening their operational capacity, NOCs are not only driving projects forward but showcasing the competitiveness of African operators

Unlocking New E&P Markets  

A slate of discoveries in recent years have opened up new oil and gas plays across the continent. Following an increase in its oil and gas budget from $120 million to $246 million for the 2024/2025 period, the Uganda National Oil Company (UNOC) is driving exploration across underexplored areas in the country. In partnership with TotalEnergies and CNOOC, the company will start production at the Kingfisher and Tilenga oilfields in 2025. UNOC is also advancing exploration in the Moroto-Kyoga basins, with preliminary studies aimed at uncovering new oil fields.

In Namibia, NAMCOR is working with IOCs toward first oil production from the Orange Basin by 2029. Major projects include the Mopane field, which made its third discovery last month, and the Venus field, which targets FID in 2026. The company aims to secure higher stakes in future oil and gas projects – increasing its share from the minimum 10% to between 20-30% – underscoring a commitment to greater participation in field development.

Meanwhile, the South Africa National Petroleum Company (SANPC) – launched in September 2024 – strives to facilitate greater investment in exploration, natural gas monetization and infrastructure development. While major gas deposits were found in the Outeniqua Basin in 2019 and 2020, operational challenges have impacted development. The SANPC seeks to address these challenges through IOC collaboration and foreign investment. The company also strives to unlock the potential of the Orange Basin.

Fostering Collaboration at African Energy Week 2025  

As the largest energy event in Africa, African Energy Week: Invest in African Energies facilitates collaboration between Africa’s NOCs and international operators. Taking place in Cape Town from September 29 to October 3, 2025, the event offers a platform for strategic dialogue, networking and dealmaking.

“African NOCs are driving the continent’s next wave of innovative oil and gas developments. By partnering with global operators and strengthening their operational capacity, NOCs are not only driving projects forward but showcasing the competitiveness of African operators,” states Tomás Gerbasio, VP Commercial and Strategic Engagement, African Energy Chamber.

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.  

Distributed by APO Group on behalf of African Energy Chamber.

Continue Reading

Business

Top 5 Reasons to Attend Congo Energy & Investment Forum 2025

Published

on

CEIF

The inaugural Congo Energy & Investment Forum takes place from March 24-26, 2025, in Brazzaville

BRAZZAVILLE, Congo (Republic of the), March 6, 2025/APO Group/ –Serving as the inaugural edition, this year’s Congo Energy & Investment Forum (CEIF) 2025, scheduled for March 25-26 in Brazzaville, underscores the Republic of Congo’s growing role in Africa’s energy landscape. Under the leadership of Bruno Jean-Richard Itoua, Minister of Hydrocarbons for Congo, the country has affirmed its commitment to maximizing its energy potential and streamlining licensing and regulatory processes, leading to a series of recent acquisitions and project developments.

Gain Insights into Congo’s Gas Master Plan

The Congolese government will unveil its new Gas Master Plan at CEIF 2025, which is designed to consolidate the position of existing companies and attract new investments to the sector. Developed in collaboration with global data and analytics provider Wood Mackenzie, the plan sets out a clear roadmap to capitalize on Congo’s gas resources, highlighting gas as a significant economic opportunity to diversify the country’s economy. The plan will allow Congo to engage more confidently with advanced regional and international players in the industry.

Participate in Congo’s 2025 Licensing Round

With aims to attract investment in both marginal and deepwater blocks, Congo is set to launch its 2025 international oil and gas licensing round. This initiative is part of the country’s strategy to increase oil production from the current 280,000 barrels per day (bpd) to 500,000 bpd and is expected to usher in a new wave of investment in sub-Saharan Africa’s fourth largest oil producing market.

This licensing round is designed to attract international oil companies (IOCs) with technical expertise and financial capacity to develop deepwater resources, as well as local and independent companies to exploit marginal fields.

Explore Congo’s Investment Potential

Congo is offering a number of investment opportunities for international and local companies and firms across all levels of the value chain.

A series of dedicated panel sessions, technical workshops and presentations at CEIF 2025 will provide an in-depth look at Congo’s efforts to sustainably increase its oil production. The conference will highlight crucial developments across the country’s energy sector as well as the broader strategic importance of Congo’s energy ambitions. CEIF 2025 will provide attendees with valuable insights into how ongoing and upcoming projects are helping the country meet its production goals while fostering economic growth and diversification in the sector.

Connect with Industry Leaders

Supported by Congo’s Ministry of Hydrocarbons and national oil company (NOC) Société Nationale des Pétroles du Congo, CEIF 2025 will serve as an opportunity for local, regional and international delegates to collaborate and discover new avenues for partnerships. Delegates can connect with top energy investors and executives – from operators, IOCs, NOCs and independents – as well as government officials, industry innovators and financiers to expand their professional network.

Help Fuel Sustainable Development

Boasting immense potential for renewable energy, Congo is well-positioned to leverage Congo’s strong slate of upcoming projects to transform its energy landscape. In recent years, the country has implemented a number of initiatives to diversify its energy matrix and expand the share of renewable energy. The Congolese government is also making strategic investments in downstream infrastructure, including new refineries and gas-to-power projects, which will be on display at CEIF 2025 and are set to help drive electrification and socioeconomic development.

The inaugural Congo Energy & Investment Forum, set for March 24-26, 2025, in Brazzaville, under the patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.

Distributed by APO Group on behalf of Energy Capital & Power.

Continue Reading

Trending