HONG KONG, 17 DECEMBER 2010 - Hong Kong Cyberport announced Wednesday a plan to invest HK$100 million in the local information and communications technology (ICT) industries in the next three years.
"We will especially place our focus on facilitating ICT start-ups and SMBs in Hong Kong to grow and take advantage of the growing market trend such as Web 3.0," said Paul Chow, Cyberport's recently-appointed chairman.
Cyberport's incubation program, dubbed IncuTrain Centre, now supports 122 incubatees, with 65 awards won by 31 incubatees, 91 IPs created, according to the company in a statement.
According to Chow, with a new vision to establish Cyberport as a leading ICT hub in the Asia-Pacific region, and under the new leadership, Cyberport is poised to facilitate the local economy by nurturing ICT industry startups and entrepreneurs to foster local talent; driving collaboration to pool resources and create business opportunities; and narrowing the digital divide through strategic initiatives and partnerships.
To achieve these goals for a better economy, Chow said Cyberport will focus its development on five core activity areas. They are:
* Campus development: develops and manages the Cyberport Campus to provide an essential framework for Cyberport to achieve its objectives, with a strong emphasis on sustainability.
* Entrepreneurship: runs the Incubation Centre and the Cyberport Creative Micro Fund (CCMF), invests in more high-growth local start-ups/SMBs and scales up CCMF to spark creativity and innovation in ICT industries.
* Technology: adopts innovative and advanced technology to provide a state-of-the-art ICT infrastructure conducive to the creation and development of a strategic ICT industry cluster in Hong Kong.
* Collaboration: helps local ICT industry collaborate with overseas counterparts in 2 major areas: Business Alliance and Talent Exchange; sets up a reciprocal network to help SME ICT companies explore and capture business opportunities in overseas and Mainland markets.
* Knowledge: drives knowledge based programs that will transform HK into an inclusive knowledge-based digital economy, invests in local talent by organizing world class conferences, inspirational trainings and competitions, opens more ICT related positions and supports digital inclusion initiatives to narrow digital divide.
Sign up for Computerworld eNewsletters.