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HK Cyberport to inject HK$100M in ICT next three years

Computerworld Hong Kong staff | Dec. 20, 2010
Hong Kong Cyberport has announced a plan to invest HK$100 million in the local information and communications technology (ICT) industries in the next three years.

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.


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