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Thursday, April 13, 2017, 20:36

HK, Shenzhen startups team up for expansion

By Lin Wenjie

HK, Shenzhen startups team up for expansion
The Hong Kong government’s stepped up efforts to lift the innovation and technology sector have apparently paid off, with startup enterprises in the city reporting significant growth last year, along with those in the Pearl River Delta.  (Parker Zheng / China Daily)

Hong Kong is strengthening cooperation with Shenzhen to accelerate innovation and technology development in the two cities by helping startups in both cities explore international markets and promoting cross-border trading of intellectual property.

At the Spring Electronics Fair and ICT Expo on Thursday the Hong Kong Trade Development Council (HKTDC) signed a memorandum with the Shenzhen Technology Innovation Committee to enhance communication between technology companies in the two cities.

"We bring Hong Kong startups to Shenzhen and they bring theirs to Hong Kong to participate in various fairs to showcase the creativity of our young entrepreneurs. We provide a platform for companies from both sides to communicate with each other and for them to tap long-term business opportunities. For established technology companies, we want to help them to expand overseas,” said Regina Lai, director of Product Promotion of HKTDC.

We provide a platform for companies from both sides to communicate with each other and for them to tap long-term business opportunities.

Regina Lai, director of Product Promotion of HKTDC

More than 500 startups from Shenzhen participated in Hong Kong’s Spring Electronics Fair this year, the largest spring electronics event in Asia, aiming to promote the achievements they have made to international buyers. HKTDC will also bring local companies to Shenzhen’s China High-tech Fair in November this year to deepen the relationship between the two cities.

READ MORE: Startups boom in HK, Shenzhen

"Startups in Hong Kong can realize their innovative ideas in Shenzhen, as the city is immersed in a vibrant startup culture. And then the products can go international back through Hong Kong,” said Chen Ying, deputy director of Policy and Strategic Research Division of Science, Technology and Innovation Commission of Shenzhen Municipality.

She further stressed that The Guangdong-Hong Kong-Macau Greater Bay Area had become part of China’s national strategic plan. A series of favorable policies were set to be introduced; cooperation between Hong Kong and Shenzhen will definitely benefit.

A report released last year by Invest Hong Kong said there were more than 1,900 start-ups in the city.

The Spring Hong Kong Electronics Fair and concurrent HKTDC International ICT Expo opened on Thursday. The four-day fairs, are both organized by HKTDC and held at the Hong Kong Convention and Exhibition Centre. More than 3,500 exhibitors from 23 countries and regions are showcasing an assortment of cutting-edge technologies and smart products at the fairs, including innovative solutions and products presented by start-ups.

cherrylin@chinadailyhk.com

 
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