HONG KONG – The Hong Kong University of Science and Technology (HKUST) hosted its ‘Unicorn Day’ on Friday, showcasing innovations from over 100 startups and fostering discussions among industry professionals, investors, and scholars on collaboration opportunities.
In an address at the event, Commissioner for Innovation and Technology Ivan Lee Kwok-bun reaffirmed the Hong Kong Special Administrative Region government's commitment to supporting innovation, emphasizing the role of local universities in building a dynamic ecosystem.
HKUST President Nancy Ip Yuk-yu highlighted the university's focus on fostering creativity and entrepreneurship to address global challenges.
She expressed a commitment to partnering with various stakeholders to turn innovative ideas into impactful solutions.
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The event featured a range of innovations, including herbal remedies for neurodegenerative diseases, non-invasive devices for glaucoma prevention, and AI applications for luxury goods authentication.
Among the key research showcased were an AI retinal screening device, a portable genomic analysis prototype, and a 28-nanometer experimental chip, according to Tim Cheng Kwang-ting, vice president for Research and Development at HKUST and director of the university's wholly-owned AI Chip Center for Emerging Smart Systems.
Launched in 2023, ‘Unicorn Day’ aligns with Hong Kong's goal of becoming an international innovation hub, featuring presentations, discussions, and networking opportunities for startups. As of May 2025, HKUST members have co-founded over 1,800 startups, including 10 unicorns.
