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HKSTPC Hails Remarkable Success of Hong Kong’s R&D and Innovations at 41st International Exhibition of Inventions of Geneva

 

(HONG KONG) June 05, 2013 - Hong Kong Science and Technology Parks Corporation (HKSTPC) today held a ceremony to celebrate the success of three technology companies anchored in Hong Kong Science Park at the 41st International Exhibition of Inventions of Geneva. The three award-winning companies – Go Fun Card Limited, iMusicTech Limited, and One Earth Designs – announced themselves on the global stage with their innovative solutions and products at the international event contested by 725 exhibitors from 45 countries showcasing around 1,000 inventions.

The ceremony, attended by guest of honour Mrs. Rita Hämmerli-Weschke, Consul General of Switzerland in Hong Kong, showcased the home grown products and solutions that revolutionise retail customer marketing platforms and the consumer loyalty programmes, empower people to enjoy and be creative with music, and help solve energy issues through advanced solar-heating technology.

“The innovations developed by the three winning companies are testament to the creativity, entrepreneurship and continued pursuance for progress that is in Hong Kong’s DNA,” said Mr. E. Anthony Tan, CEO, HKSTPC. “Equally exciting is the news that the Corporation was recently enlisted as a finalist in Incubator of the Year Award organised by the National Business Incubation Association in the US. This international recognition is a strong proof of our devotion to advancing innovation and technology development in Hong Kong. The success of our incubatees and partner companies is our driving force for excellence.”

All three winning companies, based at Hong Kong Science Park, have been enjoying comprehensive services HKSTPC offers, from financial subsidies and business matching, to technical and marketing support, which are all in place to stimulate and propel the city’s innovation and technological advancement.

To answer the specific needs of start-ups during their vulnerable inception stage, the Corporation runs a series of full-service incubation programmes which last from 18 months to 4 years, targeting companies across industries of mobile/web app development, general technology and biotechnology. Today, 285 companies have successfully graduated from the programmes, with 75% of them still in business. Altogether, they have received capital and angel funds totaling more than HK$825 million and won over 200 awards. 

The International Exhibition of Inventions of Geneva is one of the biggest events in the world exclusively devoted to inventions. On one hand, private and state organisations, companies, universities and inventors all gather together to present their new inventions and findings; on the other hand, manufacturers, commercial agents and financiers mark this event as a valuable platform to look for innovations ready to be marketed in all fields of business, including energy and environmental protection, computer sciences and electronics.