PolyU and HKXF sign MoU to nurture innovation and entrepreneurship
The Hong Kong Polytechnic University (PolyU) and Hong Kong X Foundation (HKXF) today signed a Memorandum of Understanding (MoU). The partnership aims to foster the development of Hong Kong’s innovation and technology (I&T) ecosystem, cultivate student- and researcher-led innovation and entrepreneurship, facilitate Hong Kong’s integration into the Greater Bay Area (GBA) and support the implementation of the National 14th Five-Year Plan that seeks to actively transform Hong Kong into an international I&T hub.
The PolyU and HKXF partnership combines the advantages and resources of both institutions. Through the Hong Kong InnoX Academy, a non-profit educational institution wholly owned by HKXF, PolyU and HKXF will collaborate in I&T education, incubation and investment funding. The partnership will also provide young I&T entrepreneurs with all-round support and assistance through regular activities such as entrepreneur workshops, company visits, seminars and mentorship schemes.
PolyU is one of the first Hong Kong universities to create a seed funding programme. In 2011, the University introduced the PolyU Micro Fund Programme to instil an innovative and entrepreneurial atmosphere within the PolyU community. The University strives to inspire new ideas among students and translate academic research into practical applications through knowledge transfer and technology commercialisation for the benefit of society.
HKXF, spearheaded by Sequoia China, shares the same vision with PolyU in terms of driving an innovative and entrepreneurial ethos. The Foundation is devoted to reinforcing Hong Kong’s I&T ecosystem in the digital era by supporting young I&T talents and entrepreneurs; promoting I&T development in the GBA; encouraging young people to seek innovation and entrepreneurial opportunities in the Nation, overseas and in Hong Kong; and assisting young I&T entrepreneurs in their I&T journey by offering appropriate platforms.
Witnessed by Prof. Jin-Guang TENG, President of PolyU; Prof. Zexiang LI, Co-founder of Hong Kong X-Tech Startup Platform, Professor of the Department of Electronic and Computer Engineering of The Hong Kong University of Science and Technology, and Dean of Hong Kong InnoX Academy; and Prof. Guanhua CHEN, Co-founder of Hong Kong X-Tech Startup Platform, Director of the Centre of Hong Kong Quantum AI Lab and Professor of the Department of Chemistry of The University of Hong Kong, the MoU was signed by Dr Miranda LOU, Executive Vice President of PolyU and Ms Jessica CHEN, Vice-president of Sequoia China, Executive Director of HKXF and Project Lead of Hong Kong InnoX Academy at the signing ceremony.
Dr Miranda Lou, Executive Vice President of PolyU, said: “With support from the Nation and the strong promotion of the HKSAR government, Hong Kong’s I&T industry has entered a new stage of development. PolyU has been dedicated to nurturing I&T talents, and this adheres to the same philosophy and vision of HKXF. The two parties have been closely collaborating in multiple areas, such as the FYP+ (Final Year Project+) to support students in turning their graduation projects into entrepreneurial projects, the InnoX Camp to groom scientific and technological talents, and joint investments in PolyU start-ups. Through the signing of the MoU, both parties will combine their expertise in promoting I&T to nurture more talents, optimise the I&T ecosystem in Hong Kong and the GBA, and create better opportunities for the younger generation.”
Ms Jessica Chen, Project Lead of Hong Kong InnoX Academy, added: “The HKXF has been serving the creative community in Hong Kong and the GBA on a non-profit basis and has directly supported over 240 innovative projects in the past six years. In this process, PolyU, as a pioneer institution in promoting innovation and entrepreneurship, has been an essential partner of ours. The signing of the MoU with PolyU has built a solid foundation for our cooperation and helped us to explore more ways to collaborate. In the future, through the joint efforts of both parties, we can provide more career options for university students and young people, which will hopefully help Hong Kong to become a global innovation and technology hub.”
PolyU and HKXF will continue to promote innovation and entrepreneurship among students and researchers and support them in realising their full potential and entrepreneurial dreams. PolyU and HKXF will foster the translation of academic research into real-life applications to benefit society through I&T. The two parties also hope to contribute to Hong Kong’s transformation into an international I&T hub and support the city’s integration into the GBA and the Nation’s development, helping to open a new chapter for Hong Kong’s I&T development.