Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Hong Kong’s CYBERPORT proving it’s the place to be for high tech start-ups

A look at high tech companies who've made the strategic decision to base themselves in Hong Kong's CYBERPORT - the science and technology hub.

Cyberport is Hong Kong's leading digital technology hub. With more than 1,300 companies large and small, it includes an incubator for fintech start-ups like FinFabrik.

Through trial and error, it developed digital trading technology using blockchain protocols. A Cyberport motto is ''We Dare to Venture.''

Florian Spiegl, Co-founder and COO, FinFabrik said, "I think Cyberport was crucial for our success, because as start-ups go along, and in the very early phases, it's all about experimenting and having the room to fail as well and to keep going. And a support network like Cyberport is very very important to nurture start-ups."

"Hong Kong is fantastic in terms of talent, specifically for a firm like us. We are engaging in quantitative trading, in essential securitisation of assets. That requires deep expertise. We have a large pool that we have access to, here in Hong Kong, and we hire quite actively," Spiegl added.

Cyberport can fit into a regional business plan as well, connecting firms to the Greater Bay Area that includes the booming city of Shenzhen, and beyond. The region is a manufacturing powerhouse in its own right, with 70 million consumers.

Eric Chan, Chief Public Mission Officer, Cyberport said, "It's been a great time for start-ups, because with this One Belt and One Road policy, and the Greater Bay Area blueprint that is out there, now we get a lot of exchange and interactions between the mainland and Hong Kong."


SUPPORT FOR START-UPS

Hong Kong Productivity Council supports both public and private projects, including some for driverless vehicles, adapting robotics to new technology, hydroponics and health, and sports tech.

Then there's the Hong Kong Science and Technology Park, sharing lab facilities for budding biotech firms like Opharmic, which is developing a way to deliver medication inside the eye using ultrasound instead of needles.

Jan Engels, Co-founder, Opharmic Technology said, "They have a lot of research grants, for start-ups, start-up grants and a lot of collaborative grants with local universities, connect us to investors, we have cheap office space to rent, and some other opportunities to connect. The whole Greater Bay Area is a very attractive market for us, also later on for the production of our medical device."

Science Park is also where the European industrial giant Siemens is developing Smart Cities technology for things like better mobility, smarter energy use, and more efficient traffic management, using the city as a proving ground and a showcase for potential clients from around the world.

Eric Chong, President, and CEO, Siemens Hong Kong said, "Hong Kong is the best place for Smart City development, it's highly dense and very demanding. And when in Hong Kong I think that Hong Kong Science Park is a pre-eminent cluster, in terms of having a good mix of companies and ecosystems."


QUALITY OF LIFE

Eric Chong added "Most people in Hong Kong work very hard. Don't get me wrong, I think we do work very hard, but we do know when to relax after work."

Florian Spiegl added, "I'm more on the outdoors, I like sports, and in Hong Kong, we have hundreds of hiking trails in the green hills around Hong Kong. You can take an hour boat ride and arrive at beautiful beaches. I go biking every weekend, bike out of the city, into the country parks. It's wonderful. I think it’s part of the magic of Hong Kong."

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
Italy Faces Population Decline Amid Youth Emigration
Trump Accuses China of Violating Trade Agreement
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Russia Accuses Serbia of Supplying Arms to Ukraine
Gerry Adams Wins Libel Case Against BBC
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
EU Majority Demands Hungary Reverse Anti-LGBTQ+ Laws
Top Hotel Picks for 2025 Stays in Budapest Revealed
Iron Maiden Unveils 2025 Tour Setlist in Budapest
Chinese Film Week Opens in Budapest to Promote Cultural Exchange
Budapest Airport Launches Direct Flights to Shymkent
Von der Leyen Denies Urging EU Officials to Skip Budapest Pride
Alcaraz and Sinner Advance with Convincing Wins at Roland Garros
EU Ministers Lack Consensus on Sanctioning Hungary Over Rule of Law
EU Nations Urge Action Against Hungary's Pride Parade Ban
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
U.S. Considers Withdrawing Troops from Europe
Russia Deploys Motorbike Squads in Ukraine Conflict
Critics Accuse European Court of Human Rights of Overreach
Spain Proposes 100% Tax on Non-EU Holiday Home Purchases
German Intelligence Labels AfD as Far-Right Extremist
Geert Wilders Threatens Dutch Coalition Over Migration Policy
Hungary Faces Multiple Challenges Amid EU Tensions and Political Shifts
Denmark Increases Retirement Age to 70, Setting a European Precedent
Any trade deal with US must be based on respect not threats', says EU commissioner
UK Leads in Remote Work Adoption, Averaging 1.8 Days a Week
Thirteen Killed in Russian Attacks Across Ukraine
High-Profile Incidents and Political Developments Dominate Global News
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Ukraine and Russia Conduct Largest Prisoner Exchange of the War
×