The HKUST Fok Ying Tung Research Institute in Nansha, Guangzhou's sole HK-funded institute established in 2017. [File Photo]
Hong Kong, one of the largest international metropolis, has exerted great influence to nearby cities' development since its return to China. "Guangdong and Hong Kong see lots of innovation, entrepreneurship and cultural fusion, which reflects the potential value of Guangdong-Hong Kong-Macao Greater Bay Area and the opportunity for HKUST Fok Ying Tung Research Institute," said Dr. Allen C. Miao, general director of the institute.
As the sole HK-funded institute established in Guangzhou in 2007, HKUST Fok Ying Tung Research Institute (FYTRI) has been committed to boost the scientific cooperation between Hong Kong and Guangdong, such as knowledge-to-product transfer, innovation and entrepreneurship, talents training and professional platform provision.
It is said that in the future, it will focus more in supporting the cooperation in Guangdong-Hong Kong-Macao Greater Bay Area, which is a plan for the development of a city cluster includes 9 Pearl River Delta cities and Hong Kong, Macao.
Creative youths gather for innovation cooperation
Young Contestants in the entrepreneurship competition [Photo provided to newsgd.com]
In the field of transferring knowledge to real-life applications, HKUST FYTRI has nurtured numerous enterprises, including APT Electronics, a large LED enterprise in Nansha.
According to Xiao Guowei, CEO of APT Electronics Co., Limited, "the institute and HKUST create an innovation environment in Nansha like Silicon Valley for start-ups with lots of freedom."
Besides, HKUST FYTRI opens a GD, HK & Macao (International) Youth Entrepreneur Hub to provide college students as well as youths from Guangdong, Hong Kong and Macao international entrepreneur guidance and 7*24 services.
Karen Lee, a youth from Hong Kong who wants to operate data analysis business at Guangzhou, now is working with his team at the incubator. "Nansha is very close to Hong Kong and locates at an essential area of RRD Region. This will help us enter the large mainland market, so we choose starting business here," said Lee.
Also, HKUST FYTRI held "One Million Dollar International Entrepreneurship Competition" and established Alliance of Innovation and Entrepreneurship of Universities in GD, HK & Macao in 2016, attracting hundreds of students to participate.