HKU Partners With Cyberport To Advance FinTech

The new HKU x Cyberport Digital Tech Entrepreneurship Platform will combine HKU’s academic prowess with Cyberport’s infrastructure to co-develop an innovative FinTech ecosystem.

AsianScientist (Aug. 17, 2017) – The University of Hong Kong (HKU) and Hong Kong Cyberport (Cyberport) have signed a Memorandum of Understanding (MoU) to set up the HKU x Cyberport Digital Tech Entrepreneurship Platform (DTEP).

The DTEP is the first-of-its-kind collaboration between HKU and Cyberport which aims to build a unique digital tech ecosystem for Hong Kong, spanning the aspects of human capital, innovation and technologies, entrepreneurship, and legal and business expertise.

Mr. Herman Lam Heung-yeung, CEO of Cyberport and Professor Andy Hor Tzi-sum, Vice-President and Pro-Vice-Chancellor (Research) of HKU, signed the MoU at Cyberport, witnessed by Dr. Lee George Lam, Chairman of Cyberport and Professor Peter Mathieson, President and Vice-Chancellor of HKU.

Cyberport has the largest FinTech cluster in Hong Kong with close to 200 FinTech companies, and houses the world’s leading FinTech Accelerators like Accenture FinTech Innovation Lab Asia Pacific and SuperCharger. Cyberport also provides the largest FinTech co-working space for FinTech events and workshops to support the aim under the MoU.

“With Cyberport’s wealth of global connections and digital entrepreneurial resources, together with HKU’s expertise on technologies and development, we are sure that many more great ideas will flourish and innovative solutions will be widely adopted,” said Lam.

As an internationally recognized research-led education institute with breadth of academic expertise, HKU will provide support to digital tech start-ups at Cyberport by hosting legal and business clinics with professional service on legal advice, business plan consultancy and internal valuation practices to help them accelerate their growth organically and inorganically. Via the DTEP, a ‘HKU x Cyberport FinTech Nucleus’ is also being set up.

“With our strength in human capital and the expertise and technologies from our faculty, together with Cyberport’s connections and infrastructure, we can cultivate and develop strong innovation and entrepreneurial activities through this platform,” said Professor Peter Mathieson, President and Vice-Chancellor of HKU.

With the opening of FinTech Nucleus and the Centre of Global FinTech Innovation, Cyberport will further reinforce its strength in providing a comprehensive one-stop platform to bring together the world’s top FinTech innovative solutions and industry stakeholders to access, collaborate and build stronger synergies to form a center of global FinTech excellence.

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Source: University of Hong Kong.
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