PolyU stages Entrepreneurship Parade in support of more than 60 projects
The Hong Kong Polytechnic University (PolyU) kicked off the "PolyU Entrepreneurship Parade 2019" today to showcase its support for 64 entrepreneurial projects, which received PolyU funding and training last year.
The opening ceremony of the annual flagship event was officiated by Dr David CHUNG, Under Secretary for Innovation and Technology of the Hong Kong SAR Government, and Dr Lawrence LI, Deputy Council Chairman of PolyU.
Addressing the opening of the Parade, Dr Lawrence Li said, "PolyU is committed to fostering knowledge transfer and entrepreneurship development. Thanks to the support from the Government and industry, PolyU has become the largest university-based incubator in Hong Kong, with a funding pool of more than HK$10 million annually to provide seed grants to start-ups, social enterprises and innovative student projects. PolyU has also been scaling up its efforts and extending its impact in promoting entrepreneurship in the Greater Bay Area."
Dr David Chung praised the PolyU-supported innovative projects for demonstrating the "Do Good Do Well" spirit, and contributing greatly to the community at large. Addressing the opening, he spoke of the Government's support in promoting entrepreneurship in the tertiary education sector. "In 2014, we launched the Technology Start-up Support Scheme for Universities, which by early this year has supported 188 start-ups established by university teams to venture beyond their campus. The maximum annual funding for each university will also rise from HK$4 million in 2019 to HK$8 million in 2020 to better nurture university start-ups. We have as well supported over 700 PhD students and 4,000 interns to join the scientific research community through the Postdoctoral Hub and Researcher Programme."
The opening attracted about 100 participants from different sectors and included entrepreneurs, investors and incubators from HK and the Chinese mainland. Three young entrepreneurs supported by PolyU were invited to share their joy and tears in pursuing their dream. They also generously shared with the audience some tips for success in starting up a new business. Dr Abraham LAM is the Director of MEGA Automation which integrates traditional building management with advanced technology to help corporates cut energy consumption.
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Communications and Public Affairs Office, PolyU