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Cyberport boosts ICT industry for Hong Kong's economic growth

Anuradha Shukla | Dec. 17, 2010
Announces US$12.8 million investment for the next three years

SHENZHEN, CHINA, 17 DECEMBER 2010 - Hong Kong Cyberport Management Company (Cyberport) is confident about the potential of the local information and communications technology industry to grow and contribute to the overall economy in Hong Kong.

The company is all set to invest US$12.8 million in Hong Kong's information and communications technology (ICT) industries in the next three years.

Boosting start-ups and SMEs

The new funding were formulated and approved during Cyberport's Directors' Workshop a few months ago.

In the coming months, Cyberport will focus on facilitating ICT start-ups and SMEs in Hong Kong to grow and take advantage of the growing market trend such as Web 3.0, according to Paul Chow, Cyberport's recently-appointed chairman.

Chow noted that this goal can be achieved by Cyberport's continued funding and reciprocal network support given to the visionary market players, as part of the US$12.8 million investment.

The importance of ICT's role in economic growth is becoming more and more apparent worldwide. I firmly believe that with the joint efforts of the board, Herman and the Cyberport management team, we can strive to ensure Hong Kong's local ICT industry is able to seize the opportunities.  

ICT hub in the Asia Pacific

Cyberport has a vision to become a leading ICT hub in the Asia-Pacific region, and aims to facilitate the local economy by nurturing information and communications technology industry startups and entrepreneurs to foster local talent.

It also aims to drive collaboration to pool resources and create business opportunities and narrow digital divide through strategic initiatives and partnerships.

Cyberport says that in order to achieve the goals, it will focus its development on five core activity areas: development of campus development; investing in more high-growth local start-ups/SMEs; adoption of innovative and advanced technology; helping local ICT industry collaborate with overseas counterparts in business alliance and talent exchange; establishing a reciprocal network to help SME ICT companies explore and capture business opportunities in overseas and mainland markets; and driving knowledge-based programmes that will transform HK into an inclusive knowledge-based digital economy.

We are proud of the achievements we have made to date in creating business opportunities and cultivating the growth of the local ICT industry, said Herman Lam, CEO of Cyberport. We now look forward to building on this success by investing in Hong Kong's competitive advantages its industry expertise, young ICT talent and advanced infrastructure.


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