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Hong Kong ready to attract start-ups to develop IoT industry (with photos)

     Hong Kong stands ready to welcome the best IoT (Internet of Things) companies from around the world and help them get funding, develop prototypes, validate their products and develop large scale manufacturing next door in the Pearl River Delta and help bring them to market in the fastest possible way and time, the Secretary for Commerce and Economic Development, Mr Gregory So, said at the IoT (Internet of Things) Pitch Night today (August 20).

     Speaking at the IoT Pitch Night at PMQ, Mr So said he was very excited to be one of the hosts of this pitch event.

     Mr So said the Government is very keen to transform the city into a leading global hub for innovation and entrepreneurship so that start-ups can use Hong Kong as a global launchpad.

     Noting that industry observers are already predicting strong global demand for IoT products and infrastructure, he pointed out that Hong Kong will properly leverage to become a leading force in global IoT innovation given its role a "super-connector" and its strategic location next door to Shenzhen with easy access to the Pearl River Delta, and its sophisticated supply chain and logistics platform.

     He added that Hong Kong has all the ingredients to support innovative start-ups with globally scalable business models to succeed. Hong Kong is the ideal platform for the ideation and commercialisation of IoT products and mobile electronic products.

     Looking forward, Mr So hoped that leading technology innovators will be attracted to Hong Kong and entrepreneurs from all over the world will soon recognise the fact that Hong Kong has the unique capability to integrate design, software and hardware, and turn ideas into commercially viable IoT products.

     Attending today's event to hear IoT start-up entrepreneurs present their ideas were senior representatives from major chambers of commerce in Hong Kong, established industrialists and investors.  

Ends/Thursday, August 20, 2015
Issued at HKT 18:50


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