The Secretary for Innovation and Technology, Mr Nicholas W Yang, today (October 19) visited Cyberport to learn about its latest work progress.
 
     The visit started with a briefing by the Chairman of the Board of Directors of Hong Kong Cyberport Management Company Limited, Dr George Lam, and the Chief Executive Officer, Mr Herman Lam, on the latest development and work of Cyberport. These include the launch of the $200 million Cyberport Macro Fund which provides seed to Series A stage funding to Cyberport digital entrepreneurs to assist them to accelerate. In addition, Cyberport has doubled its incubation scheme quotas and is actively setting up new clusters on financial technology (FinTech) and e-commerce. More Smart-Space small offices and workstations for start-ups will be provided.
 
     Mr Yang also took the chance to meet and exchange views with Cyberport incubatees specialising in FinTech, e-commerce and wearable devices.
 
     Last month, Mr Yang met with the management of two Cyberport incubatee alumni and two FinTech companies at Cyberport. He also visited Lenovo Ecosystem and Cloud Service Lab Asia Pacific to see the operation of the Lenovo Accelerator TOP TEN Programme, which offers support for start-ups specialising in technological areas like artificial intelligence, big data and robotics.
 
     Over the years, Cyberport has been implementing various initiatives to nurture technology start-ups and talents. It also makes industry know-how available to them and provides access to technology, business matching and marketing support. Since its launch in 2005, the Cyberport Incubation Programme has admitted some 370 technology start-ups. Since 2010, alumni and Cyberport incubatees, Cyberport Creative Micro Fund grantees have attracted over $1.1 billion of investment funding.

Ends/Wednesday, October 19, 2016
Issued at HKT 16:08

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