14 June 2016 – HONG KONG – The first edition of the EmTech Hong Kong 2016 conference,
co-organized by MIT Technology Review and Koelnmesse Pte Ltd, closed on a high note. Insightful discussions were led by some of the world’s greatest minds leading research on emerging technology in the areas of smart cities, fintech, artificial intelligence, robotics, healthtech and innovation.
Some 400 delegates from over 15 countries attended EmTech Hong Kong 2016. They were riveted by the breadth, sheer creativity and depth of discussions this year.
“If technology has fast-tracked somewhat in recent years, so, too, has Hong Kong's embrace of this trend. We have been putting in tremendous efforts over the years towards achieving the goal of nurturing a knowledge-based economy, fostering an innovative and technology-friendly culture in our community, as well as creating a healthy eco-system for technological entrepreneurship and start-ups.” said the Honourable John C Tsang, Financial Secretary of The Government of the Hong Kong SAR, in his opening speech at EmTech Hong Kong. Mr. Tsang announced a host of measures in his Budgets, including
“a US$560 million expansion of the Science Park,” as well as “a US$260 million Innovation and Technology Venture Fund to partner with private venture-capital funds to invest in local technology start-ups.”
Speaking at EmTech Hong Kong, ASTRI Chairman Wong Ming-yam said Hong Kong is lagging behind its peers in Asia in terms of R&D spending: “Hong Kong is a vibrant city by all standards, but we still have a lot of catching up to do. In 2014, the city’s R&D expenditure accounted for only 0.74% of GDP, while the figure was 2.05% in China, 2% in Singapore, 3.58% in Japan, and 4.29% in South Korea,” he said. “We need to invest more in R&D and attract more global technology talent.”
At EmTech Hong Kong, ASTRI experts discussed the potential applications of its R&D projects across different industries and for the future of Hong Kong.
Key sponsors and partners of EmTech Hong Kong this year included Host Partner Hong Kong Applied Science and Technology Research Institute (ASTRI), Innovation Partner The University of Hong Kong, Strategic Partners InvestHK, StartmeupHK, MIT Professional Education and The Chinese University of Hong Kong. Prenetics was the Technology Showcase Partner.
EmTech Hong Kong featured a panel on Blockchain, where speakers discussed the future applications and implications of the technology in the financial sector. Benedicte Nolens, the head of risk and strategy for the Hong Kong Securities and Futures Commission, said the technology could be applied to financial institutions in areas where there are clear problems to solve. Tim Swanson, head of market research for R3CEV, said there is pressure on banks who have dedicated resources to the area to produce working products. By the end of the second day, the audience was on the edge of their seats riveted by insightful discussions on the evolution of manufacturing brought about by automation, big data and robotics with Chia-Peng Day, General Manager - Automation Technology Development Committee at Foxconn; Weiping Huang, Chairman of Qingdao Hisense Broadband Multimedia Technologies and Gerald Wong, CEO of Cambridge Industries Group.
EmTech Hong Kong celebrated the launch of the MIT Hong Kong Innovation Node, an incredible MIT initiative deepening MIT’s links to Hong Kong, Shenzhen and China’s Pearl River Delta. The node was launched by MIT Provost Martin A. Schmidt, followed by Fiona Murray, the Bill Porter Professor of Entrepreneurship, associate dean of innovation at MIT Sloan School, and co-director of the MIT Innovation Initiative; and Charlie Sodini, the Clarence J. LeBel Professor of Electrical Engineering and faculty director of the MIT Hong Kong Innovation Node.
EmTech Hong Kong will return in 2017. Visit www.emtechhk.com to learn more.
About EmTech Hong Kong
EmTech Hong Kong is where technology, business, and culture converge. It is the showcase for emerging technologies with the greatest potential to change our lives. It is an access point to the most innovative people and companies in the world. Most of all, it is a place of inspiration — an opportunity to glimpse the future and begin to understand the technologies that matter and how they will change the face of business and drive the new global economy. For more information, please visit www.emtechhk.com
About MIT Technology Review:
MIT Technology Review, which is wholly owned by MIT, creates award-winning technology-related editorial content on a variety of platforms for an audience of millions of business leaders, innovators, and thought leaders, in six languages and in 147 countries. At www.technologyreview.com, readers access daily news and analysis, and the award-winning MIT Technology Review magazine has set the standard for technology publications since 1899. In addition to producing engaging live events, the company manages the global entrepreneurial organization MIT Enterprise Forum. For more information, please visit www.technologyreview.com.
T: +1 617-475-8018
Koelnmesse Pte Ltd is one of the world's largest trade fair companies. Its more than 80 trade fairs and exhibitions have the broadest international scope in the industry, as 60 percent of the exhibitors and 40 percent of the visitors come from outside Germany. The Koelnmesse events include the leading global trade fairs for 25 sectors, such as Imm cologne, Anuga, IDS, INTERMOT, Interzum Cologne, Photokina, Gamescom, and the International Hardware Fair Cologne. Koelnmesse is MIT Technology Review’s local partner for EmTech Asia and EmTech Hong Kong.
For more information, please visit www.koelnmesse.com.sg
Koelnmesse Pte Ltd
M: +65 9232 9738
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