Maker in China: Fueling Hong Kong’s Startup Spirit

Maker in China Fueling Hong Kong’s Startup Spirit

Deal flows, patents and innovative technology underlined the “Maker in China” global contest 2021. Here’s a look at how the event unfolded.

On September 17, 2021, the “Maker in China” SME Innovation and Entrepreneurship Global Contest 2021 Grand Final was held in Guangzhou, China. MAD Gaze, a Cyberport incubatee specializing in augmented reality smart glasses, was declared the winner of the championship.

I2Cool, a project of the City University of Hong Kong’s HKTech300, was the first runner-up. This startup promotes one-of-a-kind energy-free and environmentally-friendly passive radiative cooling paint to save energy. Ommo Technologies from Korea came third with its innovative position tracking technology.

This is the second time that a project from Hong Kong has won the championship since 2018. The contest saw the participation of 236 teams from 18 countries and regions. Of these, nine teams—three from Hong Kong—were selected as finalists.

“Maker in China”: providing a platform for SMEs and startups

“Maker in China” focused on nurturing innovation and ambition among start-ups. Zhou Jian, the Deputy Director of China Centre for Promotion of SME Development, Ministry of Industry and Information Technology of the People’s Republic of China, says, “Through ‘Maker in China’, we have brought forth new ideas and converged the entrepreneurial resources to create a positive atmosphere of ‘Innovation and Entrepreneurship’.” He believes that this initiative enabled small and medium enterprises and startups to demonstrate and exchange ideas, match with technology demands and incubate.

The brand director of MAD Gaze, the winning team, Chelsea Miu echoes this sentiment. She shares, “The competition has gathered so many top companies around the world. We are very excited and honored to be in the first place.” Expressing her optimism about the Greater Bay Area, Miu notes, “I believe that the national policy will be conducive to the popularization of AR technology and the application of smart glasses, and that domestic companies have abundant resources and cross-channel platforms to help us build a more prosperous ecosystem and industry chain.”

“Maker in China” brought together innovative technology, market-ready projects, marketized operations and government policies, and deal flows. The co-founder of I2Cool, the first runner-up team, Martin Zhu feels, “Through the competition, we also learned about the trend of energy saving in the Greater Bay Area, especially in buildings. This will help us achieve our goal of stationing at the Nansha District within this year.”

Cyberport’s Chief Public Mission Officer Eric Chan shares, “I am very pleased that both Hong Kong projects, among the 200 plus global projects, have excelled in the ‘Maker in China’ Grand Final.” For him, this success demonstrates the strength of Hong Kong’s science and technology development, and innovative capabilities. He believes that as more Hong Kong startups set up in the Greater Bay Area, “we can create stronger synergy to promote the development of the Greater Bay Area and Hong Kong as an international technology and innovation hub.”

The Hong Kong Chapter boasts patents, deal flows and investments

In image: Winners of the “Maker in China” Hong Kong Chapter – MAD Gaze (Left), I2COOL (Middle), Greater Bay Biotechnology (Right)

Winding back the clock to August, Cyberport had initiated over 100 patents and 50 deal flows at the Hong Kong Chapter of the “Maker in China”, ensuring that no participant goes home empty-handed. Miu reveals that the Hong Kong Chapter in mid-August has already helped MAD Gaze secure “nearly 10 potential deal flows”. Of the top ten finalists, half were from the Cyberport community. The contest gave startups a chance to access fund-raising opportunities. The Chief Executive Officer of Cyberport Peter Yan notes, “We were pleased to see a record number of participating companies, demonstrating the eagerness of local startups to expand to the Greater Bay Area market.” Yan further adds, “With more Hong Kong startups receiving investments from the Mainland and landing in the Greater Bay Area, this growing synergy within the region will further promote the development of the Greater Bay Area into an international innovation and technology hub.”

Competition and collaboration at the heart of Hong Kong

The Chairman of Angel Investment Foundation Ivan Shum, who judged the Hong Kong chapter of the contest for the third time, details, “I am happy to see that the contest has successfully attracted university R&D projects and excellent startups to cooperate with corporate investors to explore the Chinese market together.” He feels that this will strengthen the momentum of innovation at a national level and unveil infinite prospects for startups.

The Government Chief Information Officer Victor Lam lauded the contest in relation to China’s 14th five-year plan. The plan has boosted the city’s position as an international center of innovation and technology. He says, “I encourage all industry practitioners to actively participate in I&T competitions for the constant pursuit of innovation and excellence and make full use of the opportunity to connect with companies and investors of the GBA, thus making valuable contributions to Hong Kong’s I&T sector.”

Cyberport believes that startups in Hong Kong have immense potential and warrant a conducive environment. After the success of “Maker in China”, Cyberport, the digital community of over 1,650 startups, is set to give startups another boost with the Cyberport Venture Capital Forum (CVCF 2021) on 2-3 November. Visit CVCF 2021 for more details.

Images Courtesy: Cyberport

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Elon Musk Buy Next

What Is Elon Musk Going to Buy Next?

There are moments in our lives—perhaps we are in the shower or struggling to sleep at 2 A.M.—when we think about all the ways we could influence the world. We find solutions to crypto volatility, world hunger and our neighbor’s ultra-dry plants.

5 Technologies

5 Technologies That Are on Stage in Russia’s Invasion of Ukraine So Far

On February 21, 2022, Vladimir Putin, President of the Russian Federation, declared the independence of the Donetsk People’s Republic and Luhansk People’s Republic. Arousing international outcry, this ignited the ultimate invasion of Russia on Ukraine three days later. While Ukrainians are still defying Putin’s covetous ambitions, new technologies have been floating on the surface to take advantage of each other.

Technology Joy Ghose

Technology Pioneers – Interview With Joy Ghose of FreeD Group

Over the past 15 years, the Chief Commercial Officer (CCO) of FreeD Group Limited, Joy Ghose, has accumulated plenty of experience in the travel and technology industry. Before joining FreeD Group, Ghose was involved in sales, marketing and management roles at companies like Merlin Entertainments and The Hong Kong Tourism Board.

Creamy Mattes and Beyond Reviewing GoPlay Cosmtics’ Custom Lipstick Maker

To Creamy Mattes and Beyond: Reviewing GoPlay Cosmtics’ Custom Lipstick Maker

While researching for our piece on personal color analysis, I came across the LIPSKIT, a custom lipstick-making tool created by GoPlay Cosmetics. GoPlay Cosmetics is a DIY (do-it-yourself) make-up brand that is looking to prioritize sustainability in the make-up industry without compromising the variety of your lipstick collection.

Ledger vs Trezor

Ledger vs Trezor: Where Should You Store Your Crypto Holdings?

As lucrative as the cryptocurrency world is, it comes with a high risk of losing your crypto because of hacks. To make sure that your crypto holdings stay safe with you, you must carefully choose effective storage solutions for them. One of the ways to keep your crypto secure is by holding it in a hardware wallet.

4 best companion robots to consider in 2022

Alone No More: 4 Best Companion Robots to Consider in 2022

The Covid-19 pandemic and the isolation that accompanied it has given many of us a healthy appreciation for good company. Over the long periods of self-isolation and quarantine, we have come to the realization that company can also come in many non-human forms, like pets, plants and… Roombas?