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HKSTP inks MOU with Canadian gov't

Posted: 27 May 2008 ?? ?Print Version ?Bookmark and Share

Keywords:memorandum of agreement? China market? Hong Kong?

Hong Kong Science and Technology Parks Corp. (HKSTP) has signed a memorandum of understanding with the Ministry of Advanced Education and Technology (AET), government of Alberta, Canada that will allow firms from Alberta to find an easier path to Hong Kong and China's expanding markets.

Under the MOU, HKSTP and AET will work together to develop technologies, explore commercialization and growth activities, create networking opportunities and identify prospective business contacts.

This strategic alliance is expected to expedite the flow of business and technology not only between Hong Kong and Canada, but also Canada and China as Hong Kong serves as a gateway into the vast and fast-growing China market. Hong Kong's convenient location on China's doorstep and five hours' flight away from half the world's population adds a strong geographic advantage to our unique business environment to access neighboring regions.

"Hong Kong Science Park offers infrastructure, resources and service support for firms from Alberta to develop and commercialize their innovative ideas to tap into the huge China market as well as Asian regions, said E Anthony Tan, CEO of HKSTP. "Science Park's laboratories and our soon-to-open Biotechnology Center and Solar Energy R&D Support Center align closely with Alberta's priority focus areas of ICT, the life sciences and nanotechnology."

In addition, HKSTP offers the IncuTech Business Incubation Program that suits Alberta firms, including start-ups, to bridge the investment gap and commercialize their technologies. Perfisans Networks Co. Ltd, a Canadian IncuTech graduate, has not only expanded its business in Canada but has also won a network accelerator board order from a major Chinese wireless broadband solution provider.

HKSTP is also working together with universities in Canada, such as Simon Fraser and the University of Toronto, not only to groom professional staff but to nurture technology leaders through training, internships and summer employment.

"HKSTP and Hong Kong Science Park, located in one of the world's most influential economic hubs, offers many resources to Alberta companies," said Annette Trimbee, deputy minister of AET. "Our agreement will help connect companies in both countries with sources of market intelligence, investment capital and infrastructure so they can enter global markets."

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