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HKSTP, Canada government ink deal on tech biz

Posted: 04 Jun 2008 ?? ?Print Version ?Bookmark and Share

Keywords:wireless broadband? technology development? Hong Kong gateway?

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

The alliance is expected to expedite the flow of business and technology between Hong Kong and Canada, as well as Canada and China with Hong Kong serving as gateway into China's market. Hong Kong offers a convenient location that adds a strong geographic advantage to its unique business environment to access neighboring regions.

"HKSTP offers infrastructure, resources and service support for firms from Alberta to develop and commercialize their innovative ideas to tap into the China market and Asian regions," said 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."

Some subsidiaries of semiconductor companies, such as ViXS Systems Hong Kong and SiGe Semiconductor Hong Kong, have experienced the good technology environment at Hong Kong and the Science Park.

The IncuTech Business Incubation Program of HKSTP is also ideal for Alberta's firms, including start-ups, to bridge the investment gap and commercialize their technologies. Perfisans Networks Co. Ltd, a Canadian IncuTech graduate, has expanded its business in Canada and has also won a network accelerator board order from a major China wireless broadband solution provider.

HKSTP also works together with universities in Canada, such as Simon Fraser and the University of Toronto to grow professional staff and to nurture future technology leaders through training, internships and summer employment.

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

"Through the technology exchange program, this alliance will sow the seeds for long-term, sustained technology development and collaboration far into the future," added Tan.

"HKSTP and Hong Kong Science Park 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."

Alberta companies that wish to access HKSTP can receive assistance from the Alberta International Business Partnership Program (AIBPP). AIBPP aims to assist enterprises in finding cost-effective ways to commercialize and export products into China via partnership exploration, partnership engagement and market penetration.

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