Budget | Cyberport injects 200 million yuan into investment venture funds to strengthen start-up financing support

Financial News

Written by: Zhang Weilun

2021-02-24 23:00

Last update date: 2021-02-24 23:00

In his 2021-22 Budget, the Financial Secretary, Chen Maobo, proposed a number of measures to actively promote the development of innovation and technology. Cyberport welcomed it.

In order to further support the development of start-ups and technology enterprises, Cyberport will fully cooperate with the government, including injecting 200 million yuan into the "Cyberport Investment Venture Fund", strengthening the role of the Cyberport venture capital docking platform, and continuing to promote the Cyberport expansion plan to expand The innovation and technology ecosystem promotes the development of Hong Kong's innovation and technology and digital economy.

Cyberport Chairman Lin Jiali said that digital technology played an important role in the new economy during the acceleration of the digital transformation of society in the past year, and has become the key to helping society, enterprises and the general public adapt to the new normal.

I am happy to see that the government has actively promoted the development of innovation and technology in recent years and affirmed the importance of the digital economy.

As the flagship of Hong Kong's digital technology and the promoter of innovation and technology, Cyberport has been fully cooperating to cultivate more high-quality start-ups and talents, strengthen the innovation and technology ecosystem and promote industry development.

Cyberport will continue to help support the digitization of public services, promote the application of financial technology, and strengthen Cyberport’s financing support for start-ups to help them further expand their businesses to create a more vigorous innovation and technology ecosystem.

Cyberport has been committed to building a thriving innovation and technology ecosystem. In the past three years, the community of startups and technology companies in Cyberport has increased by 60% from 1,000 to 1,600, focusing on financial technology, smart living, digital entertainment and e-sports. The development of large-scale application technology.

As the largest financial technology base in Hong Kong, Cyberport will strengthen cooperation with financial and regulatory agencies such as the Hong Kong Monetary Authority to promote the implementation and application of innovative financial service products, and actively develop compliance technology, cyber security, legal technology, and other applications that Hong Kong has advantages Technology category.

To cope with the government’s development of smart cities and the digitalization of public services, Cyberport also cooperated with the OGCIO Cyberport to implement the "Smart Convenience Sandbox Pilot Project" last year, opening the application program interface for participating companies to conduct tests, and providing technical support and assistance The government collects opinions from the industry to optimize "smart convenience".

Cyberport will continue to actively promote the application of the "Smart Convenience" platform, assist in the establishment of digital infrastructure and promote the development of smart government.

Digital technology is an important driving force for future economic development. A complete innovation and technology infrastructure can provide greater development space for the industry. Cyberport will actively expand the innovation and technology space and related supporting facilities through the fifth phase expansion plan to accommodate more start-ups , To promote the development of the industry; at the same time, to consolidate the cultivation and development of talents to meet the ardent human resource needs of Hong Kong's innovation and technology development, to create a more vigorous and diversified innovation and technology ecosystem, and to bring benefits to Hong Kong's long-term innovation and technology development.

Budget | HSBC expects the government to announce details of measures such as consumer vouchers

Budget | Bank of China (Hong Kong) said that the budget takes into account short-term challenges and long-term development

Budget | The Banking Society supports employment and investment education measures proposed in the budget

Budget 2021 Budget Cyberport