One minute to know the damage degree startup company's detection technology to solve the collision compensation dispute has been invested by CityU Fund

City University of Hong Kong launched the "HK Tech 300" business plan last year to promote the further development of start-ups. 50 selected start-ups will receive 1 million yuan in angel funds each.

Li Huiguang, managing director of CityU Enterprises Limited, said at an online press conference today (26th) that the plan will be implemented in the mainland to nurture more scientific and technological talents.

One of the founders of Alpha AI Technology Limited, which has received investment from angel funds, shared that there are many traffic accidents in Hong Kong every year. With artificial intelligence technology, car owners can check the damage of their cars in real time through a mobile application, and it can also facilitate car owners to make insurance claims.

City University launched the "HK Tech 300" business plan last year to promote the development of start-ups. Each company can receive up to 1 million yuan in funding.

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50 selected companies were invested by CityU Angel Fund, and each received up to 1 million subsidy

CityU launched the "HK Tech 300" innovation and entrepreneurship program last year, investing 500 million yuan within three years to help City students, alumni and researchers start their own businesses.

CityU Vice President (Research and Technology) Yang Mengsu pointed out that a total of 50 companies have received angel funds, and each company can receive up to 1 million yuan in funding.

All start-ups are reviewed for different criteria, including the business's competitive advantage in the market, the innovative elements of the project, the scale of sustainable development, etc.

Li Huiguang, managing director of CityU Enterprises Limited, described the selected companies as being aware of how innovative technologies can help society and their potential for development.

(Screenshot of online sharing session)

Among them, 3 start-up teams shared today that the angel fund can support them in updating computers and research machines, and can also hold different workshops to contact companies in the industry.

Using AI technology to scan the body program with a mobile phone and provide a settlement agreement

He Jinyi, the founder of Alpha AI Technology Limited, one of which has received investment from an angel fund, said that on average, nearly 42 traffic accidents occur in Hong Kong every day, and friends around him often dispute compensation with insurance companies due to car crashes.

Therefore, he uses AI smart technology to scan the body with a mobile phone, and can detect the degree of damage to internal parts or instruments. The process only takes 1 minute, and the program also provides a relevant settlement agreement so that all stakeholders can deal with it immediately.

He pointed out that he has contacted different insurance companies and car rental platforms, hoping to effectively resolve the dispute over vehicle compensation.

Traffic accidents, big and small, occur every day in Hong Kong, and car owners often have disputes with insurance companies for compensation.

(File photo/Photo by Lin Langtian)

The founder of Alpha AI Technology Limited shared that there are many traffic accidents in Hong Kong every year, and artificial intelligence technology enables car owners to check the damage of their cars in real time through a mobile app. The process only takes one minute, and the entire car claim process is also convenient.

(Screenshot of online sharing session)

In addition, some start-up companies share that they use artificial intelligence and digital medical imaging technology to help veterinarians diagnose and identify animal cancer cells early.

Chen Zhuoying, an alumnus of the Department of Physics at CityU and one of the founders of IT Sci, explained that by adding H&E chromosomes and using intelligent technology, animal cancer cells can be detected in as little as 2 minutes.

(Screenshot of online sharing session)

Li Huiguang, managing director of CityU Enterprises Limited, added that these start-ups are well aware of the market demand and how their innovative technologies can help the society, which shows the potential for development.

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