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HKSTP showcases Hong Kong’s world-class biotech ecosystem as an ideal platform to propel startups and large pharma companies to success and global scale.
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Asia Pacific is the fastest growing biotechnology region in the world, with a compound annual growth rate of 16.9% from 2022 to 2030.
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“Think Business, Think Hong Kong” conference in which the French Minister of Foreign Trade and the Financial Secretary of Hong Kong will participate, on September 19 at the Carrousel du Louvre in Paris.
HONG KONG SAR – Media OutReach – September 14, 2023 – Hong Kong Science and Technology Parks Corporation (HKSTP), will join the “Think Business, Think Hong Kong” symposium organized by the Hong Kong Trade Development Council (HKTDC) on September 19, at Carrousel of the Louvre in Paris.
Hong Kong’s largest innovation and technology (I&T) ecosystem and incubator, HKSTP, will lead a contingent of healthcare and biotech leaders to explain how Hong Kong can help biotech start-ups and big pharma companies French companies to succeed and exploit the enormous potential of Asian health markets. At the same time, French expertise and talent will also help advance Hong Kong’s goal of becoming an international biotechnology and technological innovation hub.
Mr. Olivier Becht, French Minister of Foreign Trade, Economic Attractiveness and French People Abroad and Mr. Paul Chan, Financial Secretary of the HKSAR Government, will join a group of business leaders during the event, including Dr. Peter Lam, Chairman of HKTDC, and Mr. Albert. Wong, CEO of HKSTP to discuss the potential for collaboration between the French and Hong Kong I&T ecosystems.
Asia-Pacific is expected to become the fastest-growing biotechnology region in the world, with a compound annual growth rate of 16.9% between 2022 and 2030, according to
Vision Research. The region is also experiencing improving health infrastructure, supportive government policies and an increasingly critical challenge of an aging population. Hong Kong is well located as an ideal hub for both the huge markets of North Asia and the diverse, fast-growing economies of Southeast Asia.
Biotech stars on the rise
To discuss these issues and opportunities, HKSTP is hosting a thematic session and pavilion on biotechnology at the “Think Business, Think Hong Kong” symposium, with four executives from growing Hong Kong-based biotechnology companies demonstrating the ability of the city to propel innovation towards global success.
The four speakers and biotechnology companies include:
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Dr. Ricky Chiu Yin-To, CEO, co-founder and lead inventor of Phase Scientific’s underlying diagnostic technology. Among its most successful products is OratectXP, the first FDA-approved addiction diagnostic that used oral fluid.
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Dr. Yiyou Chen, Co-founder, Executive Director and Chief Scientific Officer of New Horizon Health. Chinese cancer screening pioneer New Horizon Health Limited has listed in Hong Kong in a bid to go global.
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Professor Roberto Bruzzone, a renowned cell biologist, recognized for his work on direct cell-cell communication via connexins and related human diseases. C2i is a vaccine and therapeutic partnership between the Institut Pasteur, world leader in infectious diseases, and the University of Hong Kong.
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Professor Siew Chien Ng, expert in microbiology, co-founder of GenieBiome, professor at the CUHK Faculty of Medicine, director of the Microbiota I-Center (MagIC). GenieBiome Limited (G-NiiB) is a pioneer in gut health and has launched the world’s first antiviral formulation for the gut microbiome.
Riding the upward trajectory of a record funding of 13.49 billion euros in 2022, French startups are looking for new growth opportunities, while the French government has also launched the Healthcare Innovation 2030 plan in 2021 with a budget of 7.5 billion euros with the aim of leading biotechnology innovation in 2022. Europe.
“The potential next step for French biotechnology is to grow and globalize. Asia offers diverse opportunities, with Hong Kong being the ideal launch pad for French biotechnology as a driver of funding, partnerships and talent to translate and scale medical innovations towards global success. domain knowledge and innovation will also provide a vital boost to Hong Kong’s ambition to become an international innovation hub,” said Mr. Albert Wong, CEO of HKSTP.
Ecosystem completeness
Hong Kong is the leading biotechnology financing center in Asia and the second largest in the world thanks to the biotechnology-friendly Chapter 18A listing policy of the Hong Kong Stock Exchange, while also being ranked 12th.th in the Global Healthcare Innovation Index, ahead of the United Kingdom and Canada. The government has also funded the InnoHK initiative with 14 research hubs dedicated to biomedical and health technologies, located at the Hong Kong Science Park.
HKSTP has built a thriving, fully integrated biotech ecosystem that can support companies at every stage of the startup journey to scale. Today, the HKSTP has around 250 biotechnology companies boosted by incubation programs such as the dedicated Incu-Bio program, as well as attractive grants and supportive government policies. World-class talent abounds with Hong Kong’s top five universities ranked by The Times, as well as China’s projected annual output of 77,000 STEM doctorates per year by 2025, compared to 40,000 in the United States, according to the estimate from the Center for Security and Emerging Technology. .
HKSTP has forged powerful ties with global pharmaceutical leaders such as Roche, Merck, Boehringer Ingelheim and Shanghai Pharmaceutical, as well as government, public and private hospitals and healthcare facilities. These partnerships help all parts of the ecosystem grow in the Greater Bay Area (GBA), China, Asia Pacific and global markets.
Hong Kong already has a strong French contingent and community with a total of 800 French companies, including 373 subsidiaries and 92 regional headquarters based in Hong Kong, according to the agency.
the French embassy. Interested parties can join the HKTSP Biotechnology Pavilion and hear from biotechnology innovation leaders and other innovation ecosystem experts at the “Think Business Think Hong Kong” symposium.
Register now:
https://thinkbusinessthinkhk-2023.site.digitevent.com/en/
Learn more:
https://thinkbusinessthinkhk.com/2023-paris/symposium/en/event-details/programme.html
Hashtag: #Hong Kong Science and Technology Parks
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