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StartmeupHK Festival informs, entertains and spotlights Hong Kong as perfect location for innovative start-ups (with photos)

     Hong Kong’s annual StartmeupHK Festival, organised by Invest Hong Kong (InvestHK), ended last Friday (January 25) with the venue packed right to the last minute after a week of events loaded with surprises, insights and thoroughly entertaining speakers. Guests throughout the festival had shared wisdom and discussed their experience in entrepreneurship, funding, creativity, communication, growing a business, and more, along with the pain, the setbacks and the struggle for success.
 
     The week drew well over 17 000 delegates and more than 300 speakers, presenters, panellists and performers to the Hong Kong Convention and Exhibition Centre. A feature of the StartmeupHK Festival is that it brings together multiple sectors within the technology and start-up community not just from Hong Kong, but from around the world, to exchange ideas and do business. This is supported by a carefully curated programme of events with an eclectic mix of content and speakers.
 
     The events this year comprised the Healthtech O2O Summit, TECH[LIFE]STYLE Conference, Retail’s Cutting Edge, Jumpstarter, the Connected Cities Conference, the AI & Education Conference and the Startup Impact Summit. While the events focused on different aspects of technology and start-ups, the link between them was an emphasis on new trends, fresh thinking and cutting-edge innovation.

     “The level of attendance, the quality of the speakers and the tremendous feedback on the week that we’ve had reflect on Hong Kong as a perfect location for doing business and a truly welcoming one too,” the Director-General of Investment Promotion at InvestHK, Mr Stephen Phillips, said.
 
     At the Healthtech O2O Summit, the Under Secretary for Food and Health, Dr Chui Tak-yi, talked about moving ahead with a large-scale genomic sequencing project. The Senior Vice President of the Market Development Division at Hong Kong Exchanges and Clearing Limited (HKEX), Mr Michael Chan, said the new rules that have been in effect since last April to make it easier for biotech and healthtech companies to list have helped HKEX to be the world’s leading exchange for the sixth time in 10 years.

     Associate Director-General of Investment Promotion at InvestHK Mr Charles Ng, opened the TECH[LIFE]STYLE Conference with news that Hong Kong has overtaken New York as the city with the most high-net-worth individuals (HNWIs) – 149 000 HNWIs worth US$769 billion – which is important as an indicator of the amount of capital available for investment in startups.

     AI and facial recognition technology drew a lot of attention throughout the week. Co-founder of SenseTime Mr Xu Bing, whose company is a leader in AI and one of Hong Kong’s unicorns, said: “In the past three years, we’ve seen around 500 million people using this process to identify themselves when opening a bank account, transferring money and for proving identity.”
 
     Speaking at Retail’s Cutting Edge, Associate Director-General of Investment Promotion at InvestHK Dr Jimmy Chiang, talked about the region’s demographics. “There’s a lot more that retailers can do to service the growing Muslim market,” he said. “The current Muslim market population is 1.6 billion, nearly a quarter of the world’s total population, of which 60 per cent live in Asia. That number will reach 2.2 billion by 2030.”
 
     The Connected Cities Conference saw the release of KPMG’s new and wide-ranging the Connected Cities Report. Keynote speaker, the Under Secretary for Innovation and Technology, Dr David Chung, said the Government aims to double its contribution to research and development investment to 1.5 per cent of Gross Domestic Product.
 
     One of the highlights of the week was the two-day Jumpstarter, hosted by the Alibaba Entrepreneurs Fund. Guest of honour the Chief Secretary for Administration, Mr Matthew Cheung Kin-chung, reiterated the Government’s commitment to research and development, infrastructure and talent, investment funding and the ecosystem for start-ups.
 
     In a keynote, the Executive Vice Chairman of Alibaba Group and Director of the Alibaba Hong Kong Entrepreneurs Fund, Mr Joe Tsai, emphasised that innovation must be bottom-up – companies don’t innovate, it’s the people that innovate. He stressed the importance of mission, vision and values: “these are the three most important things to think about as you start your business”.

     The Jumpstarter competition was won by ASA Innovation & Technology, a Hong Kong-based maker of the Airluna air-purifier lamp. Described as a “lamp that breathes,” Airluna uses nanotechnology to eliminate pollutants at a microscopic scale.

     The week wrapped up with a double-header on Friday: the AI & Education Conference and the Startup Impact Summit. The key message from the AI & Education Forum was that AI can help us become better humans.
 
     At the Startup Impact Summit, the Head of Strategy at WeLab, Ms Jessica Lam, said she appreciated Hong Kong’s regulatory system because “it’s clear about what you can do and what you can’t do”. Co-founder and CEO at Prenetics, Mr Danny Yeung, told the audience how 80 to 90 per cent of cancer and cardiovascular diseases can be prevented.
 
     Commenting on the week, the Head of StartmeupHK at InvestHK, Ms Jayne Chan, said “We brought back some of the most popular events from previous StartmeupHK Festivals, and added some new features, such as Jumpstarter and the Startup Impact Summit. The response was tremendous and we had fantastic speakers and lots of variety, with the hosts of each event doing a great job.”

     For further details, please go to the website (www.startmeup.hk/festival-2019).
 
About InvestHK

     InvestHK is the department of the Hong Kong Special Administrative Region Government responsible for attracting foreign direct investment and supporting overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services for overseas and Mainland companies. For more information, please visit www.investhk.gov.hk.

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Management company of Fu Heng Market in Tai Po convicted for illegal wastewater discharge

     Fu Heng Market in Tai Po illegally discharged substandard wastewater. Bright Lamp Industrial Limited, which is responsible for management of the premises, was fined $8,000 by Fanling Magistrates’ Courts today (January 29) for contravening the Water Pollution Control Ordinance (WPCO).

     The Environmental Protection Department (EPD) received a complaint from a member of public last July about the discharge of wastewater from Fu Heng Market. After inspection, the EPD officers found that the wastewater discharged by one of the grease traps at Fu Heng Market was turbid and greasy, and suspected that the grease trap was not operating properly. The EPD officers then collected wastewater samples for analysis and the results showed that the concentration of oil and grease exceeded the upper limits of the relevant statutory discharge standards by nearly double. After evidence gathering, the EPD prosecuted the property management company of Fu Heng Market in accordance with the WPCO.

     A spokesperson for the EPD reminded all property management companies that they should arrange regular inspection, repair and maintenance of the wastewater treatment facilities for premises under their management. They should also ensure the proper operation of these facilities and strictly adhere to the relevant discharge standards as stipulated in the licence to avoid polluting the river channel or blocking the public sewers downstream by oil and grease discharged, which may result in overflow of wastewater and adversely affect environmental hygiene.

     Under the WPCO, anyone who discharges substandard commercial or industrial wastewater into communal sewers or communal storm drainage system commits an offence. First-time offenders are liable to a maximum fine of $200,000 and six months’ imprisonment. A maximum fine of $400,000 and six months’ imprisonment may be imposed on second or subsequent convictions. read more

CHP investigates case of severe paediatric influenza A infection

     The Centre for Health Protection (CHP) of the Department of Health (DH) is today (January 29) investigating a case of severe paediatric influenza A infection.

     The case involves a 2-month-old baby boy with good past health, who has presented with fever, cough and runny nose since January 24. He was brought to the Accident and Emergency Department of Prince of Wales Hospital for medical attention on January 28 and was admitted and transferred to the paediatric intensive care unit of the hospital for further management on the same day. His nasopharyngeal aspirate tested positive for influenza A virus upon laboratory testing. The clinical diagnosis was influenza A infection complicated with severe pneumonia. He is now in a serious condition.

     Initial enquiries revealed that the patient had no travel history during the incubation period. His grandparents and a male relative had upper respiratory tract infection symptoms recently, and they sought medical attention and have been in a stable condition. No hospitalisation is required. His other home contacts have remained asymptomatic so far.

     The CHP’s investigations are ongoing.

    “The latest surveillance data indicated that the local seasonal influenza activity may remain at an elevated level for some time. We urge the community to continue heightening its vigilance against seasonal influenza. As young children are particularly affected in this influenza season, we appeal to parents who have not yet arranged vaccination for their children in this season to do so as soon as possible to strengthen their personal protection,” a spokesman for the DH said.

     Apart from children, people aged 50 to 64 years, the elderly and those with underlying illnesses who have not yet received influenza vaccination this season are also urged to get vaccinated as early as possible to prevent seasonal influenza as it takes about two weeks for antibodies to develop in the body after vaccination. Medical advice should be sought promptly if influenza-like symptoms develop so that appropriate treatment can be initiated as early as possible to prevent potential complications. Parents and carers are reminded to render assistance in prevention, care and control for vulnerable people.

     Besides receiving seasonal influenza vaccination as early as possible for personal protection, the public should maintain good personal and environmental hygiene for protection against influenza and other respiratory illnesses. For more information, please visit the CHP’s influenza page and weekly Flu Express. read more