Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Thursday, Jun 01, 2023

HKSTP and AstraZeneca signs MOU on strategic collaboration

HKSTP and AstraZeneca signs MOU on strategic collaboration

Hong Kong Science and Technology Parks (HKSTP) continues to strengthen the strategic partnership with AstraZeneca, one of the world’s leading pharmaceutical companies.
The goal of this collaboration is to position Hong Kong and the Greater Bay Area as a trailblazer in life science innovation and serve as a model for the region. This marks a milestone that HKSTP has entered into a multidimensional collaboration, which includes technology and data sharing, with a life science corporation.

Since 2021, AstraZeneca and HKSTP have been collaborating, and this partnership will not only continue but also be upgraded. The extended collaboration involves AstraZeneca and HKSTP supporting and providing services to startup companies under the HKSTP co-incubation programme. Additionally, the collaboration includes attracting more overseas and China mainland companies to the HKSTP community, with the aim of connecting them with hospitals, key opinion leaders in the Greater Bay Area, and universities in Hong Kong.

The 2022 Policy Address emphasized the city’s commitment to fostering innovation and technology. AstraZeneca and HKSTP share the same aspiration to partner with the HKSAR government to improve the healthcare ecosystem in Hong Kong.

AstraZeneca will also provide consultation on setting up international offices in Hong Kong and support connecting overseas investors with HKSTP co-incubation programs. Besides, roadshow sessions at HKSTP will be held for overseas and China R&D Health Conferences to forge non-traditional partnerships across geographical boundaries, facilitating collaborative action and opening up new opportunities to enhance patient-enabled innovation.

The MOU was signed by Ms. Shan Wu, General Manager of AstraZeneca Hong Kong and Macau, and Mr. Albert Wong, Chief Executive Officer of HKSTP, at a ceremony witnessed by Sir Pascal Soriot, Chief Executive Officer of AstraZeneca, Mr. Leon Wang, Executive Vice President, International and China President of AstraZeneca, and Dr Sunny Chai, Chairman of HKSTP.

Dr Sunny Chai, Chairman of HKSTP, expressed his delight in witnessing the collaboration between HKSTP and AstraZeneca in building a healthcare innovation ecosystem in Hong Kong. “Biotechnology is important not only to Hong Kong’s economic development but also humankind. Aligning with the Hong Kong Innovation and Technology Development Blueprint, HKSTP is fully committed to pioneering its success by welcoming talent, companies and investment globally to benefit from Hong Kong’s established track record in R&D, advanced manufacturing as well as commercialization. This latest agreement is another major milestone in our partnership with AstraZeneca and further builds upon the positive momentum within HKSTP’s biotechnology ecosystem.”

Ms. Lillian Cheong, Under Secretary for Innovation, Technology and Industry, said: “Promoting the development of I&T is of top priorities of the SAR Government. The National 14th Five-Year Plan also provides staunch support for Hong Kong’s development as an international I&T hub. The SAR Government proposed to focus on industries with an edge including life and health technology and formulate attractive special facilitation measures to attract prominent companies to set foot in Hong Kong or expand their existing businesses here. I am pleased to see the collaboration between AZHK and HKSTP which is not only a testament to Hong Kong’s great R&D capabilities in life and health technology, but also demonstrates the co-operation between the upstream and downstream sectors. I look forward to joining hands with all of you to fully seize the golden development opportunities ahead.”

Mr. Leon Wang, Executive Vice President, International and China President of AstraZeneca, expressed his enthusiasm for the partnership between HKSTP and AstraZeneca. “As a global pharmaceutical leader with strong connections to business leaders, scientists, marketers, and investors around the world, AstraZeneca is well-equipped to help nurture more health talents and drive significant growth in Hong Kong’s medical research, drug development, and clinical trial processes.”

Dr Grace Lau, Head of Institute for Translational Research, HKSTP, emphasized the importance of attracting more large multinationals to become co-incubators and establish research and development laboratories within the HKSTP ecosystem. Multinationals provide invaluable mentorship, sharing their resources and expertise with startups. HKSTP has already established partnerships with multinationals that operate innovation centers overseas, effectively extending their incubation program to other parts of the world. Additionally, they hope to draw more quality startups to Hong Kong with the help of these multinational partners.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.

Related Articles

Hong Kong News
America's Got Talent…
Elon Musk has been showered with praise by the Chinese public during his trip to China
Nvidia Joins Tech Giants as First Chipmaker to Reach $1 Trillion Valuation
Drone Attack on Moscow's Wealthiest Neighborhoods Suspected to be Launched by Ukraine
Elon Musk Meets Chinese Finance Minister in Beijing
AI ‘extinction’ should be same priority as nuclear war – experts
Chinese fighter jet buzzes U.S. Air Force spy plane over South China Sea
Prominent Hacker Forum RaidForums Suffers Substantial Data Breach
Nvidia CEO Huang says firms, individuals without AI expertise will be left behind
WPP Revolutionizes Advertising with NVIDIA's AI Powerhouse
Two US Employees Fired For Chasing Robbers Out Of Store As They Broke ''Company Policy''
Pfizer, the EU, and disappearing ink - Smoke, Mirrors, and the Billion-Dose Pfizer Vaccine Deal: EU's 'Open Secret
The Sussexes' Royal Rebound: Could Harry and Meghan Markle Return to the UK?
A provocative study suggests: Left-Wing Extremism and its Unsettling Connection to Psychopathy and Narcissism
Neuralink Receives FDA Approval for First-in-Human Clinical Study
Ukrainian Intelligence Official Admits to Assassination Attempts on Putin
WATCH THIS: democracy in Russia is so bad!
Ed Davey: It is possible for a woman to have a penis
Bernard Arnault Loses $11.2 Billion in One Day as Investors Fear Slowdown in US Growth Will Reduce Demand for Luxury Products
Russian’s Wagner Group leader: “I am not a chef, I am a butcher. Russia is in danger of a revolution like in 1917.”
TikTok Sues Montana Over Law Banning the App
Ron DeSantis Jumps Into 2024 Presidential Race, Setting Up Showdown With Trump
Steve Jobs introducing Apple's iPhone, exactly 16 years ago.
Banking Behemoth vs Ex-Boss: The PMorgan-Epstein Entanglement
China overtakes Japan as world's top car exporter
Talks between US House Republicans and President Biden's Democratic administration on raising the federal government's $31.4tn debt ceiling have paused
Biden Administration Eyeing High-Profile Visits to China: The Biden Administration is heating things up by looking into setting up a series of top-level visits to Beijing by top officials in the coming months
New evidence in special counsel probe may undercut Trump’s claim documents he took were automatically declassified
A French court of appeals confirmed former President Nicolas Sarkozy's three-year jail term for corruption and influence peddling
Debt Ceiling Crises Have Unleashed Political Chaos
Weibao Wang, a former software engineer at Apple, was charged with stealing trade secrets related to autonomous systems, including self-driving cars
Mobile phone giant Vodafone to cut 11,000 jobs globally over three years as new boss says its performance not good enough
Elon Musk compares George Soros to Magneto, the supervillain from the Marvel Comics series.
Warren Buffett Sells TSMC Shares Over Concerns About Taiwan's Stability
New Study Finds That Secondary Bacterial Pneumonia Is a Major Cause of Death in COVID-19 Patients Who Require Ventilator Assistance
The official tapes of Trump's deposition in the E. Jean Carroll battery (rape) and defamation case have been released.
King Charles III being crowned.
Newly released video of Donald Trump’s rape trial deposition:
Video: Ukraine MP Punches Russian Representative At Global Meet
El Paso mayor has declared a state of emergency
Russia accused Ukraine of attacking the Kremlin with drones in an attempt to kill Putin
Dutch court orders man who fathered 550 kids to stop donating sperm
Kim Kardashian Lookalike Christina Ashten Dies Of Cardiac Arrest, Hours After Plastic Surgery
Samsung has banned employees from using generative AI services such as ChatGPT
'Godfather Of AI' Geoffrey Hinton Quits Google To Warn Of The Tech's Dangers
A Real woman
Vermont Man Charged with Stalking After Secretly Tracking Woman with Apple AirTag
Elon Musk Statements About Tesla Autopilot Could Be 'Deepfakes,' Lawyers Claim. Judge Evette Pennypacker Does Not Understand How Far and Advanced This Technology Became
Ukraine More Prepared for Counterattack as Reinforcements Arrive
Tucker Carlson is back, soon!