
HKSTP Joins Hands with Mainland and Overseas Institutions to Launch Global University Innovation Network
HONG KONG SAR - Media OutReach Newswire - 14 July 2025 - The Hong Kong Science and Technology Parks Corporation (HKSTP), in collaboration with 15 local tertiary institutions and supported by leading global tertiary institutions and organisations, today celebrated the 10 th anniversary of its flagship international intercollegiate innovation and technology (I&T) event, Hong Kong Techathon+ (HK Techathon+) at Hong Kong Science Park. The occasion also marked the launch of the "Global University Innovation Network" (GUIN), a new initiative designed to deepen international collaboration among tertiary institutions, and further bolster Hong Kong's position as an international talent and I&T hub.
Establishment of GUIN to Foster Global Innovation and Talent Exchange
The newly established GUIN is a collaborative effort between HKSTP and 15 local institutions: The University of Hong Kong, The Chinese University of Hong Kong, The Hong Kong University of Science and Technology, The Hong Kong Polytechnic University, City University of Hong Kong, Hong Kong Baptist University, The Education University of Hong Kong, Lingnan University, Hong Kong Metropolitan University, The Hang Seng University of Hong Kong, Hong Kong Shue Yan University, Technological and Higher Education Institute of Hong Kong, Hong Kong Institute of Information Technology, Hong Kong Institute of Vocational Education, and Tung Wah College.
GUIN is further supported by renowned universities, in the overseas including Nanyang Technological University (Singapore), Singapore Management University, Singapore University of Social Sciences, The University of Queensland (Australia), The University of Newcastle (Australia), Xi'an Jiaotong-Liverpool University (mainland China), Chulalongkorn University (Thailand), Universiti Malaya (Malaysia), and Astana Business Campus of Nazarbayev University (Kazakhstan).
The initiative aims to enhance innovation collaboration between Hong Kong and esteemed global institutions, facilitating cross-regional resource sharing, talent exchanges, and the commercialisation of R&D outcomes. GUIN will attract top-tier international I&T teams and startups to Hong Kong, further elevating the city's position as the international talent and I&T hub.
Profess Sun Dong, Secretary for Innovation, Technology and Industry, remarked, "Hong Kong enjoys a unique advantage of having strong support from the motherland and close connection with the world, converging global innovation resources, including high-calibre talents. The Government is committed to developing Hong Kong into an international I&T centre. Over the past two years, we have attracted over 200 I&T enterprises with high potential and representativeness to set up or expand their businesses here. I encourage all the young talents to seize this opportunity to collaborate, innovate and push the boundaries of what is possible."
Mr Albert Wong, CEO of HKSTP, said: "From a bold vision a decade ago, HK Techathon+ has evolved into a flagship Hong Kong and international intercollegiate I&T event, symbolising the collective commitment of HKSTP, our partnering institutions, and supporters in nurturing innovative talent. HKSTP has been committed to cultivate a vibrant I&T ecosystem, offering comprehensive support to young innovators – from ideation and R&D to business expansion. We look forward to seeing these young talents unleash their creativity and potential, becoming key drivers of Hong Kong's I&T development and co-creating an exciting new chapter in our city's innovation journey."
Key initiatives Under GUIN:
1. Theme-based Global Incubation Programme
Leveraging the research strengths of Hong Kong's tertiary institutions, this Programme attracts global innovation teams to conduct R&D and commercialisation activities locally. The Programme will develop in various academic sectors. The initial phase includes partnerships with the University of Hong Kong's Faculty of Dentistry to establish the "Global Hub for Future Dentistry" programme, and with The Hong Kong Polytechnic University's School of Optometry and InnoHK Centre for Eye and Vision Research to launch the "Global Vision Tech Incubation" programme.
2. Talent Exchange Initiatives
Through HKSTP's Global Internship Programme and industry academia research frameworks, overseas talents gain valuable practical experience and industry engagement opportunities. This summer alone, HKSTP welcomed over 200 interns from world-leading institutions – including 32 students from The University of Newcastle, Australia, partner of GUIN – to work with five startups in the Science Park on credit-bearing projects.
HK Techathon+ Celebrates a Decade of Promoting Intercollegiate I&T Collaboration
Since its inception in July 2015, HK Techathon+ has grown significantly, attracting over 7,000 young innovators, generating more than 2,400 innovative projects, and nurturing hundreds of entrepreneurs and startups. Many alumni have gained global recognition, with several featured on the "Forbes 30 Under 30 Asia" list.
Since expanding into a global event in 2024, HK Techathon+ has welcomed participation from over 30 leading international institutions from mainland China, Taiwan, Macao, Singapore, Malaysia, Thailand, Australia, and the United States, including world renowned institutions such as the Massachusetts Institute of Technology (MIT), Stanford University, and The University of Queensland. This international platform enables local and overseas academic innovators and startups to exchange ideas, deepen their understanding of Hong Kong's vibrant I&T ecosystem, and integrate seamlessly into the city's innovation landscape.
Hashtag: #HKSTP
The issuer is solely responsible for the content of this announcement.
About Hong Kong Science and Technology Parks Corporation
Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 13 unicorns, more than 15,000 research professionals and over 2,300 technology companies from 25 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.
Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.
Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.
Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues contribute in establishing I&T as a pillar of growth for Hong Kong.
More information about HKSTP is available at www.hkstp.org.
Hong Kong Science and Technology Parks Corporation
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Zawya
23 minutes ago
- Zawya
Cushman & Wakefield: China Leads REIT Market Expansion in Asia while India's REIT Market Demonstrates Robust Growth
HONG KONG SAR - Media OutReach Newswire – 17 July 2025 – China and India's Real Estate Investment Trust (REIT) markets showed robust growth in 2024 and are expected to continue to attract strong investor interest this year, according to Cushman & Wakefield's Asia REIT Market Insight 2024-2025. The annual report revealed that the Chinese mainland REIT (C-REIT) market achieved a remarkable 85% increase in market value at the end of 2024, surpassing Hong Kong and becoming one of the region's top three REIT markets. In the same period, India's REIT market demonstrated robust growth in the office sector, driven by strong leasing demand for institutional-grade office space. Meanwhile, mature markets such as Japan, Singapore and Hong Kong moved toward stabilization, underlining their long-term resilience. Catherine Chen, Director, Investor Client Intelligence & Insights, Asia Pacific at Cushman & Wakefield said, "The unprecedented growth in the C-REIT market highlights its role as a critical driver of regional expansion, while India's performance emphasizes the growing strength of the country's institutional-grade real estate. These markets continue to create new and exciting opportunities for investors targeting Asia." Cushman & Wakefield's data showed a total of 263 active REIT products in the Asia market as of December 31, 2024, with a combined market value of US$235.8 billion, reflecting a year-on-year decline of 6.5%. The contraction was primarily driven by declines in the U.S. dollar values of the Japan, Singapore and Hong Kong markets due to the widespread softening in REIT stock prices and unfavorable exchange rate movements. Amid these declines, the Chinese mainland REIT market emerged as a bright spot, posting an impressive 85% year-on-year rise in market value, attributable to new REIT product issuances and strong investor demand for infrastructure-backed assets. In the mature markets, Japanese REITs experienced significant gains in dividend yield, led by stock price moderation and asset performance improvements, particularly among hotel REITs, which benefited from inbound tourism. In Singapore, positive total returns were observed across multiple property types in 2024, including data centres at 9.7%, and healthcare at 6.9%. Elsewhere in Asia, Thailand demonstrated robust performance with a 41% increase in market value, marking it as the second-highest growth market in the region. The Philippines, Malaysia and India reported increases of 37%, 21% and 13% respectively, supported by their favorable economic fundamentals and attractive real estate sectors. Total Market Value of Active REITs on Major Asia Exchanges (December 2024) Market Number of REITs Market Value (USD billion) Market Share (%) Japan 57 90.8 38.5 Singapore 39 67.4 28.6 Chinese Mainland 58 21.4 9.1 Hong Kong, China 11 16.1 6.8 India 4 11.0 4.6 Thailand 38 8.3 3.5 Malaysia 18 7.7 3.2 The Philippines 8 5.8 2.5 South Korea 24 5.3 2.3 Taiwan, China 6 21.0 0.9 Total 263 235.8 100 Source: Bloomberg database, compiled by Cushman & Wakefield Valuation & Advisory Services Expansion of C-REIT market The year 2024 saw a breakthrough in C-REIT issuance with 29 new REIT products, including 19 real estate-backed REITs. This represented the highest annual issuance recorded to date. Among product categories, consumer infrastructure REITs led the issuance count with seven new listings, followed by industrial park REITs with six launches. Heading into 2025, the market has maintained its robust trajectory with six REITs launched in Q1, including five real estate-backed products. As of March 31, 2025, a total of 64 public infrastructure REITs were listed in the Chinese mainland, marking a significant period of growth in the market. Chris Yang, Senior Director, Head of REITs Practice Group, China, at Cushman & Wakefield said, "The C-REIT market has achieved a historic milestone in 2024, in both market value expansion and new product issuance. This surge reflects both greater investor confidence in infrastructure-backed REITs and the success of new issuances in retail and industrial REITs. Looking ahead, we anticipate further diversification and expansion as regulatory frameworks evolve to attract both domestic and international investors." Global capability centres drive leasing demand for India office REITs India's office asset REITs have attracted a considerable share of demand from global capability centres (GCCs), which is an important growth driver for India's office markets. At a Pan-India level, GCCs have accounted for 28%–29% of gross leasing volume on average over the last four quarters up to Q1 2025. In contrast, REIT landlords were able to achieve a much higher share, at 40%–60% of total leasing demand from GCC firms, rendering institutionally owned assets the preferred choice for many multinational occupiers. Somy Thomas, Executive Managing Director, Valuations and Co- Head, Capital Markets, India at Cushman & Wakefield commented, "India's REIT market continues to carve a strong trajectory, with exceptional growth seen across the office sector. Multinational companies, especially GCCs have driven record leasing activity, which now accounts for a significant share of the nation's Grade A office stock. There has also been a growing preference among occupiers for premium grade assets, thereby significantly benefiting REITs. All three office REITs in India achieved occupancy rates close to 90% at the end of Q1 2025." A fourth office REIT in India is expected to make its listing debut by the end of the calendar year 2025. With 48 million sq ft of Pan-India Grade A office space (37 million sq ft operational and 11 million sq ft under development), Knowledge Realty Trust, which is backed by Blackstone and Sattva Developers is expected to become one of the largest real estate investment trusts listed in India. Looking Ahead The Asia REIT market is poised for continued evolution as it navigates the dual forces of mature market stabilization and emerging market expansion. "We expect the mature markets of Japan, Singapore and Hong Kong to focus on enhancing operational efficiencies while grappling with the challenges posed by global monetary policy shifts. On the other hand, emerging markets, particularly the Chinese mainland, India and Thailand are expected to continue to grow, bolstered by strong economic fundamentals and supportive regulatory frameworks", noted Catherine Chen. Cushman & Wakefield's report also noted that data centre and hospitality REITs are expected to remain highly visible on investors' radar, driven by AI advancements and recovery in the tourism sector respectively. Additionally, M&A activity is likely to pick up as players seek scale and diversification to better weather market fluctuations. Please click here to download the report. Hashtag: #Cushman&Wakefield The issuer is solely responsible for the content of this announcement. Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit or follow us on LinkedIn ( Cushman & Wakefield


Tahawul Tech
an hour ago
- Tahawul Tech
Connected Experiences Archives
"They are far more than just a logistics provider; they act as a critical extension of both @Cisco and our own team". Learn more about the alliance between @sa_axs and Comstor below. #AxeleratedSolutions #WestconComstor #tahawultech #Cisco


Khaleej Times
2 hours ago
- Khaleej Times
India can secure oil even if Russian imports sanctioned, says minister
India is confident of meeting its oil needs from alternative sources if Russian supplies are hit by secondary sanctions, said Hardeep Singh Puri, Minister for Petroleum and Natural Gas of India, on Thursday. Earlier this week, US President Donald Trump warned that countries purchasing Russian exports could face sanctions if Moscow fails to reach a peace agreement with Ukraine within 50 days. Separately, Nato Secretary General Mark Rutte warned on Wednesday that some countries, including India, could be hit very hard by the sanctions if they continued to do business with Russia. India should be able to deal with any problems with Russian imports by seeking supplies from other countries, Puri said. He noted there are many new suppliers coming onto the market such as Guyana and supply from existing producers such as Brazil and Canada. Additionally, India is increasing exploration and production activities. "I'm not worried at all. If something happens, we'll deal with it," Puri said at an industry event in New Delhi. "India has diversified the sources of supply and we have gone, I think, from about 27 countries that we used to buy from to about 40 countries now," he said. Responding to Rutte's comments, India's foreign ministry spokesperson said that securing energy needs was an "overriding priority" for the country, in which it was guided by what was on offer in markets and the "prevailing global circumstances". "We would particularly caution against any double standards on the matter," spokesperson Randhir Jaiswal told a regular media briefing. India's oil imports from Russia rose marginally in the first half of this year, with private refiners Reliance Industries Ltd and Nayara Energy making about half of the overall purchases from Moscow. Russia continued to be the top supplier to India, accounting for about 35% of India's overall supplies, followed by Iraq, Saudi Arabia, and United Arab Emirates, the data showed. In case Russian supplies are hit, Indian Oil Corp will "go back to the same template (of supplies) as was used pre-Ukraine crisis when Russian supplies to India were below 2%," company chairman A S Sahney told reporters at the event.