Latest news with #FutureTech
Business Wire
4 days ago
- Business
- Business Wire
Future Tech Launches $1,000 Child Investment Benefit for Employees, Enhancing Long-Term Family Support
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Future Tech Enterprise, Inc., a family-owned global IT solutions provider offering a diverse array of technology services and solutions to the corporate and government sectors, today announces that it will invest $1,000 for children born to its U.S. employees to match the $1,000 federal seed investment established under the new Invest America Act. This investment in the children of our employees, underscores Future Tech's long-standing commitment to supporting not only innovation but also the families and communities that make that innovation possible. Signed into law on July 4, 2025, the Invest America Act provides every U.S.-born child with a $1,000 investment account, aimed at fostering long-term savings, reducing intergenerational poverty, and closing the wealth gap. This bipartisan legislation recognizes that giving children a financial head start is an investment in America's future. 'As someone who has dedicated time and resources to ensuring children have the tools they need to thrive—whether that means providing laptops to young leaders in our schools or mentoring future entrepreneurs—this legislation resonates deeply,' said Bob Venero, CEO of Future Tech. 'It aligns with our belief that opportunity should not be a matter of luck, but a shared investment in our collective future.' In alignment with the Act, Future Tech will provide an additional $1,000 investment for each child born to full-time U.S.-based employees, effectively doubling the starting investment for those families. 'This investment will create a powerful multiplier effect,' added Venero. 'By pairing federal investment with private sector support, we can accelerate generational wealth-building and opportunity. As a family-owned company, we see our employees as extended family and we want their children to have the same shot at success that we work to build for our clients every day. I was inspired by Michael Dell, CEO of Dell Technologies, recent decision to offer a similar benefit at Dell Technologies.' A Commitment to People, Innovation, and the Future Future Tech's action reflects its broader philosophy: that technology leadership and social responsibility go hand-in-hand. Investing in families today builds a more resilient, skilled, and inclusive workforce tomorrow. 'If we want the United States to remain a global leader in technology and innovation, it starts by investing in the next generation,' said Venero. 'By giving every child — regardless of background — a head start, we're helping ensure a brighter, more equitable future for all.' This initiative joins a range of employee- and community-focused programs Future Tech has led over the years, including technology donations to schools, mentoring programs, and educational partnerships. For more information about Future Tech and its commitment to its employees and the community, visit About Future Tech Enterprise, Inc. Future Tech Enterprise, Inc is a global IT solutions provider, offering a diverse array of technology services to both corporate and government sectors. As a trusted IT partner to Fortune 500 companies, many of which support federal government agencies, Future Tech helps organizations optimize their IT environments and transition to next-generation technologies that drive productivity and innovation. With deep expertise across aerospace, defense, education, energy, financial, healthcare, and manufacturing sectors, Future Tech understands how to navigate the complexities of enterprise-scale environments and the unique demands of multi-stakeholder organizations. For more information, please visit
Zawya
29-07-2025
- Business
- Zawya
Cyberport Leads Nine Start-ups to Join WAIC 2025
Project from the Artificial Intelligence Subsidy Scheme Shortlisted for Top 30 of the SAIL Award HONG KONG SAR - Media OutReach Newswire - 29 July 2025 - World Artificial Intelligence Conference 2025 and High-level Conference on Global Governance of Artificial Intelligence" (WAIC 2025) held in Shanghai has successfully concluded. This year, Cyberport led nine community members to participate in the event, among which three start-ups: Canpanion, Votee AI and YouToo Robot, were recognised for their exceptional innovation and successfully selected as the "WAIC 2025 Future Tech". Additionally, one of the approved projects under the Artificial Intelligence Subsidy Scheme (AISS), which is led by the Hong Kong Polytechnic University (PolyU), along with projects from three leading AI enterprises at Cyberport, including iFlytek, and Baidu Apollo, were shortlisted for the Top 30 of the "Super AI Leader Award" (SAIL Award). Notably, the joint innovative project by Biren Technology won the SAIL Award this year. These achievements highlight Hong Kong's competitiveness in the field of AI and its contributions to promoting high-quality development both locally and nationally. WAIC 2025 centred around the theme of "Global Solidarity in the AI Era". The conference brought together global experts, scholars, entrepreneurs, government officials, international organisations, and investors, creating a platform for collaboration and showcasing cutting-edge AI solutions. This year, Cyberport again led start-ups to participate in the "Hong Kong Pavilion" established by the Hong Kong Trade Development Council (HKTDC), showcasing Hong Kong's AI innovations to global audiences. The exhibits include a wide range of innovative applications, such as AI education platforms, fall risk management systems, smart training systems, smart city applications, and AI content generation platforms, fully demonstrating Hong Kong's strength in the Innovation and Technology (I&T) sector. (For details of the participating start-ups, please refer to the appendix.) At the opening ceremony, Premier Li Qiang of the State Council presented three suggestions for advancing AI development and global governance: promoting the dissemination and application of outcomes; strengthening cooperation in innovation and open-source initiatives; and building a secure and trustworthy global governance framework. As Hong Kong's AI accelerator, Cyberport is advancing several key initiatives in related fields. Through the AISS, Cyberport promotes the transformation of local research and development (R&D) and application projects, fostering the realisation of AI outcomes. In promoting open-source cooperation, the "Cyberport Open Source Community" was established in June this year to provide computing power through Cyberport's Artificial Intelligence Supercomputing Centre (AISC), supporting open-source technology testing and application. Furthermore, in building a governance system, Cyberport has partnered with various sectors, including the international organisation World Digital Technology Academy (WDTA), to establish the "WDTA Asia-Pacific Institute" at Cyberport, promoting regional governance standards and global cooperation, thereby contributing to the creating of a safe, trustworthy, and responsible AI ecosystem and demonstrating Hong Kong's proactive role in global AI development. Rocky Cheng, CEO of Cyberport, stated "AI is rapidly becoming a key driver of new quality productive forces. As Hong Kong's digital technology hub and AI accelerator, Cyberport is proud to lead nine outstanding community members to this year's WAIC, three of whom have been selected for the 'WAIC 2025 Future Tech'. Additionally, one of the use cases from the 'Artificial Intelligence Subsidy Scheme' has been shortlisted for the Top 30 of the prestigious SAIL Award, showcasing innovative application solutions to the world and highlighting Hong Kong's technological capabilities. Cyberport and our community members will continue to leverage our strengths in line with the development strategies of the HKSAR Government and the nation, focusing on research and development and transformative real-world applications in areas such as AI, green technology and Fintech. We will keep welcoming key enterprises from various tech sectors and promoting digital transformation for both society and businesses, contributing innovative power and economic value to the technological innovation and high-quality development of Hong Kong and beyond." To foster innovation, this year's "Future Tech Innovation Incubation Exhibition Special Zone" featured some of the world's most promising AI start-ups, including three Cyberport start-ups: Canpanion, which develops AI-driven education and psychology ecosystems; Votee AI, focusing on AIGC technology for governments and enterprises; and YouToo Robot, specialising in industrial AI operation and maintenance. They were selected as "WAIC 2025 Future Tech" in recognition of their forward-looking solutions, growth potential, and commercial value; notably, Votee AI and YouToo Robot have been recognised as "Future Tech" for the second consecutive year. Moreover, other start-ups including FireAlert, LAiPIC, Laiye, Lidarvision, RealAI, and HK Simfinity showcased their AI applications at the event, allowing attendees from around the world to experience Hong Kong's I&T scene. Additionally, one of the approved projects under the AISS, titled "Enhancing Edge-based Foundation Models for Advanced Reasoning", developed by PolyU, along with projects from strategic enterprises at Cyberport, including iFLYTEK's "AI Learning Tablet: A Personalised Learning Device Empowered by Spark Large Model", and Apollo Go 's "Autonomous Ride-hailing Platform", were shortlisted for the Top 30 of the SAIL Award. Biren Technology 's joint project on the "Distributed OCS All-Optical Interconnection Chips and Super-node Application Innovation Solution" won the SAIL Award, the highest honour at WAIC. This award aims to identify globally recognised AI projects that significantly enhance human well-being, thereby encouraging technological breakthroughs, application innovations and governance explorations. During the conference, Cyberport also co-organised a forum entitled "The Bay Area Hub in the Age of AI: Hong Kong's New Vision for the Smart Economy" with the HKTDC and the Hong Kong Science and Technology Parks (HKSTP) to explore Hong Kong's strategic positioning in the development of the smart economy. The forum features speakers from leading technology enterprise including Chairman of Suanova Technology Douglas Fang, Prof Guo Yike, Provost of the Hong Kong University of Science and Technology (HKUST) and Director of HKGAI, and Prof Yang Hongxia, Executive Director of the PolyU Academy for Artificial Intelligence, Associate Dean (Global Engagement) of Faculty of Computer and Mathematical Sciences, who shared insights on the application and future development of AI technology. Additionally, a panel discussion, moderated by Dr Crystal Fok, Director of AI Applications at Cyberport, included Hendrick Sin, Chairperson of the Committee of the AISS, Alvin Li, Head of Supervisory Technology at the Hong Kong Monetary Authority (HKMA), Liu Hui, General Manager of Hong Kong Inspur Cloud Company, and Guanchun Wang, Chairman of Laiye Technology to discuss how Hong Kong can leverage its international advantages to foster cross-regional cooperation, exploring aspects such as government funding, financial regulation, enterprise settlement, and the international expansion of start-ups. With the AISC, the largest in Hong Kong, commencing operation in December last year, Cyberport actively promotes the local R&D and applications, with the AISC and AI Lab as the core engines to achieve more scientific research breakthroughs. This year, its computing power will gradually increase to 3,000 PFLOPS to meet the industry's growing demand for R&D. Cyberport also collaborates with over 400 AI and data science start-ups and works with local colleges, R&D institutions and enterprises to fully utilise the computing resources of the AISC to promote AI technology and R&D, empowering digital and intelligent transformation of industries, promoting the digital economy and AI development, and supporting Hong Kong in realising its vision of becoming an international AI and I&T hub. Appendix I - Cyberport start-ups participating in the World Artificial Intelligence Conference (WAIC) 2025 (in alphabetical order): Company Name Description Canpanion Group Limited Canpanion is crafting the best internationally recognised psychological and educational AI expert for Asian, built on high-quality international standards and integrated with local data and best practices, empowering game changers of tomorrow. It has built an AI education ecosystem and developed an AI-powered assessment and training system, a data analysis platform, AI campus assistants, AI professional teachers and intelligent robots. It has established partnerships with more than 100 organisations and stakeholders from various sectors, including the Hong Kong Digital Policy Office, the Hong Kong University of Education, Zhejiang University, Nantong Psychology Association, Cyberport and City University of Hong Kong. FireAlert FireAlert is a leading AI solutions provider in Hong Kong, specialising in Retrieval-augmented generation (RAG), Inference AI and Agentic AI technologies. FireAlert provides secure, reliable and locally deployed solutions that combine a dynamic knowledge base with multimodal interaction capabilities to empower organisations to achieve data-driven decision making. L A i PIC AI Te chnology Co mpany Li mited is a Chinese AIGC enterprise awarded the national-level "Little Giant" title for specialization, refinement, distinctive features and innovation. Since its establishment on July 30, 2015, it has launched products such as AI animation generation (Doratoon), AI interactive agent (Vinabot), and AI multilingual barrier-free simultaneous interpretation (InnAIO). It has served over 30 million users worldwide, covering more than 180 countries and regions, with branches in Hong Kong, Tokyo, Singapore, Dubai, Los Angeles, Paris and other locations, and has always been committed to realizing the next-generation interaction methods for global users through AI. Laiye Technology HK Limited With the vision of Building AI Agents for Everyone, Laiye Technology is a leading enterprise in the field of global intelligent automation, and a National-Level Specialised and Innovative "Little Giant" Enterprise. Their solutions cover the core scenarios of finance, human resources, customer service, marketing, sales, production and supply chain from simple tasks to complex processes, and through end-to-end intelligent automation, the company are able to reconstruct the human-machine collaboration model, achieve cost reduction and increase efficiency, and unleash the potential of organisational innovation. The company serves more than 3,000 clients, including 300 Fortune 500 companies. Lidarvision Limited Founded in 2021, Lidarvision is focused on providing standardised, fall detection AI systems based on 3D LiDAR technology while maintaining strict user privacy and security. The company's vision is to be able to quickly detect falls in indoor environments and notify caregivers at the earliest opportunity. Leveraging its extensive experience in AI and 3D LiDAR technologies, Lidarvision is committed to improving the quality, performance and execution of its software with the goal of outperforming its competitors on all fronts. Re al AI Technology HK Limited RealAI was established in July 2018 with the support of Tsinghua University's Institute for AI Industry Research. It focuses on AI safety and large model applications, building trustworthy, reliable and expandable third-generation AI. It strives to achieve commercialization in the fields of government, finance, education, and security by building large model safety and AI forgery content detection platforms, empowering the new quality of productive forces. HK Simfinity Holdings Limited HK Simfinity specialises in AI+XR+IoT intelligent training solutions. Its SimCloud platform seamlessly integrates large-scale AI models, virtual reality and IoT technologies to provide immersive training systems for high-growth industries such as healthcare and aviation. The company has collaborated with the Faculty of Medicine of the Chinese University of Hong Kong, Sinopec, Red Cross, and Cathay Pacific. It is also an ecosystem partner for the deployment and testing of the Amazon Cloud Deepseek project, and maintains a strategic partnership with Qualcomm. Votee AI Limited Based in Hong Kong, Votee AI is an innovative company focusing on AIGC technology for government and enterprise, dedicated to providing cutting-edge AI solutions to solve real business challenges, enhance operational efficiency, and create greater value. Leveraging deep local market presence and insights gained over years, we possess a profound understanding of the unique needs of Hong Kong's government, enterprises, and users. Through our proprietary Cantonese Large Language Model (LLM), multi-dialect support capabilities, and secure on-premises AI Agent platform, we deliver AI solutions that are precisely tailored to meet local market demands. YouToo Robot (HK) Limited YouToo Robot is an innovative enterprise focusing on industrial AI, with a core team from The Chinese University of Hong Kong with rich experience in industrial automation and entrepreneurship. The company uses its self-developed industrial vertical AI model to enter the manufacturing industry's digitalization scene, and builds NexFactory, a sustainable learning intelligent operation and maintenance product, which solves the problems of equipment troubleshooting and knowledge transfer. NexFactory has been recognised as one of the "Top 100 Industrial APPs" by the Ministry of Industry and Information Technology of the People's Republic of China (MIIT), selected for the Hong Kong Cyberport Incubation Program, and invested by TusStar and SF Capital. Hashtag: #Cyberport The issuer is solely responsible for the content of this announcement. About Hong Kong Cyberport Wholly owned by the Hong Kong Special Administrative Region (HKSAR) Government, Cyberport is Hong Kong's digital tech hub and AI accelerator, with a vision to empower industry digitalisation and intelligent transformation, to promote digital economy and AI development, and to foster Hong Kong to be an international AI, innovation and technology (I&T) hub. Cyberport gathers over 2,200 companies, including 5 listed companies and 7 unicorns. One-third of onsite companies' founders come from 26 countries and regions, while Cyberport companies have expanded to over 35 global markets. Cyberport, with Hong Kong's largest AI Supercomputing Centre and AI Lab as the engine, has been building the AI ecosystem with industry-leading AI companies and over 350 AI and data science start-ups. Through development of tech clusters, namely AI, data science, blockchain and cybersecurity, Cyberport empowers industries across smart city and government, banking and finance, digital entertainment, culture and tourism, healthcare, education and training, property management, construction, transportation and logistics, green environment and more, while hosting Hong Kong's largest FinTech community. Commissioned by the HKSAR Government, Cyberport has implemented proof-of-concept and sandbox schemes, subsidisation for digital tech adoption, industry tech training and start-up incubation, to drive technology R&D, translation and commercialisation, thus propelling digital transformation and intelligent upgrade across industry and society. Also as Hong Kong's key incubator, Cyberport supports entrepreneurs with funding and office space, extensive networks of enterprises, investors, technology corporations and professional services for business growth and expansion to Mainland China and overseas markets, all-round facilitation for landing in Hong Kong, talent attraction and cultivation, ready as a launchpad to take start-ups in any stages of development to the next level. For more information, please visit Cyberport
Broadcast Pro
26-06-2025
- Business
- Broadcast Pro
IBC2025 launches Future Tech hub for innovation and talent
Breakthroughs in AI, virtual production, immersive media and sustainability will shape IBC2025, with Future Tech as the focal point. IBC has announced the debut of Future Tech—a major new innovation hub dedicated to showcasing emerging technologies, collaborative projects and next-generation talent. Occupying the entirety of Hall 14 at the RAI Amsterdam, the new zone will be a central feature of IBC2025, taking place from 12 to 15 September. Michael Crimp, IBC's CEO, said: 'Shaping the future of media and entertainment (M&E) worldwide is more than our theme – it's our mission. IBC2025 is where the brightest minds from the international M&E community explore the ideas and technologies reshaping our industry. Future Tech brings that innovation into focus – from AI-powered personalisation and cloud-native workflows to content provenance and private 5G networks, visitors can see the future being defined and built in real time.' Bringing together participants from over 170 countries, IBC2025 will focus on transformative technologies with real-world applications, drawing attention to cutting-edge developments in AI, virtual production, immersive media, sustainable solutions, and interactive experiences. These themes will be front and centre in the Future Tech zone, where AI will be explored through tools for live production automation, generative content, and novel applications just entering the market. Visitors will also delve into the world of virtual production, including LED backdrops, augmented reality, and real-time visual effects. Among the key exhibitors in Hall 14 are Microsoft, Mo-Sys, 3Play, CaptionHub, Deepdub, Monks, Tata Communications, Veritone and the Ultra HD Forum. Future Tech will feature several dedicated components, including the Accelerator Innovation Zone, which presents nine Proof of Concept projects addressing real industry challenges through partnerships between media organisations and technology vendors. On the Future Tech Stage, supported by Microsoft, keynote speakers and live demos will highlight technologies set to transform content creation and distribution. Other highlights include IBC Hackfest x Google Cloud, a fast-paced hackathon where developers, engineers, and creatives use Gemini AI to solve media and entertainment challenges; and the Google AI Penalty Challenge, an immersive experience combining over 15 integrated technologies to demonstrate AI's role in sports performance. Additionally, the 100 Years of Television exhibit will honour the century since John Logie Baird's first television demonstration, while looking ahead to the future of broadcasting. Networking will also play a major role, with curated meetups, informal lunches, and social events in a dedicated hub aimed at connecting professionals from across the media and tech landscape. Future Tech will also house the IBC Talent Programme, backed by partners including Rise, Rise Academy, HBS, Gals N Gear, and the Media Entertainment Talent Manifesto. Scheduled for 12 September, the programme offers a full day of talks, mentoring, and sessions focused on career development, diversity, and inclusion. Innovation, however, will not be confined to Hall 14. IBC2025 will showcase new advances across the exhibition floor, including production, streaming, transmission, lighting, cameras and cloud services. Two Content Everywhere stages and the Showcase Theatre will host exhibitor-led presentations and panels throughout the event. Over 1,100 exhibitors have already booked space, exceeding 44,000 sqm. Returning industry leaders include Adobe, Amazon Web Services, Avid, Blackmagic, Canon, EVS, Grass Valley, Panasonic, Riedel, Ross Video, Samsung, Sony and Zattoo. Newcomers include Baron Weather, Cachefly, Momento, NewBlue, OTT Solutions, Plain X, Raysync and Remotly.
The Star
24-06-2025
- Business
- The Star
PETRONAS adds 20 global startups to FutureTech
The selected startups represent seven countries. KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS), in collaboration with its corporate partners, has selected 20 high potential startups for the fourth edition of its FutureTech accelerator programme. The selected startups representing seven countries, including Malaysia, Singapore, Thailand, Hong Kong, Japan, Australia and the United States, are advancing innovative solutions aligned with the programme's three key themes: Future of Industry and Work, Future of Energy and Future of Chemicals and Materials. PETRONAS senior vice-president of Corporate Strategy, Marina Md Taib said: 'Each edition of FutureTech by PETRONAS unlocks new synergies between corporates and startups not only for the energy industry but also for industries committed to driving progress for society responsibly, and sustainably. 'The diversity and technology offerings from this year's cohort demonstrate the strength of innovation emerging across the region. We look forward to this journey of collaboration between corporates, ecosystem partners and startups to meaningfully nurture a thriving innovation landscape,' she added. The startups were selected following a Pitch Day, where each team presented to a multi-disciplinary jury panel. Selection was made based on commercial readiness and strategic fit. FutureTech 4.0 is run in collaboration with S P Setia Bhd, Xplor Ventures the Corporate Venture Capital arm of PTTEP, Bosch Business Innovations and Living Lab Ventures Indonesia. — Bernama
Yahoo
24-06-2025
- Automotive
- Yahoo
EIB grants €30m to OLEDWorks for automotive lighting
The European Investment Bank (EIB) has provided €30m ($34.8m) in financing to OLEDWorks to bolster its innovative automotive lighting solutions. This investment will support the company's growth and product development within the European Union, particularly for automotive clients. OLEDWorks, known for its advanced organic light-emitting diodes (OLEDs) technology, will use the funding primarily at its Aachen site in Germany. OLEDWorks is at the forefront of designing and developing OLED-based lighting solutions that offer high brightness, energy efficiency, and durability. The company has notably created a pioneering application for OLED panels in the automotive industry, marking a significant first-of-its-kind use case at scale. With the EIB's support, OLEDWorks is set to reinforce its leadership in multi-stack OLED technology and broaden its automotive customer base. The investment will also help OLEDWorks to tap into the emerging trend of OLED use in vehicles, which is anticipated to accelerate in the near future. Additionally, the financing will contribute to maintaining manufacturing and innovation within Europe, countering the recent trend of the lighting industry's relocation to Asia. The EIB's financing is poised to facilitate OLEDWorks' expansion plans, including the creation of approximately 45 new jobs over the next three to four years. The funding is part of the InvestEU-supported Future Tech programme loan, aimed at bridging funding gaps and providing necessary risk capital to EU venture-backed companies. EIB vice president Nicola Beer said: 'OLEDWorks provides the type of cutting-edge technology that will secure a bright future for Europe and its people. The financing provided by the EIB reflects our commitment to supporting innovative companies in strategic sectors. OLEDWorks' lighting solutions align with our objective of fostering technological advancements on the continent—progress we need if we want Europe to be competitive and green.' OLEDWorks CEO David DeJoy added: 'The financing provided by the EIB will allow for expedited technology development and will enable advancements of OLED lighting technology with higher segmentation and display-like capabilities, higher brightness for automotive stop and turn applications, and bendable OLED panels.' "EIB grants €30m to OLEDWorks for automotive lighting" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
