Wednesday 19 September 2012

Hong Kong – the hub in China for biotech and cleantech

At least, this was the argument put forward by a delegation from the Hong Kong Science Park (HKSP), and Hong Kong Government, at a seminar in Magdalene College, Cambridge on 18 September. Briefing an audience of cleantech and life science businesses and advisors, the delegation presented the undoubtedly impressive research facilities at HKSP, and were shown the plans of the new Phase 3 development – which aims to be a carbon neutral research facility, pushing the park’s credibility in clean technologies. With a favourable tax system (15% is the highest band), UK legal system, supportive government (in terms of soft money), investor infrastructure, excellent transport communications, and direct channel into China, the delegation made a strong case for Hong Kong as the first port of call for businesses wishing to establish a presence in the region.

As a member of the audience, I have little doubt that start-up tech companies would be made to feel very welcome in Hong Kong, and would get all the support that a young business could want for. However, without peers of success, the transition from start-up to SME and beyond is largely unchartered. So, for those tempted, you’ll not only need your entrepreneurial spirit, but your pioneering boots.

Adam Michael

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