In a strategic co-incubation initiative, Hong Kong Science and Technology Parks Corporation (HKSTP) has teamed with a global semiconductor leader to realize the innovation potential of up-and-coming start-ups looking to tap into the Greater Bay Area’s vast microelectronics potential (GBA). The three-year initiative aims to support high-potential start-ups in the fast-growing microelectronics industry, which is now being fueled by increased demand for mobility, edge computing, and smart city projects.
In 2014, the firm became a subsidiary of HKSTP and is based in the Hong Kong Science Park. The firm is a perfect partner in developing start-ups and cooperating with them to convert unique ideas into commercial products and solutions as a worldwide leader in energy efficiency, mobility, security, IoT, and big data technologies. This is the latest in HKSTP’s series of co-incubation programs involving industry, government, academia, and technology experts to help start-ups make use of the full possibilities of this strong innovation network.
For many early-stage firms, the most difficult part is translating their ideas into a marketable product and creating use cases to promote market acceptance. Testing, pilot trials, and market research take a lot of time, effort, infrastructure, and crucial collaborations. With the launch of the co-incubation program, the company will share its expertise by holding a series of theme-specific training sessions on power and sensor systems; cooperating with the right startup partners on various trial projects and driving new business opportunities; and leveraging their cutting-edge technologies to create more value for the Hong Kong start-up community.
According to HKSTP’s CEO, the Park is collaborating with world-class innovators such as Infineon to give important assistance and chances to high-potential start-ups at the key stage of their innovation journey. Students and innovators from all over the globe are encouraged to participate in the Park’s developing eco-system, which provides world-class knowledge, infrastructure, and capabilities to accelerate microelectronics commercialization and acceptance. He noted that partnerships like these will help Hong Kong and the GBA become a worldwide center for sophisticated electronics innovation, production, and market potential.
Meanwhile, the company’s Senior Vice President and Greater China Head of Power & Sensor Systems, as well as the company’s Managing Director, stated that as one of the top 10 semiconductor companies in the world, the company plays a critical role in making life easier, safer, and greener – through microelectronics that connect the real and digital worlds. He explained that their co-incubation partnership with HKSTP allows them to work with leading start-ups on the cutting edge of innovation to help them grow and succeed, while also adding tremendous value to their mission of leveraging the power of microelectronics to shape tomorrow’s business and world.
Over the last few years, the company has worked closely with the HKSTP on a number of projects, including the development of the HKSTP Data Analytics Platform and the use of Infineon radar sensors in smart people flow management systems, smart building access & lighting management systems, and smart parking systems, all of which contribute to the advancement of smart city environments.
Start-ups enrolled in the new co-incubation program will have access to HKSTP’s dedicated testing and market validation facilities, which will help them expedite their path to success. The HKSTP Sensor Lab is a specialized hardware center that supports the whole research and development cycle for microsensors and related devices, including sensor design, fabrication, pilot runs, packaging, and testing. HKSTP’s STP Platform, on the other hand, assists start-ups and corporate partners in co-creating, realizing, and visualizing technology’s full potential. Start-ups may test, pilot, and verify their solution in simulated and real-life user scenarios thanks to extensive data cooperation and virtual lab capabilities.