Innovation & Entrepreneurship @ CUHK Fanny M. Cheung Pro-Vice-Chancellor (Research) CIV2017HK Coller Institute of Ventures Annual Conference April 24, 2017

Hong Kong’s Startup Ecosystem *According to InvestHK’s latest survey CUHK’s Entrepreneurial Activities in these areas Information, Computer & Technology E-commerce/ Supply Chain Management/ Logistics Technology Professional or Consultancy Services Design Financial Technology (FinTech) Hardware (IoT, 3-D Printing, Prototypes, Wearables) Education & Learning Health & Medical Social Innovation/ Venture Data Analytics Sustainable Technology/ Green Technology Smart City Gaming Biotechnology Retail Technology Robotics Others/ Don’t Know The bolder the circle, the more activities there.

Why Innovation & Entrepreneurship at CUHK? Prepare Students for the New Economic Landscape Demonstrate Research Impact Enabler for Knowledge Transfer Fulfilling UGC’s Request on entrepreneurship Enhance CUHK’s Pubic Image Direct Contribution to HK Economy

CUHK Infrastructure & Support

Knowledge Transfer Services Integration between Research and Knowledge Transfer 2014 Research Administration Office Knowledge Transfer Office Office of Research & Knowledge Transfer Services (ORKTS) Administrators  Professionals

Core Entrepreneurship Infrastructure in CUHK Centre for Innovation & Technology Promote entrepreneurship in Engineering Faculty Industry connections (tech) Exhibitions Student Competitions Office of Research & Knowledge Transfer Services Research Admin IP Policy & Admin Funding admin: KT/ITC, TSSSU, S-KPF, KPF Pi Center Fund admin. ORKTS CINTEC CfE Pi Centre Pre-incubation Centre Physical space for selected student teams Mentorship Business Development Organizing workshop and seminars Centre for Entrepreneurship Hong Kong Social Enterprise Challenge (HKSEC) Entrepreneurship research Industry connection Consulting services SZRI & SIAT CUHK Foundation SZRI: Founded in 2012 Total accumulated grant award CNY 256 million Total number of projects undertaken 353 SIAT: Partnership with Chinese Academy of Sciences Total projects jointly undertaken 65 Amount awarded CNY 220 million Joint patent applications 333 Shenzhen Research Institute Shenzhen Institute of Advanced Technology CUHK Foundation

CUHK-enabled Startups Building the CUHK Entrepreneurial Culture & Environment Technology Startups CUHK-enabled Startups Culture & Environment Enabling Factors Social Enterprises Programs Expertise & Organizational Structure Funding University Policies Entrepreneurial Mindset & Capacity We need the enabling factors. Entrepreneurship training  tech startup and social enterprises Education

Bio-tech Strength Applied research strength in translational biomedicine, robotics & information technology Bio-tech. infrastructure (HK Institute of Biotechnology HKIB) already in place

HKIB Corporate Structure Incubator Biologics manufacturing center Plasma manufacturing facility Chinese medicine technology Center Pharmaceutical Technology Center Incubator Biologics manufacturing center

HKIB Biological Manufacturing Center Pilot Production Plant

CUHK Pi Centre Pre-Incubation Centre For Student Teams Pi Centre serves a different function - to encourage students to experiment with their ideas by forming interdisciplinary teams. This can provide training ground for students especially with the new minor programs. Pre-Incubation Centre For Student Teams

CUHK’s Entrepreneurship Funding Over HK$ 42 million in 166 KT projects since 2009 CUHK the first university in HK to receive funding from the Social Innovation and Entrepreneurship Development Fund (“SIE Fund”) on 4 KPF projects (HK$1.6m in 2017) TSSSU = Technology Support Scheme for Startups in Universities

CUHK’s Entrepreneurship Funding TSSSU Startups Sustainable-KPF (Social Enterprises) Technology Start-up Support Scheme for Universities Funded by the Innovation and Technology Commission (ITC) since 2014 Funding: Up to HK$ 500k per year for up to 3 years Encourage professors and students to launch their own technology startups to commercialize their R&D results Mentoring by qualified business manager with extensive industrial and financial network Sustainable Knowledge Transfer Project Fund Supports CUHK professors to convert previous KPF projects into sustainable social enterprises. Funding: 1st year up to HK$ 400k; 2nd year up to HK$ 200k Mentoring by qualified social business consultants with extensive industrial and financial network Continuous training, seminar, workshops provided by CUHK’s Pi-Center TSSSU = Technology Support Scheme for Startups in Universities

CUHK’s Entrepreneurship Results Knowledge Transfer Performance (2015-2016) 83 $39m $85m $140m $25m patent granted IP right income Collaborative Res Consultancy Contract Res applications patents income income income Others – 2.4% Life Science – 80.7% Engineering / Computer Science (16.9%) TSSSU = Technology Support Scheme for Startups in Universities

CUHK’s Entrepreneurship Results Pi Center (student innovation projects) 7 153 53 25 rounds since total total Pi-teams active early 2014 applications admitted teams Pi Center becomes a meeting place for CUHK and outside entrepreneurs.

Successful Pi Teams R-Guardian DecaSense MedVision Anti-loss device using IoT technologies Now at the Science Park and received ¥ 1.8 m funding New TSSSU Team (2017/18) DecaSense Professional sports analysis tool and low-cost wearables Now a TSSSU Team Received ¥ 7.5m Investment MedVision Innovative disease diagnoses techniques Admitted to Lenovo Accelerator Program Decasense moved their operation to Guangzhou and got more subsidy from the local government

CUHK’s Entrepreneurship Results TSSSU Startups Sustainable-KPF (Social Enterprises) 14 23 applications applications (1st round) (latest round) 17 6 active teams startups companies at launch stage 2 5 calls for proposal applications ( since Jan 2016) (latest round) 4 active teams TSSSU = Technology Support Scheme for Startups in Universities 5 companies have been awarded term sheets with total amount close to HK$30m 2 teams have received external funding with total amount close to HK$6M

Successful TSSSU Teams Codex Genetics Products currently used by 2 medical laboratories in HK Health View Bioanalytic Admitted to HKSTP’s incubation program BrainNow Medical Technology Admitted to Lenovo Accelerator Program VisionNav Robotics Received ¥ 12m investment Technology Support Scheme for Startups in Universities VisionNav got into the incubation programme in FoShan and got more funding (real money and in-kind)

Successful S-KPF Teams (Social Enterprises) Company SLCO Community Resources Ltd Leader Prof Gladys Tang, Dept. of Linguistics and Modern Languages Mission Evidence-based sign bilingual education services for deaf children and their families professional support and consultancy services for schools Strength developed by the Centre for Sign Linguistics and Deaf Studies (CSLDS) Posed to receive $1M from SIE Fund and matching from other investors in May 2017 Company Pro-talent Association Ltd Leader Prof Agnes Chan, Dept. of Psychology Mission music training programs based upon brain science for improving emotion and behavior of autistic children aims to develop musical talent in autistic individuals with self-sustainable chamber orchestra Strength Li Ka Shing Foundation pledged to donate $5M for the next 5 years To complement the TSSSU initiative from ITC for technology transfer start-ups, ORKTS has initiated the S-KPF to support the set up of promising social enterprises. We provided business mentors to the teams.

Cultivating Students’ Innovation & Entrepreneurship

Student Competitions Challenge Cup 「挑戰杯」 University Students Extracurricular Technology Competition A bi-annual national “Olympics” competition for university students in China ★ CUHK received the highest number of awards among HK tertiary institutions since 1997 ★ 2015 Competed with other mainland university finalists Won the Winners’ Cup「全國優勝杯」, 2nd top prize, beating >300 universities and >780 projects from China

Student Competitions B4B (Big Data for Business) Challenge First “Big Data” public competition in HK: ★ To promote Big Data business application in HK ★ Organised by Innobator – an incubation centre in Shanghai founded by people from HK in 2015 ★ Assessment Criteria: Innovation & Creativity Functionality & Quality Benefits & Marketing Potential Professionalism & Presentation ★ CUHK has won Champion in Student Stream in the very 1st B4B challenge (2016-2017): Ms. ZHANG Yiying; Management Info. Sys. (PhD), BAF; Ms. LIU Jialu, Global Economics and Finance, BAF; Ms. CHENG Ningning, Integrated BBA, BAF

in Entrepreneurship and Innovation (EPIN) New Minor Programme in Entrepreneurship and Innovation (EPIN) Features Minimum of 18 units Open to all undergraduate students Interdisciplinary approach Key: Learn by Practice 3 Major Components in the EPIN Curriculum Mindset and Values Curriculum Design (mimics the process of creating a new venture) Ideation stage Realization stage Commercialization stage Practices Knowledge and Skills

Exploring Industry Partnership

OPPORTUNITIES HK Science & Technology Park

Collaboration in Pearl River Delta OPPORTUNITIES Collaboration in Pearl River Delta Tianhe, Guangzhou FoShan HK: 蓮塘/香園圍口岸; 落馬洲河套地區 Guangdong: 佛山; 廣州天河 CUHK

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