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

2. 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.

3. 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

4. CUHK Infrastructure & Support

5. 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

6. 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

7. 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

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

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

10. HKIB
Biological Manufacturing Center
Pilot Production Plant

11. 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

12. 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

13. 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

14. CUHK’s Entrepreneurship Results
Knowledge Transfer
Performance ( )
$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

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

16. 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

17. CUHK’s Entrepreneurship Results
TSSSU Startups
Sustainable-KPF
(Social Enterprises)
applications applications
(1st round) (latest round)
active teams startups companies at launch stage
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

18. 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)

19. 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.

20. Cultivating Students’ Innovation &
Entrepreneurship

21. 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

22. 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 ( ):
Ms. ZHANG Yiying; Management Info. Sys. (PhD), BAF;
Ms. LIU Jialu, Global Economics and Finance, BAF;
Ms. CHENG Ningning, Integrated BBA, BAF

23. 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

24. Exploring Industry Partnership

25. OPPORTUNITIES HK Science & Technology Park

26. 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

27. Thank You