- Mainland business increased three to four times over last year, and the company was selected for the HSITP Incubation Programme, receiving funding up to $3 million.
- CEO Fan Yi-chen leads a Mainland AI-driven chemical experimentation firm that has expanded to HSITP for internationalisation and top-tier research capabilities.
- Fan noted: “Clients have their own requirements for data compliance and patents…” and that Hong Kong universities can upgrade their algorithms.
AI-driven chemical experimentation startup, led by CEO Fan Yi-chen, has seen its Mainland business grow by three to four times over the past year, prompting plans for global expansion. The company attributes its success to the HSITP Incubation Programme, which provides up to $3 million in funding and tailored support.1234
The HSITP initiative, which received over 750 applications and selected 108 startups, aims to transform R&D results into commercially viable products. According to HSITP CEO Vincent Ma, the programme is designed to support startups at various stages, including ideation, prototyping, and commercialization.
Mr. Fan noted, “Clients have their own requirements for data compliance and patents. We believe setting up an office here helps us to expand overseas. Moreover, Hong Kong’s major universities are among the top-tier institutions in China, possessing world-class research capabilities that can help us upgrade our algorithms.”
The company has also partnered with a leading incubation platform to facilitate its global ambitions, leveraging connections with investors and clients across the Middle East, Europe, the US, and Japan. This strategic move aligns with the HSITP's goal of fostering innovation and supporting startups in their growth journey.
As the startup ecosystem in Hong Kong continues to thrive, the HSITP Incubation Programme stands out as a vital resource for emerging companies looking to make their mark on the global stage.
“Fan reported that the company's international client base is growing, and that Hong Kong's top universities can help upgrade its algorithms. The HSITP Incubation Programme provides acceleration services and funding of up to $3 million over three years.”
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