Number of start-ups doubles in Hong Kong electronic fair

Source:Xinhua Published: 2017/10/13 20:56:33

The 37th Hong Kong Electronics Fair (Autumn Edition) opened Friday, attracting close to 100 start-ups, a double of last year's number, to promote their state-of-the-art products.

The autumn electronic fair, organized by the Hong Kong Trade Development Council (HKTDC), and the 21st electronicAsia, jointly organized by the HKTDC and MMI Asia Pte Ltd, was held at the Hong Kong Convention and Exhibition Center on Oct. 13-16. The two events altogether featured close to 4,300 exhibitors from about 25 countries and regions this year.

In line with the Hong Kong Special Administrative Region (HKSAR) government's policy to support start-ups, the Startup zone continued to be staged at the autumn electronic fair this year, with close to 100 start-ups joining.

Welle Gesture Controller, developed by Maxus Technologies (SZ) Limited, is one of the highlight products in the Startup zone, which allows users to control devices and software applications, like smart phones and lightings with simple touch and gesture via bluetooth.

Richard Mou, Business Developer of Maxus Technologies, told Xinhua that the controller, costing 69 US dollars each, was mainly designed for smart home settings and drivers, and it has been on sale for about half a year.

Mou said that the electronic fair serves as a platform for them to further promote their product to buyers from all over the world.

Speaking at the Symposium on Innovation and Technology 2017, a highlight activity of the autumn electronic fair, HKSAR Chief Executive Lam Cheng Yuet-ngor said that providing investment funding to support start-ups was one of the major areas that the HKSAR government would step up in regard to the development of innovation and technology in Hong Kong.

"We have seen a number of venture capital funds setting up in Hong Kong in recent years. To further boost the momentum, we have just launched the 2 billion HK dollars (about 256 million US dollars) Innovation and Technology Venture Fund and are inviting private venture capital companies to joint hands with the SAR government to invest in our technology start-ups," Lam said.

According to HKTDC, electronics industry is the largest merchandise export earner of Hong Kong, accounting for 65.5 percent of its total exports in 2016.

Hong Kong has seen considerable growth in total exports in the first eight months of this year, including electronics, parts and components and lighting products. (1 US dollar equals to 7.8 HK dollars)

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