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News Theme | Analysis of Technology Innovation and Start-ups under the Plan of Guangdong-Hong Kong-Macao Greater Bay Area

News Theme | Analysis of Technology Innovation and Start-ups under the Plan of Guangdong-Hong Kong-Macao Greater Bay Area

The outline’s chapter 4 of Guangdong-Hong Kong-Macao Greater Bay Area Development Project illustrates to enhance the collaboration on technology innovation between regions and states that the technology cooperation committee of the mainland, Hong Kong and Macau has to perform better in order to push Hong Kong and Macau to fit in the national innovation system and promote the construction for the bond of technology innovation between Guangzhou, Shenzhen, Hong Kong and Macau. 

 

Nowadays, Guangdong Province is an important scientific and technological base in the mainland of China. In 2016, more than 6,500 high-tech enterprises were established in the province, accounting for one fifth of total proportion in China which comes first amongst all provinces. In fact, a lot of Hong Kong’s technology companies started their own business many years ago and make the most of their advantages to have the better development.

 

Pionmi Innovation and Technology (Guangzhou) Co., Ltd. which is the high-tech enterprise specializing in aluminum dyes was found in Hong Kong in 1993 in which it produced and sold the dyed metal products. Mr Chan Kwok Leung who is the president of Pionmi decided to expand the business into the mainland as the domestic customers is increasingly demanding on aluminum dyestuffs and none of the manufacturers had the professional skills and techniques. The company was registered in Guangzhou in 2009 and the laboratory was moved to Guangzhou Advanced Materials Innovation Park from Dongguan in 2016.

 

Mr Lam Ka Keung, manager of administration in Pionmi says that high technology expertise can be benefited by national, provincial and city government’s preferential policies, for instance, the companies located at the innovation park is able to have the access to sharing service platform of company equipment, investment and financing, marketing and start-ups and policy’s consultation. Mr Lam mentioned about another benefit for setting up the scientific research institute and production field in the mainland which is the better compliance to local requirements on environment protection.


Meanwhile, many scientific research companies choose to start the business by the different ways. Vitargent (International) Biotechnology Limited, the start-up known for conducting the toxicological test with the fish embryo, rises for the professional testing and certification in Hong Kong. Besides, it was invited as one of the initiate units of Guangdong Alliance of Enhancing Equality by Guangdong Province government in last year and decided to expand in the mainland, nevertheless, Vitargent still keep its own laboratory and the production facilities of fish embryo in the technology park.

 

Mr Chen Zixiang, the founder of Vitargent, said that the professionality of testing and certification in Hong Kong is generally admitted globally, therefore, it is beneficial to locate the laboratory at Hong Kong. Mr Chen thinks that Guangdong-Hong Kong-Macao Greater Bay Area with 70 million people is the most attractive opportunity for his company. As the people’s living standard in the greater bay area enhances, the people is increasingly demanding on the products’ quality, so the company establish the safe information platform for the consumer goods which is called as Xiao Yu Qin Ce that can firstly provide the customers with the service of certification on different products, secondly assist in promoting and then directly enhance the products’ value. A typical example provided by Vitargent is as followed. One of milk powder contributors’ sales revenue was 5 billion yuan (Rmb) in 2017. After being tested and certified by Vitargent, the analysis suggests that the quality of milk powder of this brand is as good as that of the international ones whose selling price is twice as high as it. Most importantly, the milk powder contributor’s selling revenue doubles after the promotion.

 

Mr Guo zhenbang who is the president of Association of Medium and Small Enterprises thinks that other medium and small enterprises still have many chances to expand their business with construction of international technology innovation center in the greater bay area, besides the scientific research companies. He demonstrates, the professional service company in Hong Kong can provide the services such as selling and law consultation for the scientific research companies. As per Mr Guo’s suggestion, medium and small enterprises in Hong Kong wish to have the opportunities to develop in the greater bay area and other regions and improve or upgrade the company with the utilization of resources provided by the government, such as to apply for the technology voucher to improve the operating pattern with the innovative technology and the BUD FUND issued by Trade and Industry Department to expand the oversea market.

 

For Hong Kong’s support on the companies, Mr Chen and Mr Lam also think that Hong Kong still have plenty of deficiencies. Mr Chen suggests that, compared to only funding the beginners’ operation, Hong Kong should refer to the method for China government to assist in the science and technology innovation enterprises and spend the capitals on purchasing the start-ups’ goods and services, aiming to help them build up the business. When the government becomes the customers, it would be easier for start-ups to promote, to attract the potential inventors and to recruit more professional personnel with more resources.

 

Mr Lam figures out, Pionmi’s chemical products were all exported from Hong Kong but at present those are exported from the mainland because of the rigorous regulations and laws deteriorating the export situtation, causing the people’s concern that it would be difficult for Hong Kong’s system of export and entrepot trade to keep abreast of modern development.