New Hub Helps Green Tech To Flourish

Last month, the Hong Kong Science & Technology Parks Corporation, or HKSTP, transformed its InnoCentre in Kowloon Tong into a GreenTech Hub, with the aim of supercharging Hong Kong’s drive to be an international hub for green technology and green finance.

Kevin To, the head of a green tech company focused on developing electric motorcycles, batteries and smart battery replacement systems, believes the hub can be a catalyst for advancing green technology in Hong Kong.

“We can combine all these green tech companies together,” he said. “We have more opportunities to communicate, to interact with other green tech companies.

“For example, we are an electric vehicle company – we have a battery, and we need a battery management system. There is a green tech company in this building, they even do the battery management system, so it is very convenient for us to work together with this kind of company.”

Carbon goals

Mr To added: “We did a lot of events and have met a lot of companies within the Greentech Hub. It is a really good ecosystem.”

Explaining that his firm’s operations are primarily focused on the Mainland and Southeast Asian markets for the time being, Mr To highlighted that it also plans to partner with a food delivery platform in Hong Kong, enabling delivery workers to use electric motorcycles.

He believes this initiative will help the city to achieve its carbon neutrality goals.

Flourishing ecosystem

It is expected that the GreenTech Hub ecosystem will accommodate more than 200 green tech companies. HKSTP Associate Director (GreenTech) Howard Lee said it will unite green innovation from various sectors, including new energy, smart city solutions, green building and green fintech.

“The hub will also feature a dedicated Green Space to showcase these innovative and sustainable green solutions,” he added.

Moreover, to support companies in the hub, HKSTP has enlisted 16 GreenTech Hub Partners, including financial and business institutions, as well as universities, to support green tech innovation at the site.

Mr Lee said that focusing resources and expertise at the hub can have synergistic effects.

“It brings together different green tech companies, contributing to the clustering effect,” he stressed. “It also allows our industry partners to come and look for different green tech solutions.”