HKSTP MINGLE Luncheon with Mr. Shih Wing Ching (施永青)

Hong Kong Science and Technology Parks Corporation (HKSTP) arranged the 39th MINGLE Luncheon with Excellence Businessman for sharing their experience on 16 April 2015. This time we invited Mr. Shih Wing Ching (施永青) (Chairman of am730) by Ms. Janet Wong of ITC referral, to share his startup experience on am730 free newspaper. Before the event, we took a photo with guest for memory.
(Left: Ms. Helen Chung, Mr. Shih Wing Ching, Mr. Peter Mok and I)

Then Ms. Janet Wong (Commissioner, ITC) arrived and discussed with us.

Mr. Peter Mok (Head of Incubation Program, Corporate Development, HKSTP) gave a welcome speech. He said startup did not only focus on technology, but also considered the business. It is both Science and Art.

Our guest speaker Mr. Shih Wing Ching shared his startup experience on “am730”. He said that starting a new business is not necessary risk taking; we need to think thoughtfully before start. (路看通了才去行) He added he observed the change of newspaper trend and found the opportunity. The first free newspaper was Metro which distributed in MTR. At that time, Mr. Shih had a question why their advertisement was so expensive (without discount) and still survived. It was because their reader population was belongs to middle class in Hong Kong.

Before Mr. Shih invested to free newspaper, he needed to change his mindset that housing agent investment was shorter but newspaper was opposite. Newspaper needed to accumulate readers and build trust with advertisement customer. Cash “Flow is very important” Mr. Shih said. In his plan, the first part of investment is HK$50 million. If the growth trend is good (angle of acceleration), the second part of investment is also HK$50 million. Then he was found the first balance point after 23 month operation.

He explained to us why his Special column (專欄) named “C View” (C觀點). It means “Not A & Not B” (非A非B) where A stand for “Apple Daily” and B stand for “Beijing”.

Some key points from Mr. Shih were summarized below:
- Problem always happen after startup survive
- Believe yourself (忠於自己的信念) that does not afraid media challenge
- Sharing what you think (分享心裡話) and Sincere (真誠)
- Organization is function, Organism is live. Both terms have “Organ”, indicating network system connected among organs.
- The two original motivation (原始動力) are Survive (生存) and Reproduction (繁殖). You need to make your business & organization life (生命).
- There are three approach: i) Amoeba approach (Self-copy) (單性繁殖); ii) Mutation (異變) and iii) Hybridization (雜交).
- Most of Big Data is only a story (大部分大數據都是吹的) but it is a finance tactic to get huge of money to realize a big dream! (夢想很大,力度必然大。)
- Venture Capital (風險投資) become a Craze Capital (瘋狂投資)
- Every people dream to be i) Jacky Ma and ii) Shi Yuzhu for Alibaba IPO.
- Most important is “Vision” and “Good Story”!

During Q&A session, Ms. Janet Wong asked two questions. The first question was “When and how to make a decision to give up the business? (壯士斷臂)” and the second question was “How to handle fear? (面對恐懼)”

Mr. Shih joked that everything would dead ultimately (中原中原終有一日會完). He then said he would give a chance for some business which was not so good to improve within half year. If not, he tried to change person. Finally, it was no choice to close it if no improvement. For to fear, he suggested people did not only focus on one thing but diversity your mind (多一點不同關注). Finally, he commented in Chinese “眼光及了解自己處境” and “不能用生錢救死錢”.

At the end, Ms. Janet Wong gave closing remark. She introduced the coming new funding scheme named Enterprise Support Scheme (ESS) which would replace Small Entrepreneur Research Assistance Programme (SERAP). The detail seminar would be held on 28 April 2015.

HKSTP Event & Seminar - http://www.hkstp.org/en-US/News-Media-Events/Events-Seminars.aspx

IoT Symposium 2015

The Internet of Things (IoT) Symposium is an annual event organized by Hong Kong Science and Technology Parks Corporation (HKSTP) under IT Fest on 16 April 2015. The symposium aims to provide a platform for industry leaders, solution providers, engineers and users across industries to exchange ideas and shares the latest developments and emerging applications for an even more collaborative IoT ecosystem. In this year, IoT Symposium theme is “Embracing Big Data Analytics and Cloud Computing with IoT Application”.

The Honourable Mrs Fanny Law, GBS, JP (Chairperson of HKSTP) gave a welcome address before the symposium start. He said we identified IoT to be one of key technology in Smart City and it could improve Quality of Lift in Hong Kong people.

The Honourable Mr. Gregory So Kam-leung, GBS, JP (Secretary for Commerce and Economic Development, The Commerce and Economic Development Bureau, HKSAR) gave an opening speech. He said we had 4.9 billion connected things in use in 2015 and it would increase to 20 billion after 5 years. IoT included RFID Technology, GPS, Big Data Analytics, Sensor, Cloud Computing, Security Networking, etc. Then he briefed some government department employed IoT technology such as Water Supplies Department (Water Intelligent Network) and Drainage Services Department (Intelligent Ultrasonic Sensors).

Then Mr. Gregory So said we expected IoT excellence centre in Hong Kong to link people together and we needed a show case. Then he pointed out some key actions to be done below:
i) Supply Chain Platform,
ii) R&D for Customization,
iii) VC/Angel Funding Platform,
iv) Coordination Learning Platform,
v) Innovation and Entrepreneurship,
vi) Industry Partner Network,
vii) HR Pipeline,
viii) IP Training, and
ix) Rapid Prototype.

Group Photo

The first keynote speaker was Mr. Alan Lau (Senior Partner, Asia Head, McKinsey Digital) and his topic entitled “Internet of Things – A perspective”. Mr. Lau said IoT would have huge impacts on the ecosystem and showed the infographic chart.

Then Mr. Lau explained the myths and truths about IoT in the following diagram. He added big data would be a critical tool to unlock value from IoT.

Mr. Lau identified 6 categories illustrate the breadth of potential IoT application such as “Tracking Behavior”, “Enhanced Situational Awareness”, “Sensor-driven Decision Analytics”, “Process Optimization”, “Optimized Resource Consumption” and “Complex Autonomous Systems.” However, he also pointed out some practical challenges included “Building Clear Business Case”, “Committing on Upfront Capital Investment”, “Create Interoperability” and “Addressing InfoSec concerns”. The following diagram showed some application cases in Hong Kong

The second keynote speaker was Prof. HT Kung (Professor of Computer Science and Electrical Engineering, School of Engineering and Applied Science, Harvard University) and his presentation title was “IoT Based Prediction”. He then discussed IoT + machine learning.

Prof. Kung said “IoT Based Prediction” is natural. However, there were four challenges. They were “Small Data”, “Low Power Budget”, “Weak Signal” and “Massive Connections”. He said real-world signals were often “Sparse”. And then he mentioned how to derive discriminative High-Level Features from data. Step 1 was Feature Extraction and Step 2 was Classification/Regression. After that he introduced the use in conjunction with Deep Neural Networks for computer vision and speech recognition. Using this technique, you were able to do facial emotion recognition.

Dr. Hang Li (Director of Noah’s Ark Lab, Huawei Technologies) was the third keynote speaker and his topic was “Big Mobile Data Mining – Opportunities and Challenges”. Firstly, Dr. Li told us the vision of Huawe was “Building a Better Connected World”.

Firstly, Dr. Li introduced that Huawei would contribute to Internet of Things by Innovating in 5G and Big Data. The peak speed of 5G was showed much higher than 4G! Then a video showed that Shanghai Unicom had joinly cooperated with Huawei in January 2014. One of key cooperated areas was Mobile Broadband Data (MBB Data)

Finally, he mentioned some technical challenges on spatial temporal data mining and their solutions () below.
1. How to process vast amount of data? (Spark and Hadoop to process data)
2. How to mine from vast amount of data? (Data Mining Tools)
3. How to preserve privacy as much as possible? (Privacy Preserving Tool)
4. How to visualize mined information? (Visualization Tool)

Dr. Charleston Sin (Managing Director, Architecture Sales, Cisco Greater China) was the fourth keynote speaker and his presentation named “Enabling the Internet of Everything: Cisco’s IoT Architecture”. He said Internet of Everything (IoE) would enabled digital business because it networked Connection of People, Process, Data and Things.

Dr. Sin introduced a new concept from Cloud Computing to Fog Computing. Then he briefed Cisco’s IoT approach included “Customer-In”, Best-in-class ruggedized products and Strategic Partnerships.

The fifth keynote speaker was Dr. Xie Yun (Director, Digital China Research Institute) and his topic was “Turning of IT and New Data Application Model”. He said computing power was no long to be obstacle.

Dr. Xie Yun introduced three turning points as follows:
i) Turing Technology Platform to Application
ii) Application from “Point” to “Line” and then to “Area” (Dimension Change)
iii) New Virtual Image Technology
Example for application in city was showed below.

The last keynote speaker was Mr. Michael Wang (Director, Microsoft China Cloud Innovation Center, Microsoft Asia-Pacific R&D Group) and his presentation topic named “Form Internet of Things to Intelligent of Things”. He defined IoT that “The network of physical objects that contain embedded technology to communicate and interact with their internal states or the external environment.”

He concluded that IoT could help to develop new business models, cost reduction and improve efficiency. Finally, he briefed Azure IoT Suite solution to us.

HKSTP - http://www.hkstp.org/
IT FEST - https://www.itfest.hk/


CityU Omni-Channel Retailing Innovation Seminar

The CityU Omni-Channel Retailing Innovation Seminar was organized by CityU Engineering Doctorate (EngD) Society in the Department of Systems Engineering and Engineering Management (SEEM) on 14th April 2015. The seminar provides latest technology on O2O, IOT for shopping mall operators to attract more consumer business so as to provide a best opportunity for Hong Kong retailers to learn about best practices and get new impulses and insights.
(EngD team photo – Left: Dr. KW Liu, Dr. Keynes TW Chan, Dr. WT Chan, Dr. Chris Chiu, Dr. Rocky Lam and I)

Dr. Rocky Lam (Chairman of CityU EngD Society) gave a seminar note and introduced different speakers and briefed their technology on retail application.

Hon. Charles Mok (Legislative Council Member (IT Functional Constituency)) gave us an opening note. He briefed the recently events such as formation of Innovation and Technology Bureau and revamped of Innovation and Technology Advisory Committee. He told us that the silver winner of ICT award in last Friday was found very similar to Google Glass but they innovated to use cheaper technology to achieve similar results. He said Innovation could solve new requirement and provide new strategy.

Then the demo video from Multimedia Software Engineering Research Center, CityU and the topics included “Indoor Location Technology – Ruckus”, “Retails Mobility Solution – 00Card, M3”, “eCommerce O2O Solution – Netsuite, Vantis Solution Ltd.”, Facilities Management Solution – SwitchMap” were showed. SwitchMap product was showed in the following diagram. When people pass the sensor, switch activated.

Dr. Sun Hong-yi (SEEM, CityU) was our guest speaker and his topic entitled “The Sun model and the DVD model for Retail Innovation”. Firstly, Dr. Sun asked a question that “Where is Hong Kong going?” He compared HK’s GDP and Mainland GDP. The ratio form 19% in 1997 down to 2.8% in 2014. He also predicated it could be less than 1% of HK’s GDP in Mainland GDP. Therefore, Dr. Sun promoted Innovation to obtain economic growth in Hong Kong.

Then Dr. Sun introduced the Sun model of creative thinking in which we needed to think out of box through lateral and divergent thinking.

DVD model stand for Distance, Value and Dollar. The following diagrams showed it application and principles.

Mr. Wan (NetSuit) introduced NetSuite Solution for cloud ERP and its mission was One World One System.

Jonny (Founder of 00Card) briefed 00Card which was new generation of membership and its functions included Member Gathering, Joint Promotion, Real-time Message, Hot Discount and Special Gifts.

Mr. Dickens Lee (Technical Manager, Ruckus Wireless) presented the topic “Smart Wi-Fi for Retail”. Their technology is for indoor positioning via Wi-Fi.

The example of rail station was showed and it realized the big data of population distribution and location with time (Where, When and How many).

Mr. Kevin Chu (Senior Solutions Architect, North Asia) presented Olik Business Discovery Platform. It is based on user-driven Business Intelligence (BI).

Then he explained the methodology and demonstrated retail data sample for us.

Mr. Aiden Ho (Brand Director, SwitchMap) was the last speaker and his topic named “The Modernization of Electrical Utility Controls in Commercial Spaces”.

It was a Low Power Stand Alone Wireless Technology with unlimited range and used to control through remote access and program with intelligent. It expected to save your energy consumption automatically.

At the end, Rocky led the Q&A Session.

CityU Engineering Doctorate Society - http://www.engd.org/
Engineering Doctorate (Engineering Management) - http://www.cityu.edu.hk/seem/prg-engd.htm

CAE-HKAES Joint Summit on Innovation and Technology Industry in Hong Kong and the PRD (Day 2)

The CAE-HKAES Joint Summit on Innovation and Technology Industry in Hong Kong and the Pearl River Delta (PRD) was held in Hong Kong on 13-14 April 2015 which was jointly organized by the Chinese Academy of Engineering (CAE) and the Hong Kong Academy of Engineering Sciences (HKAES), and was hosted by The Hong Kong Polytechnic University (PolyU). Morever, Hong Kong Applied Science and Technology Research Institute (ASTRI) and Hong Kong Science and Technology Parks (HKSTP) were supporting organizations, as well as, City University of Hong Kong (CityU) was one of sponsoring organizations. This two day summit provided a valuable platform for exploring directions for the future development of industry in Hong Kong and the PRD through technology and innovations arising from a combination of expertise and strengths from Hong Kong and the PRD. It aimed to explore future directions of HK-PRD collaboration on Innovation and Technology Industry development. The summit day 2 was summarized below.

Session 4: Factors for Commercial Success

Prof. CHENG Jing (Director, National Engineering Research Centre for Beijing Biochip Technology, China and Member, CAE) (Right) and Dr. CHAN Alex Siu Kun (Managing Director, Applied Technology Integration Ltd., HK and Fellow, HKAES) (Left) co-chaired this session.

The first speaker was Ms. WANG Ju Hong (VP, Tencent Technology (Shenzhen) Company Limited, China) and her presentation topic was “Grow with Innovation”. In the beginning, Ms. Wang briefed Tencent key milestones since 1998 such as QQ, Stock Exchange, WeChat, etc. Tencent was one of the leading internet companies and top 5 by market value (The ranking is Google, Facebook, Alibaba, Amazon and Tencent).

After that Ms. Wang introduced their Three-tiered Strategy included Core Platform, Investment & Partnership and “Open” Strategy.

Moreover, Tencent established the R&D Cultures included Innovation Culture, Agile Culture, Learning Sharing Culture and Code Culture. One of important activities in Innovation Culture was motivation such as monthly and annual awards.

The second speaker was Prof. PAHK Heui Jae (President and National Chief Technology Officer, Office of Strategic R&D Planning (OSP), Ministry of Trade, Industry and Energy, Korea) and his topic named “Innovative Ecosystem of Korea for Commercial Success”. Prof. Pahk said “Korea is the only country from aid-recipient to aid-donor”. He also mentioned from manufacturing to PSY that showed Dynamic Korea. Then he briefed the OSP which established in March 2010 and it was R&D Think-Tank for the Ministry of Trade Industry and Energy (MOTIE) that plan R&D Portfolio for the future economic growth.

Prof. Pahk emphasized Industry/Market Oriented R&D. So he used policy to change professors’ preference on publication in SCI/Nature to Market Oriented Research. He suggested to use Funding Policy for Market Oriented Research. He also quoted a poem in Chinese from朴喜載 “百聞不如一見,百見不如一行,百行不如一注。” explaining how “Lab to Global”. Moreover, he told us that they invested at least 10% of Revenue on R&D every year.

Dr. LEUNG Humphrey Kwong Wai (Group CEO, Solomon Systech Ltd.) was the third speaker and his presentation entitled “Building Strengths for Commercial Success in an IC Design Business”. He told us the traffic jam he met on this morning and used 1 hr for 2 km distance. He was inspired that the choice of right path in R&D was the most important!

Firstly, Dr. Leung explained IC Industry and its “Fabless” Business Model. Then he shared with us about Solomon Systech’s 5 Critical Aspects included “Innovation”, “International Partnership”, “Industry Talents”, “Institutionalization” and “Integrity”. He quoted Steve Jobs that “Innovation distinguishes between a leader and a follower”. He also added the one of key elements was to build Innovation Culture.

The last speaker was Prof. KO Ping Keung (President & CEO, Silicon Federation International Limited, HK) and his presentation was “Factors for Commercial Success (HK specific)”. He introduced his experience from Professor to Government community service and then became Full-time VC in China since 2001.

Prof. Ko identified HK-Shenzhen’s Golden Opportunity included infrastructure and people. Then he pointed out some factors for Commercial Success such as Technology customization to widen competitive edge (e.g. SoC chips). He emphasized no expectation from HK government. However, he expected some help such as increase non-local student populations in universities and relaxing immigration policy for talents.

Panel Discussion

Session 5: Recommendation for the Future (Panel Discussion)

Prof. TONG Timothy Wai Cheung (President,PolyU and VP, HKAES) (Left) and Prof. LEE Joseph Hun Wei (VP for Research and Graduate Studies, HKUST and Immediate Past President, HKAES) (Right) co-chaired this session. Each session chair would brief the summary of that session for sharing.

Summary of Session 1: Role of Government. Prof. Jin-Guang Teng (PolyU) presented session 1. He used Singapore’s Research and Innovation Strategies and its National Innovation System for comparison.

The following GDP on Education and R&D comparison was discussed and found that Hong Kong was still good investment on Education but very poor for R&D. Prof. Teng said we lost to Singapore in every case of attracting major MNCs (e.g. Incentive for MNCs & new startups, Tax incentive, flexibility in government policies and freedom for R&D activities). The only way to breakthrough is collaboration with Shenzhen and PRD.

Summary of Session 2: Research and Development. Prof. Victor OK LI said all speakers explored the difficulty of translating research results into innovations and technology developments because of insufficient research funding, lack of incentives for academics, mismatching between academic output and industry need, and lack of ecosystem.

Summary of Session 3: Knowledge Transfer / Exchange. Prof. WS Wong summarized speaker presentation and panel discussion such as Technology transfer strategy – Fundamental platform technologies, specific and customization. Some questions were discussed such as how to encourage closer collaboration between Hong Kong and PRD, as well as, how to increase private R&D spending.

Summary of Session 4: Factors for Commercial Success. Dr. CHAN Alex Siu Kun summarized this morning topic content into four key elements to be commercial success. They were Ecosystem, Innovation Culture, Market & Timing, as well as, Management & Change.

During the last Panel Discussion, Prof. KUO Way (President, CityU) commented to predict the future was very difficult. He also said HK government needed to take risk. It was related to leadership that China and Singapore had done it well. (Details at CityU President speaks at innovation summit)

Dr. Liao pointed out our housing problem that may not be attracting talent to service in Hong Kong (Quality of Life).

Prof. Gan said Key Universities in Beijing and Guangzhou had important roles for economy growth but Hong Kong’s universities had not utilized efficiency.

Prof. LIN Otto Chui Chau (Senior Advisor, PolyU and Fellow, HKAES) shared his idea on Social Economic Development from Agricultural to Industrial and finally to Knowledge Based Economy.

He analyzed Hong Kong Innovation System through the interaction among University (U), Government (G), Technology (T) and Business (B). So he suggested to reform HK’s Innovation System included Resolution, Culture and Strategy.

At the end of the Summit, Prof. CHOI Yu Leuk (President, HKAES) gave a concluding address. He said the purpose for HKAES is to facilitate formulation of Hong Kong’s Innovation and Technology Policy. He raised the versatility of Hong Kong System that resources allocation system to be market led incorporating interaction with Territorial Development Strategy (TDS). Some recommendations from HKAES were briefed such as to formulate strategies to promote innovation and technology as an engine of economic growth and social well-being, and to develop policies and mechanisms to facilitate effective integration of HK and the PRD in science and technology, innovation and entrepreneurship.

In the summit lunch, I met Mr. MY Wong (Chairman, Board of Directors, ASTRI) and took a photo for memory.

Chinese Academy of Engineering (CAE) - http://en.cae.cn/en/
Hong Kong Academy of Engineering Sciences (HKAES) - http://www.hkaes.org/


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