CityU EngD Open Forum – Innovation and Entrepreneurship

The Open Forum named “Innovation and Entrepreneurship – Government Policy, Society & Technology” co-organized by The University of Warwick and The Hong Kong Polytechnic University Manufacturing Alumni Association Limited (WPUMAA) and the City University of Hong Kong Engineering Doctorate Society (CityU EngD Society) held on 17 Oct 2015. It invited leading international scholars, industry practitioners, and people from legislative and public sectors to share their opinions on how government policy may contribute toward the success of a society by development or adoption of technology. EngD Society committee member took a photo inside the venue for memory.
(Left: Dr. KW Liu, Dr. PM Lai, Dr. Rocky Lam, Dr. Walter Fung, Dr. WH Fok, and I)

In the beginning, Dr. Walter Fung as forum coordinator introduced the forum arrangement and topics including One Belt One Road.

Then Dr. Rocky Lam (Chairman, CityU EngD Society) gave an opening speech and he hope we could foster the innovation culture and facing the industry 4.0.

Prof. Yesha Sivan (School of Design, PolyU, Executive Director of the Coller Institute of Venture at Tel Aviv University Faculty of Management) was the first speaker and his topic named “The Global Venture Ecosystem – and HK 3.0”. Firslty He briefed four actors and value chains in venture ecosystem including “Public Authorities”, “Institutional Investors”, “Venture Capitalists” and “Entrepreneurs”.
(P.S. I attended his talk in Hong Kong Venture Capital & Angel Investment Conference 2014 on 5 Dec 2014 in Science Park.)

Prof. Sivan also presented 6 current trends that change the ecosystem below.
Current Trends from the bottom:
1. Rise of New Treatment of Ideas (e.g. Social Media Capture that earn money by some ideas only)
2. Rise of Innovation Platform (Five Kinds: Process, Generative, Ready-made, Technology and Building Innovation Platform.) (e.g. Waze> Social Navigation)
3. Rise of the Early Users Factor (e.g. Kickstarter)
Current Trends from the top:
1. Rise of Corporate Virtual R&D (e.g. Apple) See the diagram below.
2. Rise of Super Angles (e.g. PayPal)
3. Rise of Regulation (e.g. AIFMD = Alternative Investment Fund Managers Directive = EU led effort regulate the investment industry.)

Then Prof. Sivan asked what did it mean of HK? He introduced HK3.0 plan from 2012 to 2016 (kick off).

Finally, he discussed some sample of HK 3.0 Ventures included Health Fund in hospital, and Engine Fund in Nano and 3D store.

The all organizers and guest speakers were took a photo for memory.

The second speaker was Dr. Thomas Chan Man-hung (Director of China Business Centre, PolyU) and his topic entitled “Down to Earth – Opportunities offered by China’s One Belt One Road Strategy”. China would like to build up “connectivity” of traditional overland and maritime silk routes of China and the World for their revival through infrastructure investments; as well as, to promote regional and global peaceful cooperation for “mutual socio-economic development” of countries and economies involved.

Then Dr. Chan said there were two possible outcomes below.
1. A great boost to trade and investment in the developing countries that have been neglected in past decades and across border to foster regional socio-economic integration & global balanced growth & development;
2. A multipolar world to replace Pax Britannica (英式和平) and Pax Americana (美式和平).
The diagram showed the territorial coverage of the “One Belt, One Road” strategy where Indian Ocean plus the Eurasian Landmass. The world will be changed from age of post-Pax Americana (after WWII and Cold War) to the globalized diversity and connectivity of the past (e.g. Global Silver Trade in 16th – 19th Century).

Dr. Chan pointed out “Learning and Innovation” which would be cross-cultural beyond geographical constraints of constructed territories and integrative/comprehensive/holistic not hindered by political fragmentation of knowledge. Finally, Dr. Chan concluded what entrepreneurship is.

The third speaker was Ir. Daniel Lai (Distinguished Fellow & Past President of Hong Kong Computer Society, Former Government Chief Information Officer) and his presentation was “Developing Hong Kong to be a Smarter City”. He defined Smart City that leverages on the information and communication technology (ICT) infrastructure and aiming at improving the quality of life.

Ir. Daniel Lai said many major cities around the world such as Seoul, Singapore, Tokyo, New York, London and Amsterdam had introduced smart city projects. There are 8 Key Aspects of Smart City included Governance, Energy, Buildings, Mobility, Infrastructure, Technology, Healthcare and Citizen. Hong Kong has advantage to be “Smart City” (See following diagram) and to use of technologies & ICT and innovative solutions for following purposes:
- Creating sustainable economic development
- Enhancing quality of living
- More effective resource and energy consumption
- Creating convenience for everyone
- Saving time and effort
- Better environment
- More effective waste management
- Ensuring safety

The Ir. Daniel Lai briefed some examples in Hong Kong “SMART” including Smart Transportation using Octopus, Smart Logistics using RFID in Luggage’s handling, Smart Immigration Control, Smart Track for health/elder care, etc. Lastly, Ir. Lai mentioned the 2014 Digital 21 Strategy by consultation document and demonstrated in the following chart which slogan that “Smarter Hong Kong, Smarter Living”.

During the tea break, Dr. Lo arrived and all guest speaker and organizer took a group photo for memory.

EngD cohorts were took a photo outside the hall.
(Left: Dr. KW Liu, Mr. Jacky YK Ng, Dr. WT Chan, Dr. Rocky Lam and I)

Dr. Hon Lo Wai-kwok (LegCo Member (Engineering)) was the fourth speaker and his topic named “Be Smart, Be Green, Be Innovative”. He said we needed building global competitiveness. Dr. Lo quoted 2015 China Urban Competitive Report which indicated that Hong Kong became No. 2 and Shenzhen was No. 1 in 2015. He also added that “we need sustainable mode of economic development, sustainable living environment and new GREEN and SMART way of life!”

Dr. Lo also mentioned Smart City and he suggested to use ICT to enhance its livability, workability and sustainability. He explained why Hong Kong needs to be a smart city with the following reasons.
- Face keen competitions from our neighboring cities
- Enhance our position and upkeep our competitive edge
- Harness more technology applications to improve our livelihood
- Ensure sustainable development

Dr. Lo believed that Government’s policies and strategies are most crucial. Then he mentioned IoT that Hong Kong would move fast using IoT. However, we needed to overcome the challenges such as “Lack of standards”, “Green IoT rise” and “Cyber Security & Privacy”. Kowloon East is a pilot area of Smart City in the government’s plan. Government green procurement should provide more opportunities for local environmental consultants and engineering companies. Finally, Dr. Lo using 5Is to conclude Hong Kong be Smart City based on Integration, Information, Integrity, Internationalization and Innovation.

The last speaker was Hon Charles Mok (LegCo Member (IT)) and his presentation was “Unleashing innovation for a better Hong Kong – a Policy Perspective”.

Firstly, Mr. Charles Mok briefed Smart City too and pointed out a better citizen experience for a more connected citizenry by Transparency, Participation and Accessibility of Information.

Then he briefed a framework of Smart City and pointed out the most important was “Smart People”. “How to train them and create Innovation Culture” he questioned.

Mr. Mok also described what we need to do for better innovation from Government, Market, Infrastructure, Funding, Culture, and Talent. Like PDCA, Charles mentioned “Vision → Execution → Measurement → Iteration”. Finally, he said the strengthening HK’s edge to capitalize opportunities through the following items:
- Internet+ and One Belt One Road
- Advanced manufacturing
- Helping Local Startups go Big and go Global
- Professional Services (e.g. FinTech)
- Open Data as enabler of Smart City

Q&A Forum
Some interesting questions such as Do you guess what our CE learnt from UK after visit? Prof. Yesha Sivan answered “Either Nothing or Leadership”. Dr. Lo said we needed Technology Function Deployment, Mr. Charles Mok said we needed to build consent. But Dr. Chan did not agree the consent and he said innovation needed to break the rule and learned from others (e.g. Korea Gov Leadership).
What is the next wave? Dr. Rocky Lam said Smart Manufacturing.

After the forum, EngD cohorts took a group photo again (It is very difficult to gather all cohorts together!)
(Left: Dr. Rocky Lam, Dr. Andy Wong, Dr. Samuel Fung, Dr. Walter Fung, Dr. WH Fok, Dr. KW Liu and I)

This year is CityU Engineering Doctorate Society the 10th Anniversary so that we prepared a tie with EngD Society logo for sale.

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



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