The CityU Engineering Doctorate (EngD) Society in the
Department of Advanced Design and Systems Engineering (ADSE) was organized the lunch
talk in Faculty Lounge in CityU 9/F (Bank of China Complex) on 26th Nov 2022. It aims to introduce
CityU HK TECH 300 program to cohorts and HKSQ TID funded project for startup,
as well as, discussing EngD Society future development. Firstly, we took a
group photo for memory.
(Left: Dr. Danny Tang, Dr. Szeto Wing Hong, Dr.
Herbert Yeung, Dr. YC Chau, I, Dr. Rocky Lam and Dr. Albert Tam)
I invited Dr. YC Chau (Adjunct Professor, ADSE; CES TECH
300 representative) introduce CityU HK TECH 300 project to us. CityU launched the
project with HK$500m funding to incubate 300 start-ups in 3 years since 2021.
Dr. YC Chau briefed the different amount of funding in
different stages through the program.
Until now, more than 1000 participants joined the
entrepreneurship training program. (Remark: I also led two AP students joined
the training last year.)
The seed fund teams distributed in different
technology areas including Deep Tech, ICT & AI, FinTech, Biotech & Health
and EduTech.
After that I briefed HKSQ TID funded project (upto 1M)
for quality startup sustainable business growth.
We performed online survey and received 149 valid
response and I introduced analysis method to group different questions.
After using Exploratory Factor Analysis (EFA), I
identified six key factors which are important to the startup. Finally, we
selected 50 out of 149 startups for in-depth interview and further identified constitutes
of challenge factors that startup faced to.
Lastly, we published a practical guidelines for good
management practices for startup and would be available in HKSQ website for free
download at the end of 2022. I thank Dr. Sunny Chai’s fully support and also Dr.
David Chung for early-stage consultation.
Finally, we discussed the development of EngD Society.
We found that number of candidates in EngD program is small (few per year) and
it was one of our membership number problems. Another issue is the society
financial sustainability. Some cohorts suggested to arrange MEng class or training
courses, etc. Finally, we decided to focus ESG field for some project
initiative.