Arrow Electronics has held an internet of things (IoT) innovation showcase in Shenzhen aimed at connecting innovative Hong Kong startups with technology companies in China.
The event attracted 500 attendees from all sections of the IoT ecosystem in Hong Kong and China, providing a platform for IoT businesses in China and Hong Kong to collaborate.
As well as startups and entrepreneurs, international technology manufacturers, IoT solution providers and system integrators attended.
Notable attendees included Analog Devices, Cypress, Honeywell, Infineon, Intel, Nexperia, NXP, ON Semiconductor, Qualcomm, and STMicroelectronics.
Arrow Electronics components president for APAC Simon Yu said that recent research from the Chinese University of Hong Kong and Hong Kong Baptist University found that entrepreneurship in Hong Kong and Shenzhen has grown 206% and 284% respectively between 2009 and 2016. But innovation in some major areas including the IoT is being held back due to limited engineering expertise and production resources.
“Arrow has long supported technology innovation in Hong Kong and China,” he said.
“Our engineering expertise and IoT industry reputation, especially in the greater China area, can definitely assist IoT startups in removing key barriers and connecting them with the ecosystem players on their road to innovation entrepreneurship and social impact.”
Arrow Electronics last year opened the Arrow Open Lab at Science Park to help support entrepreneurship and innovation in Hong Kong. This week's event built on that initiative.