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Cyberport and HKU to jointly forge fintech ecosystem

A Memorandum of Understanding (MoU) signing ceremony between the University of HCyberport and the University of Hong Kong (HKU) have entered a collaboration to develop a joint digital technology entrepreneurship platform.

The HKU x Cyberport Digital Tech Entrepreneurship Platform will form part of the partners' efforts to build a digital tech ecosystem in Hong Kong covering aspects of human capital, innovation and technologies, entrepreneurship, and legal and business expertise.

Under the partnership, HKU will provide support to digital tech start-ups at Cyberport by hosting legal and business clinics covering legal advice, business plan consultancy and internal valuation practices to help them accelerate growth.

The platform will have a focus on the fintech sector. Cyberport has the largest fintech cluster in Hong Kong with close to 200 companies, and houses fintech accelerators including the Accenture FinTech Innovation Lab Asia-Pacific and SuperCharger.

The collaboration will involve the opening of the HKU x Cyberport FinTech Nucleus to improve the creativity within the Cyberport Centre of Global FinTech Innovation.

HKU's Center for Information Security and Cryptography (CISC) will also provide 50 units of its SHIELD cybersecurity technology under a one-year free trial to fintech startups and companies at Cyberport under the ITC's Public Sector Trial Scheme.

“Cyberport is pleased to seal a strategic partnership with HKU, we share the same vision and commitment to drive digital tech innovation and adoption,” Cyberport chairman Lee George Lam said.

“With Cyberport’s wealth of global connections and digital entrepreneurial resources, together with HKU’s expertise on technologies and development, we are sure that many more great ideas will flourish and innovative solutions will be widely adopted.”