UK And Hong Kong Announce Agreement Reinforcing Investment Collaboration

Hong Kong, 26 March 2018 | Invest Hong Kong (InvestHK) and the Department for International Trade of the United Kingdom (DIT) agreed to strengthen collaboration in promoting inward investments, on the closing day of the GREAT Festival of Innovation.
The Memorandum of Understanding encourages the development of businesses with a technology focus, such as artificial intelligence, financial technology and biotechnology.

The UK was also named as the Official Partner Country for Business of Design Week 2019.

Business of Design Week is the flagship annual event of the Hong Kong Design Centre and the biggest event of its kind in Asia, connecting creative leaders across industry. Witnessed by Dr Liam Fox, UK Secretary of State for International Trade, and Mr Edward Yau, Hong Kong SAR Secretary for Commerce and Economic Development, the announcement mark’s the UK’s ongoing commitment to deepen creative collaboration with partners in Asia.

Highlights from Day 4 at the Festival

Throughout Day 4, educators and students from both the UK and Asia’s leading higher education institutions shared insights with audiences, who also met entrepreneurs and educational thought leaders from the region. Guests were presented with cutting-edge research and witnessed prototype technology breathing new life into traditional art forms.

Principle Education Partner De Montfort University, Leicester (DMU) presented a number of showcases throughout the day. Particularly relevant to Hong Kong, students from the architecture faculty revealed how ‘vertical farming’ can tackle future food security issues and use leguminous vegetables to eliminate city carbon emissions.

A panel discussion moderated by Dr Karin Munasinghe, Ph.D of Fresenius Medical Centre explored the application of video game technology to the rehabilitation of patients suffering with trauma with Bournemouth University’s Dr Xiaosong Yang and Professor Hongnian Lu and Ulster University’s Professor Cherie Armour and Professor Damien Coyle.

Bournemouth University’s Dr Xiaosong Yang, commented, “Through our research in the UK into the application of AI into digital health, we could revolutionise healthcare. Even if a doctor doesn’t have background experience in the field, the data can be so easily collected and AI can then be used to shortlist diagnosis for patients.”

The University of Surrey presented its Centre for Vision, Speech and Signal Processing (CVSSP); a pioneering machine for perception which over the past 30 years has produced ground-breaking technologies from facial recognition for security, to medical image analysis for cancer detection. Audiences saw the latest in motion capture, cinematic VR production and ground-breaking 3D light field video content that is set to revolutionise the film and gaming industries.

English playwright William Shakespeare was brought firmly into the 21st century today as alumni from Coventry University performed scenes from King Lear with students thousands of kilometres apart in Tampere, Finland using their award-winning Shakespeare Portal. The interactive window uses conference technology and was developed by theatre experts to enable actors in different locations to perform on the same stage.

The creator of the Shakespeare Portal, Dr Tom Gorman from Coventry University, said, “The technology of the Shakespeare Portal can be applied in many different ways for similar teaching, allowing people to collaborate and work together even though they may be distances apart. Our end goal is to make live theatre international and enhance collaboration with other countries.”

Professor Michael Rofe of Falmouth University also presented Falmouth’s Online Orchestra, an online portal that allows musicians to collaborate and perform together, enhancing musical facilities available to young musicians around the world.

Also on Day 4, Bournemouth University presented DigiTrace, an innovative software and analytical tool package that allows footprints and tracks to be captured, visualised and analysed in 3D. The software has been applied in fields ranging from forensic criminal investigations to wildlife conservation strategy.

The Festival hosted the Jardines’ Innovation Challenge, a Dragons’ Den-style competition where students were invited to present their innovative ideas in front of industry experts for the chance to win a 6-week internship opportunity with Jardines. The judging panel included Joanne Chan, Business Navigation & Operations Manager at IKEA and James Mabbutt, Corporate Finance Analyst at Mandarin Oriental Hotel Group.

Ask An Entrepreneur was a session that gave students the opportunity to ask internationally celebrated entrepreneurs about their successes and failures that have fueled their growth. Dupsy Abiola, Head of Global Innovation, IAG, offered invaluable insight to their audience on the mindset on the entrepreneur and the importance of disruption in business.

While the GREAT Festival of Innovation has formally closed, powerful partnerships formed over the four days have led to strengthened collaboration and significant deals signed between UK and Asian businesses and investors, which will be announced next week.

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The Director-General of Investment Promotion at Invest Hong Kong, Stephen Phillips (front right), Director General, Trade and Investment, British Consulate-General Hong Kong, Paul McComb (front left), sign a Memorandum of Understanding on investment promotion co-operation today at the GREAT Festival of Innovation, in the presence of Edward Yau (back right), and Dr Liam Fox (back left) Credit: GREAT Festival of Innovation The UK was today announced as Official Partner Country for Business of Design Week 2019. From left to right: Raymond Yip, Deputy Executive Director, Marketing of HKTDC; Eric Yim, Deputy Chairman, HKDC; Dr Liam Fox; Edward Yau; Andrew Heyn, Consul-General for Hong Kong and Macau; Victor Lo, Chairman of BODW; Jenny Koo, Director, Service Promotion, HKTDC; Edmund Lee, Executive Director of HKDC; Paul McComb. Credit: GREAT Festival of Innovation
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De Montfort University’s model of a ‘vertical village’. Credit: GREAT Festival of Innovation Ulster University’s wearable technology which measures brainwaves to allow people to communicate without moving. Credit: GREAT Festival of Innovation
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Students perform Shakespeare for the first time on a single stage thousands of miles apart through an award-winning interactive window brought by Coventry University.
Credit: GREAT Festival of Innovation
Meet an Entrepreneur session with Dupsy Abiola and Sean Lee Davies. Credit: GREAT Festival of Innovation


About GREAT Festival of Innovation 2018
The GREAT Festival of Innovation, to be held at Asia Society Hong Kong Centre from 21 to 24 March 2018, is the third of its kind after the success of the GREAT Festivals of Creativity in Istanbul (2014) and Shanghai (2015). Its vision is to share innovation and create life-long partnerships that will drive the future of free trade and prosperity between the UK, Hong Kong and the region.

The Festival will explore the latest in cutting-edge innovation and the future of how we work, live, play and learn through a series of talks, panels and interactive workshops over four days. Bringing together some of the world’s brightest minds, business leaders and policy makers, the Festival will provide a unique platform for powerful future partnerships.

The GREAT Campaign
Bringing the best of Britain to the world

The GREAT Britain campaign showcases the best of what the whole nation has to offer to inspire the world and encourage people to visit, do business, invest and study in the UK. It is the Government’s most ambitious international promotional campaign, uniting the efforts of the public and private sector to generate jobs and growth for Britain. The campaign has already secured confirmed economic returns of £3.1bn for the UK.

The UK has a huge amount to offer, with world-class universities, ground breaking research, high tech start-ups and entrepreneurial business people. Global leaders in the creative industries like music, fashion, design and film, the UK can offer visitors unforgettable experiences, breath-taking landscapes and iconic attractions.

The GREAT Britain campaign captures the best of all that is familiar about the UK, but also what is new and surprising about the country.

Read InvestHK press release here:

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