HKSTP, CASH to build green development lab in HK

HKSTP and the Chinese Academy of Sciences Holdings (CASH) have joined forces to establish a green development laboratory in Hong Kong.

The partners have signed an agreement on a cooperation framework to foster the development of green technology and related industries with the goal of creating an innovation and technology hub in the Greater Bay Area.

The CASH Green Development Laboratory will be established under this cooperation agreement. The facility will seek to use Hong Kong to facilitate international technology transfer and cooperation in the sector.

The ‘CASH Green Development International Laboratory’ uses a unique ‘talent + carrier + fund + service’ model that covers the R&D of products and applications, technology incubation and acceleration, development of both upstream and downstream industry value chain, as well as working with relevant partners to provide financial support and talent development services,” CASH general manager Dr Suo Ji-shuan said.

“Ultimately, we want to make China a global hub to promote commercialization and industrialization of the research results.”

Under the agreement, CASH will leverage the research resources of the Chinese Academy of Sciences (CAS) and recommend start-ups and enterprises with high potential to set up operations in Hong Kong Science Park.

The agreement was signed at a forum convened by the two partners covering technology and innovation for the One Belt One Road and Greater Bay Area Development initiatives.