HKSTP forges partnerships with Hitachi, Mizuho Financial

HKSTP has signed MoUs with both Hitachi East Asia and Mizuho Financial Group (Image HKSTP)

HKSTP has entered collaboration agreements with Japan's Hitachi and Mizuho Financial Group during a trade mission to Japan.

During the visit, HKSTP signed a memorandum of understanding with Hitachi East Asia to jointly develop a smart city data platform.

The collaboration will be based on HKSTP's multi-source data integration open platform, which is designed to provide neutral data sharing infrastructure to accelerate smart city development and data-driven innovation.

The company will seek to leverage Hitachi's cloud infrastructure to ensue the platform is open and adaptable and can act as a framework for building big data analytics platforms, and that the data within the platform is neutral and managed with good governance.

The agreement was signed in Tokyo during the Smart City ABCD (Artificial intelligence, Blockchain, Cloud and Data) session jointly organised by HKSTP and Hong Kong Trade Development Council as part of the annual “Think Global, Think Hong Kong” trade mission.

“HKSTP and Hitachi are embarking on an unprecedented partnership between the public and private sector in co-creating data architecture for data acquisition, engineering and sharing,” HKSTP CEO Albert Wong said.

“The platform serves to enrich data sources to enable data-driven Smart City innovation in the areas of Smart Mobility, Smart Environment, Smart Living and Smart People. It also generates insights and solutions beyond proof of concept to derive a greater range of applications.”

Meanwhile HKSTP has signed an agreement with Mizuho Financial Group aimed at jointly nurturing high potential technology startups from both Hong Kong and Japan, with a focus on key fields including smart city, fintech, biomedical technologies, and robotics.

The two companies plan to dedicate support to startups including incubation and acceleration programs, investment matching, knowledge exchange and access-to-market support.

Mizuho will be one of the partners for next year's planned new fintech focused stream of HKSTP's Global Acceleration Academy initiative.

“We are wasting no time in pushing forward our plans in helping our start-ups grow to their fullest potential and enriching our vibrant I&T ecosystem through various value-added services,” Wong said.

“While we have just announced our resources deployment plan to accelerate the I&T development in Hong Kong, this MoU comes at the right time – exemplifying our efforts in providing deeper and broader services for start-ups through partnerships with leading enterprises.”

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