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Hong Kong’s Biomedical Technology Ecosystem George Tee Chief Technology Officer Hong Kong Science and Technology Parks Corpora<on January 2019

HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

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Page 1: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

Hong  Kong’s  Biomedical  Technology  Ecosystem  

George  Tee Chief  Technology  Officer Hong  Kong  Science  and  Technology  Parks  Corpora<on  

January  2019

Page 2: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

Hong  Kong  Science  Park:    Innova<on,  Technology,  Entrepreneurship

Page 3: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

Hong  Kong  Science  Park:    Innova<on,  Technology,  Entrepreneurship

330,000  m2     R&D  Office  Space

Officially  opened  in    2002

700  Tech  Enterprises  

11,000  working  popula<on

Leading  Technology  Incubator  in  town  with  

240  

start-­‐ups  in  programmes

22  Na<onali<es  of   Park  Companies

Hong  Kong’s    I&T  hub  together  

with  InnoCentre  and  Industrial  Estates

Page 4: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

Sha7n   Kowloon  Tong Taipo   Yuen  Long  

Tseung  Kwan  O

Science  Park  Research  &    Development  

Industrial    Estates  

Manufacturing  

InnoCentre  Design  &  Fintech  

*Updated  in  December  2018

Page 5: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

Innova<on  as  the  Backbone  –  Key  Technology  Focus  

Healthcare  Technologies

Smart  Ci<es

FinTech

Ar<ficial  Intelligence  &  

Robo<cs

HKSTP’s  Technology  Clusters  Technology  Focus  Areas  

Biomedical  Technology

Material  &  Precision  

Engineering

Green   Technology

Informa<on  &  Communica<on  Technology  (ICT)

Electronics

Page 6: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

HKSTP Key Achievements – 17 Years, and 2018

*Updated  in  September  2018

1st     Unicorn

Successfully  built  partnerships  with   60  corpora<ons:   Airport  Authority,  CLP,  Maxim’s,  Ocean  Park,  New  World,  HKT,  Hutchison,  HKJC,  MTR

Companies  expanded  into  China,  regional  and  globally,  with  HKSTP’s  support

Investment  Raised…FY17/18

Fund  raised  for  all   Park  companies $153  M  USD 6X Fund  raised  for  incubatees  and  graduates  in  

17/18  compared  to  16/17

577 Graduated  from  Incuba<on  Programmes  since  incep<on 440 S<ll  in  

Business 4 Completed  IPOs  

Incuba<on  –  Incu-­‐App,  Incu-­‐Tech,  Incu-­‐Bio…so  far

Page 7: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

ITF

 Partner  Companies  

 

Universities

Private Equity / Venture Capital

Strategic Corporate Partners

Research Institutes

Government  &      Industry  Associa=ons  

Business  matching    

Sponsored  accelera=on  programs  

Funding  /  Investment  

Talent    Technologies  Transfer  

Sharing  Facili=es  

Standards,  advocacy  &  influence    in  regula=ons  and  adop=on  

HKSTP  –  a  plaHorm  for  Innova=on  &  Technology  Ecosystem

Page 8: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

Biomedical Technology Cluster @HKSTP

Ø  110+  Partner  Companies  and  Incubatees  Ø  1,000+  researchers  from  12  countries  

Others  

Diagnos7cs  

Medical  Devices  

Pharmaceu7cs  

Stem  Cell  &  Regenera7ve  Medicine  

Tradi7onal  Chinese  Medicine  

Sub-­‐cluster  Distribu7on    (Partner  Companies)  

Partner Companies

and Incubatees

Diagnos7cs   Medical  Devices  

Pharmaceu7cs  

Tradi7onal  Chinese  Medicine   Stem  Cell  &  Regenera7ve  Medicine  

Others  

Page 9: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

《2018/2019  Government  Budget》  Focus  on  Innova7on  &  Technology

Bio  Tech   A.I.  &  Robo7cs  

Smart  City   Fintech  

USD  6.4  Billion  

Page 10: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

《2018/2019  Government  Budget》  Focus  on  Innova7on  &  Technology

First  phase  of  the  HK-­‐SZ  Innova7on  and  Technology  Park  in  the  Lok  Ma  Chau  Loop  

§  CyberPort  §  Technology  Talent  Scheme  

§  Postdoctoral  Hub  

§  Healthcare  Technologies  

 §  A.I.  &  Robo=cs  

•  Research-­‐related  Infrastructure  and  Facili<es

•  Strengthened  support  measures  for  Park  companies

§  Innova=on  and  Technology  Fund  (ITF)  

2.55B HK SZ

I&T Park

1.28B ITF

63.9M Talents

1.28B Science

Park

1.28B Two

Research Clusters

38.3M CyberPort

USD 6.4+ Billion

Bio  Tech   A.I.  &  Robo7cs  

Smart  City   Fintech  

Figures  in  USD  

Page 11: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

 Future  Development  –  USD  1.28B  Funding  

   Item  

Es7mated  Cost  (USD$  million)  

1   Expansion  of  Incuba=on  Programmes   307  

2   Support  for  Tenants   383  

3   Accommoda=on  Support   12  

4   Expansion  of  CVF   64  

5   Smart  Campus     38  

6   Ancillary  Facili=es   69  

7   Provision  of  lab  spaces  for  healthcare  and  AI  and  robo=cs  technologies  researches  

59  

8   Facili=es  for  healthcare,  AI  and  robo=cs  technologies  researches

345  

    TOTAL: 1277  

Three  Focus  Areas:  

•  Strengthen  support  for  local  and  overseas  start-­‐ups  and  technology  companies  and  a`ract  them  to  join  the  ecosystem  

•  Provide  a  full  range  of  value-­‐added  services,  including  fund  raising  and  go-­‐to-­‐market  support,  etc.    

•  Enhance  and  set  up  exis=ng  and  new  research  and  development  facili=es  to  meet  market  and  industry  needs  

Page 12: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

•  4-­‐year  program  •  All  rounded  support  •  USD  510K  +  255K  subsidy  Professional  

 Coaching    

Fund-­‐raising  &  Financial  support  

Shared  Equipment  &  Facili=es  

Talents  

Objec7ves      

•  Growth  :  Offering  1-­‐stop  biomedical  technology  focused  services  to  startups    

•  Commercializa7on:  Assis=ng  transla=on  of  research,  tapping  into  the  Asian/Chinese  market  

•  Financial    Sustainability  :  Providing  capital  (subsidy,  investment)  to  support  startups  through  the  “Valley  of  Death”  

Professional    Services    

Regulatory  Support  

Incu-Bio Program

BMT  Ecosystem  /  Industry  

Page 13: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

Talent  Acquisi<on  Support

Max.  monthly  allowance:      ~USD  $2,400  

Max.  monthly  allowance:      ~USD  $4,000  

Bachelor  /  Master  degree  from  local  university    

Doctoral  degree  from  local  university  or  well-­‐recognised  non-­‐local  

ins7tu7on  

Internship Programme

Postdoctoral Hub

•  Postdoctoral  Hub  Programme  (PH-­‐SPC)  under  Technology  Talent  Scheme  (NEW)  

•  Internship  Programme  (IP-­‐SPC)    •  Technology  Talent  Admission  Scheme  

(TechTAS)  

HKSP  Incubatees  and  Partner  Companies  

Max.  2  interns  +  2  postdocs  at  any  

one  7me  (Max.  24  mnths)  

Page 14: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

Deal Flows Transaction Support Over 600 Companies

Tenants Global Acceleration Academy

LEAP Universities

Research Institute Co-working Spaces

Multi-Channel Fundraising

HKSTP network HKBAN VIAHK

天使匯中國⻘青年天使會

Roadshow, Matching, Events, Community

Comprehensive Advisory

HKSTP Investment Team Professional Clinic

Lawyers, CPAs, IP Specialists Marketing Consultants etc.

Training, Coaching, Consulting

HKSTP Investment Service Platform

Investment Raised…FY17/18 USD 153m

Page 15: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

USD 86.0m USD 6.4m is Committed by CVF

:

HKSTP Corporate Venture Funds

is Raised

Fund  I  

Fund  II   USD 25.0m Additional fund to invest into startups in HKSTP

A co-investment fund focusing on Seed to Series A investment in HKSTP companies

Biomedical Technology (BMT)

Information & Communication

Technology (ICT) Electronics

Material & Precision Engineering

Green Technology

1 13.4

Others   USD 40+m Other investment modes to support the ecosystem

Page 16: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

Labs and Services Support Biomedical  Technology  Support  Centre  (BSC)  

•  Area:  8,900  sq.i.    •  Nature:  co-­‐working  space  •  23  offices  ranging  from  100-­‐150  sq.i.  •  20  floa=ng  desks  •  Product  prototype  tes=ng  room  (~800  sq.i.)  •  15  companies  moved  in  (70-­‐80%  occupancy  rate)    

Healthcare  Devices  Innova7on  Hub  (HDIH)  

•  Area:  8,700  sq.i.    •  Nature:  communal  lab  •  80+  pieces  of  ready-­‐to-­‐use  life  science  instruments  for  shared  

R&D  use  •  Culture  Room,  Freeze  Dryer  Room,  Mass  Spectrometry  Lab,  

Microscope  Room,  Genomics  Lab,  Proteomics  Lab,  Bioanalysis  Lab,  Microbiology  Lab  …  

Page 17: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

Translational Research Facilities

GLP    Biosamples  repository    Support  biomarker  discovery  and  efficacy  analyses    

Secured  and  centralized  Data  plaHorm  for  R&D    Data  management,  analy=cs,  sharing          

GMP    Facility  for  drug  materials  (Biologics  &  Cell  processing)    Provide  GMP  drug  quality  assessment  for  every  stage  of  clinical  trials    Device  standard  cer=fica=on  facility      

Bench  Transla'onal  Research  Bedside  

Biobank   Biomedical  Informa7cs   Drug  Safety  Center   Pilot  Batch  /    

Device  Tes7ng  

GLP    Drug  Safety  Center  for  drug  efficacy    Provide  GLP  in  vitro  and  in  vivo  drug  safety  and  toxicology  assessment    

Page 18: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

Medical  database  and  informa7on  exchange  

Globally  recognized  clinical  trial  centers    

Unique  pa7ent  profiles  and  pathologies  

Capitalize  These  Advantages  in  Biomedical  Technology  in  Hong  Kong

Pre-­‐revenue  IPO  for  Biotech  chapter  

•  Incubators    

Golden  Opportunity  for:    

•  Investors  

•  Industry  Partners  

•  Startups/Companies  

•  Ins'tutes  

•  Talents  

Page 19: HongKong’sBiomedicalTechnologyEcosystem% · HKSTP Corporate Venture Funds is Raised Fund(I Fund(II USD 25.0m Additional fund to invest into startups in HKSTP A co-investment fund

Thank you