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How do we capture and leverage innovation as the engine for change? Charles Mok Legislative Councillor (IT) DBS BusinessClass 6th April, 2017

How do we capture and leverage innovation as the engine for change?

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Page 1: How do we capture and leverage innovation as the engine for change?

How do we capture and leverageinnovation as the engine for change?Charles MokLegislative Councillor (IT)DBS BusinessClass 6th April, 2017

Page 2: How do we capture and leverage innovation as the engine for change?

The future of business will be built on innovation.

Page 3: How do we capture and leverage innovation as the engine for change?

Business growth» Adopt new

technology» Find new ways of

doing business» Find new markets

Page 4: How do we capture and leverage innovation as the engine for change?

Startups and SMEs have an advantage over larger competitors because you can react quickly to changes.

Flexibility and efficiency is your edge.

Page 5: How do we capture and leverage innovation as the engine for change?

Disruptive Technology is changing business Big Data analyticsMobile and Cloud solutionsFintech and RegtechCybersecurity solutions

Page 6: How do we capture and leverage innovation as the engine for change?

Even the most potent insights are valueless if your business is not agile enough to act on them timely.

It’s never too soon for small business to start thinking big.

Page 7: How do we capture and leverage innovation as the engine for change?

“20% idea, 80% execution -

Day-to-day operation matters”

Page 8: How do we capture and leverage innovation as the engine for change?

Stay productive on the move» allow remote work, automation

data collection and data processing for audit purpose

» Smooth collaboration between employees, partners, suppliers, and customers

Page 9: How do we capture and leverage innovation as the engine for change?

Repetitive or routine tasks can be replaced by automation,employees will be able to spend more time on problem-solving, creativity and relationship-based persuasion.

Page 10: How do we capture and leverage innovation as the engine for change?

Law firms are using high-tech services to aid their work:

Using a merger analysis platform provide a detailed analysis of the key risk in mergers and acquisitions deals for their antitrust and competition lawyers within hours.

Page 11: How do we capture and leverage innovation as the engine for change?

» Best ICT startup gold award 2017 Provides an electronic healthcare record platform to simplify and facilitate personal healthcare information management among patients, healthcare service providers and insurance companies.

Page 12: How do we capture and leverage innovation as the engine for change?

Improved efficiency, better services

» consult tech experts and design solutionsfor your company

» deliver fast and knowledgeable service

Page 13: How do we capture and leverage innovation as the engine for change?

TVP - designed to help your company

boost productivity

Page 14: How do we capture and leverage innovation as the engine for change?

Can I apply?» registered in Hong Kong under

the Business Registration Ordinance (BRO)

» at least one year of substantive business operation in Hong Kong

» non-manufacturing businesses: < 50 employees

Page 15: How do we capture and leverage innovation as the engine for change?

What can I get?» Funding up to $200,000 on a 2:1

matching basis» For technological services and

solutions to improve productivity, or upgrade or transform the business processes

» 3 Tech projects maximum

Page 16: How do we capture and leverage innovation as the engine for change?

What can I use the fund for?

» Technology consultancy

» Purchase and rental of customised or readily available equipment, software and technological services or solutions

» Including subscription-based solutions and services (e.g. cloud based services)

» A maximum audit fee of $3,000

Page 17: How do we capture and leverage innovation as the engine for change?

Solutions covered

» Appointment scheduling and queue management system

» Big data and cloud-based analytics solution» Clinic management system» Cyber security solution» Document management and mobile access

system» Electronic procurement management

system» Customers and membership analysis and

management system» Human resources management system» Quick response management (QRM) systemAnd more...

Page 18: How do we capture and leverage innovation as the engine for change?

Applicationhttps://tvp.itf.gov.hk/Open throughout the year

Page 19: How do we capture and leverage innovation as the engine for change?

Thank you!

Charles Mok莫乃光 [email protected]