A healthy innovation ecosystem fosters green technology transfer

Governments, industry and universities need to work together to bring impactful inventions to market

Stakeholders from government, industry and academia must work together to foster an effective innovation ecosystem, panelists said at a session on inclusive sustainability at the 2024 World Conference on Sustainable Development in Bangkok. The panel, held in collaboration with the City University of Hong Kong (CityUHK), brought together academics and entrepreneurs to discuss how Hong Kong has established itself as a research-intensive innovation hub.

“Facilitating impactful technology transfer requires universities to collaborate with industry and government, said Angus Yip Hin Lap, professor in the university's School of Materials Science and Engineering and School of Energy and Environment, and deputy director of the Hong Kong Clean Energy Institute. CityUHK provides a great ecosystem to foster technology transfer and encourage faculty and students to turn their innovative ideas into real products.”

“Universities are very research-focused, but we hope that our faculty’s research prototypes can be applied to commercial products and not just paper publications on bookshelves,” says Edwin Tso-Chiang, Associate Dean for Internationalisation and Outreach and Associate Professor in the School of Energy and Environment at City University of Hong Kong.

The Hong Kong Clean Energy Institute specifically focuses on clean energy research to generate knowledge and serve as a platform for start-ups and technology commercialization. The institute has many professors from different disciplines who work together to develop new energy solutions, Yip said. The institute investigates and advises the government on energy generation, energy storage, energy conservation, energy distribution and energy policy.

Tso also targeted investors, saying they are welcome to invest in faculty projects, noting that the Hong Kong government has a number of funding schemes to encourage investment and entrepreneurship. For every US$1 an investor puts in, the Hong Kong government will match it, he said.

CityUHK postdoctoral student Martin Zhu Yihao is co-founder of i2Cool, a technology start-up spun out from research developed at the university. The company has developed a patented passive radiative cooling paint that can be used to save energy. The technology cools buildings without the need for electricity, reducing carbon emissions and reliance on air conditioning.

The startup was incubated by HK Tech 300, an innovation and entrepreneurship training program by CityUHK. Initially, we were all scientists. We didn't know anything about commercialization, promotion or marketing, Zhu explained. But through the program, we connected with mentors in the market and learned from them how to run a business. Now, the technology is being used in various sectors around the world, from logistics to car manufacturers, he said.

Luo Yiping, secretary-general of the Greater Bay Area Carbon Neutral Association, said green finance is not charity but a good business model. The Greater Bay Area consists of nine cities and two special administrative regions in South China, and Luo has played an active role in connecting green finance and green technology.

But a major obstacle to the spread of green technologies in the Guangdong-Hong Kong-Macao Greater Bay Area is policy, says Gary Yong Man-yu, chairman of the Smart Cities Consortium. “Each city is like a tier, it has its own technology and regional policies. To cluster, we need to consider not only technology, but also logistics flows, capital flows and information flows.”

panel:

Yee Ping Law, Secretary General, Greater Bay Area Carbon Neutral Association Minming Li, Associate Dean for Undergraduate Education and Professor, Department of Computer Science, Faculty of Engineering, City University of Hong Kong Edwin Tso Chi-Yan, Associate Dean for Internationalisation and Outreach and Associate Professor, School of Energy and Environment, City University of Hong Kong Gary Yeung Man-Yui, Chairman, Smart City Consortium Angus Yip Hin-Lap, Professor, School of Materials Science and Engineering and School of Energy and Environment, City University of Hong Kong and Associate Director, Hong Kong Clean Energy Institute Martin Zhu, Co-founder of i2Cool and PhD graduate, City University of Hong Kong

Find out more about City University of Hong Kong.

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