News & Stories

The Hong Kong University of Science and Technology (HKUST), Hong Kong Investment Corporation Limited (HKIC), and Gobi Partners (Gobi) today announced the launch of a new strategic fund focused on early-stage start-ups incubated at the University. The Gobi-Redbird Innovation Fund (Gobi-RIF) aims to propel university-born technologies into global markets, bridging cutting-edge academic discoveries with industry-driven scalability to deliver transformative solutions worldwide.

The Hong Kong University of Science and Technology (HKUST) and Sino Group successfully concluded the Hong Kong finale of the "HKUST-SINO One Million Dollar Entrepreneurship Competition 2025" today at the HKUST Clear Water Bay campus. Celebrating its 15th anniversary, the competition this year attracted 348 teams from around the world to compete for awards and exchange innovative ideas to develop practical solutions for a sustainable future. The team Stellerus Technology Limited claimed the top Platinum Award for their Feilian Constellation.The award presentation ceremony was officiated by Deputy Chief Executive Officer Mr. David NG from Sino Group, with HKUST President Prof. Nancy IP and HKUST Vice-President for Research and Development Prof. Tim CHENG in attendance. Finalist teams presented their pioneering projects to a distinguished audience of industry partners, investors, and academic leaders.

The Hong Kong University of Science and Technology (HKUST) and Sino Group today announced the official launch of the finals for the 15th HKUST-SINO One Million Dollar Entrepreneurship Competition. This milestone anniversary features a record-breaking 348 teams from Hong Kong and 22 other countries and regions across five continents, including Australia, the United States, South Africa, the United Kingdom, Japan, India and Kazakhstan, showcasing the competition’s commitment to nurturing the next generation of innovative talents and promote collaboration and idea exchanges between local and international entrepreneurs.

The Hong Kong University of Science and Technology (HKUST) today extended its warmest congratulations to the nation and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) for the exceptional performance in the World Intellectual Property Organization (WIPO) 2025 Global Innovation Index (GII). The "Shenzhen-Hong Kong-Guangzhou" cluster has been ranked the 1st largest innovation cluster in the Global Innovation Index 2025 top 100 ranking, ascending from its previous position and marking a historic achievement. This rise to the top is underscored by exceptional performance metrics, with the cluster filing 2,292 Patent Cooperation Treaty (PCT) applications, publishing 3,775 scientific articles, and securing 135 venture capital deals—all per 1 million inhabitants over the past five years. This data reflects the cluster’s unparalleled growth and dynamic capacity for world-leading innovation.

“HKUST-Sino One Million Dollar Entrepreneurship Competition 2025”, jointly organized by The Hong Kong University of Science and Technology (HKUST) and Sino Group, is now open for applications. Marking its 15th anniversary, this year’s competition offers a prize pool of over HK$1 million to empower winning teams in establishing or scaling their ventures. New additions include AI Workshops, which will feature expert-led sessions on machine learning, data analysis, and AI integration, equipping participants with cutting-edge skills to drive social innovation while fostering a vibrant innovation and technology (I&T) ecosystem in Hong Kong.

Standing at the intersection of technology and healthcare, the three visionary HKUST alumni—Dr. Kyle WONG, Dr. Nick CHIN, and Teric CHAN—never underestimate the power of their school-day dreams to safeguard the health of their fellow citizens. With unwavering dedication and innovative spirit, they have poured their hearts and souls into their inventions over the past five years, ultimately giving rise to the world’s first mobile app for contactless pulse rate measurement cleared by the US Food and Drug Administration in 2024. That same year, Kyle and Teric were named on Forbes 30 Under 30 Asia list in the healthcare and science category, gaining global recognition as rising entrepreneurs.

 For centuries, the spirit of innovation has been at the very heart of human civilization and modernization. In the modern age of artificial intelligence (AI), this spirit fundamentally reshapes our lives with groundbreaking products and services, such as digital banks that bring immense convenience and personalization in our financial routines.

The Hong Kong University of Science and Technology (HKUST) and Sino Group are committed to nurturing the next generation of innovative talents. The "HKUST-SINO One Million Dollar Entrepreneurship Competition 2024“, organised by HKUST and Sino Group, aims to empower young individuals with entrepreneurial aspirations to turn their ideas into reality. This platform enables future entrepreneurs to develop innovative solutions that contribute to sustainability and global advancement. A record-breaking 340 teams from Hong Kong and around the world participated in this year’s competition, with a new track introduced for overseas university students. This initiative promotes collaboration and the exchange of ideas between local and international universities.