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Business of IP Asia Forum open today
IPHatch contest launches; experts talk on IP and sustainability

BriefingWire.com, 12/02/2021 - Jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR), the Hong Kong Trade Development Council (HKTDC) and Hong Kong Design Centre, the 11th Business of IP Asia (BIP Asia) Forum kicked off today. With the theme "Unleashing Innovation for Sustainability and Growth", the two-day online forum brings together more than 70 intellectual property (IP) professionals and business leaders from across the globe to discuss the latest developments in the IP world. Officiating and delivering remarks at this morning's Opening Session were Carrie Lam, Chief Executive of the HKSAR; Shen Changyu, Commissioner of China National Intellectual Property Administration; and Daren Tang, Director General of the World Intellectual Property Organization.

Welcoming participants to the event, Margaret Fong, Executive Director of the HKTDC, said: "With the world still hard at work managing the COVID-19 pandemic, the subject of sustainable growth and resilience to global challenges is of utmost importance to entrepreneurs. Therefore, the theme for this year's forum is 'Unleashing Innovation for Sustainability and Growth', through which we will explore how IP and innovation can help businesses and economies meet their sustainability goals, drive strategic, sustainable development, facilitate cross-sector convergence and shape new values."

Ms Fong added that Hong Kong is an ideal platform for connecting IP activities in Asia to international markets through its expertise in IP trading, financing, commercialisation, licensing and technology transfer and other strengths. These include an internationally respected dispute resolution framework, robust IP protection regime, strong IP support services and comprehensive financial services.

IPHatch Hong Kong open innovation competition returns

The BIP Asia Forum is connecting local start-ups and multinational corporations to promote collaboration and convert ready-made patents into new business opportunities through the fourth edition of IPHatch Hong Kong, the well-received open innovation competition. The competition has incubated more than 30 Hong Kong start-ups over the past three years by offering them patented technology portfolios from renowned multinational corporations. Details of the latest contest were announced during the forum this afternoon.

The launch session focused on sustainable innovation, with representatives from renowned venture capital funds providing insights into the impact of sustainability on investment trends. Speakers included Andrew Young, Associate Director (Innovation) at Sino Group; Jason Loh, Founder and CEO of Piece Future; Jenni Risku, Impact Partner of Click Venture; Kevin Brisebois, Director of Innovation and Partnership at Brinc; and Priscilla Yeung, Director of Commercialisation at ASTRI. Previous winners of the contest also shared their entrepreneur stories and experiences in adopting existing patented technologies in various business areas to accelerate IP commodification. Representatives at the launch session included:

- Alexander Ying, Founder of DRESIO

DRESIO got the patent assignment on innovative cloud computing architecture technology from Nokia to elevate the integration of computer vision with sports science, helping users to improve personalised sport suggestions and enrich interactive media content.

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