, Hong Kong
389 views

HKSTP, Merck launch incubation programme for biomedical tech startups

The collaboration will last three years.

The Hong Kong Science and Technology Parks Corporation (HKSTP) has partnered with pharmaceutical firm Merck to launch a co-incubation programme aimed at accelerating the growth of biomedical tech startups engaged in digital health solutions.

HKSTP and Merch will open up new research & development opportunities for startups, with the goal of bringing “innovative digital solutions including but not limited to digital therapeutics, digital wearable device and AI drug discovery and development, to address unmet medical needs,” according to a joint press announcement.

The collaboration will last three years and is expected to pave the way for startups to rapidly commercialise digital health products by leveraging the full capacity of HKSTP’s ecosystem and Merck’s extensive investor and strategic partner network.

Merck said that it will also provide deep industry insight and help connect promising startups to Merck’s Innovation Hub strategic partners and business units to explore market opportunities in emerging markets.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Hong Kong's independent director caps face opposition
About 1,500 lingering and 23 overboarding INEDS in 810 and 181 firms are in the spotlight.
Markets
AIA offers welcoming, campus-inspired workplace
The insurance group’s headquarters in Hong Kong has an indoor track, gym and sports hall.
Insurance
Startup Surge Motion eyes US expansion 
The company is pioneering a technology in fall prevention for the elderly.
OKOSIX eyes $5m funding to increase reach
The green-tech startup will use the funds to apply for global patents and scale production.