• About
  • Subscribe
  • Contact
Wednesday, May 7, 2025
    Login
  • Management Leadership
    • Growth Strategies
    • Finance
    • Operations
    • Sales and Marketing
    • Careers
  • Technology
    • Infrastructure and Platforms
    • Business Applications and Databases
    • Big Data, Analytics and Intelligence
    • Security
  • Industry Verticals
    • Finance and Insurance
    • Manufacturing
    • Logistics and Transportation
    • Retail and Wholesale
    • Hospitality and Tourism
    • Government and Public Services
    • Utilities
    • Media and Telecommunications
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
No Result
View All Result
  • Management Leadership
    • Growth Strategies
    • Finance
    • Operations
    • Sales and Marketing
    • Careers
  • Technology
    • Infrastructure and Platforms
    • Business Applications and Databases
    • Big Data, Analytics and Intelligence
    • Security
  • Industry Verticals
    • Finance and Insurance
    • Manufacturing
    • Logistics and Transportation
    • Retail and Wholesale
    • Hospitality and Tourism
    • Government and Public Services
    • Utilities
    • Media and Telecommunications
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
No Result
View All Result
No Result
View All Result
Home Technology Big Data, Analytics & Intelligence

Merck and HKSTP forge biotech and digital health pact

Gigi Onag by Gigi Onag
September 21, 2022
(Left to right – front row) Albert Wong, CEO of HKSTP and  Boon Huey Ee, Managing Director of Merck HK signed the co-incubation agreement to accelerate the growth of biotech startups in the city. Witnessing the signing ceremony were Stefanie Seedig, German Consulate General to Hong Kong and Macau (back row, centre); Eddie Mak, Permanent Secretary for Innovation, Technology and Industry (back row, second left); Dr. Sunny Chai, Chairman of HKSTP (back row, left); Liz Henderson, Regional Vice President, APAC, Merck (back row, second right); and Prof. Thomas Herget, Head of Merck Innovation Hub (back row, right).

(Left to right – front row) Albert Wong, CEO of HKSTP and Boon Huey Ee, Managing Director of Merck HK signed the co-incubation agreement to accelerate the growth of biotech startups in the city. Witnessing the signing ceremony were Stefanie Seedig, German Consulate General to Hong Kong and Macau (back row, centre); Eddie Mak, Permanent Secretary for Innovation, Technology and Industry (back row, second left); Dr. Sunny Chai, Chairman of HKSTP (back row, left); Liz Henderson, Regional Vice President, APAC, Merck (back row, second right); and Prof. Thomas Herget, Head of Merck Innovation Hub (back row, right).

Merck makes its first co-incubation programme in Hong Kong through a partnership with the Hong Kong Science and Technology Parks Corporation (HKSTP) to accelerate the development of digital health solutions, including digital therapeutics, digital wearable devices and AI drug discovery and development, to address unmet medical needs.

With increasing demand from patients, healthcare service providers and other stakeholders to digitalise the patient journey, HKSTP and Merck will collaborate to open up new R&D opportunities for startups.

The partnership is expected to boost the city’s position as a biotech hub.

“Hong Kong has boundless potential and innovative capacities, and the innovations in digital health are reshaping future healthcare. Through various support, mentorship initiatives and co-incubation programs, we are keen to promote and nurture the best start-up companies that augment the landscape of digital health solutions in the country,” said  Boonhuey Ee, managing director of Merck Hong Kong. “We look forward to witnessing exciting ideas spring from this programme, ones that will benefit patients in need and make a positive impact on the wider community.”

Merck, a leading science, and technology company, operates across healthcare, life science and electronics. It has approximately 60,000 employees in 66 countries, working on various areas from advancing gene editing technologies and discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices.

Rapid commercialisation of digital health products

The three-year collaboration between the two organisations hopes to pave the way for startups around the globe 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 will 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.

“HKSTP and Merck share the same vision of impacting life and health with science and technology, we aim to get together world-class scientists, entrepreneurs and game changers to innovate for good. This partnership provides an ideal environment to co-incubate ground-breaking ideas from research to market-ready solutions and impactful innovation, while fulfilling the vision of transforming Hong Kong into a global biotech hub,” said Albert Wong, CEO at HKSTP.

Supported by the thriving biotech ecosystem in Hong Kong and the city’s status as the second largest biotech fundraising hub in the world, the co-incubation partnership operates under the HKSTP’s existing Incu-Bio programme which provides startups with direct funding of up to HK$6M, investment opportunities, connections to HKSTP’s biomedical cluster and lab facilities to bring ideation to commericalisation.

This is all directed under HKSTP’s Institute for Translational Research (ITR) which is an ecosystem-wide platform dedicated to driving transformation in healthcare, by accelerating the whole process of turning biomedical research into impactful innovation.

The current partnership also provides potential for HKSTP and Merck to explore further collaboration on additional scopes such as smart manufacturing and electronics.

Related:  AI can predict spike of COVID cases in hospitals
Tags: biotechdigital healthHong KongHong Kong Science and Technology Parks Corporation (HKSTP)Merckstartups
Gigi Onag

Gigi Onag

Gigi has more than 15 years of experience in technology journalism, covering various aspects of enterprise IT and telecommunications from both business and technology perspective. Before joining CXOCIETY as editor for FutureIoT in July 2019, she was assistant editor of ComputerWorld Hong Kong. Based in Hong Kong, she started with regional IT publications under CMP Asia (now Informa), including Asia Computer Weekly, Intelligent Enterprise Asia and Network Computing Asia and Teledotcom Asia. She had contributed articles to South China Morning Post, TechTarget and PC Market among others.

No Result
View All Result

Recent Posts

  • Agentic AI-powered AppSec platform launched for the AI era
  • IDC forecasts GenAI alone will grow at a 59.2% CAGR
  • Dataiku brings new AI capabilities to create and control AI agents
  • Microsoft reveals the rise of a new kind of organisation in the AI era
  • St Luke’s ElderCare enhances data security and user experience with Juniper

Live Poll

Categories

  • Big Data, Analytics & Intelligence
  • Business Applications & Databases
  • Business-IT Alignment
  • Careers
  • Case Studies
  • CISO
  • CISO strategies
  • Cloud, Virtualization, Operating Environments and Middleware
  • Computer, Storage, Networks, Connectivity
  • Corporate Social Responsibility
  • Customer Experience / Engagement
  • Cyber risk management
  • Cyberattacks and data breaches
  • Cybersecurity careers
  • Cybersecurity operations
  • Education
  • Education
  • Finance
  • Finance & Insurance
  • FutureCISO
  • General
  • Governance, Risk and Compliance
  • Government and Public Services
  • Growth Strategies
  • Hospitality & Tourism
  • HR, education and Training
  • Industry Verticals
  • Infrastructure & Platforms
  • Insider threats
  • Latest Stories
  • Logistics & Transportation
  • Management Leadership
  • Manufacturing
  • Media and Telecommunications
  • News Stories
  • Operations
  • Opinion
  • Opinions
  • People
  • Process
  • Remote work
  • Retail & Wholesale
  • Sales & Marketing
  • Security
  • Tactics and Strategies
  • Technology
  • Utilities
  • Videos
  • Vulnerabilities and threats
  • White Papers

Strategic Insights for Chief Information Officers

FutureCIO is about enabling the CIO, his team, the leadership and the enterprise through shared expertise, know-how and experience - through a community of shared interests and goals. It is also about discovering unknown best practices that will help realize new business models.

Quick Links

  • Videos
  • Resources
  • Subscribe
  • Contact

Cxociety Media Brands

  • FutureIoT
  • FutureCFO
  • FutureCIO

Categories

  • Privacy Policy
  • Terms of Use
  • Cookie Policy

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Login to your account below

or

Not a member yet? Register here

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Management Leadership
    • Growth Strategies
    • Finance
    • Operations
    • Sales and Marketing
    • Careers
  • Technology
    • Infrastructure and Platforms
    • Business Applications and Databases
    • Big Data, Analytics and Intelligence
    • Security
  • Industry Verticals
    • Finance and Insurance
    • Manufacturing
    • Logistics and Transportation
    • Retail and Wholesale
    • Hospitality and Tourism
    • Government and Public Services
    • Utilities
    • Media and Telecommunications
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
Login

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Subscribe