THE HONG KONG University of Science and Technology (HKUST) School of Business and Management is well positioned geographically and intellectually to further develop as a centre of knowledge in entrepreneurship. Professor K. C. Chan, dean of the school, said its dynamic interdisciplinary capabilities made a significant contribution to Hong Kong's business and social community. He said through activities such as the International Business Plan Competition, the school planned to attract more scholars and practitioners who were interested in entrepreneurship. 'There are major benefits to our students, too, as we work together to build this into yet another area of excellence for our school and business education in Asia,' Professor Chan said. Members of the faculty are recruited globally; many have previously taught at top business schools in other parts of the world. They are attracted to HKUST because of its excellent research and teaching environment. The programmes on offer range from undergraduate to PhD levels and are developed in keeping with the world-class quality and aspirations of the school itself. For seasoned executives, there is a range of executive education programmes. An Executive MBA programme is offered in partnership with the Kellogg School of Management of Northwestern University in Chicago. There are also many forms of collaboration between the school and other international business schools. Professor Chan said collaboration went hand in hand with research and teaching. The breadth and depth of the research they conducted helped create a competitive advantage for students, business and the economy. He said HKUST had a strong innovation and technology base that supported a tradition of nurturing entrepreneurship by providing facilities and encouraging cross-disciplinary collaboration between different schools. 'In recent years, we have seen a number of successful cases where the science faculty worked with business faculty to bring their innovations to the market. We see this as an ongoing development,' Professor Chan said. Entrepreneurship is a cornerstone of Hong Kong's economy. It is at the heart of small business and has helped the city establish and maintain its competitive advantage. Professor Chan said events such as the International Business Plan Competition created productive learning experiences for students. 'First, they work on a real product, often an innovative one, with a view to starting a real business,' he said. 'This provides a drive for them to bring out and apply the practicalities of the business knowledge that they have acquired in an integrated manner, including finance, accounting, and marketing.' Since participating teams come from different parts of the world, all students who take part are able to learn and benefit from close interaction with their international peers.