Chinese University spin-off company headed by ex-monetary authority chief set up to help commercialise research breakthroughs
- CUHK Innovation has already started to identify technologies developed by the university that show commercial potential
- Company set up to bridge gap between industry and academia and generate money that can be pumped back into university
A former chief executive of the Hong Kong Monetary Authority has co-founded a subsidiary organised by Chinese University (CUHK) to help find practical uses for research innovations, the Post has learned.
Norman Chan Tak-lam is chairman of CUHK Innovation and the limited company has already started to identify technology developed by university academics that show potential for commercial use, sources said.
“The creation of such a platform was inspired by successful examples in other elite schools,” a senior CUHK source, who asked not to be named, explained.
“The similar pain point we shared was the lack of connectivity between industry and academia. Chan’s veteran banking, government and academic experience made him a perfect candidate to spearhead the effort.”
CUHK Innovation, set up last December, will be officially launched in September.