Hong Kong Science Park wins Incubator of the Year
AABI: The world looks to Asia as the next I&T hub
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While Silicon Valley, the heart of the US tech industry, is associated with innovation and entrepreneurship, it is not the one and only part of the world delivering disruptive technologies and solutions. There is another thriving, vibrant innovation and technology ecosystem in the other part of the world – the Asia and the Pacific region. Home to 60 per cent of the world's population, the Asia-Pacific region is a natural hotbed for innovation, having its own tech sector on the rise with vast opportunities for tech-savvy population.
“The Asian market for I&T is rapidly developing,” Phillip Kemp, Vice President of the Asian Association of Business Incubation (AABI) said. “The world used to have Silicon Valley as the centre where people learnt and engaged with I&T. But, Asia has been working up to develop a start-up ecosystem of its own, meaning that it no longer has to look to Silicon Valley for inspiration as we did in the past.”
“Hong Kong, undoubtedly, is on the rise and so are Taiwan, Singapore, Manila and Bangkok and so on – each has been investing ample resources in the development of I&T. This is a time of diversity and blossom,” Kemp continued.
Established in 2002, AABI is an international organisation that focuses on building an incubation industry ecosystem in the Asia-Pacific region. Comprising 23 Association Members and 37 Incubator Members from 19 countries and regions, the non-profit organisation holds events, competitions, investor pitches and forums for its members across the network.
“Asia is a culturally and economically diverse region – each place varies from one to another with its own cultures and characters while making their needs met,” Professor Huang Chingyao, President of AABI, said. “AABI serves as a platform with a view to promoting business incubation activities so as to encourage core incubation business between different Asian incubators and support Asian-based technology companies and SMEs to innovate and thrive internationally.”
