Hong Kong tech hub progress ‘significant’, Dalton Venture’s Steve Sun says
City’s measures to retain research talent and encourage the commercialisation of research results ‘gradually taking effect’, venture capitalist says
Hong Kong has made “significant” progress in its bid to transform itself into a technology hub, according to a Chinese venture capital investor, whose firm was recently selected by the city to invest in local start-ups under a HK$2 billion (US$250 million) government initiative.
“You can see fundamental, significant changes are indeed taking place,” said Steve Sun, founding managing partner of Dalton Venture, in an interview on Thursday. “I believe that over the next decade, Hong Kong can replicate the innovation and technology ecosystem we see in Shanghai.”
The Hong Kong government’s measures to retain research talent and encourage the commercialisation of research results were “gradually taking effect”, according to Sun.