Press Room
“TECHNION - CHINA & ISRAEL - PARTNERS IN INNOVATION”
Gala Event on November 21st, 2017
PRESS RELEASE
On Tuesday, November 21, the “Technion, China and Israel – Partners in Innovation” gala event took place at the Hong Kong InterContinental Hotel attended by representatives of the Hong Kong government, venture capitalists from Hong Kong and China, industrialists and academia.
The aim of the event was to showcase Israeli high-tech industry; Technion’s central role in its development; the new UG-Technion Technology Fund, L.P.; and Israeli, Hong Kong, Chinese technology transfer partnerships. A video was screened presenting the new UG-Technion Technology Fund as a bridge between academia and industry, an alliance that focuses on identifying and turning innovative ideas into commercial products, which can impact our lives.
Technion President Prof. PeretzLavie spoke about the Israeli high-tech world and Technion’s role as an engine driving Israeli and global innovation. Speakers included Nobel Laureate Aaron Ciechanover; Guangdong Technion-Israel Institute of Technology President Li Jiange; Israel’s Consul General to Hong Kong, AhuvaSpieler; Chairman of the Israel-Hong Kong Chamber of Commerce, Dr. Rafael Aharoni, BBS; General Partner of UG-Technion Partners, L.P. and co-founder of United Gain Capital, CY Lau, Technion’s partner in the new venture capital fund; and Associate Director-General of Investment Promotion, Invest Hong Kong, Charles Ng.
Ng spoke about the role of Hong Kong in the China’s Belt and Road Initiative (BRI), aimed at connecting China to Europe, the Middle East and Israel.
CY Lau said, “We find great synergy between Israel, a small country blessed with big ideas and many patented high tech innovations and China, a rapidly expanding economy with huge appetite for new technologies. If it’s a good product, we think China is the best place to launch it……a single country, a single language, a single advertising campaign, with a market coverage of 1.4 billion people.”
The Technion-United Gain Capital $200 million venture capital fund was announced during the Technion Board of Governors meeting in June 2017. The fund will focus on investments in science and technology companies connected to Technion and its alumni. Read more →
For more information: Mr. C.Y. Lau, UG-Technion Spokesperson, +852-3586 0220
From Left to Right:
1) Mr. C.Y. Lau, GP of United Gain Capital and UG-Technion Partners, L.P.
2) Prof. Peretz Lavie, President of Technion-Israel Institute of Technology
3) Mrs. Ahuva Spieler, the Consul General of Israel in Hong Kong and Macau
4) Prof. Li Jiange, Chancellor of Guangdong Technion Israel Institute of Technology
5) Prof. Aaron Ciechanover, the 2004 Nobel Prize (Chemistry) Winner
6) Mr. Charles Ng, Associate Director-General of Investment Promotion, HKSAR
7) Dr. Rafael Aharoni, Chairman of the Israeli Chamber of Commerce in Hong Kong
Hong Kong Salutes Technion, Read more →
Nov 21, 2017 @ Hong Kong