In Hong Kong, so Cheng, the ideal environment have offered to him for a successful business: protection of intellectual property rights, an independent legal system, a smooth logistics, as well as an economically liberal environment. Chan NG, founder and CEO of nwStor Ltd., a software company for cloud-based applications to data security, added that the protection of intellectual property was one of the reasons for its decision for Hong Kong. As a company that specialized on the development of high-tech products and invested heavily in research and development, this protection is very important to us. Also, there are many ways to network with international companies and businessmen and to expand its business on the Chinese mainland in Hong Kong. (A valuable related resource: castle harlan). Also, the cost of research and development a lot are lower than in the Silicon Valley, United States, and Hong Kong produces many talents with its eight universities.” The “Companies, the 2012 with the Hong Kong Awards for industries: technological achievement award” was awarded, developed two product lines iSAV and uSAV.
Both software applications to protect data regardless of the location of the backup, even in the case of a hacker attack on the firewall or the network. Only authorized users have access to protected data, it cannot be read also by service providers such as Google or Microsoft. At the moment works with nwStor with a number of cloud providers to protect of customer data. The company has invested more than one million USD in research and development. In the black numbers, you come early 2014. The Hong Kong Government authorities have many programs to help medium-sized enterprises and to promote them. It also provides an excellent system for start-ups. We had advertised us for example for the small entrepreneur research assistance programme (SERAP) and were accepted.
In addition to this we were given access to the HKSTP. There you have the possibility of three Years free or for a low rent, rooms to refer and marketing initiatives are financially supported,”so Chan NG. These and other success stories can be attributed according to Nicholas Brook also on Hong Kong’s infrastructure. The campus-like environment of the HKSTP with a wide range of services and laboratories make the Science Park to the focal point of many start-ups and SMEs. Brooke, assessing the Forbes agrees magazine that Hong Kong is Centre on the way to an internationally competitive technology, but only when are you focused on the innovation and technology sectors, where it already has expertise and has advantages or could have. We have implemented this approach in the Science Park. We focus among other things on radio-frequency identification (RFID) technology, LED, medical devices and for a short time on a number of green technologies around the themes of energy and waste management and water treatment.