The HKTDC-Hang Seng InnoClub initiative is helping to build up the medical technology infrastructure in Hong Kong.
Health tech start-ups have shouldered a heavy responsibility in fighting the COVID-19 pandemic and are now regarded as important engines to promote the sustainable development of the global economy.
The Hong Kong Trade Development Council (HKTDC) and Hang Seng InnoClub recently co-organised the Health Tech Solution Day to support medical start-ups. Eight related Hong Kong start-ups were invited to introduce their products and solutions to potential enterprise users and to explore cooperation opportunities.
PanopticAI, a Hong Kong healthtech start-up founded in 2020, was a winner of the fourth HKTDC Start-up Express programme. The company is innovating the next-generation camera-based health and wellness monitoring technologies to shape the future of digital health.Kyle Wong, CEO & Co-founder of PanopticAI, said the public had become more accepting of online medical services following the COVID-19 outbreak, which has helped their business development. By utilising advanced artificial intelligence and signal processing technology, their current solution can monitor a suite of health indicators such as heart rate, respiration rate, blood pressure, stress level with an off-the-shelf camera. PanopticAI’s solution can capture subtle colour change in people’s face and body movement.
“Last year, we participated in the HKTDC’s ICT Expo and ASGH [Asia Summit on Global Health] and took the lead in showcasing our proprietary contactless health and wellness monitoring technology to the public. Our goal is to be universally trusted as the go-to option by businesses as well as consumers looking to reach their full health potential ” Mr Wong said.
The Hong Kong SAR government had always encouraged the development of the I&T industry through the collaboration among the government, industry, academic and research sectors. Mr Wong said the business community had noticed that the power of innovation and technology was a major driving force for encouraging the upgrading and transformation of the industry and promoting long-term economic development. In recent years, enterprises had also proactively launched more support for innovation and technology, leading the rapid development of medtech.
“Although the prospects of healthtech are promising, start-ups often have limited resources and it’s challenging to promote new solutions to the market. InnoClub is a platform that allows start-ups to promote new ideas and lay a solid foundation for future business cooperation.”
