New technologies and smart economies in AsiaEvery country wants to have its own Silicon Valley, but—as has been proven on many occasions—simple replication does not work. A very complex and unique set of features and conditions are required for success. But if anywhere can do it, Asia can. It is no coincidence that experts have been pointing to APAC as the region to watch for new hubs of technological and social innovation. A lot of Asian megacities have an inherent advantage in economies of scale when it comes to fostering innovation and driving technological development. And, if anything, the challenges of the Covid-19 pandemic have only made these cities ‘smarter’ and more digitally advanced. It is around these megacities that the new tech hubs will emerge, and they may even end up dwarfing the original Silicon Valley. But what are governments doing to advance the expansion of smart cities and startup hubs in Asia? How can they help to create real innovation clusters? What needs to come first—conducive policies and incentives, technological breakthroughs, or something else? How can entrepreneurs and startups best be encouraged? And what is the role of large companies and their leaders in developing a business ecosystem that helps to scale their creations? Join us on August 18 for an engaging discussion on innovation clusters and smart cities in Asia with the decision makers and key experts in this sphere. This event will be broadcasted simultaneously in English and Korean languages.
Alfred SitSecretary for Innovation and Technology for the Government of the Hong Kong Special Administrative Region