Business Daily Media

Men's Weekly

.

HKSTP’s Startup BioMap Secured Funding from HKIC for AI and Biotech Development

HONG KONG SAR - Media OutReach Newswire - 24 June 2024 - Hong Kong Science Park Corporation (HKSTP) congratulates BioMap, a Park company, on its strategic partnership with the Hong Kong Investment Corporation Limited (HKIC) to jointly propel innovation across multiple sectors including biopharmaceuticals, green technology, and new industrialisation, further cementing Hong Kong's position as an international hub for innovation and technology.



Clara Chan, CEO of HKIC (left), and Wei Liu, CEO of BioMap (right) signed the strategic partnership agreement, witnessed by Paul Chan, Financial Secretary of the Hong Kong SAR Government (centre).
Clara Chan, CEO of HKIC (left), and Wei Liu, CEO of BioMap (right) signed the strategic partnership agreement, witnessed by Paul Chan, Financial Secretary of the Hong Kong SAR Government (centre).

BioMap, a pioneering company at the intersection of artificial intelligence and the life sciences sector, integrates cutting-edge AI with biotechnology to accelerate research and development and design novel proteins in areas such as pharmaceuticals and enzymes. Earlier this year, BioMap established its presence at the Science Park and will launch its inaugural BioMap Innovation Hub in Hong Kong, aimed at expanding their global operations. HKSTP continues to provide comprehensive infrastructure and professional services, enabling BioMap's engagement with a diverse range of partners and investors.

Albert Wong, CEO of HKSTP (left) congratulates Wei Liu, CEO of BioMap on the company’s business expansion in Hong Kong and strategic partnership with HKIC.
Albert Wong, CEO of HKSTP (left) congratulates Wei Liu, CEO of BioMap on the company’s business expansion in Hong Kong and strategic partnership with HKIC.

The ceremony took place during the International Bio-Computing Innovation Summit where Clara Chan, CEO of HKIC, and Wei Liu, CEO of BioMap signed the strategic partnership agreement, witnessed by Paul Chan, Financial Secretary of the Hong Kong SAR Government.

Along with business expansion in Hong Kong, BioMap also launched its first Innovation Hub to attract innovators from around the world and nurture local I&T talent, boosting the building of an AI for life science ecosystem in Hong Kong. Distinguished guests including Wei Liu, CEO of BioMap; Gracie Ng, Chief of Staff of HKSTP; Professor Max Shen, Vice-President and Pro-Vice-Chancellor (Research) of the University of Hong Kong; Professor Wang Yang, Vice-President for Institutional Advancement of The Hong Kong University of Science and Technology; and Dr Rocky Cheng, CEO of Hong Kong Cyberport Management Company Limited, joined the "Light Up" ceremony.

Albert Wong, CEO of HKSTP, said, "We are extremely pleased to welcome BioMap to Science Park and to establish a strategic partnership with Hong Kong Investment Management Limited. Together, we are embarking on a new chapter. HKSTP is committed to providing diverse support to biotech companies, accelerating the commercialisation of scientific research, and serving as a 'super-connector' - linking local and international industry partners and investors. Our aim is to assist companies like BioMap to leverage Hong Kong's exceptional scientific research capabilities, international reach, and strategic location in the Greater Bay Area to access global markets."

Wei Liu, CEO of BioMap, said, "We set up our first bio-computing innovation hub in Hong Kong to leverage the city's international status, liberal financial policies, and world-class intellectual property system and data governance to help BioMap gain the trust of more multinational customers in the global competition, maintaining its leading position in the industry. Furthermore, Hong Kong has ample AI and biotechnology talent resources and an excellent innovative academic atmosphere. We hope that the BioMap Innovation Hub will serve as a cultivating and testing ground for Hong Kong's interdisciplinary talents in information and biotechnology to transform more innovative ideas into practical macromolecule solutions utilising our large language model for life sciences, whilst further amplifying the value of innovative products through our global manufacturing and business network as well as partners."

To enhance its visibility and connect with the international industry, HKSTP, along with BioMap and other park companies, participated in the world's largest biotech event, BIO 2024, earlier in June in the United States. Key activities included the APAC Summit session, showcasing the strengths and potential of Hong Kong's biotechnology sector to a global audience.

BioMap, headquartered in the US, is one of the second batch of strategic enterprises signed by the Office for Attracting Strategic Enterprises (OASES) of the HKSAR Government to set up operations in Hong Kong. Combining AI and biotechnology, the company has developed the 'xTrimo' platform, a foundational large language model for life sciences based on protein language. Recently, BioMap secured a USD 1 billion partnership with multi-national pharmaceutical giant Sanofi and is collaborating with over 10 commercial partners and more than 200 academic institutions.

HKSTP is dedicated to nurturing the entrepreneurial skills of researchers and scientists, aiding them in translating research into viable products and fostering a thriving biotechnology ecosystem. Currently, the park is home to over 250 biotech companies.

As a government-owned organisation that manages HK$62 billion in fundings, HKIC announced two weeks ago its first partnership with another HKSTP company SmartMore, a homegrown AI unicorn, to make Hong Kong the base of SmartMore's development and stock market listing.
Hashtag: #HKSTP

The issuer is solely responsible for the content of this announcement.

Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 12 unicorns, more than 14,000 research professionals and over 1,800 technology companies from 28 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.

Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.

Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.

Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues contribute in establishing I&T as a pillar of growth for Hong Kong.

More information about HKSTP is available at .

News from Asia

Jupiter Neurosciences Launches Nugevia™ Website and Opens Pre-Orders for Groundbreaking Longevity Supplements

Targeting the Multi-Trillion Dollar Longevity MarketHONG KONG SAR - Media OutReach Newswire - 27 August 2025 - Jupiter Neurosciences, Inc. (NASDAQ: JUNS) ("Jupiter" or the "Company"), a clinical-s...

HID Unveils Next-Generation FIDO Hardware and Centralized Management at Scale

The Next Generation of HID’s FIDO Portfolio Features Hardware Authenticators and a Centralized Management Experience that Simplifies Passkey DeploymentHONG KONG SAR - Media OutReach Newswire - 27 ...

Marking 30 Years of Excellence, EtonHouse International Education Group Pledges $3 Million to EtonHouse Community Fund to Strengthen Community Impact

SINGAPORE - Media OutReach Newswire - 27 August 2025 - Marking 30 years of excellence in education, EtonHouse International Education Group, together with E-Bridge Pre-School, has pledged $3 milli...

Trend Micro Named a Leader in Exposure Management by IDC MarketScape

Measurable reduction of operational silos and cyber risk delivered with Trend Vision One™ Cyber Risk Exposure ManagementHONG KONG SAR - Media OutReach Newswire - 27 August 2025 - Trend Micro Inc...

Genius Mind Expands Service Scope Beyond Academics to Include Coding, Financial Literacy, and AI Skills

SINGAPORE - Media OutReach Newswire - 27 August 2025 - Genius Mind, one of Singapore's trusted names in home-based education matching, has announced the expansion of its offerings to include codi...

Better Than Normal Launches Integrated AI Marketing and Coaching System for Singapore’s Service Professionals

SINGAPORE - Media OutReach Newswire - 27 August 2025 - Better Than Normal Pte Ltd, a Singapore-based brand strategy and AI marketing consultancy, is transforming how service-based professionals es...

Atlas Consolidated Secures USD 18.1 Million Series B Funding led by Tin Men Capital to Accelerate Global Adoption of HugoHub

The Asia-based Banking-as-a-Service provider aims to significantly accelerate the growth of HugoHub, Atlas’s modular cloud-native digital banking platform SINGAPORE - Media OutReach Newswire - 27 ...

Together Diamonds Launches in Singapore as the First Keepsake Diamond Atelier for Life’s Milestones, Not Just Memorials

SINGAPORE - Media OutReach Newswire - 27 August 2025 - Together Diamonds, Singapore's first homegrown keepsake diamond atelier, has officially launched with a mission to transform life's mileston...

TCMA leads Thai cement industry to reaffirm climate action leadership towards Net Zero 2050 at 2025 TCMA Technical Conference and Exhibition

BANGKOK, THAILAND - Media OutReach Newswire - 27 August 2025 - Thai Cement Manufacturers Association (TCMA) successfully hosted its flagship event, the "2025 TCMA Technical Conference and Exhibi...

Tanoto Foundation Develops Impactful Future Leaders at Tanoto Scholars Gathering 2025

SINGAPORE - Media OutReach Newswire - 27 August 2025 - High unemployment among educated youth and a lack of leadership readiness are significant challenges on Indonesia's path to its "Golden Indon...

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...

Revolutionizing Fulfillment: How Virtual Warehousing is Changing the Game?

The e-commerce landscape is evolving more rapidly than ever, and the way businesses are managing their fulfillment is also revolutionizing. At the...

SME lender Dynamoney welcomes new CEO, Brett Thomas

Strengthens growth ambitions and signals expanded offering Dynamoney, a leading commercial finance provider for Australian SMEs,  has today appoint...

The cost of ignoring AI governance in business

Artificial intelligence (AI) is no longer the promise of a distant future: it's active, embedded, and already shaping decisions across industries. H...

Quickli launches new SMSF product as free beta for limited time only

The leading technology provider for Australian mortgage brokers, Quickli, has answered the prayers of brokers yet again with the launch of a stand...

Portable Monitors for Coding and Programming Students

Today, coding and programming require more focus and efficiency. But, the most essential thing it demands is ample screen space. Students can stru...

Sell by LayBy