Massachusetts Institute of Technology is launching an innovation project in Hong Kong to facilitate student exchanges and turn abstract concepts into commercial products.
Under the Innovation Node project, the university will set up a “Maker Space” facility in the city and link it up with the one at the MIT campus in Boston, Massachusetts, the Hong Kong Economic Journal reported on Tuesday.
About 20 Hong Kong students will be chosen to participate in the project.
They will be divided into four or five groups, which will then experiment with their ideas at the MIT campus or in the city to come up with new medical equipment, exploration devices and other innovative machines.
The sample products will then be tested in Boston or Hong Kong, before initial production is done in the Pearl River Delta.
The project has not received any funding from the Hong Kong government at this stage and there is no decision yet on where it will be based in the city, MIT president Rafael Reif said.
Victor Fung Kwok-king, chairman of the Fung Group and a member of the advisory committee of Innovation Node, said because of Hong Kong’s location, innovation projects can be put into commercial mode in collaboration with production facilities in Shenzhen.
Chief Executive Leung Chun-ying, meanwhile, welcomed MIT’s plan to set up an innovation center in the city, adding that the Innovation and Technology Bureau will seek cooperation with the university for opportunities in mainland China and overseas.
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