CUHK and ASTRI sign the first MoU on all-round development of commercialisation

The Chinese University of Hong Kong (CUHK) and The Hong Kong Applied Science and Technology Research Institute (ASTRI) signed a University Technology Transfer and Collaboration Memorandum of Understanding (MoU) on 5 September. The two organisations have reached a cooperation consensus on the implementation of commercialisation strategies and a development blueprint in line with the government’s increasing innovation and technology (I&T) resources in recent years and its vision of developing Hong Kong into an international I&T centre. The MoU enshrines collaboration between academia and research and development (R&D) centres to develop leading technologies, and leveraging resources to enhance the quality of research, as well as facilitating the commercialisation process. It will help to introduce technology that is useful to the government, industry and society, supporting Hong Kong as it becomes an international smart city.

The collaboration among the government, industry, academia and the R&D sector highlights the importance of full participation and mutual support from stakeholders in the technology ecosystem. Intellectual property (IP) commercialisation is one of the keys to strengthening technology commercialisation. Intellectual property holding institutions can formulate rules and regulations, and implement the corresponding measures necessary to maximise the economic and social benefits of their R&D outcomes.

The MoU was signed by CUHK Pro-Vice-Chancellor (Research) Professor Sham Mai-har and ASTRI Chief Executive Officer Dr Denis Yip. Under the agreement, CUHK and ASTRI will determine the ownership of R&D outcomes through their respective IP rights, hoping to boost the commercialisation of R&D projects developed by both parties and CUHK’s affiliates, and to shorten the research time taken by joint projects, and optimise resources to increase the effectiveness of R&D commercialisation. The close cooperation between scientific research experts from both sides will not only improve the effectiveness of R&D and generate innovative technologies, but will also help cultivate R&D talents.

Meanwhile, CUHK, its affiliates and ASTRI will jointly develop a set of standardised arrangements and procedures to determine inventive contributions, ownership of research outcomes of joint projects, funding arrangement, roles and responsibilities in project execution, IP protection, and others. The respective IP rights owned by CUHK and ASTRI will allow more opportunities for technology commercialisation, help local R&D become more practical and measurable, and advance the development of re-industrialisation.


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