On 19 August 2022, Friday, The Journey of Artificial Intelligence and Robotics Development and Commercialisation: From Research to Market Event was successfully organized by Invest Hong Kong and supported by Hong Kong Science Park Corporation (HKSTP) and Semiconductor Nanotechnology Alliance (SNA). In the event, Pagoda Capital shared its investment example on Simbury towards innovative technology value creation and unicorn cultivation.
The event aims at exchanging perspectives on how innovative technologies to be created and commercialised by building a healthy ecosystem in Hong Kong. The experts from government, newly established research centres, HKSTP, law firms as well as investment institutions shared their valuable experiences and insights on forging Hong Kong to be an international innovation and technology (I&T) hub.
From the investment sector, James Ieong, Chairman and Founding Partner, Pagoda Capital, shared on how venture capital unlocks hidden value of Hong Kong. James said, “Pagoda Capital has focused on investing a company with disruptive technologies application in the promising market. In Hong Kong, we found there are number of unseen advantages in I&T field, named a few like stability and quality of talents, unique position under geographical tension and great sense of global business acumen, etc.”
He continued, “Simbury, a metaverse integrated circuit (IC) solution provider, is our good investment example having more than 20 years of semiconductor domain experience. It has rapid business growth on joint project development with key clients which ensures the revenue stream and defines advanced System on Chip (SoC) product creating differentiation among its rivals. The most excited element is Simbury in Hong Kong and we expect more deep tech companies born here.”
“The team has deep root of semiconductor design and AI experience from immersive 2D-to-3D conversion to ultra-super-resolution and edge AI solutions. With proprietary neural network algorithm able to generate detailed depth field, intelligent occlusion point repair and eye tracking, etc. to make realistic sense of presence,” said Dr. Ryan Chung, CEO, Simbury. “We are building a customer pipeline that represents the leading suppliers, from consumer electronics devices to automobiles and most everything in between.”
“The overall I&T ecosystem in Hong Kong is becoming more vibrant through collaboration among the stakeholders, we are open-minded and closely work with partners continuing to execute on the company’s growth strategy,’ added Ryan. ‘Immersive experience and edge AI are inevitable while entering metaverse era, and we are seeing unmet need and bottleneck of current product that our solution could solve, thanks Pagoda’s support, we will continuously create the sustainable value to shareholders, customers, employees, environment and the community.”
From left to right: Dr. Ryan Chung, CEO, Simbury; James Ieong, Chairman and Founding Partner, Pagoda Capital; and Dr. Meikei Ieong, Chairman, Simbury shaked hands for investment partnership between Pagoda Capital and Simbury.
James Ieong, Chairman and Founding Partner, Pagoda Capital shared the investment example of Simbury.