CE tours biotech company

July 29, 2021
Supporting industry
Supporting industry:

Chief Executive Carrie Lam tours the automated production zone of a local biotech company in Fo Tan.


Chief Executive Carrie Lam today visited a local biotech company in Fo Tan that has developed a portable rapid testing instrument.


Mrs Lam learnt more about how the advanced manufacturing industry and re-industrialisation development have benefitted from the Government and the Hong Kong Science & Technology Parks Corporation's support in recent years.


She toured the biotech company's research and development (R&D) facilities as well as the automated production line at its Fo Tan factory, where she received a briefing on its R&D projects and the progress of its product commercialisation.


A partner company of the corporation, it has developed a portable testing instrument which can diagnose specific diseases with a single drop sample on a small chip in just 15 minutes, thus enabling healthcare personnel to conduct rapid testing and make clinical diagnoses early.


The company has received more than $18 million in subsidies from the Innovation & Technology Fund, of which $12 million is from the Re-industrialisation Funding Scheme launched mid-2020 on a matching basis.


It will move into the Advanced Manufacturing Centre being constructed by the corporation in Tseung Kwan O Industrial Estate to set up more production lines to transform research results into industrial products. The centre is expected to be completed next year.


Mrs Lam noted that the corporation has developed the Precision Manufacturing Centre and three other centres, with a total investment of more than $9 billion, to help foster smart production.


The Chief Executive said the current-term Government has been sparing no effort in promoting innovation and technology development in Hong Kong and that she believed re-industrialisation would provide new impetus for economic growth, create quality employment opportunities and enhance the city's competitiveness.


This is supported by Hong Kong's strong R&D capability as well as the tremendous opportunities brought about by the National 14th Five-Year Plan and the Guangdong-Hong Kong-Macao Greater Bay Area development, Mrs Lam added.

Back to top