We begin… Some tough questions to ponder as we go forward: 1. What will our unskilled workers be doing to earn a living in the #NewSpace economy? 2. In what ways can Hong Kong be the protocol and standard’s interface between the Mainland and the rest of the world? 3. How can we help the tycoons in Hong Kong re-invent this city in preparation for this next innovation wave? 4. How to lower the risks for investors and those not conversant with #innovation and afraid of change? 5. Where are the ‘low-hanging’ fruits? What business can we start? Where are our talents? Where will investors come from? Thoughts? Join OASA and start your own Spacebiz Dialogue. #FHKI #oasa #cityu #hongkong #Newspace #china #YMP #spacebiz
🚀 The age of the Newspace economy has arrived (in Hong Kong)! — “𝗘𝘅𝗽𝗹𝗼𝗿𝗶𝗻𝗴 𝘁𝗵𝗲 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗡𝗲𝘄 𝗦𝗽𝗮𝗰𝗲 𝗘𝗰𝗼𝗻𝗼𝗺𝘆 𝗶𝗻 𝗛𝗼𝗻𝗴 𝗞𝗼𝗻𝗴” is the title of research report released by the Federation of Hong Kong Industries (FHKI, 香港工業總會) on 2 January 2025 — Download the report here: https://lnkd.in/g44JBmZf Conducted by research teams from City University of Hong Kong the report provides an in-depth analysis of global trends in the Newspace economy and Hong Kong’s opportunities for participation. FHKI Chairman, Mr. Steve Chuang (莊子雄) emphasised Hong Kong’s unique advantages in developing the space economy. He urged the Government to formulate relevant industrial policies to help the sector leverage Hong Kong’s research foundation, transforming aerospace research capabilities into part of ‘New Industrialisation,’ and exploring broader business opportunities in the space economy. The report recommends developing ten key industrial sectors, including satellite, drone, and sensor technologies, while proposing policy recommendations on strengthening education and cross-sector collaboration. Hong Kong is well-positioned to participate in the Newspace economy, with top universities, strong engineering faculties, strategic location near Hainan satellite launch facilities, and status as a major financial centre. The report calls for strengthening cross-sector collaboration, enhancing interdisciplinary research, optimising university curriculum design, and increasing internship opportunities. Strengthening cooperation and talent exchange with the Greater Bay Area is also crucial. The Government should also provide incentives to encourage corporate R&D and collaboration with academia, and improve laws and regulations to optimise the business environment. — 🚀 Come join the conversation by attending OASA’s first 𝗦𝗽𝗮𝗰𝗲𝗕𝗶𝘇 𝗗𝗶𝗮𝗹𝗼𝗴𝘂𝗲𝘀 in 2025. Follow this link to learn more: https://lnkd.in/gXQYy5g3) and click here to sign up now: https://lnkd.in/g6utvQ-s) ✨