Focus Area Awards
Nan Fung Lifesciences/ Health-tech prize
The lifescience and biotech field have seen rapid advancements be it in deep-tech involving genome sequencing, AI or genetic repair tools like CRISPR to health-related technologies in form of software or hardware; former Google Ventures CEO Bill Maris believes if done right, we have huge potential to "help people suffer less" and live better lives.
Nan Fung Smart City prize
Hong Kong government unveiled a "smart city" blueprint last year, to help create a more liveable and connected city. Specifically this revolves around various innovations in creating a more digitized and connected living environment for Hong Kong. One key application is in property-related technologies for the various residential and commercial buildings in Hong Kong.
The Mills Fabrica techstyle & design prize
One of Hong Kong's key characteristics has always been in "constant self-invention", specifically in taking historical advantages and reimagining it for the future. Hong Kong used to be the world's major textile/ manufacturing hub- in recent years this scene has seen a revitalization in the form of "techstyle" (intersection of technology and style), where innovations in materials/ supply chain process, wearables & IOT or new forms of retail like ecommerce/ VR/ AR have the potential to create a new model for Hong Kong and the world.
Nan Fung social innovation prize
The emergence of the social entrepreneurship field sparked off a change-makers movement where the power of business can be leveraged for social good through designing innovations to address social challenges.
The Mills Sustainability prize
Former US Vice-president Al Gore spoke recently at Web Summit about the climate crisis and challenges we face in sustainability. And sustainability is not just about the environment but the wider factors and stakeholders involved, including working conditions for workers/ staff, materials usage and of course changing consumer mindsets. As Al Gore puts it best "our will to change is itself our best renewable resource."
Robotics & AI
Robots are playing an increasingly important role in business and life in general. Workplaces where humans work with robots will become more common in the future. Artificial intelligence (AI) is one of the most exciting fields in robotics. AI startups play in many different categories such as Computer Vision/Image Recognition Application, Context Aware Computing, and Natural Language Processing etc.
I.T & Smart Tech
A 1958 article in Harvard Business Review referred to information technology as consisting of three basic parts: computational data processing, decision support, and business software. Nowadays, IT solutions are very demanding for businesses because it could be used to facilitate the company operation and even decision making. Smart Tech usually has some common attributes such as automation and sensors. It improves human lifestyle by providing user-friendly experience.
Fintech includes any technological innovation in the financial sector, including innovations in financial literacy and education, retail banking, investment and even crypto-currencies. “In 2018 and over the next few years, we’re going to see a big trend moving towards automated financial decisions and actions. From bill autopays to automated savings to better overdraft protection tools, we’re going to see a lot of apps dedicated to helping people live a more automated financial life.” said Zach Perret, Co-founder & CEO of Plaid, on Quora.