HONG KONG - The University of Hong Kong (HKU) announced Monday it has established an innovations platform in collaboration with the Guangdong Pharmaceutical University (GDPU) to promote bio- and health technology and translational medical research and development in the Guangdong-Hong Kong-Macao Greater Bay Area.The GDPU-HKU Innovations Platform, located in Zhongshan city, includes three core units - an incubation facility, a joint laboratory and a technology transfer unit, and aims at developing into a national-level technology enterprise incubator hosting at least 50 companies and incubating at least 10 HKU technologies within five years.A satellite branch of HKU's partner state key laboratory of pharmaceutical biotechnology will also be set up at GDPU.The move is of great strategic importance to HKU in terms of technology transfer and commercialisation of the university's cutting-edge research particularly in the field of bio-medicine, HKU said in a press release, adding that it is also a significant step to mark the university's presence and contribution to development in Greater Bay Area. custom fidget spinners
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BEIJING - A new chip for the BeiDou Navigation Satellite System was unveiled on Saturday by the Global Navigation Satellite System and Location Based Service Association of China. The chip supports the new generation of BeiDou-3 satellites for high-precision navigation and positioning. The positioning accuracy of the chip reaches the sub-meter level without ground-based augmentation. The chip, developed by Shenzhen-based Allystar Technology, also has uses in unmanned driving systems, wearable devices, precision agriculture and smart logistics. The value of the satellite navigation and LBS industry stood at 212 billion yuan ($31 billion) in 2016, up 22.1 percent from 2015, according to the GLAC. Core output totaled 80.8 billion yuan, 70 percent of which came from BDS. Four BeiDou-3 satellites will be launched by the end of this year, and a complete global satellite navigation system in place around 2020, according Yang Changfeng, the system's chief designer. The scale of the BDS industry will reach 240 billion yuan around 2020, said Yang.
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