Hong Kong’s global hub status and supreme connectivity with Mainland see international lighting and electrical tech company fast expanding

Invest Hong Kong (InvestHK) announced today (21 November 2023) that it has assisted an international lighting and electrical tech company, NextG Technology Limited, to expand into a business accelerator empowering industrial technology enterprises with innovative solutions to accelerate their business growth in the region and globally. 

The department lauded the expansion of NextG in Hong Kong. The Associate Director-General of Investment Promotion, Dr Jimmy Chiang, said, "We are excited to see that NextG contributes its expertise and resources in optical technology diversifying into an accelerator assisting peers to grow and upgrade their technology innovation level. We look forward to providing further assistance required for its continuous expansion in the region."

Founder of NextG, Mr Michael Tian, states that harnessing the power of Hong Kong's innovation hub, NextG has successfully expanded its market reach in the Greater China region and made significant strides in the Middle East, Southeast Asia, and the Americas. He said, “Our pursuit of cutting-edge technologies and products has allowed us to carve out our own market space and establish a strong brand influence. With Hong Kong's strategic location and the research capabilities of the Greater Bay Area, our vision is to promote our products globally and build a recognized brand. We are proud to leverage Hong Kong's intellectual property protection as we safeguard our innovations and drive innovation on a global scale." 

The Director of PR and Commercial Strategy at NextG, Mr Martin Wang, said that Hong Kong has the favourable conditions leading the company onto the expansion. He said, “The city is situated at the crossroads of the Mainland and the Greater Bay Area, which serves as the largest economic and manufacturing hub in South China. It provides unparalleled market connectivity.”

He added, “Hong Kong, as an international city, serves as a gateway to Asia-Pacific and the rest of the world. The city boasts a business-friendly environment supported by well-established legal and financial systems. Additionally, the presence of top-tier universities attracts exceptional talents in engineering, technology and business, further enhancing our capabilities at NextG.”

NextG facilitates the transition of technologies from laboratory to marketplace while unlock their commercial and environmental, social, and governance values. It empowers businesses worldwide not only by bringing in investment, but also with resources and supports in research and development, technology transfer, co-engineering, go-to-market strategy, corporate operation and infrastructure. Its current scope covers optical, electronic, and precise engineering technologies in lighting and energy solution.

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For more information about NextG, please visit www.nextg.hk. 

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