Creating an ecosystem for entrepreneurs

Hong Kong SAR government looks to foster innovation with its dedicated arm

Despite the golden sunshine and the allure of world-renowned research institutes, Winnie Lun did not want to stay on in California. After spending 30 years in the United States, Lun decided to return to Hong Kong, her home city, lured by the abundant government grants that would help fast track the growth of her biotech company.

Lun is the founder of eNano Health, which has developed a non-invasive, affordable method of glucose testing using saliva. Schemes under the government's Innovation and Technology Fund have provided eNano Health with over $600,000 for research and development purposes. Such funding mechanisms are "essential for biotech companies" as research and clinical trials often incur huge costs, Lun said.