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Incubation and the Hong Kong Science and Technology Parks Corporation
The chief executive officer (CEO) of the government-owned Hong Kong Science and Technology Parks Corporation (HKSTP) is setting the marketing policy for the incubation program at HKSTP, Hong Kong’s leading incubator of high-technology companies. Seeing marketing as a driving force to convey the strategy of HKSTP, the CEO must analyze the key services through which HKSTP can increase an incubatee’s chances of success; analyze the advantages and disadvantages that HKSTP presents for a start-up’s location; analyze how HKSTP positions itself in the competitive market for incubation services; discern how successful it is; and determine what marketing ideas HKSTP should use to convey its competitive advantages. The task is complicated by the global nature of the incubatee servicing market, the position of Hong Kong within the Greater Bay Area of the People’s Republic of China, and the CEO’s belief that a company has to be on its own, not relying on government programs. Not only did the CEO have to give HKSTP’s incubatees the resources to help them survive and prosper, but he also had to attract the best tech start-ups to join the program. -
OpenSky.tv: A New Business Model-Content Creation, Curation, Consumption, and Commercialization
OpenSky.tv was founded in 2016 with the objective of getting people back to watching video content on television. The founder wanted all video content to be accessible through an Internet connection on the viewer’s television. His company’s platform located and brought together programs and videos that were of interest to each viewer, so viewers could have their own personalized video channel. One full year after its launch, OpenSky.tv wanted to focus on the Cantonese market, and then concentrate on Mandarin and English audiences. The founder was wondering what his platform’s business model should be. How could he achieve his initial objective of creating a business-to-consumer (B2C) recommendation platform?