The Greater Bay Area is forecast to achieve US$3.6 trillion in annual economic output by 2037, up from US$1.3 trillion in 2015, according to research published last month by global real estate services company, Colliers International.Arrow's Yu pointed out that the current technology innovation supply chain creates situations in which "certain ideas originate from the United States, new technology come from advanced markets like Germany, app development is done in Hong Kong and manufacturing is in mainland China". "If you're an electronics start-up, the Greater Bay Area could make things easier to connect the dots for projects amid the scale of manufacturing done in cities like Shenzhen and Zhuhai," Yu said.
Pinsent Masons' Haswell said the electronics sector's position in cities including Shenzhen, Dongguan and Zhuhai could lead to "more mainland companies looking to Hong Kong start-ups for innovation and potential acquisitions".Arrow last Friday opened its expanded Open Lab facility in a bid to offer more electronics start-ups free services, as well as support the "Sensor Hub" internet of things technology project led by the Hong Kong Science and Technology Parks Corp. The internet of things represents a super network, consisting of internet-linked devices embedded in everyday objects that gather, send and receive data, as well as controlled via mobile application. Yu said Arrow currently helps plenty of Hong Kong start-ups in both consumer and industrial internet of things projects through its in-house expertise, links with suppliers and its portfolio of more than 14,000 different sensors used for various applications. Read the original article on South China Morning Post. For the latest news from the South China Morning Post download our mobile app. Copyright 2017.