Hang Seng, HKTDC form one-stop digital solutions platform

InnoClub will provide solutions in three focus areas.

Hang Seng Bank and the ​​Hong Kong Trade Development Council have joined hands to form a one-stop platform called “InnoClub.”

The platform aims to help digitalise operations of small and medium-sized enterprises (SMEs) in Hong Kong and the Greater Bay Area in three focus areas.

The first key area that HKTDC and Hang Seng will work on is providing ​​​​one-stop customised banking services.

Members of the InnoClub will be provided financial support for their innovation development under the bank’s InnoTech financing solution, which has a pool of $273.22m (US$200m).

The new partners will also organise innovation development workshops, seminars, and business-matching events for SMEs to help them reach out to potential business partners and investors.

The bank will also provide business advisory and consulting services to SMEs.

Lastly, the partners said they will co-conduct proprietary research ​​with selected innovation companies for “identification of market insights on a broad range of innovation-related topics.”

Findings from the research will be shared with the SMEs and general public.