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Mr. Stanley Lau, founder of Allied Power Technology Venture LPF, signs a memorandum with City University of Hong Kong

City University of Hong Kong (CityU) and Allied Power Technology Venture LPF (Allied Power) sign a memorandum of understanding on 22 June 2022 at the Admiralty HK TECH 300 Co-working Space to establish a joint investment partnership. To the selected candidates CityU's large-scale innovation and entrepreneurship program "HK Tech 300", Allied Power Technology Venture LPF provides at HK$5 million in angel investment to support start-ups that bring positive benefits to social and environmental sustainable development and promote the development of innovation and technology in Hong Kong.

The memorandum is signed by Mr. Stanley Lau, one of the founders of Allied Power, and Mr. Sunny Lee Wai Kwong, Vice President (Administration) of CityU and Managing Director of CityU Enterprises Limited, respectively. , and witnessed by Dr. Chung Wai Keung, David, JP, Deputy Director of the Innovation and Technology Bureau of the Government of the Hong Kong Special Administrative Region; Dr. Raymond Leung, CityU Council Member and Chairman of the Board of CityU Enterprises Limited and Prof. Yang Mengsu, Michael, Vice President (Research & Technology) and Executive Committee Chairman of HK Tech 300.

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