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Announcement of Corporate Innovation Index 2024 Results and IABMS Award Recognition

The Asia-Pacific Institute of Business (APIB) at The Chinese University of Hong Kong (CUHK) announced the results of the Corporate Innovation Index (CII) 2024 at the Awards Presentation Ceremony and Forum on 9 December at the University’s Cheng Yu Tung Building. The event celebrated the achievements of top performers in the second CII. The CII findings highlight the significance of cultivating an innovation-driven culture and accelerating digital transformation to enhance competitiveness and strengthen Hong Kong’s position as a leading regional innovation hub.

This year’s index recognised the achievements of Hong Kong enterprises in innovation leadership, business performance and business model enhancement. As far as sectors are concerned, financial services and fintech, healthcare and biotech, and information technology led the way. Despite economic challenges, top-performing companies demonstrated resilience in sustaining their innovation efforts. Evaluated separately for the first time, SMEs showed significant potential.

The International Association of Business Management Simulation (IABMS) is proud to announce that it has been awarded the prestigious One Star Prize at the SME Corporate Innovation Index 2024 Awards. This recognition underscores our commitment to enhancing experiential learning in the context of business education within Hong Kong's dynamic digital landscape.

At IABMS, we believe in the transformative power of experiential learning, which allows students to engage deeply with real-world business scenarios. Our simulations provide a hands-on approach to understanding complex business concepts, enabling students to develop critical thinking and decision-making skills essential for success in today’s fast-paced market.

As we navigate the rapidly evolving digital environment in Hong Kong, our mission remains focused on fostering a culture of creativity and innovation. We strive to equip students with valuable insights into the numerous challenges and opportunities that businesses face in our city. By encouraging a proactive mindset and an entrepreneurial spirit, we aim to prepare the next generation of business leaders to thrive in an increasingly competitive landscape.

This award is not only a testament to our efforts but also a motivation to continue enhancing our programs and expanding our impact on both students and the broader business community. We look forward to furthering our mission and contributing to the growth and development of Hong Kong's business ecosystem.

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