Fano Labs awarded as the 1st runner up at the New World Innovation Challenge 2021.
The New World Development (00017) Innovation Challenge came to an end. The Hong Kong real estate technology start-up Carnot Innovations and artificial intelligence start-up Fano Labs won the championship and runner-up respectively. During the interview, the two companies revealed that they will discuss with New World to apply their solutions to their projects. In the future, apart from Hong Kong, they also intend to expand overseas markets.
The runner-up Fano Labs focuses on language artificial intelligence development. Chief scientist Dr. Albert Lam said that Hong Kong's language environment is unique and Chinese and English are mixed, but Fano's solution can automatically recognize and switch languages and can serve the Hong Kong language environment, which is a major feature of the product.