Two organisation members of the Hong Kong Baptist University Foundation, CATALO Natural Health Science Limited and Wai Yuen Tong Medicine Company Limited, have been named among the inaugural “New Industrialisation Elite Enterprises” by the Innovation, Technology and Industry Bureau of the HKSAR Government on 5 October 2026. The assessment was based on core criteria including research and development capabilities, growth potential, local contributions and ecosystem impact.

The “New Industrialisation Elite Enterprises Nurturing Scheme” aims to nurture high-growth enterprises developing in Hong Kong. The inaugural edition received over 100 nominations, with eight enterprises ultimately receiving this honour.