On October 27, 1993, Hong Kong SuperNet, initiated by Computer Science and Engineering faculty and staff and later transferred to HKUST R and D Corporation, made its debut, providing business and individual subscribers with low-cost internet services in Hong Kong. The service marked HKUST’s first business venture, with Hong Kong SuperNet also becoming the first licensed internet service provider in Hong Kong. It was sold three years later for over HK$36 million, 23 times more than its initial investment, providing a sterling example of successful knowledge transfer from the earliest days of HKUST.