Category Archives: Hong Kong Startup

Hong Kong Startup

InvestHK announces 2013 StartmeupHK Venture Programme finalists

InvestHK

Invest Hong Kong (InvestHK) is pleased to announce today (October 11) the 12 finalists of its 2013 StartmeupHK Venture Programme.

They include five ventures from the US, two each from India and Canada, and one each from New Zealand, Hong Kong and Israel. Their businesses range from opthamology solutions to biomedical data research, the recycling of oil-based waste for clean fuel and more (see table over).

Each venture was chosen by the assessors for the scale of the problem or opportunity being addressed, the effectiveness of the solution and its impact, the venture’s viability, sustainability and scalability, and the economic benefit to Hong Kong in terms of knowledge and skills, job creation, social and environmental value and more.

The 12 finalists will take part in the StartmeupHK Week from December 2 to7 in Hong Kong. At the culmination of this year’s programme, the Venture Forum on  December 5, three Grand Award Winners will be chosen by the judges and forum attendees.

The 2013 StartmeupHK Venture Programme was launched in July, as part of InvestHK’s global initiative to encourage start-ups to set up business in the city. The Department received 384 entries from 39 countries and cities including the US, Israel, the UK, Canada, India, Malaysia, Korea, Japan, Hong Kong and others.

InvestHK

InvestHK’s Director-General of Investment Promotion, Mr Simon Galpin, said that the StartmeupHK Venture Programme should help to put Hong Kong on the global start-up map. “It is important for Hong Kong to seize the opportunities brought by start-ups and to grow the city’s start-up ecosystem. I believe that the StartmeupHK Venture Programme is a terrific way to focus attention on this fast-growing segment of our economy,” he added.

Mr Galpin added that the upcoming StartmeupHK Week is a collaborative effort by InvestHK and the broader start-up community in the city to generate awareness of Hong Kong’s potential as the regional hub for entrepreneurs. He anticipates that more than 500 people in the local and overseas start-up communities will gather in Hong Kong between December 2 and 7 for various events on the city’s start-up environment and its opportunities.

“The week-long programme will connect entrepreneurs with investors and business mentors in one of the largest scale events of its kind ever staged in Hong Kong,” Mr Galpin said.

Details of the StartmeupHK Venture Programme 2013 are available on the dedicated websitewww.startmeup.hk. The site offers a one-stop portal to the city’s start-up community, and is the first such Hong Kong Government portal on start-ups. It also lists the latest start-up events and signposts users to various government incentive and incubation schemes.

Invest Hong Kong 2013 StartmeupHK Venture Programme finalists

Name of Company Origin Business
D’Arcy Polychrome Ltd New Zealand Polychromatic dry granulated pigment
Forus Health Pvt Ltd India Mass-screening opthamology solution
Global Spatial Technology Solutions Canada Air and maritime traffic data management
Hanson Robotics US Humanoid robot manufacturing
IT Central Station Israel Social media platform for enterprise technology
J Plus Corporation Ltd Hong Kong Sports coaching application
Phoenix Depot International Inc Canada Recycling of oil-based waste for clean fuel
Pinnacle Engines US Energy-efficient engines
Sanguine Biosciences, Inc US Biomedical data research
VajraSoft Inc US Intellectual property management solution
Wifinity Ltd India IoT (Internet of Things) semiconductor
Zimfly, Inc US Mobile Building Information Modelling (BIM) system

 

About InvestHK

InvestHK is the department of the Hong Kong Special Administrative Region (HKSAR) Government established in July 2000 to take responsibility for Foreign Direct Investment (FDI) and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong’s vibrant economy. As at 2 September 2013, InvestHK has completed 3,000 investment projects creating 33,950 new jobs in the first year of operation or expansion and over HK$78.6 billion of investment. For more information, please visit www.investhk.gov.hk.

InvestHK launches StartmeupHK Venture Programme to boost Hong Kong’s position as world’s most promising start-up hub

Invest Hong Kong (InvestHK) today (July 9) announced the launch of its StartmeupHK Venture Programme 2013 to attract local and overseas entrepreneur-led businesses to set up or expand in Hong Kong.

InvestHK

The Venture Programme features a global competition for innovative and high-impact entrepreneurs. It will culminate in a week-long event in December 2013 in which 12 shortlisted finalists will be provided with access to business partners, financial capital, market knowledge and marketing opportunities. They will also compete to win prizes including free advisory services such as accounting, legal, design and branding services, plus free work/retail space provided by sponsors and programme partners.

Entries can be lodged until the closing date of August 26, 2013. First-time or serial entrepreneurs who have an interest in expanding globally via Hong Kong and lead an early to growth stage venture are eligible to enter.

An assessment based on the team’s vision and competency, the value proposition of the business, the business model and the potential benefits to Hong Kong will see the 12 overseas finalists flown to Hong Kong for the final stages of the competition between December 4 and 7. After pitching their businesses to a panel of judges and Hong Kong’s business community at a forum, six finalists will be selected to compete for three Grand Awards.

Judges and speakers at the forum on December 5 will include heavyweights in the local and global start-up and venture capital industry: the founder of global venture capital firm Draper Fisher Jurvetson, Mr Timothy Draper; the Executive Vice President, Strategy, Schneider Electric, Mr Michel Crochon; the Chief Representative of Silicon Valley Bank, China, Mr Mike Yahng; the CEO of investment firm Golien, Mr Max Burger; the Vice President of Asia Pacific, China and Japan, Strategy and Business Development, for global health services provider IMS Health, Mr Andy Liu; the founder and CEO of digital solutions company Outblaze, Mr Yat Siu; the Executive Director and Group Chief Financial and Operating Officer of MF Jebsen, Mr Alvin Miu; the Publisher and CEO of WealthAsia Group, Ms Elsa Pau; and Co-Chair of the Hong Kong Venture Capital and Private Equity Association’s Venture Committee, Mr Marvin Lai.

InvestHK

The Secretary for Commerce and Economic Development, Mr Gregory So, said, “Make no mistake, start-ups and entrepreneurs make significant contributions to Hong Kong. At a time when the world is facing ongoing economic uncertainty, we need new drivers to be able to generate economic growth, jobs and innovation in future.

“What InvestHK is doing to promote Hong Kong as a premier start-up destination in Asia and attract start-up entrepreneurs will help build the city’s start-up ecosystem – an ecosystem where overseas and local entrepreneurs can meet, exchange ideas, discover synergies and access markets, capital and talent together,” he said.

The Director-General of Investment Promotion, Mr Simon Galpin, said that in the past two to three years, InvestHK has seen a rising number of entrepreneurs setting up business in Hong Kong; the percentage of such projects in InvestHK’s portfolio has risen from less than 10 per cent to over 15 per cent in 2013.

“These businesses may start small and employ only a few people in the beginning, but they also create jobs through outsourcing some of their activities to local service providers. In fact, some of these businesses grow very quickly, employing 50 or more people within one to two years,” Mr Galpin said.

“And just as, if not more, important are the innovative business ideas and skills they bring to Hong Kong, which lend further competitive advantage to our economy in the long run,” he added.

Details and the online entry form for the StartmeupHK Venture Programme 2013 are available on InvestHK’s dedicated website www.startmeup.hk. The site offers a one-stop portal to the start-up community in the city, and is the first such Hong Kong Government portal on start-ups for entrepreneurs. It also lists the latest start-up events and signposts browsers to various government incentives and incubation schemes.

About InvestHK

InvestHK is the department of the Hong Kong Special Administrative Region Government established in July 2000 to take responsibility for Foreign Direct Investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong’s vibrant economy. As at June 2013, InvestHK has completed over 2 900 investment projects creating more than 33 000 new jobs in the first year of operation or expansion and over HK$76 billion of investment. For more information, please visit www.investhk.gov.hk.

Start Me Up HK Ventures Programme Launch!!

InvestHK is launching a new Start Me Up HK Ventures Programme

Article is contributed by Rachel Chan, Founder and Chief Catalyst, INNOFOCO

InvestHK, a HKSAR Government department, is launching a new Start Me Up HK Ventures Programme with a similar scope to the MaD Venture programme (but without any age limit to the founder). Given InvestHK’s resources and global network of offices, we believe that they are in a better position to grow the venture programme on a sustainable basis. As such, we decided not to run the MaD Ventures Programme but instead I am helping InvestHK to run the Start Me Up HK Ventures Programme.

Start Me Up HK Ventures Programme

In essence, the Start Me Up HK Ventures Programme aims to help early to growth stage, innovative and high impact ventures develop their global businesses.  12 high potential entrepreneurs from around the world will be invited, through an open application process, to attend a 4-day programme in Hong Kong in the first week of December 2013. They will have the opportunities to pitch to potential investors and business partners, network with the entrepreneurial and business communities, obtain expert advice from business leaders, and attend leading design, innovation and technology events in Hong Kong. Three Grand Award Winners will be further selected from the 12 finalists. They will be awarded with free business matching, legal, accounting and design services, free work space, media exposure and marketing opportunities.

Start Me Up HK Ventures ProgrammeThe Start Me Up HK Ventures Programme will be open to applications from 1 July – 19 August. We are in the process of finalising the Programme details. I hope we could have the continuing support of NextupAsia in helping to promote and share the news of the Programme. We shall acknowledge your valuable support on the programme website and programme brochure. Many thanks!

 

Article is contributed by Rachel Chan, Founder and Chief Catalyst, INNOFOCO

 

Perspectives of Startup Hire

A good idea is worth nothing if there are no talents that come together to build a good product/platform and drive the business thereafter. Like all other business, Startups which are at their early stage need to grow their traction, revenue and scale their business further. The need for Startup hire often come for the main purpose of growth, increasing resources as well as filling up gaps within the existing team. Continue reading Perspectives of Startup Hire