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HONG KONG

STARTUP ECOSYSTEM TOOLBOX

V.2
W Hub is an online platform where startups make
meaningful connections to develop their business.
W Hubs mission is to support the community with 3 pillars:

Community Discovery:
Connections to events, conferences, startups and
influencers

1,100+ 2,000+ Jobs and Talent:


Job-seeking professionals listed on the platform,
STARTUPS TALENTS looking to make the leap into startups

175+
JOBS/MONTH
Investor Connections:
An offline resource to connect startups ready for
growth to the W Hub investor pool

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DISCLAIMER
The following report aims to share insights into the startup
ecosystem in Hong Kong. It is based on external information, our
observations and opinions. It is not exhaustive and cannot be
considered as such. We do not receive financial incentives from the
organisations, startups, companies or individuals listed in the report.

The report has been prepared in good faith and with no intention to
promote or diminish certain organisations, startups, companies or
individuals in particular.

We see this report as a tool to raise awareness and help educate


external observers about who and what makes up the startup
ecosystem in Hong Kong.

We offer our sincerest apologies if any offence is taken, and we will


review any feedback sent to hello@whub.io

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CONTENTS
Introduction to the Hong Kong Startup Ecosystem

Startups in Hong Kong

Community Builders

Government Support & Universities

Incubator & Accelerator Programs

Competitions & Events

Talents Corner

Co-working Spaces

Venture Capital

Resources

References

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INTRODUCTION TO THE
HK STARTUP ECOSYSTEM

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1 INTRODUCTION TO THE HK STARTUP ECOSYSTEM

One Country, Two Systems


After 155 years of British rule, the sovereignty of Hong Kong was transferred
back to China in 1997. Yet Hong Kong remains some what independent from
the mainland.

As with Macau, Hong Kong is a part of China, but operates as a Special


Administrative Region (S.A.R.). Both regions retain their own capitalist
economies, while the rest of China uses the socialist system. Each of the
three regions is able to have their own currency, legal, economic and political
systems, including foreign policies.

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1 INTRODUCTION TO THE HK STARTUP ECOSYSTEM
Overview

GDP
US $307.3B Retail Sales Growth
(2015) + 2.8% (Q2 2016)
Capital
US $42,000

Growth
180 times
Labour Force
3,940,800
(2/2016- 4/2016)
Startup Ecosystem Value
US$2.8 - 3.5 Billion (2015) $
between 1961
to 1997.
Unemployment Rate
3.3% (2015)

IMF ranks HK Population


7,324,300 (End-2015)
17th globally *
1M fewer people than
New York
Sources:
http://www.censtatd.gov.hk/home/index.jsp
http://blog.compass.co/hong-kong/
* HK ranks 17th in terms of GDP per Capita

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1 INTRODUCTION TO THE HK STARTUP ECOSYSTEM

About Hong Kong


As one of the worlds leading international financial Easy
centres, Hong Kongs service-oriented economy is A diverse and safe
characterised by its low taxation, almost free port trade ecosystem
and well established international financial market,
Ultra-
built on a long history of trade and commerce. connected
Rapidly population
Hong Kong is ranked first as the freest economy in the growing Why Choose
world. Starting a business is easy and safe. ecosystem Hong Kong?

Technological
Startups are defined by disruption and growth. Hong infrastructure
Kong is uniquely positioned to allow fast and high Close to China:
scalability. Products can be tested quickly by its hyper- One Belt One
connected population. The proximity to the Pearl River Road
provides easy access to manufacturing and supply Close to China:
manufacturing
facilities. The potential opportunity to supply half of the
hub
worlds population can also add impressive growth power.

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1 INTRODUCTION TO THE HK STARTUP ECOSYSTEM
Why Choose Hong Kong?

Easy & Safe

# 1
MOST COMPETITIVE
# 3
LEAST CORRUPTED
# 7
PLACE FOR OVERALL
CITY TO DO BUSINESS ECONOMY IN ASIA GLOBAL COMPETITIVENESS

4 8
FOR PROTECTING
MINORITY INVESTORS
# #
FREEST ECONOMY SIMPLEST EASIEST CITY TO
TAX SYSTEM START A BUSINESS
BEST BUSINESS CITY IN THE WORLD

15
IN THE WORLD

5
IN PATENT
BEST CITY FOR
# # APPLICATION
BUSINESS EVENTS
FASTEST GROWING
STARTUP ECOSYSTEM
ECONOMIES IN
EASIEST PLACE 16/129 THE MOST SECURE
TO DO BUSINESS IP PROTECTION

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1 INTRODUCTION TO THE HK STARTUP ECOSYSTEM
Why Choose Hong Kong?

Ultra Connected Population

Social Network

4.65M 64% 96%


ACTIVE INTERNET TOTAL POPULATION SMARTPHONE USERS
USERS ACTIVE SOCIAL MEDIA BROWSE INTERNET 4.4M 1M
USERS DAILY
USERS USERS

Internet Speed

# 1 FOR INTERNET SPEED:


105 MB/s (2016) #2
FASTEST AVERAGE
MOST CONNECTED IN NETWORK PEAK INTERNET
PLACE GLOBALLY READINESS INDEX CONNECTION SPEED
IN ASIA 101. MB/s

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1 INTRODUCTION TO THE HK STARTUP ECOSYSTEM
Why Choose Hong Kong?

Ultra Connected Population

Mobile

16.6M 230%
# 1
SMARTPHONE
# 12 MOBILE SUBSCRIBERS MOBILE PENETRATION
RATE
LARGEST APP MARKET
PENETRATION IN ASIA IN THE WORLD 62% 23%
ANDRIOD USERS IOS USERS

Internet

17,000+
~US $3.5B $535 96% FREE WIFI HOTSPOTS
E-COMMERCE AVERAGE ANNUAL OF POPULATION ACROSS THE CITY
MARKET SIZE SPENDING ONLINE ACTIVELY BROWSE > WILL INCREASE TO
PER USER ~30 MINS DAILY 34,000 WITHIN NEXT
3 YEARS

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1 INTRODUCTION TO THE HK STARTUP ECOSYSTEM
Why Choose Hong Kong?

Technological Infrastructure

# 1 IN THE WORLD

RELATED GLOBAL RANKINGS:

#1
FIXED TELEPHONE
TARIFFS/LOCAL CALLS
#2
MOBILE PHONE
MOBILE PHONE COSTS/LOCAL CALLS
SUBSCRIBERS PER
1,000 INHABITANTS
13M
INTERNET MOBILE SUBSCRIBERS
BANDWIDTH

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1 INTRODUCTION TO HK STARTUP ECOSYSTEM
Why Choose Hong Kong?

Close to China: Manufacturing Hub

- Close to Shenzhen: 15 minutes from Kowloon to Shenzhen.


- Close to the Pearl River Delta: the manufacturing hub of China and
the world.
- The mainland and Hong Kong Closer Economic Partnership Arrangement
(CEPA) enables easier access to the mainland markets for Hong Kong-made
products and Hong Kong-based service companies.
- Foreign investors can partner with a certified Hong Kong Service Supplier to form
wholly-owned enterprises in the mainland to carry out various types of
ICT services.
- *Hong Kong was the sixth largest source of technology imports for the Chinese
mainland in terms of contract value (2.6% of the total).

*According to 2014 figures from the Ministry of Science and Technology

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1 INTRODUCTION TO THE HK STARTUP ECOSYSTEM
Why Choose Hong Kong?

Close to China: One Belt One Road

Belt and Road Development (One Belt One Road)

When?
In autumn 2013, president of the PRC, Xi Jinping,
announced the One Belt, One Road (OBOR) initiative.

Who had the idea?


Xi Jinpings ambitious strategic initiative explained how
Hong Kong can seize a key role in the initiative.

Who is involved now?

Involves 65 countries
representing a third of the
worlds total economy
4.4 billion people
63% of worlds population
40% of global GDP

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1 INTRODUCTION TO HK STARTUP ECOSYSTEM
Why Choose Hong Kong?

Close to China: One Belt One Road

What is the potential?


Hong Kong can take up three main roles for the One Belt One
Road initiative:

Raising Funds: Hong Kong has a unique


competitive advantage as a fund raising hub, as
it is the largest centre of offshore renminbi in the
world.

Building Infrastructure: There are huge


opportunities for Hong Kong firms as the city
has several companies which have proven their
efficiency (i.e MTR Corp).

Global Expansion: Hong Kong can develop


business links with countries participating in the
project.

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1 INTRODUCTION TO THE HK STARTUP ECOSYSTEM
Why Choose Hong Kong?

Growing, Diverse Ecosystem

Hong Kongs startup ecosystem is very diverse in multiple aspects:

1. Benefiting from its long history in international trade, as a logistic hub


and financial centre, startups are disrupting a huge variety of industries
and sectors.

2. In terms of gender diversity, it is 2nd in the world for the number of


female entrepreneurs (45% of entrepreneurs are women).

3. 57% of startup founders are Hong Kong citizens, while the remaining
founders are foreign and mainland Chinese.

4. There are eight main industry verticals in Hong Kong. Hardware /IoT
(Internet of Things) and FinTech are notable (11% and 8% respectively),
however E-commerce is the dominant startup sector (25%) followed by
SaaS (Software as a Service - 13%).

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1 INTRODUCTION TO THE HK STARTUP ECOSYSTEM
Why Choose Hong Kong?

Growing, Diverse Ecosystem

2,500+ Startups in Hong Kong


Distribution of Popular Startup Sectors
SOCIAL 8%
10% ADVERTISING

EDUTECH 8%
10% ENTERPRISE

8% FINTECH
HARDWARE/
IOT 11%
7% B2B

SOFTWARE 13%

25% E-COMMERCE

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1 INTRODUCTION TO THE HK STARTUP ECOSYSTEM
The Entrepreneurs Voice

- Augustin Ceyrac, Easyship

People in this city are clued


into global trends:; people are eager to
hear and try new ideas. We have fantastic
support structures in Hong Kong to
facilitate a startup...there is always a
channel available to get help from.

- Mehdi Ferradj, Kawa

- Vincent de Saint Exupery, LCCS

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1 INTRODUCTION TO THE HK STARTUP ECOSYSTEM
The Entrepreneurs Voice

- Tania Cheung, Miss Runner

"1. Supportive startup community


2. Diverse background
3. Very open with sharing input
4. Accessibility and number of events
5. Helpful organisations".

- Anita Chan, Sam the Local

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1 INTRODUCTION TO THE HK STARTUP ECOSYSTEM
The Entrepreneurs Voice

There is good talent in the Starting a company is technically Hong Kong has the best
finance sector. very easy in Hong Kong, as the infrastructure to start a business: from
incorporation procedures are registering a company; to setting up
- Julien Labruyere | 4xLabs quick and straightforward. logistics to the tax-free environment,
so it actually saves a lot of headaches
- Loubna Halty Ferreira | on the operations end.
Bahia Cosmetics
- Stephanie Poon | Zarie

The local labour market offers quality talent and


if we need to look to hire someone from outside
the territory, there is a standardised, straight
forward process for getting talent into Hong
The financial literacy here is stronger
Kong. The local laws in that aspect are made with
than in most other places in SEA so
the understanding that there is a need for quality
people get the value proposition of
talent immigration.
the product/service much faster.
- Patrick Kosiol | Swapit
- Stefan Bruun | CompareAsiaGroup

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1 INTRODUCTION TO THE HK STARTUP ECOSYSTEM
The Entrepreneurs Voice

The startup system in Hong Hong Kong is the known to The diversity mixed with the
Kong is great and is open to among the top financial centre of density makes Hong Kong a literal
sharing and supporting new the world. Hong Kong has great concrete jungle of east-meets-
entrepreneurs. infrastructure in terms of mobile, west fusion. Hong Kong serves as
internet, power, bandwidth and a proving ground for startups that
- Nicole Denholder | Next people which countries like intend to go after the two largest
Chapter Ventures Philippines, Indonesia lack in internet markets in the world: China
Southeastern Asia. and the US.

- Mukesh Bubna | Monexo - Vivian Peng-Williams | Hausie


Innovations Limited

There is no location within the city confines that can


truly be considered remote, and everything is so
convenient - this opens up a lot of opportunities for Hong Kong is an ideal place to start
people to try something new and share something up because of its complete
that theyre passionate about with the community. financial institution ecosystem.

- Vince Siu | Press Start Hong Kong - Juwan Lee | NexChange

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1 INTRODUCTION TO THE HK STARTUP ECOSYSTEM
The Entrepreneurs Voice

There are more opportunities for networking, Its in every Hong Kong citizens DNA to be entrepreneurial
making it easy to get in touch with successful and business savvy. With a highly educated and innovative
entrepreneurs who are always enthusiastic population, no one in their right mind would bet against Hong
when it comes to sharing advice. Kong being able to rise to the occasion.

- Amina | Mao Loves Art - Kenneth Chan | Paperlss

It is well connected, diverse The startup ecosystem has been maturing and
and multi-cultural. there are connections to China and the wider
APAC region... E-commerce is just taking off in
- Pushpendra Sharma | Hong Kong, so there are advantages of being
Spacegenie an early player in the market.

- Yosha Gupta | LafaLafa

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STARTUPS
IN HONG KONG

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2 STARTUPS IN HONG KONG

About Startups
Currently Hong Kong has only WeLab to
call its near-unicorn, however the city is
capable of nurturing successful startups.
There is a reliable infrastructure, access to
resources (R&D, talent, money), a proximity
to large pools of customers and an
ambitious younger generation.

While the number of exits, amount of


money raised or startup growth rate cannot
prove the success of an ecosystem alone,
it is important to note that Hong Kong
is a place where to expect, and look for,
exciting (ad)ventures!

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Hong Kong Startup Founders

2016: 2,500+ Startups (> +60%) Local Founders of Top 50 Startups


2015: 1,558 Startups (+56%)*
2014: 998 Startups
*As of August 2015 (Invest HK)
57%

in Hong Kong

23%
Aspiring Young Entrepreneurs
in Singapore
~ 3/4

Age Distribution of Entrepreneurs

< 35 years old

44%
Common Barriers for Young
Entrepreneurs

62.9% Lack funding


43.4% Fear acute competition
38.2% Face high rents

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Startups Receiving Funding

Startups Receiving Funding in Comparison to Silicon Valley

100% 100% 100%

NORMAL 75%
SERIES A 75% 75%
25%
SEED
25% 25%
SERIES B

50% 50% 50%

HONG KONG
SINGAPORE
NEW YORK CITY
Hong Kong does not have a funding gap between
Series A and B rounds, due to its long history of being
a leading international financial centre. However
there are few late-stage funding rounds which shows
that the city has a lack of high potential late-stage
startups to invest in.

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The Unicorn

WeLab
Founded in 2013, WeLab operates WeLend, a P2P lending platform in Hong Kong, and Wolaidai, a
mobile lending platform in China.

WeLab has raised US$180M in 2 rounds - US$20M in January 2015 and US$160M in January 2016.

The Series B round was led by Khazanah Nasional Berhad, with participation from ING Bank and
Guangdong Technology Financial Group.

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Recent Exits/IPO

Plukka Lucibel Designs


An online marketplace for A company specialised in LED
unique designed jewellery. lighting solutions for commercial,
industrial and residential
Went public on Dec 3, 2015 / applications.
ASX:PKA
Strengthened net equity by 17M
Raised US$1M in 1 round of
funding from Fresco Capital. (around USD $19M) . Went public
on Alternext Paris in July 2014.

ZNAP Alive not dead


A mobile business platform A online platform that connects
that optimises transactions, artists with job opportunities and
developed by MPayMe. offers international networking
opportunities.
Acquired by Powa Technologies
in June 2014 for US$75M. Acquired by mig33 in
February 2014.

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Recent Exits/IPO

Pacnet jobsDB
A telecommunications service A jobs search engine in Asia.
provider in Asia during
2008 - 2015. Sold for US$206M to rival site Seek
Limited in 2011.
Sold for US$697M to Australian
telecoms giant Telstra.

Divide
A productivity app that
synchronises work email, calendar
and contacts on mobile devices.

Acquired by Google in May 2014


for US$120M.

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Recent IPO

Guru Online (Holdings) Limited

As of May 2015:
Number of Placing Shares: 448,000,000 Shares

Placing Price: Not more than HK$0.25 per Placing Share


and not less than HK$0.21 per Placing Share

Nominal Value: HK$0.01 per Share

Founded in 2007, Guru Online (Holdings) Limited helps companies


maximise marketing ROI.

Digital advertisement placement services, social media management


services, creative and technology services, and internet marketing
platform engagement are the four main activities of the company.

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Funds Raised

Analytics
$53.05M in 4 rounds from 10 investors
including Cowboy Ventures, Founders
$1M raised from 500 Fund, Madrona Venture Group, Marc Bell
Startups Ventures and New Enterprise Associates

Klarity is an analytical engine that


Branch is a business analytics platform
allows users to monitor brands and
that helps mobile apps grow. It focuses
gather insights on competitors social
on developing mobile deep linking
performance.
technology.

$1.5M in 1 round from $1.6M raised in 1 round


Vectr Ventures from 4 angels

Lamplight Analytics is a social media Notey is a technology and media


intelligence platform that offers company featuring the top stories from
insights into online conversations, thousands of publishers globally.
helping users understand customers
and competitors better.

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Funds Raised

E-Commerce
> $6M in 4 rounds from 500 Startups,
Big Blom Investment, Bluebell Group,
$1.24M in 3 rounds Golden Gate Ventures, MindWorks Ventures
from 9 investors and Alibaba Entrepreneurs Fund

Shopline is an e-commerce platform for Grana is an online clothing store that


creating online shopswithout having to ships high-quality clothing globally,
code. It focuses on the Southeast Asia specialising in making affordable
market. wardrobe essentials.

$1.2M in 1 round from 4 investors Undisclosed amount in


including aCommerce, Ardent Capital, 1 round from Alibaba
Vectr Ventures and VPG Asia Entrepreneurs Fund

Floship is a global logistics solution, YEECHOO.com is an online designer clothing


shipping goods directly form Hong rental platform providing dresses for different
Kong to customers worldwide. Floship occasion made by a selection of designers.
provides e-commerce and crowdfunding They revolutionise the fashion industry and
fulfillment. give people access to remarkable luxury
experiences.

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Funds Raised

E-Commerce

$41.8M in 3 rounds from 500 Startups, Undisclosed amount in 2


QuestVC, Sequoia Capital, Rakuten rounds from Aria Ventures
Ventures and Golden Gate Ventures (March 2016)

Carousell is a community marketplace Swapit is a location-based trading app,


that allows users to sell and purchase which allows users to buy and sell goods
all kinds of new and secondhand good near them.
with ease.

$3.8M in 2 rounds from 4 investors $1.62M in 1 round from 2


including East Ventures, Gary Vaynerchuk, Investors including Ardent
Metamorphic Ventures and Vayner/ RSE Capital and Chryseis Tan

Bindo is a cloud-based iPad Point-of-Sale Goxip is a fashion discovery platform


system with multiple customisable features that allows users to find fashion items
for retail and restaurants. by uploading a photo and shopping
suggestions from the website.

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Funds Raised

EduTech

$1M raised from HKSTP $1.8M in 2 rounds from 2 investors


Corporate Venture Fund (CVF) including Arthur Kho and SOSV.

ShowMuse is a video tutorial app that allows Snapask is a mobile app that provides
users to keep learning outside of the classroom. on-demand homework help for students.
ShowMuse is an incubatee of HKSTPs Incu-Tech Users take photos of difficult questions and
programme for technology startups. have answers matched or connect with
tutors.

Real Estate

$644K raised $3.5M in 2 rounds

room launched Hong Kongs first Spacious is an online real estate


virtual reality application, using marketplace that connects tenants to
professional virtual reality photography properties in Asia. It combines superior
equipment and software. user experience with powerful analytical
tools.

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$1.18M in 1 round from 5 investors including 500
STARTUPS IN HONG KONG Startups, Ceyuan Ventures, Crosspacific Capital
Funds Raised Partners, Digital Currency Group and Lightspeed
China Partners

FinTech Melotic, Inc. is a digital asset exchange which aims to be a


liquidity provider to facilitate conversions between numerous
digital assets.

$15M raised

ANXBTC.com is a 24 hours digital assets trading $4.5M in 1 round from


platform that allows users to buy and sell Bitcoin PGA Venture Partners
crypto-currency, simplifying the trading process.
Quantifeed is a financial technology company that services
financial intermediaries and institutional investors.

$500K raised from a Japanese


investment company

$1.1M in 2 rounds from 7 investors including


Bigcolors, Big Bloom Investment, Click Ventures,
Gatecoin is a regulated Money Service Operator- Innotech Capitals, Justin Dry, Kim Ventures and
Andre Eikmeier
licensed digital currency exchange that focuses
on security, reliability and transparency.
Oddup is a data-driven research platform that provides analysis
on startups, providing new investors more information to be
able to finance startups across the world.

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Funds Raised

IoT/Hardware
$500K in 2 rounds
$217.84K Product Crowdfunding from Asgard Capital

Omate offers hardware and software Soundbrenner has created the worlds
solutions, allowing fashion and jewelry first wearable smart device for musicians,
brands to design wearables. combining its hardware products with
mobile and desktop apps.

BioTech
$12.65M in 2 rounds from Ping An
Ventures, Venturra Capital, Capital Undisclosed amount in
Union Investments, 500 Startups 1 round from 1 investor
and COENT Venture Partners (Jan 2015)

Prenetics is a DNA bio-technology Vitargent is a bio-technology company


company focused on providing parents providing innovative sensing solution
a higher level of pre-natal care which is with their FET test technology. Their
highly accurate, safe, and non-invasive. toxicity screening methods can be used as
alternatives to animal testing.

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Funds Raised

Mobile

$1.18M invested by $2M in 2 rounds from investors


Central Exchange including Sprout Capital and
SEGNEL Ventures

Storellet is a platform to facilitate CallFixie is a platform that connects


shops and merchants to create and businesses and households to end-to-end
manage their loyalty systems and infrastructure maintenance and repair
better leverage mobile to promote to services.
their loyal customers.

$1.04M in 3 rounds from 4


investors $600K raised from Hong Kong
and Israel-based investors

SensBeat is a mobile app that Bloom Me is a spa and beauty booking


allows users to share their stories and application that allows customers to
communicate with their friends reserve beauty treatments across the
through music. city.

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Funds Raised

Logistics
$1.0M raised
$1.1M from SIG, Caldera
Pacific and Gabriel Fong

AfterShip is a shipment tracking


OpenPort are the first neutral mobile platform for application and API for eCommerce
enterprise supply chain management in emerging retailers and buyers.
markets, directly connecting shippers and carriers in
order to reduce cost, improve performance and drive
continuous supply chain optimization.

$30M in 3 rounds from $26.54M in 6 rounds


6 investors, including from 9 investors
MindWorks Ventures, including Alibaba and
Crystal Stream, AppWorks, Centurion undisclosed
Aria Group and Asia Plus

Lalamove is an online platform that GoGoVan is an mobile application Easyship is a tech startup
connects users with professional drivers, that connects van and truck drivers that provides logistics
simplifying the delivery process and with customers to provide a delivery solutions
revolutionising the logistics industry. service and improve logistics to e-commerce
efficiency. merchants.

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Funds Raised

Technology

$3.34M in 3 rounds from $1.9M raised


Sustainable Development
Technology Canada

Nanoleaf is a green technology Chinese University Hong Kongs research


company that focuses on transforming project on the Vision-based Intelligent
traditional illumination into something Forklift AGV System, built on advanced
sustainable. robotic and automation technology.

Travelling
$6.5M in 2 rounds from 6 investors
including China Growth Capital, $5.66M in 2 rounds from 3
Cyberport Hong Kong and Matrix investors
Partners

Klook is a online platform that HotelQuickly is a mobile application


provides a selection of special travel that allows users to reserve hotel in
experiences for users to reserve. discounted rates throughout Asia Pacific.

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Funds Raised

Gaming

$41.25K in 2 rounds $2M in 1 round

Playto develops learning tools that helps Fifth Journey is a gaming startup
children to learn life skills like concentration, that develops Hollywood games and
organisation and mindfulness through mobile entertainment, with the latest
playing games. advancements in AR and VR technologies.

Legal (SaaS) Social Media

$1.5M in 1 round $3.8M raised $1.49M in 4 rounds from


4 investors including 500
Startups and Cherubic
Ventures

Dragon Law offers cloud-based legal Spottly is a social travel app


tools to help businesses get support and HYPEBEAST is the leading
online destination for mens that acts as a visual guide for
access to independent legal advice. you to discover places near and
contemporary fashion and
streetwear. far, handpicked by the Spottly
community.

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Funds Raised

Food & Beverage


$800K from 2 investors undisclosed from Alibaba
including Triplestar Capital Entrepreneurs Fund
and Swiss Founders Fund

CaterSpot is a software and logistics NOSH by Secret Ingredient hopes to


company who builds an online revolutionise the delivery industry by meeting
marketplace that connects companies the demands of the new lifestyle consumer with
and local caterers. speed, quality and efficiency.

Entertainment

$1.02M in 4 rounds from 3 Investors > $5.3M raised from Heyi Capital,
including Adam Lindemann, Fresco M Fund, 500 Startups and Alibaba
Capital and Yat Siu Entrepreneurs Fund

DayDayCook is an online platform that provides


Jamn develops innovations that allows
recipes through different channels. It also has an
users to discover and understand music,
e-commerce store the DayDayCook Shop.
with the aim to help users improves
their musical skills and knowledge.

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Rising Startups

myfairtool is a trade Riding the 4.0 digital Click Kit is an Advwhere is Asias
show solution that allows revolution, Steel Available is online marketplace Influencer Professional
companies exhibiting at disrupting the Steel Industry democratising the Network where users
trade shows to plan and supply chain, bringing in customization of can understand more
budget their event. definitive transparency, active wear and high about the myth of social
efficiency and sustainability. performance apparels. influencers and share
their world of influence
with passionate people
around the world.

BSD Code and Design Key2Cell is a B2B startup Made in Sense is disrupting the
Academy is a EduTech that enables marketers digital experience and the way
startup that provides to deliver high impact ads we consume technology by
workshops, courses and on any mobile device. It is enabling apps to talk not only to
programs related to web to mobile messages what your eyes and ears, but directly
and graphic design. Mailchimp is to emailing. to your heart via patented multi-
vibration technology.

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Rising Startups

Currenxie is a P2P Made in Genuine Weconvene is a Skipmenu facilitates


foreign exchange (Selinko) offers software that manages frictionless conversations
platform that serves as advanced technology interactions between between consumers and
FX and international against counterfeit wines investors, corporates and companies bypassing
payments for and spirits. sell side. annoying automated
corporates. phone menus.

EONIQ is a platform Heartisans is a uHoo is a hardware


for high quality healthtech startup that startup that develops
customised develops wearables indoor air quality
mechanical watches. to track users health sensors.
condition.

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Rising Startups

Urban Spring is a mission-focused Qupital is an Popmap is an online marketplace


start-up that is determined to online invoice trading platform. that allows users to shop from
address the plastic waste issue in Businesses receive immediate more than 900 boutiques from
Hong Kong. financing for unpaid invoices in a over 40 countries.
few clicks previously only accessible
by large institutions

Neat is an artificial intelligence company Deepsky designs and manufactures


doing finance. The artificial intelligence seamless digital screens with sub-
can establish so-called behavioral clusters millimetre pixel pitch, with tremendous
based on users spending habits. contrast and high brightness capabilities,
empowering clients to digitise even the
most demanding of environments.

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2 STARTUPS IN HONG KONG
Successful Crowdfunding Campaigns

US$215+K
US$296K Kello is a smart alarm clock that
offers users a variety of programs
Aumeo Audios aimed at changing your sleep
app provides a habits incrementally. US$160K
personalised audio
experience, tailored to EzeeCube is an open source, Apple
the listeners hearing. TV-like, entirely wireless device
that automatically syncs and sorts
photos, videos and contacts.

US$220K US$95K
Soundbrenner has Muku Shuttr is a bluetooth
created the worlds remote camera control.
first wearable smart
device for musicians.

US$31K US$115K
Huzi puts a new perspective Ambi Climate provides
into everyday objects by a smart add-on for your
combining functionality and home and business air
artistic sensibility.

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Crowdfunding in Hong Kong

Indiegogo
Indiegogo is a donation-based crowdfunding
platform available in 223 Countries and
territories including Hong Kong.

Success Story in Hong Kong


The Worlds Smallest 4K Camera - Mokacam
They raised more than $US 1 million, exceeding
its campaign goal by more than 1,333%
FringeBacker
(January 2016) FringeBacker is a bilingual crowdfunding
platform, in both English and Chinese.
More information here: FringeBacker provides several options for online
https://www.indiegogo.com/#/picks_for_you fundraising: direct fundraising for charities and
reward-based crowdfunding for startups.

Success Story in Hong Kong


HKFP - Hong Kong Free Press,
Successfully raised HK$588,417 (around
US$75,862) in June 2015, exceeding its campaign
goal by 392%.

More information here:


https://www.fringebacker.com/en/

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Crowdfunding in Hong Kong

Next Chapter
Next Chapter is a new rewards based crowdfunding
website for female entrepreneurs that launched in
early 2016.

Their focus is on businesses by women, creating


products and services that women will love. The
longer-term vision is to build a community of networks
and partnerships with other organisations, so that
female entrepreneurs gain access to the capital
and other resources they need to launch and grow
successful businesses.
Successful Campaigns
Check out latest campaigns:
https://nextchapter.com.hk Zarie DREAM Pants by Zarie.co
raised over US$16,000
Workspace for Female Artisans by
Knotsandstrokes.com
raised over US$8,000

Bi-lingual Childrens Book by Runem Ragged


raised over US$3,000

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2 STARTUPS IN HONG KONG
Crowdfunding in Hong Kong

Kickstarter
Kickstarter announces launch in Singapore and Hong Kong!
The reknowned crowdfunding platform Kickstarter will soon launch in its first Asian markets. Kickstarter
is currently available to project creators in 18 markets, including the United States, the United Kingdom,
Australia and some European countries.

https://www.techinasia.com/kickstarter-singapore-hong-kong-launch

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2 STARTUPS IN HONG KONG

FinTech
Facts and Figures

Acting as one of the leading international financial centres,


Hong Kong has an advantage to establish itself as a fintech
hub for the region.

According to a recent survey1 Hong Kong has


demonstrated a high adoption rate for fintech
services: 29.1% of Hong Kong citizens used at least
two fintech services products in 2015.

1
Survey conduted by Ernst & Young

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2 STARTUPS IN HONG KONG
FinTech / Background

HKMA-ASTRI Fintech Innovation Hub Sandbox

HK Monetary Authority collaborates with the HKMAs second initiative is the


Applied Science and Technology Research Institute Fintech Supervisory Sandbox:
(ASTRI) to set up the Fintech Innovation Hub:
This Sandbox allows banks to conduct testing and
It will be equipped with all necessary system trial of newly developed technologies and applications
and support resources to enable players of the on a pilot basis. Within the Sandbox, banks can try
banking and payment industry to conduct proof out their new Fintech products without the need
of concept trials of products and services through to achieve full compliance with the HKMAs usual
the use of new technologies, and do it safely as supervisory requirements. This will enable banks
this controlled environment is separated from their to gather real-life data and user feedback on their
internal systems. Fintech products or services more easily and in a
controlled environment, so that they can make
suitable refinements to their products before the full
launch.

Further details via keynote speech at Treasury Markets Summit 2016

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The Fintech Advisory Group Members

2 STARTUPS IN HONG KONG


FinTech / Background
The Fintech Advisory Group includes:

Ex officio members from the SFC

- NOLENS, Bndicte
Senior Director, Head of Risk and Strategy (Chair of the
Fintech Advisory Group)
- CHIONG, Ron Sai Lung
Associate Director, Risk and Strategy Unit
- CHAN, Rogers Man Cheong
Senior Manager, Risk and Strategy Unit

Securities and Futures Commission (SFC) External members with one-year renewable term
effective from 1 March 2016
The Securities and Futures Commission (SFC) is
an independent statutory body set up in 1989 ADVANI, Alokik Indru
to regulate Hong Kongs securities and futures Managing Director, Goldman Sachs (Asia) L.L.C.
markets. BARBERIS, Janos: Founder & CEO, FinTech HK
Recently, The Fintech Advisory Group was formed CHEUNG, Joanna Wai Sze
to facilitate the Fintech Contact Point in order to: Managing Director, Tuspark Global Network
- Obtain information on the latest trends of Fintech; CHU, Irene Ngar Yee: Partner, KPMG
- Collect stakeholders input on specific Fintech GUZY, Melissa C
themes Managing Partner, Arbor Ventures
- Identify the opportunities, risks and regulatory LLOYD, James Philip
perimeter implications of Fintech and Executive Director, Ernst & Young
- Broaden the understanding of Fintech as an JOHNSTONE, Syren
evolution of the financial services industry. Adjunct Associate Professor, The University of Hong Kong
SETO, Adrian: Director, Accenture
SFC Homepage

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Resources
STARTUPS IN HONG KONG
FinTech FinTech HK

Fintech HK is A single point of


access for Hong Kongs Fintech
Startups scene. We list the startups and
the events that are shaping Hong
Kongs Fintech ecosystem.

Fintech O2O Global Summit

Co-sponsored by Nexchange and


Cyberport, Fintech O-2-O began in
2015 as a monthly meetup.

The aim of the event is to bring


together likeminded professionals,
to network and discuss the impact
that technology has on traditional
finance.

Hong Kong Fintech by InvestHK

A website with helpful resources


and links launched by InvestHK in
2016.

If you are setting up your business,


InvestHK provides support to help
you succeed.

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2 STARTUPS IN HONG KONG

Internet of Things (IoT)


The Internet of Things refers to a connected network of
physical devices, from smartphones and wearables, to
vehicles and buildings. IoT can provide individuals and
businesses better data about their lifestyles, purchases and
communication habits.

The Hong Kong SAR government has addressed the


importance of IoT in its agenda. In the 2015 Policy Address
introduced a new initiative Energizing Kowloon East
aiming to carry out a pilot study to examine the feasibility of
developing a Smart City.

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Internet of Things

Startups

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COMMUNITY
BUILDERS

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3 COMMUNITY BUILDERS

The Importance of
Community Builders
Startups cant do it alone! Over the past four
years a great number of community builders
have been creating professional and social links
within the ecosystem. The continuous success
of offline events, mentoring opportunities and
online community platforms are providing value
and making a lasting impact on entrepreneurs.

More connections
+ Quick access to quality feedback
and mentoring
= Higher chance of success!

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3 COMMUNITY BUILDERS

Ada Yip Alan Chan Alexander


* Urban Spring * Vectr List
* 43 Ventures * Dim Sum Lab
* Startup Weekend

Alexis Allison Baum Ankit Sethi


Bautista * Fresco Capital * Startup Weekend
* Creative Jam HK * SpotHelp
* Kokonuzz

Bay Ben Cheng Ben Crox


McLaughlin * Internet Society * BarCamp
* Brinc (HK) * Startup Commune
* Oursky Limited

Betty Wong Carman Chan Casey Lau


* Google Eye * Click Ventures * StartupsHK
Program * Web Summit

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3 COMMUNITY BUILDERS

Cesar Harada Charles Ng Cynthia


* MakerBay * InvestHK Cheung
* Protei (product) * Startup Weekend
Hong Kong

David David Chung Deepak


Baverez * Under Secretary Madnani
* Private Investor Innovation and * Paperclip
* Author Technology Bureau

Derek Kwik Elaine Tsung Felix Lam


* Venture Capital * Garage Society * Red Chapel
& Private Equity * Eaton House Advisors

Felix Wong Gene Soo Gino Yu


* Startup Weekend * Hong Kong
* StartupsHK
Hong Kong * Citymapper Polytechnic
* The Wave University

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3 COMMUNITY BUILDERS

Gregory So
* Secretary for Henek Lo Herman Lam
Commerce and * WeWork * Cyberport
Economic Hong Kong
Development HK

Hilary Holger Bartel Irene Chu


Szymujko * Harbour Front HK * KPMG
* Brinc * uforepublic Ltd.

Janos
Ivy Shum James Barberis
* TED x Hong Munro Boon * SuperCharger
Kong * UnLtd FinTech Accelerator
* SMECC * 43 Ventures * FinTech HK

Jayne Chan Jeffrey Broer Jennifer


* Startmeup HK * PostMortem Cheng
* Investor
* Writer

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3 COMMUNITY BUILDERS

Jo Hayes Joanna Jong Lee


* The Womens Cheung * TED x HK
Foundation * Office8 * RGL Ventures
* Tuspark

Joshua Steimle Juliet Keith C. M. Ng


* MWI Ohalloran * Startup Grind HK
* Forbes * Creative Mornings * Startup Weekend
Hong Kong

Kostadin Kolev Kyle Ellicott Larry Salibra


* PassportX * Wearable IoT * Bitcoin
* Hack Horizon World Association of
Hong Kong

Lawrence Matthew Matthieu


Morgan Rudy Jacobs Bodin
* Nest * CodeaholicsHK * Techstars
* CodeConf * Startup Weekend

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3 COMMUNITY BUILDERS

Mart Matt Brick Michelle


Van de Ven * Vectr Buultjens
* Open Data * Blueprint

Nicole Nick Zieber Nio Liyanage


Denholder * Product Hunt * Nest
* Next Chapter * StartUpRIGHT
Ventures

Oscar Patti Hunt Paul Cheung


Venhuis * Make Studios * The Hong Kong
* TheDesk * Service Design University
* DigiMeet Hong Kong

Peter Mok Raymond Chu


* Hong Kong Ray Cheung
* Hong Kong
Science & * City University Polytechnic
Technology of Hong Kong University
Parks * HK Design Centre

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3 COMMUNITY BUILDERS

Sam Chan
* VisaPro Scott Lawson Simon
* Angel Investor * SOW Aisa Squibb
* Nest

Sonalie Stephen Theodore Ma


Figueiras Barnes * Cocoon HK
* Green Queen HK * Hong Kong * maBelle
* Ekowarehouse Visa Centre

Tim Chan Timothy Yu Tony Verb


* Metta
* HelloReporter * HKUAEC
* Snapask * Nest
* HelloPR.io

Tytus Yana Yat Siu


Michalski Robbins * Outblaze
* Fresco Capital * Jumpstart
Magazine

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3 COMMUNITY BUILDERS
W Hub Team

Karena Belin Karen Farzam


Co-Founder Co-Founder
Business Development, Community Building,
Fundraising & Marketing Fundraising & Technology

Double diploma from ESSEC Business School in Double engineering diploma from EPF (France)
Paris / University of Manheim. / ETS (Canada) - Master in International Finance
15 years for Procter & Gamble in Finance, Sales, from HEC Paris.
Strategy and Management.
Six years for JP Morgan Tokyo as a Exotic Equity
Speaker, mentor and judge at events and Derivatives Trader.
organisations such as the Chicago Booth GNVC,
Google EYE, RISE Conference, Tech Open Air Worked in a IoT Startup /
Berlin, Techstars StartupWeekendHK and Poly U Taught Web Development at General Assembly.
Entrepreneurial Mentorship Network.
Co-Founder of Women Who Code (Hong Kong)
Board member of WOW at theAmerican
Womens Association. Speaker at Women Who Code International
Conference.

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3 COMMUNITY BUILDERS
W Hub Team

Diane Mensah Nicolas Breitburd Heather Lo


Strategic Partnerships Fundraising Catalyst Digital Marketing & Community

Graduated from Manchester Graduated from Insead with a Graduated from Sun Yat-sen
University with a Bachelor in Global Executive MBA. Worked University with a Bachelor of
English Language and Literature. in FMCG European Industry Art in Spanish Language and
Worked in luxury fashion retail for 20 years in COO and CEO Literature.
management in the UK for eight positions. Senior Advisor for a
years and three years at the UK F&B start-up since his arrival Spent two semesters at the
government Home Office overseas. in Hong Kong. University of Valladodid (Spain).
Interned at Swire Properties.
Diane then joined General Assembly
as the founding Admissions
Manager in the companys opening
year in Hong Kong.

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4
GOVERNMENT SUPPORT
& UNIVERSITIES

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4 GOVERNMENT SUPPORT & UNIVERSITIES

Government & Universities


Realising the importance of entrepreneurship
on Hong Kongs future generations, the
government is consolidating the programs
and organisations it controls to provide more
resources, more activities and more visibility.
Laws are being passed to make Hong Kong
more to foreign investment and talent, such
as Universities are joining the movement
by creating new programs to encourage
entrepreneurship.

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4 GOVERNMENT SUPPORT & UNIVERSITIES
Government Organisations

InvestHK Cyberport HKSTP StartmeupHK iStartupHK

A government A creative digital A statutory body that A platform listing A one-stop portal
department cluster that nurtures had built a vibrant the latest startup gathering tech startup
providing free advice ICT industry startups innovation and events and various influencers and
and customised and entrepreneurs, technology ecosystem resources including creators providing a
services to help promotes to connect stakeholders government dynamic environment.
businesses succeed collaboration to and nurture technology incentives and
in the citys economy. gather resources talent. incubator schemes.
and create business
opportunities.

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Government Organisations

Invest HK publications and website provide information useful for a startups preliminary planning. In addition,
the organisation offers specific advice, including:

- Sector-specific business opportunities


- Business incorporation procedures
- Tax and business regulations
- Business matching services,
- Advice on government initiatives and grants

InvestHK will organise the 2017 StartmeupHK Festival on 13-21 January, which will be an assembly of key
conferences, workshops, exhibitions, pitching competitions and networking opportunities.

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4 GOVERNMENT SUPPORT & UNIVERSITIES
Government Organisations

StartmeupHK

InvestHK launched StartmeupHK to create a buzz among entrepreneurs in the local and overseas startup
communities in June 2013.

At its core is the promotion of Hong Kong as a startup destination:


- to bring global entrepreneurs to the city
- to attract innovative, scalable and high-impact ventures in setting up a presence here
- to connect and encourage collaboration between overseas entrepreneurs and Hong Kong-based startups
- to provide a one-stop platform for overseas startup entrepreneurs setting up in the city
- to propel the development of Hong Kong as a leading destination for entrepreneurship and innovation

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4 GOVERNMENT SUPPORT & UNIVERSITIES
Incubators | Hong Kong Science and Technology Park

HKSTP Incubator - Tech HKSTP Incubator - Bio HKSTP Incubator - App


Incu-Tech is an incubation Incu-Bio is an incubation Incu-App in an incubation
programme designed for programme designed for programme which aims to
technology startup companies. biotechnology startup provide support to web/ mobile
companies that require wet lab. application technology startups.

- No equity stake - No equity stake - No equity stake


- Financial aid : max HKD 645,000 - Financial aid : max HKD 860,000 - Financial aid : max HKD 300,000
- 3 year programme - 4 year programme - 18 month programme

Target Industry Target Industry Target Industry


IT & Telecommunication/ Bio-Tech/ Therapeutics/ Chinese Web based applications
Electronics/ Precision Medicine/ Medical Devices/ Smartphone/Web based Apps.
Engineering Diagnostics

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4 GOVERNMENT SUPPORT & UNIVERSITIES
Incubators | Hong Kong Science and Technology Park

Programme Details

Current Incubatee Alumni

410 technology graduates


310 still in business
76%
4 IPOs in Hong Kong

6% Incu-Bio
38% Incu-App
56% Incu-Tech

How to apply
Financial Aid Package Fundrasing
All three incubation programmes are open
Incu-App | HK$60,000 Over HK$1555 million for applications all year round. Interested
Incu-Tech | HK$180,000 from angel/ venture companies can download the application
Incu-Bio | HK$240,000 capital and 428 material from the HKSTP website and
technical awards return to biadmin@hkstp.org

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4 GOVERNMENT SUPPORT & UNIVERSITIES
Universities in Hong Kong

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University Programs and Competitions

PolyU Institute for Good Seed @PolyU Technology Transfer HKUST Entre-
Entrepreneurship (IfE) Office @ HKU preneurship Center

PolyU Micro Fund Tech Incubation Fund HKU Knowledge CityU Enterprises The Base @HKUST
(TIF) Sheme @PolyU Exchange Limited

CUHK Center for CUHK Center for Innovation Commons TecHKU Knowledge
Entrepreneurship Innovation and @ CityU Transfer Office
Technology @ HK Baptist University

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4 GOVERNMENT SUPPORT & UNIVERSITIES
University Programs and Competitions

The Chinese University of Hong Kong


Hong Kong Social Enterprise Challenge
Incubation Support
Vice-Chancellors Cup of Student Entrepreneurship

Hong Kong Baptist University


Business Entrepreneurship Support and Training Programme

City University of Hong Kong


Student Contest Support Fund
Enterprises Limited

The Hong Kong University of Science and Technology


HKUST One Million Dollar Entrepreneurship Competition
Entrepreneurship Programme
E-Academy
The Base

The University of Hong Kong


Technology Transfer Office
Technology Startup Support Scheme

The Hong Kong Polytechnic University


HKSTP - PolyU Tech Incubation Fund Scheme
IfE and J.C.DISI - Good Seed Training and Funding Plan
Micro Fund Scheme

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5
INCUBATOR &
ACCELERATOR PROGRAMS

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5 INCUBATOR & ACCELERATOR PROGRAMS

Incubators & Accelerators


Hong Kong used to have only a handful of
incubators and accelerators a few years ago.
It has now a large number of these intense
three to six month programs, allowing the
entrepreneurs to focus on their project while
fundings, space, mentoring and knowledge
is provided. Sometimes associated with large
MNCs or organisations depending on the
government, incubators and accelerators
can be associated with large multinational
corporations or government bodies, and
educating a new breed of entrepreneurs.

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5 INCUBATOR & ACCELERATOR PROGRAMS
Pre-accelerator

Startup Next
Validation
Transforms the idea into a real life business, helps startup to
build a scalable company

Mentorship
Provides weekly feedback from mentors, coaches and
startup experts. Startups work with mentors in both group
settings and one on one

Exposure
Top teams from the program will get introductions, referrals
and invitations to pitch for accelerators and investors.
Startup Next HK is an pre-accelerator
program that gives startups the tools
and mentorship needed to navigate the
early stages of building a business. Startup Next is a Techstars Community Program and is run in a
collaboration with W Hub and a number of community partners,
Financial aid : none venues and community builders who help startups level up.
5 week program
Target sector: Technology

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5 INCUBATOR & ACCELERATOR PROGRAMS
Accelerators

FinTech
SuperCharger

SuperCharger is powered by Round 1 Applications


Standard Chartered, Baidu x
APIStore and TusPark Global The inaugural SuperCharger pro-
Network gram received over 160 applica-
Hong Kongs first home-grown tions from across 20 countries.
How to Apply FinTech accelerator The companies portfolio
Startups interested in the second The programs mission is to consisted of four early-stage
cohort interested can apply on supercharge Asias FinTech scene. startups: Amareos, Funding
the SuperCharger website. The Societies, Gatecoin and Neat;
$30,000 for 5% equity stake and four late-stage scale-ups:
application can also be found on
the SuperChargers social media 12 week program, runs every year EKO, Jade Payments, Microcred
platforms. from January to April Baobab and Wecash.

http://www.fintechsupercharger.com/

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5 INCUBATOR & ACCELERATOR PROGRAMS
Accelerators

FinTech B2B & SaaS


FinTech Innovation Lab Amplifi Paperclip

FinTech Innovation Lab


powered by Accenture brings
together young FinTech
companies with senior
executives from financial
institutions across Asia.
Takes equity stake Amplifi is a SaaS dedicated
12 week program accelerator company
headquartered in Mumbai, 3 month program
3 cities including New York, India, recently completed
London, Hong Kong 1.5 % advisory equity
their inaugural cohort based
each startup
< 10 startups per batch out of Bangalore, India.
Paperclip is Hong Kongs first
dedicated startup campus
which uniquely combines
accelerator programs with
co-working space and offices.

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5 INCUBATOR & ACCELERATOR PROGRAMS
Accelerators

IoT/ Hardware
Brinc
Brinc is a hands-on hardware Startup Requirements
accelerator that accelerates
IoT startups from concept to While Brinc evaluates each founder and
sustainable commercialisation team on a case-by-case basis, there are
some characteristics that are favorable:
A program tailored for hardware
startups looking for speed, access - 2 co-founders
and the know-how to build - Teachable and open minded
successful companies - Functional prototype
- Pre-crowdfunding
Take equity stake
How to Apply - Grit and determination
12 month program
Applications are accepted on a
rolling basis all year round. 3 cities including Hong Kong and Additional Offers
Shenzhen Organized trips to Shenzhen for
For more details on the Invested in 14 startups and hardware founders: http://brinc.io/
application process, worked with more than 40 trip-to-china/
visit: http://brinc.io/apply/ founders
Provides access to the back-end of
China, de-risk and accelerate the
time to market in about 12 months
after initial ideation

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5 INCUBATOR & ACCELERATOR PROGRAMS
Accelerators

IoT/ Hardware
Wearable IoT World Labs

WIoTW is the worlds first accelerator 15 week program


dedicated to the Internet of Things Based in San Francisco
(IoT)
Accelerated over 90 startups, in
Not currently providing any funding 15 countries around the world
capital including Hong Kong
Takes equity stake (around 3-4%)
Success Stories

How to Apply

Founders can apply to


programs in Hong Kong or
CreoPop SKULLY Nuheara Tzoa Grush San Francisco through:
Now available Raised US$11 Exceeded its Named Won the 1 - Wearable IoT World Labs
in 1,000 Best million and revenue goals as Time million top prize
Buy stores and deliver their by 800% in the Magazines 25 in Americas - AngelList
online at multiple product first two weeks Best Invention Greatest Makers - F6S
retailers worldwide of 2015 in 2016

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5 INCUBATOR & ACCELERATOR PROGRAMS
Accelerators

Corporate
The Cage Blueprint

The Cage is a development program Accelerator program powered by


powered by The Lane Crawford Swire Properties
Joyce Group, which offers intensive Approximately 10 startups per batch
mentorship to startups building retail-
relevant technologies and/or services.
- Mentor-driven accelerator programs
Kicking off in September 2016
- No initial equity stake
Targeted Sector:
- 6 month program
- Fashion and Lifestyle Retail
- based in Hong Kong
12-week program (full time)

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Accelerators

Accelerators powered by NEST


Corporate 12 week full time program
Up to 8 startups selected
NEST
No initial equity stake
AIA HealthTech Accelerator dedicated to health tech
and/or wearable businesses
Tech support from accelerator
sponsors Microsoft and Amazon

A mentor-focused program
12 week program
HealthCare Accelerator powered by AIA
No initial equity stake
SmartCity & IoT Accelerator powered by Infinity
Designed to support and accelerate
FinTech Accelerator incorporated by DBS Infiniti Smart City the progress of early-stage Smart City
and Internet of Things (IoT) Companies

A mentor-focused program
12 week program
No initial equity stake
dbs FinTech Designed to support and accelerate
the progress of early-stage Companies
with an innovative FinTech proposition.

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5 INCUBATOR & ACCELERATOR PROGRAMS
Incubators

Jockey Club Social-Tech Incubation and


Youth Entrepreneurship Programme by HKSTP

The Social-Tech Incubation Programme


So In So Good Project under HKSTP

2 Sub-program
SISG is open for application for companies
Jockey Club consists of two sub- - 12 startups selected under HKSTPs incubation programmes.
programmes: - No Equity Stake Targeted Sector:
- Youth Entrepreneurship - 12 months program - Social Good & Green Tech
- Social-Tech Incubation (SISG) - Dedicated to Social
Go Global
Partnership with Le Comptoir de Good and Green Tech
- Network with 500+ social entrepreneurs
lInnovation (CDI), the first global startups
- Exchange programme
network of green and social start-
ups from France, and Hong Kong
Children & Youth Services (HKCYS)
Tech & Social innovations

Interested parties are welcome


to contact HKSTP or
http://www.soin-sogood.co/incubation

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5 INCUBATOR & ACCELERATOR PROGRAMS
Incubators

The Mills Fabrica by Nan Fung Group SOW Asia Incubation Program

The Mills Fabrica is a business i2i, funded by JP Morgan, is an


incubator for companies at the accelerator program designed to help
intersection of fashion, textile and businesses clarify their social impact,
technology. improve their business model, and
A total of 10 startups are selected refine their pitch for investment.
1 year program Financial Aid: None
Social Challenges/ Environment
No initial equity stake
12 week program

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5 INCUBATOR & ACCELERATOR PROGRAMS
Programs

Empowering Young Entrepreneurs (EYE)

Objectives
- Drive collaborative innovation by connecting entrepreneurs
with corporates
- Empower startups and entrepreneurs through mentorship and
interaction with industry leaders to enhance strength

Key Features

The EYE Program is a year-long


entrepreneurship program launched by
Google and Center for Entrepreneurship
of The Chinese University of Hong Kong in 6-Month
2013. The initiative is inspired by the budding Innovation Dedicated Collaborative Cross-Sector
Boost Mentorship innovation Network
entrepreneurial environment in Hong Kong

Previous EYE Program Achievements


Financial aid : max HK$530,000
- A total of 16 startups were created and supported from over 1,000
No equity stake applications received
1 year program - Over 80 mentors and domain experts supported the program
- Over 600 media stories reported
- Awarded by Marketing Magazine

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6
COMPETITIONS
AND EVENTS

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6 COMPETITIONS AND EVENTS
Startup Competitions

CoCoon Pitch Night Seedstars world International Startup


HKD 100,000 for the winning Competition by TiE
team

Asia Social Innovation Award Young Entrepreneur of the Pitch Perfect


Year by HKFYG Chance to gain funding from
China or overseas investors

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6 COMPETITIONS AND EVENTS
Startup Competitions

Global Student Challenge YDC e-challenge HSBC Youth Business Award


HKD 30,000 prize for the
winning team

Chicago Booth Global Hong Kong Business Angel


Network Venture Challenge Network (HKBAN)

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Hackathons & Events

Startup Weekend hackUST

Angelhack Fishackathon

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6 COMPETITIONS AND EVENTS
Regular Events

Codeaholics Barcamp Creative Mornings


Gatherings of developers Unconference to explore Early morning interviews
different tech topics with out of the ordinary
professionals

DigiMeet DrinkEntrepreneurs Friday Beer Bay


Meetup to learn about digital Monthly casual meetup Weekly casual meetup
marketing

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Regular Events

Postmortem Conf Startup Grind TED x HK


1 day conference with Interviews of established TED-style events
entrepreneurs explaining entrepreneurs
why they failed

RISE HK WebWednesday
3 day conference with Interviews with entrepreneurs
hundreds of startups and on the way up
thousands of visitors

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7
TALENTS CORNER

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7 TALENTS CORNER

Talents Corner
A startup is composed of a team sharing the
same mission and vision. There are many
incredibly talented people in Hong Kong and
while it is improving, many engineers would
rather work for a larger corporation instead of
a startup. Getting the team right is, therefore,
a continuous challenge. The time and effort
required cannot be underestimated and the
following resources will help along the journey.
Get started early, train fast, retain or move on!

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7 TALENTS CORNER

Find your new job at a startup!

Job Fairs
W Hub has been the first to organise HK Tech & Startups Job Fair in Hong Kong. With more than
850 job seekers, 80+ job opportunities and 41 startups, stay put for the next one on W Hub!

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7 TALENTS CORNER

5 HK Tech & Startups


Job Fairs
Presented by W Hub
In total, these fairs combined over:

100 Startups
250 Jobs
2.000 Participants

Infographic displaying data


from the May 2016 Job Fair

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8
CO-WORKING SPACES

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8 CO-WORKING SPACES

HONG KONG ISLAND


Hong Kong Island Price per month or person (minimum)
4 Cats Co-business Community $3,600 fixed
Blueprint $2,000
Brinc $3,000
Campfire Work $3,550 fixed
Centre O Connect $2,800
CoCoon $2,000 (for the 2 first persons, then $1,000 per person)
Cyberport Smart-Space $1,500 fixed, $800 flexi-space
Garage Society $7,200 fixed
Hatton Studios $2,500 for bench rental (students special)
HKFYG Social Innovation Centre $3,000 for jewellers or jewellery designers
Hong Kong Commons $1,500 fixed
Incu-Labspace $3,800 fixed
MakerHive $3,600 fixed / $3,200 hot desk
Paperclip Startup Campus $4,500 fixed / $2,000 hot desk
Playground.work $4,800 hot desk
Retro Spot $3,000 fixed / $2,500 hot desk

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8 CO-WORKING SPACES

HONG KONG ISLAND


Hong Kong Island Price per month or person (minimum)
Smithfield Collective $2,500
TheDesk $4,500 fixed / $3,600 hot desk
The Crafties $800 coworking space tailored for crafters
The Coffee House Cowork $1,500 fixed / $1,000 hot desk
The Hive Kennedy Town $3,600 fixed / $3,200 hot desk
The Hive studios $3,600 fixed
The Hive $6,000 fixed / $4,500 hot desk
Synergy Biz $2,500 fixed
Three Keys Craft Space $4,500 fixed / $4,000 hot desk
Thinkaholic $3,999 fixed / $2,699 hot desk
Tuspark $2,700 fixed
UNO Co-working Space $3,000 fixed / $2,500 hot desk
Urban Serviced Office ltd $4,000 fixed / $3,500 hot desk
Wework $6,990 fixed (Tower 535) | $7,200 (Wan Chai)
WYND Co-Working Space $6,200 fixed / $4,200 hot desk

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8 CO-WORKING SPACES

KOWLOON
Kowloon Price per month or person (minimum)
BootHK Lai Chi Kok Campus $1,500 fixed
CentrePark $3,500 hot desk
Coffice $2,500 fixed / $1,600 hot desk
Cowork CHM $2,500 fixed / $1,500 hot desk
Fashion Farm Foundation (FFF) $2,500 fixed / $2,000 hot desk
MakerBay $2,500 fixed / $1,500 hot desk
MISSOLINK $2,000 fixed /
NeighborFarm Coworking Space Starting from $900
Ooosh for Startups $1,500 fixed / $800 hot desk
Synergy Startup Base Startup membership: $1,800
Team office: $8,000
The Good Lab $2,100 fixed
The Loft $2,900 (special offer) or $3,500 fixed
$1,900 (special offer) or $2,500 hot desk
Tuspark $2,700 fixed
UNWIRE Space $1,800 fixed
The Wave Membership starting from HKD $99; hot desks and
team offices upon request

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8 CO-WORKING SPACES

NEW TERRITORIES
v

New Territories Price per month or person (minimum)


HaHaHub $1,000 fixed
LOffice IncuCentre $1,900 for 1 - 4 pax per pod
The Hive Sai Kung $1,500 hot desk
Tuspark $2,700 fixed

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8 CO-WORKING SPACES
Garage Society

Garage Society has demonstrated Industry Split Since opening the first location in
what the boom in co-working space Des Voeux Road Central in 2014:
looks like in Hong Kong.
Launchpad for HIGH GROWTH +60% in number of total companies
international startups in Hong Kong.
+92.25% in number of members
HOME to General Assemblys HK campus +5.3% in technology industry
+6.1% in lifestyle industry
The MOST CONVENIENT LOCATION on
the Island for working, connecting and On average, companies had
growing startups. 47% growth in terms of staff count

Launched the HK STARTUP JOB FAIR in Startup Events


collaboration with W Hub in 2014. 160 in 2014
300 in 2015
GARAGE CADET connects students to
top startups, inspiring entrepreneurship 225 in 2016 (up to July 2016)
in the younger generation.

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8 CO-WORKING SPACES
MakerBay

MakerBay allows creators to learn new skills or MakerBays Amenities


participate in exciting events, develop an invention
or grow a business. There are a wide range of CONVENIENT LOCATION right situated in the
services, from consulting to digital fabrication. middle of Hong Kong in Kowloon.
Ideas can be created and shared under one roof.
Gathers ALL THE TOOLS NECESSARY to create
The space is dedicated for CREATORS: artists; something for innovative entrepreneurs in its
scientists; designers and students. co-working space.

Makerbay provides tools such as laser cutters, 3D BIG SPACE (6,500ft.) for developing new
printers, visual and photography equipment. products and displaying the ideas of startups.

Capacity
50 PLACES for hot bench
20 PLACES for fixed bench
ONE PRIVATE SPACE for studio

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8 CO-WORKING SPACES
CoCoon

CoCoon is an entrepreneurship exchange in CoCoons Amenities


Hong Kong, a co-working hub to GATHER VISION,
TALENT, EXPERIENCE AND RESOURCES, aiming CONVENIENT LOCATION right near MTR
to establish a collaborative community to share Sheung Wan station.
the enthusiasm of building startups and turning
them into successful businesses. ECO-FRIENDLY INTERIORS with facilities such
as an indoor cafe, 3D printer, mail services,
CoCoons Mission conference rooms.

BIG SPACE (9,000 sq. ft.) for startups to develop


their creative ideas and set up their business.

Find co-founders Earn seed Find the right


and build the money through investors
team paid projects

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8 CO-WORKING SPACES
Paperclip Startup Campus

Paperclip Startup Campus is a place which Paperclips Amenities


combines a co-working space and a STARTUP
CONVENIENT LOCATION right beside Sheung
CAMPUS. It helps entrepreneurs to build their
Wan MTR station.
networks, meet mentors, advisors, investors and
to learn the best business practices.
A VARIETY OF DIFFERENT ROOMS AND
LAYOUTS available for entrpreneurs to connect.

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8 CO-WORKING SPACES
The Wave & Playground.work

The Wave co-working space provides a platform Playground.work is Hong Kongs pioneer co-
for startups and other creative professionals who working space that promotes the attitude of
want to build strong networks and collaborate work-life balance. They offer hot desks, private
with others within the co-working space. offices, event space, and a coffee shop ideal for
meetings and events.

The Waves Amenities playground.work Amenities

CONVENIENT LOCATION near MTR Kwun Tong CONVENIENT LOCATION right above Sheung
Station and in the heart of the district Wan MTR station with car park nearby

An INTEGRATED PLATFORM connecting HIGH QUALITY in-house food and beverages


entrepreneurs, startups and SME sectors capability and tailor-made catering service
available
ACCOMMODATES more than 100 people
WELL-EQUIPPED meeting facilities with audio-
Focus on SOCIAL GOOD & SUSTAINABILITY visual and lighting system.

Amazing SPACE & DECORATION

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8 CO-WORKING SPACES
The Wave & Playground.work

Mett is an entrepreneurs club that connects TheDesk is a co-working space with a mission:
people, ideas and resources. Mett believes that We love what we do. We embrace each
by bringing startup communities and ecosystems moment, every day. We celebrate new ideas,
closer together, great things can happen. great people, and business challenges. What are
you celebrating today?

Metts Amenities TheDesks Amenities

A NETWORK OF SPACES around the world LOCATION in Sai Ying Pun, just 3 minutes walk
that serve as homes and meeting spots for from the MTR station HKU.
entrepreneurs and innovators.
COMMUNITY of professionals with preferential
In Hong Kong, a CONVENIENT LOCATION on the prices from business partners and free access to
21st floor of California Tower in the heart of Lan professional workshops.
Kwai Fong - Central district.
WELL-EQUIPPED meeting facilities including
ACCOMMODATES more than 100 people. BBQ and space for leisure.

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9
VENTURE CAPITAL

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9 VENTURE CAPITAL
Most Active Investors in Hong Kong

Brinc 500 Startups


Cyberport HK

Intel Capital

Route 66 Ventures

Vectr Ventures

MindWorks

Ardent Capital Y Combinator

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9 VENTURE CAPITAL
Alibaba Hong Kong Young Entrepreneurs Foundation

Alibaba launched
an HK$1 billion Invested in:
(about US$128
million) not-for-
profit foundation to
Founder: Jack Ma | Executive Director: CIndy Chow support Hong Kong
startups in
November 2015
The core mission of the foundation is to help Hong
Kong young entrepreneurs start and grow businesses on
marketplaces and platforms in the Alibaba ecosystem.

The objective is to support the aspirations of


entrepreneurs who wish to take advantage of the The foundation will
resources offered by Alibabas ecosystem in e-commerce, also select 200
logistics, mobile platforms, cloud computing, and university students
financial services. from HK annually
to intern at Alibaba
Through the foundation, Hong Kong entrepreneurs will Groups businesses in
mainland China
have access to financial capital, technical assistance and
training so they can realise their dreams and visions.
Profits from Alibabas Hong Kong foundation will be re-
invested into startups.

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9 VENTURE CAPITAL
Alibaba Hong Kong Young Entrepreneurs Foundation

Selection Criteria Selected Startups to date


Hong Kong Nexus
First batch
(1) A majority of the founders of the company are permanent
residents of Hong Kong
(2) Meaningful operations of the company are carried out in
Hong Kong, as determined by the independent investment
manager under policies approved by the board.

Alibaba Ecosystem Participant


Second batch
The potential company should possess innovative and unique
business ideas that are financially viable; have a high potential to
grow and can expand beyond Hong Kong. The company will be
operating on at least one of the platforms of Alibaba Group or its
affiliates.

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9 VENTURE CAPITAL

Arbor Ventures Bigcolors Bright Success Capital

Big data, financial services and Bigcolors provides seed and Hardware and software
digital commerce early-stage funding integration, robotics, security,
Founders : Wei Hopeman and A.I., smart home technology
Founder: Jackie Lam
Melissa Guzy Family investment office
Focus on mobile, hardware
Seed and early stage venture platforms, wearable Seed, early stage and later stage
investments technology, bio-health, venture investments
Invested in : 2C2P, A-SaaS, fintech, and Big Data Invested in over 12 companies,
DemystData, Lufax, paidy, Invested in over ten other including: Spotify, Bluesmart
pipaHR, Stockpile, Streem, startups, including: Connect, Insight Robotics and Wonder
ABRA Cancelex and Oddup. Workshop

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9 VENTURE CAPITAL

Click Ventures Dow Venture Capital Fresco Capital

Founder : Carman Chan Focuses on companies Fresco Capital is an early-


Seed, early stage and later tackling challenging stage venture investor
stage venture investments problems such as the need supporting entrepreneurs to
for clean water, renewable build businesses
Invested in over 18 energy generation and
companies, including: Early stage venture investor
conservation, and increasing
EventXtra, parklu, Spotify, agricultural productivity Invested in over 43
Palantir Technologies, companies, including:
Meetup, Launchpilots and Invests in startup companies Snaptee, Parklu, Plukka,
Scout in various stages of maturity Insight Robotics, Jamn,
across a broad set of markets Fresco, Frenzoo, Launch
Invests in promising Pilots
businesses and technologies
Active since 1993

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9 VENTURE CAPITAL

FUEL Capital Horizons Venture IDG Capital Partners

FUEL Capital invests in A venture capital firm with IDG Capital Partners invests in
companies seeking no earlier a focus on disruptive and consumer products, franchise
than their first institutional technology-focused startups services, internet and wireless
round Its portfolio now consists of over applications, new energy, and
40 companies around the globe advanced manufacturing
Its focus is on:
sectors
- Clean technologies Invested in Skype, Siri, Facebook,
- Environmental protection Waze, Summly, Spotify Primarily focusing on investing
- Health care industries in China related venture capital
and private equity projects
Seed, venture, and growth-
stage funding
Invested in more than 400
companies

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9 VENTURE CAPITAL

Intel Capital Mandra Capital Mind Fund

Intel Capital invests in An investment holding Mind Fund provides hands


Datacentre software, data company focussed on on support and investment
centre-cloud, digital media, early-stage and growth to entrepreneurs and
Internet of Things (IoT), opportunities innovators at all stages of their
ultrabook, manufacturing Invested in: development
and labs, security, services - Agriculture and forestry Seed and early stage venture
-open source, smartphones - Internet investments
tablets, wearables - Clean energy Invested in : Filipagram, Jamn,
Any stage of growth - E-commerce Hummingbird Innovations,
- Materials Soapbox, Xnotes Alliance
Invested in more than 300
- Mining and resources Mind Fund
companies
- Technologies

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9 VENTURE CAPITAL

Mount Parker Nest Nova Founders Capital

Mount Parker consists of Nest invests seed capital and Builds and backs sustainable
technology and finance time in promising scalable large-scale business models
entrepreneurs supporting and startups in rapidly growing internet
advising early stage companies Specialises in startups markets
Primarily focussed on venture developing impactful world- Seed and early stage venture
opportunities in Asia changing technologies in investments
Invested in: industries such as HealthTech, Invested in/started : Compare
GoGoVan, Shopline, Cultish FinTech and SmartCity/IoT Asia, Zalora, FoodPanda,
Groupon, HelloFresh

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9 VENTURE CAPITAL

Orchid Asia Group Red Chapel Advisors Regatta Capital Management

Orchid Asia Groups mission is to Red Chapel Advisors invests Regatta Capital Management
expand domestic enterprises in in technology startups at seed is a private equity fund
high barrier to entry businesses stage and helps them grow. with a diverse portfolio of
that have good growth Founder: Felix Lam businesses.
prospects in the consumer Invests primarily in
services and products Focus on technology
developments information technology, bio-
Investment group with offices technology and real estate
in Hong Kong, Shenzhen, Invested in: Snaptee, investment sectors
Shanghai, Beijing and Insight Robotics, techstars,
Guangzhou launchpilots, Compology,
Ardusat, Frenzoo, Coachbase,
Invested in more than ten and Blink
companies

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9 VENTURE CAPITAL

Sumitomo Corporation
Sequoia Capital Spring Capital Equity Asia Capital
Sequoia Capital invests in An independent private equity SCEA seeks investment
companies within the energy, firm that invests exclusively in opportunities in the Greater
enterprise, financial, healthcare, China China and southeast Asian
internet and mobile sectors. Targets profitable businesses in region
industries that are expected to Invests in all emerging growth
Seed, early stage and later stage benefit from increasing levels sectors, young or mature
venture investments and Later of disposable income in China. companies
Stage Venture Investments
It has offices in Hong Kong and Invested primarily in high-
Invested in more than 600 Shanghai tech sectors, consumer/retail,
companies automobile, logistics, financial
Invested primarily in clean
technology products and services, renewable energy/
services, and professional and clean technology
business services.

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9 VENTURE CAPITAL

TiE Hong Kong Tsing Capital Vectr Ventures

TiE runs numerous angel A leading cleantech venture Vectr builds networks and
investment groups and capital firm in China experiences to elevate
funding forums throughout Focused in areas of new knowledge and value for
its network energy, energy efficiency, corporates and startups.
Seeds early stage companies environmental protection, Seeds early-stage companies
Invested primarily in internet cleaner production, with global ambitions
enterprise software, mobility, sustainable transportation, Invested in over 30 startups
big data/ analytics, health IT, new materials and sustainable including DayDayCook, Floship,
healthcare diagnostics and hi- agriculture LafaLafa and Lamplight
tech medical devices Invested in over 30 companies Analytics.

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10
RESOURCES

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10 RESOURCES

HK Communities Visa

Entering Hong Kong for the first time and in


need of a Hong Kong Immigration visa?
HKStartups Group StartupsHK Group There are different visa types available
7,000 453 65 depending on you reason for visit:
Entrepreneurs Entrepreneurs Entrepreneurs
Talent - Admission Schemes for Talent,
Investors Professionals and Entrepreneurs
- General Employment Policy (GEP)
Latest news on the HK startup scene - Investment as Entrepreneurs
- Visit/ Transit
- whub.io/blog - scmp.com
- e27.co - startupshk.com - Working Holiday
- entrepreneurhk.org - techcrunch.com Communities Worldwide
- fintech.hk - techinasia.com
- jumpstartmag.com

Grow your startup


with online tools
40+ French 3,000+ 2,000+
- whub.io/deals Entrepreneurs Worldwide Worldwide
- growth.supply/free
- startupery.com
- toolsalad.com

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10 RESOURCES

Chambers of Commerce

The American Chamber The British Chamber The Canadian Chamber German Chamber
of Commerce in of Commerce in HK of Commerce in of Commerce in
HK (AMCHAM) (BRITCHAM) Business HK (CANCHAM) Hong Kong
Entrepreneurs / SME Angels Entrepreneurs
Small Businesses

French Chamber Dutch Chamber of Spanish Chamber of The European


of Commerce and Commerce in Commerce in Chamber of
Industry in Hong Hong Kong Hong Kong Commerce Hong
Kong Kong

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11
REFERENCES

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11 REFERENCES

http://www.startmeup.hk/en/inside-scoop/news-update/newsfeed/hong- http://www.go-globe.hk/blog/internet-usage-hong-kong/ internet usage


kong-has-17000-free-wifi-spots/ http://www.go-globe.hk/blog/smartphone-usage-hong-kong/ smartphone usage
Market Indicators http://startupangels.co/market/hongkong/ World Banks http://www.doingbusiness.org/data/exploreeconomies/hong-kong-china/
Doing Business Report 2015 http://www.investhk.gov.hk/why-hong-kong/government-support-for-
DB 2015 Rank Corruption Perceptions Index 2014 http://www.doingbusiness. companies.html
org/ranking http://www.startmeup.hk/en/resources/government-support/
http://www.transparency.org/cpi2014/infographic http://www.startmeup.hk/en/resources/government-support/
The International Property Rights Index 2014 http:// http://www.gov.hk/en/business/supportenterprises/funding/
internationalpropertyrightsindex.org/ WIPO 2014 http://www.investhk.gov.hk/why-hong-kong/government-support-for-
The Global Startup Ecosystem Report 2015 v1.2 World Economic Forum companies.html
http://reports.weforum.org/global-competitiveness-report-2014-2015/ Startbase HK http://www.startbase.hk
economies/#economy=HKG Tech in Asia https://www.techinasia.com/ Statista
Getting Finding for your Startup - InvestHK Hong Kong The Global http://www.statista.com/statistics/250503/big-four-accounting-firms-
Connector for Startups | Startmeup.hk Startup ecosystem survey http:// number-of-employees/
www.startmeup.hk/en/one-stop-hong-kong/startup-ecosystem-survey/ http://www.sef.hku.hk/events/Ecosystemresult/
ESSEC-Hong Kong Startup Scene Hong Kongs internet speed ranked 50 Hong Kong Startups You Should Get To Know
number one in the world - 2 Feb 2014 http://www.startmeup.hk/en/inside- http://foundersgrid.com/50-hong-kong-startups
scoop/news-update/newsfeed/hong-kongs-internet-speed-ranked-number- http://jumpstartmag.com/coworking-spaces/complete-list-of-coworking-
one-in-the-world/ spaces-in-hong-kong/#Coffice
On Hong Kongs Booming Start-up Scene_Cyberport https://www.cyberport. http://www.immd.gov.hk
hk/files/526a47e7ece89351592355/Cyberport%20Article%20Britain%20in%20 Alibaba Hong Kong Young Entrepreneurs Foundation
Hong%20Kong%20Oct%202013.pdf https://www.techinasia.com/alibaba-to-launch-130m-foundation-to-invest-
Where Business Goes to Grow | InvestHK http://www1.investhk.gov.hk/wp- in-hong-kong-entrepreneurs
content/uploads/2015/06/DGIP_Singapore-JP-June-2015-r2.pdf Hong Kong GDP One Belt One Road http://www.cbbc.org/cbbc/media/cbbc_media/One-
Annual Growth Rate | Trading Economics.com http://www.tradingeconomics. Belt-One-Road-main-body.pdf
com/hong-kong/gdp-growth-annual
The Demographics : Ethnic Groups_Race Relations Unit http://www.had.gov.
hk/rru/english/info/info_dem.html
http://www.mumbrella.asia/2015/03/linkedin-eclipses-1m-members-hong-kong/
http://www.go-globe.hk/blog/ecommerce-hong-kong/
http://reports.weforum.org/global-competitiveness-report-2014-2015/
economies/#economy=HKG
http://www.go-globe.hk/blog/social-media-hong-kong/ social media usage

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