expands applicant pool
|Hong Kong Director-General of Investment Promotion Simon Galpin introduces the 2014 StartmeupHK Venture Programme.
Building on the success of last year’s inaugural global competition, the StartmeupHK Venture Programme 2014 has broadened its reach to attract a wider range of aspiring entrepreneurs looking to grow their business from Hong Kong.
Organized by Invest Hong Kong (InvestHK), the program has expanded to include applicants that are at the concept and prototype stage with no revenue. The two categories open for applications:
- Category One: Ventures in the early to growth stage with revenue and/or significant users/customers
- Category Two: Startups at the concept and prototype stage with no revenue
Nine finalists will be selected from Category One and three from Category Two. There will also be two sector awards, in the fields of financial technology and smart city.
July 31: Closing date for applications
First week of September: Interviews with semi-finalists
Nov. 11: StartmeupHK Venture Forum (judging of finalists for three grand prize winners)
Nov. 10-14: Startup Festival
The 12 finalists will be invited to attend a four-day program in Hong Kong and present their ideas at the StartmeupHK Venture Forum in November.
All industry sectors are welcome. Key sectors include ICT, medical and healthcare, retail technology supply chain and logistics, creative industries, hardware and electronics, and education.
Prizes worth more than US$500,000 include pro bono accounting, legal, design and branding advice and services, supported by sponsors including Baker Tilly, CoCoon, CWL Partners, Nest, Orangefield ICS, Paperclip Startup Campus and PricewaterhouseCoopers.
Hong Kong Secretary for Commerce and Economic Development Gregory So said, "Startups and entrepreneurs can make significant contributions to Hong Kong's economy. What InvestHK is doing to promote Hong Kong as the startup location in Asia and attract startup entrepreneurs will help our city further develop its growing status as the region's leading innovation and entrepreneurship hub.”
Director-General of Investment Promotion Simon Galpin said, "Hong Kong has become an important center for overseas entrepreneurs looking to expand globally. With our StartmeupHK Venture Programme, we hope to build on last year's momentum and put Hong Kong on the global startup map."
|Learn more about Invest Hong Kong's 2014 StartmeupHK Venture Programme through the website.
He added, "We are seeking to bring in not only innovation but also to promote Hong Kong to potential founders and angel investors who will, in the long run, help further develop Hong Kong's startup ecosystem."
Details and the online entry form for the StartmeupHK Venture Programme 2014 are available at www.startmeup.hk.
Only online applications to the Venture Programme will be accepted. Applications close on July 31.
Last year’s global competition attracted 384 entries from 39 economies, all competing for US$300,000 worth of prizes and benefits. Three entrepreneurs from New Zealand, the U.S. and Hong Kong were named champions of the 2013 StartmeupHK Venture Programme.