HKTDC launches start-up incubation program

The program, named Start-up Express, will focus on helping local technology companies build networks and attract investment through improved marketing, according to a release. Eligibility is limited to start-ups established in the last five years with core or substantial operations in Hong Kong that have raised less than $10 million in funding.

After applications close in April, 40 start-ups will be shortlisted for an initial pitching session. The judges, which include Radiant Venture Capital co-founder Duncan Chiu and Kuaidi Group co-founder Joe Lee, will select 20 for a final pitching contest in May.

The 10 winners will join a set of marketing activities in Hong Kong and overseas, such as mentoring sessions with successful entrepreneurs and study trips to California's Bay Area. Supporting organizations include the Hong Kong Business Angel Network and Nicubator, a project set up by Hong Kong singer and actor Nicholas Tse. Program participants may be eligible for a chance to appear in TV programs hosted by Tse.

HKTDC was formed in 1966 to create overseas opportunities for businesses in the territory. In recent years it has focused on introducing services aimed at small and medium-sized enterprises along with start-ups, seeking to encourage local entrepreneurs to adopt a global perspective in their expansion plans.

A number of groups have launched initiatives in Hong Kong to support technology start-ups, targeting opportunities both within and outside the territory. Hong Kong X-Tech Startup Platform made its first investments last year, while SparkLabs is also gearing up its Hong Kong-based financial technology accelerator, SparkLabs FinTech, which has a global remit.

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• Topics
• Greater China
• Venture
• Technology
• Hong Kong (China)
• seed