January 30, 2023
‘Stability Past the Growth’ – HKTDC Entrepreneur Day helps start-ups put together for the post-pandemic panorama
‘T-Chat – International VC Funding: Rise or Fall’ heard Eric Manlunas, Founder & Managing Companion, Wavemaker Companions, Duncan Chiu, Council Member (Expertise & Innovation), HKSAR Legislative Council, and Karena Belin, Co-founder, AngelHub & WHub, talking on the worldwide enterprise capital market subsequent yr.
The ‘Begin-up Zone’ and ‘The Boosters’ are showcasing 30 worldwide start-ups and start-up supporting firms, and asserting the profitable High-10.

Inaugural ‘Begin-up Specific Worldwide’ will get worldwide and native start-ups speaking

Hong Kong, Nov 30, 2022 – (ANTARA/ACN Newswire) – The Hong Kong Commerce Improvement Council (HKTDC) declares the launch of Entrepreneur Day, a three-day (30 November to 2 December) occasion with the theme of ‘Stability Past the Growth’. Filled with a hybrid mixture of on-line and bodily seminars and exhibitions, the occasion explores a various vary of developments within the world entrepreneurial ecosystem. By means of boards, exhibitions, workshops, and networking occasions within the “Begin-up Area”, business leaders, specialists, start-ups and contributors learn to obtain enterprise success within the post-pandemic world. The primary-ever “Begin-up Specific Worldwide” may also be held on 1 December bringing collectively native and worldwide start-ups to alternate views and share expertise, in addition to encourage abroad enlargement.

Welcoming contributors to the occasion, Margaret Fong, Government Director of the HKTDC, stated: “We’re delighted to host Entrepreneur Day in hybrid format for the primary time. The pandemic has brought on appreciable disruption to market economies internationally. It has additionally hit entrepreneurs exhausting. But, I’m inspired by the brand new and rising alternatives entrepreneurs are seizing, together with within the digital economic system. Certainly, entrepreneurs are the heartbeat of our world economic system. Identical to the pandemic, they disrupt the established order. They problem conference to allow progress. They speed up innovation and financial development throughout the globe.”

“Below the theme ‘Stability Past the Growth’, we’ll discover the trajectory of the worldwide start-up ecosystem because the start-up increase and assist start-ups acquire a foothold in key markets, particularly the Guangdong-Hong Kong-Macao Larger Bay Space and Regional Complete Financial Partnership. To have a good time the Begin-up Specific’s fifth anniversary, we’ll launch its worldwide sequence on Entrepreneur Day, when excellent abroad early-stage start-ups will probably be invited to share the stage with Begin-up Specific winners.”

Charting the best way ahead with recommendation from specialists

Entrepreneur Day featured a number of seminars starting with “T-Chat – International VC Funding: Rise or Fall?”. In line with information from Dealroom, enterprise capital companies invested greater than $675 billion in start-ups worldwide in 2021 or double the quantity from the earlier yr. Nevertheless, world capital markets have seen heightened volatility this yr regardless of the fading influence of the COVID-19 pandemic. Eric Manlunas, Founder & Managing Companion of Wavemaker Companions, Duncan Chiu, Council Member (Expertise and Innovation) of HKSAR Legislative Council, and Karena Belin, Co-founder of AngelHub & WHub, reviewed their investments in 2022 and shared their outlook for the worldwide enterprise capital market subsequent yr. In addition they supplied recommendation on how entrepreneurs can higher equip themselves to lift funds in a probably troublesome surroundings.

Eric Manlunas stated: “Regardless of the uncertainties of the present macro surroundings, world enterprise capital is right here to remain, given the social utility it gives. Enterprise capital is a powerful catalyst for innovation and enterprise formation, thus its function is extra compelling than ever [before], in spite of the present macroeconomic challenges”.

Duncan Chiu stated: “Hold monitoring skills. Skills entice skills. Fintech isn’t just [about] applied sciences, however nonetheless has to adjust to worldwide rules”.

In a fast-changing world, start-ups want to have the ability to adapt to a dynamic surroundings whereas nonetheless being cautious about funding. The “Seize Funds at Important Occasions” workshop featured Mingles Tsoi, Chief eXploration Officer of ParticleX, who has guided native and worldwide know-how start-ups via the challenges of fundraising, and Brian Tsui, Co-Founding father of the Chicago Sales space Angels Community, who shared their private expertise and advise to start-ups on their fundraising methods and planning.

Enhancing buyer expertise with NFTs to create enterprise alternatives

With non-fungible tokens (NFTs) changing into the speak of the city, Lucas Cheung, Managing Companion of main Asian model know-how agency Gusto Collective, and Nick Lau, founding father of digital luxurious Web3 platform WEAR, shared their insights on the applying of NFTs within the leisure and style house. Cheung mentioned how his firm has enhanced model worth and opened doorways to new alternatives via immersive buyer experiences. Lau shared how WEAR has built-in bodily merchandise with digital collectibles and the corporate’s profitable collaborations with world-renowned manufacturers.

Propelling re-industrialization of Hong Kong – the springboard to the GBA

With a mature ecosystem for start-ups to thrive in, Hong Kong is well-known for its business-friendly surroundings and for incubating excellent enterprises. Within the panel dialogue “Entrepreneurship in HK – Scaling up via Hong Kong”, earlier winners of the Begin-up Specific competitors shared their expertise of beginning a enterprise within the metropolis. The panel dialogue concerned Justin Chan, CEO & Co-Founding father of Gense Applied sciences, KK Chiu, Co-Founder & CEO of Zeek, and Mazing Lee, Co-Founder & CEO of Lify Firm Restricted.

The twelfth World SME Summit, co-organised by the Hong Kong Basic Chamber of Small and Medium Companies, celebrated the twenty fifth anniversary of the institution of the Hong Kong Particular Administrative Area and aimed to facilitate re-industrialisation in Hong Kong. The summit had the theme of “Reaching re-industrialisation via innovation within the new period” with discussions contemplating methods to expedite Hong Kong’s re-industrialisation efforts. Within the session, Herbert Chia, Enterprise Companion of Sequoia Capital China, pinpointed the advantages of making use of progressive know-how from an investor’s perspective.

Turning waste into gold for a round economic system

With buyers more and more trying to help the recycling sector, Shrikanth Narasimha, Director of Sustainability and Provide Chain, Far East, Mainetti (HK) Restricted, detailed the event of closed-loop recycling of plastic supplies and using blockchain within the recycling course of. In the meantime, Rachel Barr, Vice President of Sustainability from the Israeli start-up UBQ Supplies, shared the agency’s work to remodel home waste into plastic merchandise in collaboration with Mainetti (HK), whereas Ricci Wong, Founder and CEO of social enterprise HK Timberbank, defined how his start-up helps kind, reduce, and dry broken timber, recycling them into industrial timber and furnishings.

Exhibiting improvements from rising industries

The Entrepreneur Day exhibition additionally gathered greater than 130 start-ups showcasing progressive merchandise and know-how in addition to help companies for the start-up ecosystem. The exhibition helped contributors discover enterprise alternatives, safe skilled recommendation and join with potential enterprise companions. The “Begin-up Zone” showcased start-ups from a wide selection of business verticals starting from medical and biotechnology merchandise, inexperienced and meals know-how, to fintech and edtech. “The Boosters” featured organisations and authorities our bodies supporting start-ups with the most recent market insights and consulting companies.

Begin-up Specific Worldwide – Fostering connections between native and world start-ups

To mark the fifth anniversary of “Begin-up Specific”, a start-up incubation programme, the HKTDC will launch “Begin-up Specific Worldwide” tomorrow throughout Entrepreneur Day 2022 the place ten worldwide start-ups from nations together with Belgium, Mainland China, Germany, Italy, Japan, Singapore, South Korea, Turkey, the UK and the USA with various know-how backgrounds like well being, training, good cities, and agriculture, to blockchain, robo-technology, and advertising, will share their experiences along with the native winners of Begin-up Specific.

The HKTDC chosen 30 worldwide start-ups earlier than selecting the ultimate ten. Amongst these 30 worldwide companies, lots of which have received awards within the Mainland and abroad, are InxMed, a biotech firm in Mainland China engaged on growing progressive therapies for tumour resistance and metastasis; inConAlert, a German healthtech firm providing a wearable medical sensor; Mobbi, an Italian know-how start-up that launched the world’s first moveable energy financial institution rental app; and SynCom Agritech, a Japanese agritech start-up. All of them hope to contribute to fixing livelihood, social and environmental issues via progressive enterprise concepts and new know-how.

The highest 10 winners of the competitors had been: inContAlert from Germany, Contents.com from Italy, Nearer Inc. from Japan, VegeSense; KnowCarbon; InxMed from Mainland China, OTECH (Otsuka Expertise) from Singapore, AON from South Korea, MOBIQU from Turkey, and rThreat from the USA. The profitable start-ups will acquire entry to advertising and technical help, in addition to consulting companies and concessionary rents by HKTDC, serving to them arrange a enterprise presence in Hong Kong.

rThreat, one of many profitable start-ups, stated: “We want to thank HKTDC for arranging Begin-up Specific Worldwide because it has allowed us an opportunity to be taught from our friends from across the globe, set up enterprise relationships and discover potential enterprise companions.”

The judging panel for Begin-up Specific Worldwide this yr comprised Fred Li, Government Director at Gobi Companions, Francis Pun, Promotions and Neighborhood Improvement Lead at Hong Kong Science and Expertise Parks Company, and Clara Hong, Senior Supervisor of Ecosystem Improvement at Hong Kong Cyberport Administration Firm Restricted.

Alongside Entrepreneur Day, the Enterprise Mental Property of Asia Discussion board will probably be held from tomorrow to 2 December, serving as a really perfect platform for world IP specialists and enterprise leaders to analyze the most recent developments within the Asian IP market and search for alternatives.

Exhibition and Discussion board Web site

About HKTDC

The Hong Kong Commerce Improvement Council (HKTDC) is a statutory physique established in 1966 to advertise, help and develop Hong Kong’s commerce. With 50 workplaces globally, together with 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way world funding and enterprise hub. The HKTDC organises worldwide exhibitions, conferences and enterprise missions to create enterprise alternatives for firms, notably small and medium-sized enterprises (SMEs), within the mainland and worldwide markets. The HKTDC additionally gives up-to-date market insights and product data through analysis experiences and digital information channels. For extra data, please go to: www.hktdc.com/aboutus. Comply with us on Twitter @hktdc and LinkedIn.

Media enquiries

Please contact Hill+Knowlton Methods:

HKTDC’s Communications & Public Affairs Division:

Leave a Reply