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Cyberport to catalyse Hong Kong’s digital tech investment ecosystem

According to a recent report, digital tech start-ups in Asia have increasingly become the magnet for international venture capital firms so much so that the total amount of investments is set to surpass those for start-ups in the United States and Europe in a few years.

The Asian region has caught up fast in the competition for global venture capital investment and tech investments stand out as the strong driver for venture capital growth.

In 2017, global venture capital investment surged 49 per cent to a record high of US$164.4 billion as compared to 2016, with the majority of growth from Asia, instead of the United States as in previous years.

Venture capitalists from around the world are increasingly eyeing up Asia’s digital tech start-ups because of their great diversity: notable investments have been poured into leading-edge technologies, including Artificial Intelligence (AI), Internet of Things (IoT) and robotics, e-commerce, mobile payment and financial technology (FinTech), medical technology (MedTech), education technology, and ride-hailing and sharing platform. The Asian region has matured substantially over the past few years into a structurally larger market.

A growing percentage of the 25 most active venture capital firms in the world, 18 of them headquartered in the US, have established their presence in Asia to increase their reach to start-ups in budding innovation hubs. China is the most popular country after the US, as 7 of these topmost active venture capital firms have at least one office there.

Hong Kong emerges as digital tech innovation hotbed

Innovative digital tech start-ups in Hong Kong have attracted the attention of international venture capitalists and seen stellar fundraising achievements recently. For instance, a Cyberport incubation programme’s alumnus, raised US$115 million in venture capital last year, valuing the company at more than US$500 million and is now planning for an initial public offering.

For Hong Kong start-ups seeking funding from Asia, experts believe that those companies in financial services, logistics, shipping and real estate enjoy the strong historical backdrop.

These are the exact areas that AI and blockchain could make the most difference.

Thus, to promote the development of the venture capital ecosystem for digital entrepreneurs in Hong Kong, the Cyberport’s Macro Fund, an investment fund with an initial size of HK$200 million, aims to co-invest with other private and public investors in seed to Series A stage funding in Cyberport digital entrepreneurs.

Last year, Cyberport launched the Cyberport Investors Network (CIN), a structured platform that engages worldwide investors of leading venture capitalists, angel investors and private equity funds, to enhance the fundraising and deal-making capabilities of Cyberport start-ups.

CIN comprises over 100 investors of different categories including angel, Pre-A and Post-A rounds, who are interested in new economic opportunities. Their diverse practices and investment aptitudes complement the needs of the Cyberport start-up community. Cyberport’s incubation programme, in addition to financial assistance, also offers a range of services including fundraising training and investor matching opportunities for the incubatees to accelerate their growth.

Cyberport Venture Capital Forum 2018 connects innovators with investors

The insights and trend forecasts of the global venture capital market and the digital technology arena from these thought leaders will be shared with participants at the annual Cyberport Venture Capital Forum (CVCF) 2018.

Executives from leading venture capital firms, accelerators and tech corporations will provide their tips about smart digital tech investments.

A diverse line-up of programmes, including Investor Workshop, Start-up Workshop, Investor Matching, Pitching and Digital Tech Showcase, is available on this holistic platform designed to connect investor icons, industry professionals and start-up founders.

CVCF has a track record of being effective in fostering partnerships focusing on early-stage tech investments, particularly in Fintech, AI/Big Data, Blockchain, as well as Smart City/Living.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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