2014 StartmeupHK Venture Programme and Global Awards Launch
Last Friday EHK was invited to the 2014 StartmeupHK Venture Programme and Global Awards Launch at the notorious Sky100 building.
The programme is a global competition where high-impact, innovative and scalable startups will be able to compete against each other in order to win US$500,000. This will enable the winner to expand and build their business globally, starting here in Hong Kong.
Throughout the event, Simon Galpin, Director-General of Investment Promotion, welcomed us at a networking reception in order to launch this programme. He established how it’s designed to create a buzz amongentrepreneurs in the local and overseas startup communities. The programme is intended to help promote Hong Kong as a startup destination, bring global entrepreneurs to the city and facilitate collaboration between overseas entrepreneurs and Hong Kong-based start-ups companies.
Joining Mr Galpin, was also Gregory So, Secretary for Commerce and Economic Development, and other leading players from Hong Kong’s startup and venture capital communities.
The event was held at Sky100, where all the attendants got a fantastic 360-degree panoramic view of Hong Kong’s skyline, making the event not only a great place to meet inspiring entrepreneurs but also a beautiful place to enjoy Hong Kong from the heights.
Entries for the programme are still open but they will close by the 31 July 2014 (12:00 noon Hong Kong time). Submissions received after this will be not be considered.
Entrants should submit, in English, the online application form and a two-minute video in order to enter the 2014 StartmeupHK Venture Programme. The application form comprises six sections with 26 questions (25 questions for concept and prototype stage applicants) after you’ve entered your basic information. The questions will ask for the following:
- Elevator pitch of the business, purpose of the business, problem/opportunity that is being addressed, product, its value proposition and innovation
- Team, including board members and advisors
- Competitors and competitive advantage, stakeholders
- Business model, sources of funding, financial information, milestones to date and three-year development path, assets and liabilities
- Impact and potential impact: economic, social and/or environmental assessment in quantitative and qualitative terms
- Links with and/or development plans in Hong Kong