Cyberport Celebrated Record Success of Hong Kong ICT Startups
Hong Kong ICT Awards-winning start-ups with Cyberport dazzled the tech community with their creative ideas and savvy use of technology as they reach for global success
Hong Kong, 20 May 2014 – Cyberport and its outstanding start-up companies were joined by angel investors, ICT industry leaders, events partners and Legislative Council Member – in a celebration party yesterday (19 May) in honour of their record success at the Hong Kong ICT Awards 2014.
Cyberport’s community members had swept a total of 31 awards across six categories, including two Grand Awards by their start-up program incubatees: manufacturer of game accessories for smartphones and tablets, Phonejoy Solutions Ltd., and Viss Me Co. Ltd, which is a social media and e-commerce platform for fashion and style. Martin Kessler, a young entrepreneur from Germany who founded Phonejoy Solutions Ltd., said he had chosen to take root in Hong Kong because of its world-class infrastructure, and the support offered by Cyberport. “On the top of rent incentive and funding, Cyberport connects us to the movers and shakers in the industry on an international basis. This is tremendously helpful in raising our profile and accelerating the growth and success of our business.”
Martin Kessler, Founder of Phonejoy Solutions Ltd. (in the centre) was voted to be one of the top start-ups in the one- minute elevator pitching competition。(From the left) Mr. Herman Lam, Chief Executive Officer of Cyberport. (From the right) Hon Christopher Cheung Wah-fung, JP, Member, Panel on Information Technology and Broadcasting, Legislative Council.
Ivy Wong, a home grown talent who co-founded Viss me Co. Ltd, said she was able to attract international angel investors of matching profile with the help of Cyberport. “All start-ups struggle with funding because they always think ahead of the market,” said Wong, also a veteran in Hong Kong’s ICT industry. “Thanks to Cyberport, I was able to secure funding from various investors to capture the business opportunity and create a niche market.” “We are extremely proud of our start-up companies” said Paul Chow, chairman of Cyberport. “It is heartening to see how the ICT community in Hong Kong has matured and flourished over the years. Through Cyberport’s ecosystem, our talents from home and aboard are able to take root in Hong Kong and attract the best of international industry investors.” Microsoft Ventures, for example, had recently entered into a multi-year strategic partnership with Cyberport to help qualified Cyberport start-ups get funding, mentorship and training from Microsoft’s global network, Chow added. Those qualified start-ups will also gain access to many of Microsoft’s customers. “I am confident that Hong Kong will continue to be an important ICT hub in Asia, where success stories are being created,” Chow said.
To spice up the celebration party, all of the 12 start-ups were asked to participate in a one- minute elevator pitching competition in front of a panel of judges who are from Hong Kong- based venture capital funds with local, mainland and overseas networks. They include Mr. Gabriel Fong, Co-Founder of Archangels Access; Mr. Kevin Yeung, Co-Founder of Archangels Access; Mr. Marvin Lai, Managing Partner of iTM Ventures Inc.; Mr. Richard Chan, Managing Partner of IronFire Capital; Ms. Frances Du, Director of Greater China Region of Microsoft Ventures as well as Mr. Felix Lam, Managing Director of Red Chapel Advisors.
Marvin Lai, managing partner, of iTM Ventures Inc. who also chairs the venture committee of the Hong Kong Venture Capital and Private Equity Association, was also one of the judges. “I am very impressed with the creativity of the start-ups companies qualified by Cyberport,” said Lai, who has 27 years of experience in financial services, consumer, and technology sectors.
“With its heritage as an international financial hub and sophisticated understanding of the global consumer market, Hong Kong has a unique role to play in the region as a breeding ground of the next legend in the IT industry.”
Among the participating start-ups, three were voted to be the top start-ups of the evening. They were manufacturer of game accessories for smartphones and tablets– Phonejoy Solutions Limited; event automation solution provider – EventXtra; as well as place listing app developer Kites Limited. The winning teams had a follow-up meeting with the angel investors present at the celebration event.
Sum Wong, CEO of Eventxtra (in the centre) was voted to be one of the top start-ups in the one- minute elevator pitching competition。(From the left) Mr. Herman Lam, Chief Executive Officer of Cyberport. (From the right) Hon Christopher Cheung Wah-fung, JP, Member, Panel on Information Technology and Broadcasting, Legislative Council.
Joey Lam, Deputy Government Chief Information Officer of the HKSAR Government, were also present at the event to give a congratulatory note to the participants and guests. “In today’s world, technology is the key to maintain and enhance Hong Kong’s competitiveness. Cyberport has been a cradle of many successful technology start-ups. I am confident that it will continue to create a favourable environment to incubate and nurture innovative ideas, enabling both local and overseas start-ups to spread their wings and take their venture overseas,” Lam said. “I am also delighted to see how our local and overseas talent are able to use technology to transform and amplify Hong Kong’s advantages as Asia’s world city. As we move forward, Hong Kong will continue to gain recognition from the international community as the ultimate Asia destination for technology and innovation.”