Invest Hong Kong,
a government organization that promotes investment and entrepreneurship in Hong
Kong, announced that 550 startup companies enter the 2014 StartmeupHK Venture
Programme. The 550 entries come from 47 countries. 178 Hong Kong companies applied together with 65 from
the US, 53 from Israel, 46 from India and 30 from the UK. Majority of the companies
are still in the concept or prototype stage, but a third are companies already
earning revenue or with active users.
Mr. Simon
Galpin, InvestHK’s Director-General told Forbs that “I am happy to see the
increasing popularity of our competition as evidenced by the almost 40 per cent
increase in the number of entries submitted.” He added “I am also very pleased
to see that the competition has reached more entrepreneur-led businesses in
more overseas economies. Hong Kong offers an ideal foothold and a great
opportunity for them to scale up and ‘go global’. I’m glad to see that our
message about Hong Kong’s rapidly developing start-up ecosystem is spreading,
which is one of the purposes of our StartmeupHK brand initiative and
competition.”
Preliminary
judging will narrow the list to 12 finalists that will be flown to Hong Kong and
participate in the StartmeupHK Week in November and a panel of judges will
select three Award Winners that will receive total cash prizes of $500,000.
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| 2013 startmeupHK finalist |
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