Showing posts with label innovation. Show all posts
Showing posts with label innovation. Show all posts

Thursday, August 21, 2014

53 Israeli startups to participate in this year Hong Kong startup contest

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.

InvestHK announces 2013 StartmeupHK Venture Programme Grand Award winners
2013 startmeupHK finalist

Wednesday, August 13, 2014

Xiaomi Sold 20,000 Units of Mi3 Mobile Phone Within 2.4 Seconds

Xiaomi, Chinese leading smartphone manufacture sold yesterday on Flipkart, India's leading online megastore, 20,000 units of their Mi3 smartphone within 2.4 seconds. The sale began at 2pm and users that tried to order the smartphone received the message that the sale was completed and the smartphones are out of stock.


Xiaomi started to sell in India on July 22nd and it took 40 minutes for all the smartphones to be sold. the second batch was sold in 5 second and the third batch at a record speed of less than 2 seconds. Next sale is schedule to begin on August 19th and registration begins today.

Last year Xiaomi invested in Pebbles Interfaces, Israeli start up that develops advanced motion sensors.