The 2014 StartmeupHK Venture Program is a global competition for innovative, impactful startups with aims to expand their business from the shores of Hong Kong. Hong Kong plays a central role in the global marketplace with sophisticated technology, logistical infrastructure, and financial support systems in place. With a gateway into mainland China, an established manufacturing hub, and the world’s fastest growing consumer market, Hong Kong is vital to worldwide business and will continue to be for years to come.
The aim of the 2014 StartmeupHK Venture Program is to attract talented entrepreneurs from Hong Kong and around the world in order to create a one-stop platform to grow businesses by giving startups access to investors, multinational corporations, coworking spaces, university partnerships, and entrepreneur clubs. The program is also a prime opportunity to meet potential collaborators in the startup world. Most importantly, the program gives the winners access to Hong Kong’s premier financial, intellectual, and social capital.
This year’s 2014 StartmeupHK Venture Program attracted 550 applicants, the majority from Hong Kong (178), but entries also came from the U.S. (65), India (46), the U.K. (30,) and Israel (53). Out of the 550 applicants, semi-finalists will be interviewed and then 12 winners will be picked based on two categories. Those lucky 12 winners will be flown to Hong Kong for a five-day programme in November. During the five days, the 12 winners will attend a pitching session where 3 Grand Award Winners will be selected by a judging committee and the audience. Cash prizes total to more than $500,000 USD, generously provided from corporate sponsors.
To apply for the StartmeupHK Venture Program, it’s essential to be charismatic on camera because submitting a video is part of the application process. In addition the a video, applicants have to submit a well-written document outlining the purpose and pitch of the business, the product and it’s value, the members of the team, including board members, what the business’ competitive advantage is, a thorough business model, and any plans for development in Hong Kong.