HONG KONG , CHINA – Media OutReach – 6 Nov 2019 – Cyberport concluded its annual premier event, Cyberport Venture Capital Forum (CVCF) today....

HONG
KONG , CHINA – Media OutReach – 6 Nov 2019 Cyberport
concluded its annual premier event, Cyberport Venture Capital Forum (CVCF)
today. The two-day event attracted over 900 participants and featured industry
leaders, investors, venture capitalists and star start-ups from the Cyberport
community to explore the latest trends in the venture capital ecosystem. Meanwhile,
the Intellectual Property Innovation & Entrepreneurship Contest Global
(IPIEC Global) Hong Kong Chapter Finals took place in the afternoon, ending the eventful two days at
Cyberport on a high note. The winner and runner-up of the contest will
represent Hong Kong to take part in the roadshows in the Mainland and compete
in the Global Grand Final for an opportunity to meet potential investors.

The forum hosted start-up workshops this morning led by professional
investors to impart knowledge on raising venture capital and examine topics
such as how emotion and intuition of angel investors or venture capitalists
impact the fundraising process, technological trends and opportunities for
international businesses and the ways start-ups can prepare for investor
pitching. Over 200 one-on-one meetings betweenstart-ups and investors were
arranged to facilitate venture investments.

Hong Kong representatives from IPIEC Global compete
to win
US$100,000 cash prize

Carrying on the energetic overtone of venture capital investments, the
IPIEC Global Hong Kong Chapter Finals came to a successful conclusion this
afternoon. The event was jointly organised by the Office of the Government
Chief Information Officer, China Centre for Promotion of SME Development and
the Liaison Office of the Central People’s Government with Cyberport, WTOIP.com
and the Angel Investment Foundation as co-organisers . Of the top 10 finalists, Light
Inno Tech Limited (Lightsheet Microscopy System ) came in first place
and Artro Digital Limited (Infanity 3D — 3D holographic imaging system) and Cellomics
International (Liquid Biopsy for Cancer Monitoring and Early Screening) were placed
first and second runner-ups respectively. The winner and first runner-up will
represent Hong Kong in the semi-final to be held in Guangzhou next month and compete
for the US$100,000 cash prize in the Global Final. They will also have a chance
to connect with venture capital in Mainland China, opening a wealth of
opportunities for enterprises and potential investors.

Successful start-up and investor matching

Consistent with the global trend of corporate venturing, the competition
has generated valuable opportunities for local innovative technology start-ups
to match the needs of Hong Kong and Mainland Chinese enterprises. Six entries were
identified by local enterprises, attracting a total of HK$60 million in intentional
investments and plans to kickstart their partnerships.

Peter
Yan, CEO of Cyberport, stated
, “Digital transformation is the global trend. The
demand from corporations to fuel business development with innovative
technologies is on the rise. As a key driver of Hong Kong’s new economy,
Cyberport actively connects venture capitalists, enterprises and start-ups
to generate deal flows and business opportunities. We are glad to see many
Cyberport companies successfully matched with the innovation needs of
corporations. We are confident this competition will be a
springboard for these start-ups to link up with venture capitalists and help
them capture opportunities in the Greater Bay Area and beyond.”

The winner and first runner-up
of the Hong Kong Chapter will be attending the global semi-final and will join
28 other winners from other regions in the training camp next month. Attendees
will receive professional guidance including market analysis and project
fine-tuning from renowned investors and industry experts. The two Hong Kong
teams will participate in road shows at several Chinese cities with high-tech
industries, attend investor matching events organised by local governments and
technology parks as well as visit local technology clusters and leading enterprises.

Three of Cyberport’s
Incubatees enter the 10 top finalists

The competition covers 11 topics, including FinTech, biomedicine,
advanced manufacturing, A.I. & big data and attracted 94 start-ups to
participate. Cyberport’s incubatees VAR LIVE, Artro Digital Limited and
WildFaces Technology Limited and their outstanding technological innovations were
selected as top 10 finalists.

IPIEC Global bridges together innovative technologies and enterprises, marketing
operation with government policies, facilitating collaborative innovation in
the industry, and enhancing competitive advantages. Held for the third
consecutive year, the contest spans nine competing regions including UK,
Germany, Switzerland, Russia, Israel, Australia, South Korea, ASEAN and Hong
Kong. The global championship last year was awarded to Novus Life Sciences from
Hong Kong.


For high resolution photos, please download via this
link .

About Cyberport

Cyberport is an innovative
digital community with around 1,400 start-ups and technology companies. It is
managed by Hong Kong Cyberport Management Company Limited, which is wholly
owned by the Hong Kong SAR Government. With a vision to be the hub for digital
technology thereby creating a new economic driver for Hong Kong,

Cyberport is committed to
nurturing a vibrant tech ecosystem by cultivating talent, promoting
entrepreneurship among youth, supporting start-ups on their growth journey,
fostering industry development by promoting strategic collaboration with local
and international partners, and integrating new and traditional economies by
accelerating digital transformation in the public and private sectors. For more
information, please visit www.cyberport.hk

Source:: Media Outreach

admin