This past Thursday, Plug and Play headquarters hosted a delegation from Hong Kong Cyberport for a Pitch and Networking Event. The group, led by Hong Kong Cyberport CEO Herman Lam, brought 15 of their hottest startups to present in front of a panel of judges composed of Plug and Play investors and Executives in Residence.
Cyberport, founded in 2002, is a “creative digital community with a cluster of technology and digital content tenants” that is owned by Hong Kong’s SAR Government. Their 100,000 square meter operation is host to a number of established companies in addition to an incubation program from which 15 startups presented in Sunnyvale and San Francisco yesterday afternoon. Cyberport’s startups represented a broad range of interests from retail optimization to education technology. The delegation featured entrepreneurs with innovative technology solutions across multiple verticals, each of which gave a five minute pitch detailing their idea. Plug and Play’s panel of judges sat in attendance providing feedback while considering potential investment opportunities.
There are a host of reasons that Hong Kong is an extremely exciting place for startups. Hong Kong has the infrastructure as well as the economy to capitalize on a consistently innovative local talent base, and the citizens have a heightened global sensibility that speaks to the city’s unique history. According to Herman, “There is a lot of talent. People in Hong Kong are very international, but at the same time they know about China. We are a part of China, but we are facing the world.” As a Chinese city with a globalized community, Hong Kong stands as a perfect starting point for foreign companies looking to become acquainted with the region.
Yesterday’s Pitch and Networking Event came as a perfect opportunity for collaboration as Hong Kong is a global launchpad point for tech startups in the same way that Silicon Valley is the digital nexus of the United States. According to Leslie Yuen, the U.S. Consultant for Cyberport, Hong Kong is special because it is “a city of immigrants, very similar to Silicon Valley. If you look at the delegation today we have members from India, Europe, Australia, and China: it’s a representation of Hong Kong. It’s a very global city, and we have the same dream and the same goal as silicon valley.”
The event was a testament to the nature of Plug and Play’s relationship with Cyberport, and we hope to collaborate as much as possible moving forward. To find out more about Cyberport, check out their website.
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