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Written by: Wang Yuechen
2021-05-25 06:00
Last update date: 2021-05-25 06:00
When it comes to entrepreneurship, many friends would like to participate in some incubator programs.
Among them, the "Cyberport Cultivation Program" is a popular choice for digital technology start-ups, because in addition to getting up to 500,000 yuan in start-up funding, professional entrepreneurship guidance, business matching and other services, it can also be free of charge within two years of the training program. Enjoy the office space of the Cyberport Enterprise Development Center. Therefore, the Cyberport Cultivation Program has more than 130 places each year. In recent years, it has recorded several times the number of "excess applications", and the successful finalists have a certain level.
After the start-ups have completed the incubation plan, they must free up the office space of the corporate development center for a new batch of nurturing start-ups, but many of them still hope to stay in the Cyberport Park to rent offices and continue to expand their business. What attracts them?
Let RISKflo, which is engaged in RegTech, and the two start-ups of ESG Matters, a green data platform, show up and share why they chose to stay in the Cyberport Park after successfully completing the two-year incubation period.
Returnee entrepreneur Felix: Innovation and technology must have a comfortable space
RISKflo is a regulatory technology company that specializes in assisting companies, including financial institutions and insurance companies, to electronically and improve assessment forms, checklists and business rules in the reporting process.
In order to cope with the development of emerging Asian markets, RISKflo was established in Hong Kong in early 2019 and has been included in the Cyberport Cultivation Program.
After graduating in February this year, RISKflo chose to stay in Cyberport.
Felix Zhang, CEO of RISKflo, said that this is because Cyberport has support for start-up companies in all aspects, which can enable the company to develop better. "Cyberport is the stronghold of Hong Kong's financial technology, and there are many financial technology companies in the park. It is very convenient to contact and meet with other companies to discuss cooperation space. In addition, because I am returning from a foreign country, I feel that I must have a comfortable space for innovation and technology. The Cyberport Park is adjacent to the waterfront park with beautiful scenery, allowing entrepreneurs to enjoy a leisurely and comfortable environment. Feel free to use your creativity. Knowing that the Cyberport expansion project will optimize the waterfront park and add more greenery, I believe it will inspire more new ideas by then.” Riskflo currently rents a 4-person workspace in the Smart-Space Cyberport shared workspace Zhang Haonian is also very much looking forward to the completion of the fifth phase of the Cyberport building. He hopes that after the expansion, he can move to a workplace with at least 12 people to support business expansion.
To promote the development of regulatory technology, Zhang Haonian (left) and a group of like-minded RegTech entrepreneurs established the RegTech Association of Hong Kong. Among them, there are many regulatory technology companies in the park, and Cyberport also strongly supports them.
Being in the park also helps him and the members of the Entrepreneur Group at Cyberport understand the latest start-up support information and park activities, which will help the company's business development.
Stay in the park and keep abreast of industry development trends
ESG refers to the environment (Environmental), society (Social) and governance (Goverance). It is an important concept for the business community to promote sustainable development in recent years, and it has also attracted investors' attention.
ESG Matters was founded in 2014 by Dr. Glenn Frommer, the former head of corporate sustainability of the MTR Corporation Limited. It is dedicated to the development of a green data platform ESG Dashboard, which collects and converts data, makes it easier to estimate corporate emissions and carbon pricing, and makes audits easier.
ESG Matters completed its incubation period in June last year. Yang Wanwen, assistant director of the company’s business development and marketing department, said: “The Cyberport Entrepreneur Group will provide diversified support for start-up companies, including providing business matching, training, and investor relations. Meetings, etc., provide many opportunities for start-up companies. Moreover, we can often exchange information about new technological developments with other companies in the park, and actively participate in social and training activities in the park." Cyberport often holds many activities in the park. Start-up companies have the opportunity to contact different stakeholders, including industry associations, investors, partners, regulatory agencies, government departments, etc., so that start-up companies have more development opportunities and receive the most professional advice.
The ESG Matters team stated that they are currently renting a 6-person office in Smart Space and are also looking forward to the expansion of Cyberport's fifth block. They believe it can create more and better spaces for the company's development.
Cyberport Phase 5 Improves Local Innovation and Technology Ecosystem
The Cyberport has gathered more than 1,650 start-ups and technology companies. There are also many powerful companies and start-ups in the park. They live in various shared workspaces. Through mutual exchanges, cooperation between companies can be promoted. However, the park’s office buildings and The occupancy rate of shared workplaces is as high as 90% or more. As the flagship of Hong Kong's information and communication technology, the Cyberport must add more space to attract more innovation and technology companies and technology multinational companies to enter the Cyberport to improve the local innovation and technology ecosystem system.
Therefore, Cyberport has already expanded plans to build "Cyberport Phase 5", which includes the construction of a new office building that provides offices, shared workspaces, data service platforms, multi-functional conference halls and supporting facilities, etc. It will also optimize the current The waterfront park is expected to bring billions of dollars in economic contributions to Hong Kong.
Cyberport can provide a space for digital technology solutions to be implemented, giving start-up companies the opportunity to test different products and projects. Therefore, the robots and vending machines that you see in the park are actually from Cyberport start-up companies.
Information and photos provided by the customer
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