BODW 2020 provided a glimpse of the post-COVID world – what it will look like, the foremost emerging technologies and their applications, and impending changes to our lifestyles. Hong Kong Design Centre (HKDC) and the Hong Kong Trade Development Council (HKTDC) organized the Business of [...]
November 5 – 6, 2019
Cyberport, Hong Kong
Featuring a program designed for investors and founders alike, Cyberport Venture Capital Forum (CVCF) kicked off its two-day program in Hong Kong with compelling updates on the city’s investment landscape.
CVCF is the flagship event from Hong Kong-based Cyberport, a digital innovation hub that offers funding and office space to startups and technology companies. In addition to its regular programs, the organization has also launched the Cyberport Investors Network (CIN) and the Cyberport Macro Fund (CMF) in recent years, both of which have raised funds to support startups.
Cyberport Chairman Dr. George Lam stated during his opening speech that despite macroeconomic conditions, he expects tech development in the Greater Bay Area to continue growing. He also announced key figures from the Macro Fund: in 2019, it invested HK$106 million into 14 startups, bringing total startup funding volume to over $600 million when counting $500 million in co-investment deals facilitated by CMF.
The CIN, meanwhile, has been steadily adding to its membership, with over 100 investors and HK$360 million raised for Cyberport startups. Currently, around 1,400 startups and tech companies are based there.
CVCF’s program also included a lineup of panels and keynotes centered on the theme ‘The New Frontier of Tech Venturing.’ Dozens of VCs spoke on topics ranging from growth in the corporate VC space to strategy development for family offices. Speakers included Gobi Partners China Managing Director Michael Zhu and Tencent Investment Managing Director Dan Brody.
While these discussions provided an informational base for both startups and investors, the Innovator Showcase and the Founder Stage provided opportunities for product demos and pitches. Startups were also able to take advantage of the event’s Investor Matching platform to schedule one-on-one meetings with potential backers.
With CVCF’s exciting lineup of speakers and its growing network of reputed investors, it has proved to be one of Hong Kong’s most robust platforms for startups in search of funding. –NB