Program brings together teams from around the Asia-Pacific region in a celebration of the startup ecosystem’s growth and development.
Hong Kong, April 23, 2019 –The STILE Initiative, a groundbreaking incubation program founded by Hong Kong-based conglomerate Stan Group, launched on April 6 as the first cohort of five startups came together for the first time.
The investment-backed program received applications from early-stage companies in 11 cities around the Asia-Pacific region. Selected teams are now based in Hong Kong for the next 4 months to take part in the program.
Over the course of the program, teams will be exposed to the vibrant Hong Kong startup ecosystem from end to end, in addition to making strategic partnerships in the corporate sector, which is a key element in successfully completing the program. They will also benefit from the experienced mentorship of experts in strategy, branding, fundraising, and more.
As Asia’s first investment-backed residential incubation program, The STILE Initiative cultivates a select group of Asia-Pacific’s finest startups and aims to build a sense of community and friendship amongst them. All the teams will be working at The Wave co-working space in Mong Kok on a day-to-day basis. Through living together, working together, and exploring Hong Kong together, teams will build long-lasting connections and share knowledge to help each other grow.
The program is the brainchild of Stan Group, a Hong Kong-based conglomerate with over US$60 billion in assets and businesses across industries of property investment and management; hospitality and catering services; telecom and advertising; financial services and social innovation development (The STILE). The program is co-organized by Jumpstart Media, a multifaceted consulting and media organization that publishes Jumpstart Magazine and works closely with leading players in the startup ecosystem.
Meet the Cohort 1 Teams
Portfolio.io – Portfolio.io is the first user-friendly portfolio manager for crypto assets.
Liquefy – Liquefy enables digitization of assets such as private companies, funds, and real estate through blockchain technology.
Flow – Flow helps short-haul city travelers find a quality hotel room or an office space to stay for less than a day.
Butterfly FX – Butterfly FX is developing a platform to connect trusted lenders and qualified small business borrowers, using an inclusive, alternative credit rating model.
Butler – Butler provides one-stop professional services solutions for apartment residents, businesses, property managers, and building owners.
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ABOUT STAN GROUP
Stan Group (Holdings) Limited (“Stan Group”) is a conglomerate with more than 30 respected brands across various industries. The Group’s investment strategy focuses on five areas of business: property investment and management (SG Properties), hospitality and catering services (SG Hospitality), telecom and advertising (SG Communication Services), financial services (SG Financial Services) and social innovation development (The STILE). With over HK$60 billion in AUM in partnership with Tang Shing-bor’s family business, the group believes in furthering our reputation as a forward-looking organization that strives to change business for good. www.stangroup.com.hk
ABOUT JUMPSTART MEDIA
Jumpstart Media is a platform that connects and supports Asia’s entrepreneurial ecosystem through content, non-profit initiatives, and corporate partnerships. We publish Jumpstart Magazine, a leading voice for and the only print magazine covering startups and technology in the APAC region. Jumpstart will be managing The STILE Initiative, taking a hands-on approach with participating teams. www.jumpstartmag.com
For media enquiries, please contact:
Stan Group (Holdings) Limited
Andy Hung
Public Affairs Manager
Tel：+852 2201 9663
Email：andy.hung@stangroup.com.hk
Carmen Lam
Senior Public Affairs Manager
Tel：+852 2201 9682
Email: carmen.lam@stangroup.com.hk
Jumpstart Media Limited
Nayantara Bhat
Editorial Associate
Email: nayantara@jumpstartmag.com
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