InvestHK launches venture program contest for entrepreneurs

Plans to make HK the world's most promising start-up hub.

Invest Hong Kong has launched its “StartmeupHK Venture Programme 2013” to attract local and overseas entrepreneur-led businesses to set up or expand in Hong Kong.

The Venture Programme features a global competition for innovative and high-impact entrepreneurs. It will culminate in a week-long event in December 2013 in which 12 shortlisted finalists will be provided with access to business partners, financial capital, market knowledge and marketing opportunities.

They will also compete to win prizes including free advisory services such as accounting, legal, design and branding services, plus free work/retail space provided by sponsors and programme partners.

Entries can be lodged until the closing date of August 26, 2013. First-time or serial entrepreneurs who have an interest in expanding globally via Hong Kong and lead an early to growth stage venture are eligible to enter.

An assessment based on the team's vision and competency, the value proposition of the business, the business model and the potential benefits to Hong Kong will see the 12 overseas finalists flown to Hong Kong for the final stages of the competition between December 4 and 7.

After pitching their businesses to a panel of judges and Hong Kong's business community at a forum, six finalists will be selected to compete for three Grand Awards.