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5 in 5 minutes - Dec 09

Hong Kong Startup News Roundup

Cyberport launches Smart-Space FinTech to support FinTech entrepreneurs

Cyberport new smart spacefor Hong Kong FinTech startup - W Hub startup news round

December 6th, 2016 marks the opening of Cyberport's Smart-Space FinTech, a 35,000 square feet co-working space for FinTech startups. Smart-Space FinTech, together with Smart-Space FinTech 1, marked over 50% increase of Smart-Space in Cyberport.

Dr Lee G. Lam, Chairman of Cyberport, also announced during the opening ceremony that Cyberport has also increased the number of intake for the Cyberport Incubation Programme and the Cyberport Macro Fund.

Click here to see the full press release

PolyU Entrepreneurship Parade 2016 to support 34 start-ups

The Hong Kong Polytechnic University organized the PolyU Entrepreneurship Parade to honor 34 startups awarded by PolyU Micro Fund , HKSTP-PolyU Tech Incubation Fund and PolyU Tech Launchpad Fund.

Receiving a total of 183 applications from the mentioned schemes which include education and e-commerce platform, fashion design, mobile application, environmentally friendly products, etc., 34 startups were selected to either receive PolyU entrepreneurship funding, admission to incubation programme from HKSTP or receive a dollar-for-dollar matching grant from PolyU against collaborating investors.

PolyU collaborates with Huawei to set up Hong Kong's first optical communication laboratory

The Hong Kong Polytechnic University announced on November 30th the collaboration with Huawei for the "PolyU-Huawei Joint Laboratory for Optical Interconnection Network and Advanced Computing System".

PolyU and Huawei will work on researches related to optical communication systems and advanced computing systems leveraging on the synergy of the industry and the university.

Singapore's Carousell to expand to Australia

The Singapore-based online P2P marketplace is expanding to Australia with an office placed in Melbourne. Launched in 2012, the startup has expanded to 13 cities globally with over US$35 million of funding from investors including 500 Startups and Sequoia Capital.

Singapore Institute of Management kicks off entrepreneurship support program

The Singapore-based private business school announced the launch of its entrepreneurship support program, investing US$35 million to support the program.

The first part of the scheme is Platform E, a program that serves as school and incubator for entrepreneurs. Platform E is separated into 2 tracks open to tech and non-tech ideas. To learn more about the program, click here

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