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5 in 5 minutes - November 25th

Hong Kong Startup News Roundup

WeWork Hong Kong launches campaign to offer free workspaces to startups for up to 6 months

Wework Hong Kong and W Hub launched a new startup initiative: Mission Possible.

This program is designed to help empower the startup community in Hong Kong.
WeWork is looking for local startups to give 3-6 months of sponsored space, mentorship, and a chance to leverage all the possibilities of being a part of a community. In return, they ask the selected startups to give back to the local community through volunteer work or help further flourish the WeWork community.

Click here to see more information 

Final Call for application of the Cyberport Creative Micro Fund (CCMF) and Cyberport Incubation Programme

Cyberport Creative Micro Fund encourages innovation and creativity in Hong Kong. The programme sponsors high potential digital tech start-up projects with a HK$100,000 cash grant.

Cyberport Incubation Programme supports entrepreneurs and start-ups with resources that aim to accelerate their growth. Incubatees get up to HK$330,000 support with a range of business and professional services to accelerate the growth of their business

HKITC launches Technology Voucher Programme to support SMEs

Hong Kong Innovation and Technology Commission launched the Technology Voucher Programme (TVP) to subsidize local small and medium enterprises in using technological services and solutions to improve productivity or upgrade or transform their business processes.

The program will be implemented on a pilot basis starting from November 2016, with HK$500 million from the Innovation and Technology Fund. Funding up to $200,000 for each eligible enterprise will be provided on a 2:1 matching basis. The applicant enterprise must contribute no less than one-third of the total approved project cost in cash.

Click here to learn more about the programme

Fintech O2O Fintech Week gathers creative thinkers and entrepreneurs from the Fintech sector

Fintech O2O Fintech Week: State of the Ecosystem, a one-day event powered by NexChange and Cyberport, has gathered entrepreneurs in the city during Hong Kong Fintech Week to exchange thoughts around various topics, including how to attract talents, education on Fintech in Hong Kong, startup infrastructure, technology, and service etc.

Karena Belin, cofounder at WHub acts as the moderator at Fintech O2O

China's to acquire Skyscanner for $1.74 billion

China's biggest online travel company International Ltd agreed to buy Scotland-based travel search website Skyscanner Holdings Ltd at about 1.4 billion pounds (around US$1.74 billion). Ctrip said Skyscanner will continue to run its operation independently after the close of the deal.

Skyscanner serves 60 million monthly active users and the website is available in more than 30 languages. Skyscanner raised 128 million pounds in a funding round in January and was valued at $1.6 billion.

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