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Dear HKSUA,
The HKSUA is pleased to announce details of our forthcoming event at Hong Kong Science Technology Parks (HKSTP) on March 16th 2010.
Frederick Yung, Senior Manager of the HKSTP, will present on the topic of “The 3 P’s of Angel Financing for Entrepreneurs: Principles, Practice, & Pitch Preparation To Investors”. The HKSUA will also provide an update on developments and plan for 2010.
All those interested to learn about pitch preparation and understanding angel financing are encouraged to attend.
The event will be held at meeting room 3, G/F, InnoCentre, 72 Tat Chee Avenue, Kowloon Tong starting at 6:30pm to 8pm on Tuesday 16 March 2010. Places are limited.
Please email info@hksua.com.hk to register. Places will be allocated on a first come first served basis.
Thank you and look forward to seeing as many of you as possible.
Regards,
HKSUA
Dear HKSUA,
Cyberport is hosting the Digitial Entertainment Leadership Forum (DELF) on 23 March 2010.
Themed “Seeing 2020 - New Directions and Coming Trends: The Next Wave of Digital Creativity”, DELF 2010 will examine how the creative industries converge and in particular what factors and forces will influence the shape and future of digital content and media entertainment during the coming decade. This year, they have invited a Five-time Oscar Award winner Richard Taylor (from Founder of Weta Companies, NZ) who contributed to James Cameron’s number-one-box-office blockbuster, Avatar, in aspects of visual effects, costumes, props and weapons and will share his outlook and anticipations on the future of digital entertainment/media.
The HKSUA is pleased to offer a discount rate of HK$300 for our members to attend (normal price HK$800) and HK$50 for access to the workshop (normal price HK$100). Inerested members should contact info@hksua.com.hk to request an application form. DELF’s website is delf.cyberport.hk.
Regards,
HKSUA
The HKSUA wishes to congratulate the winners of the 2009 Cyberport Creative Micro Fund.
In alphabetical order the following will each be the recipient of a HK$100,000 grant courtesy of Cyberport:
Aldiko
Alkheme
M3 Games
Smartpad
Smile
Please join us in congratulating the winners.
Thanks to those who applied, the vetting committee members and of course to Cyberport for making this happen.
The HKSUA is working on further exciting developments for 2010 and will make an announcement in due course.
Regards,
HKSUA
Dear HKSUA members,
We would like to thank those of you who have submitted an application to the Cyberport Creative Micro Fund.
The response to the initiative has been very strong.
We would like to remind those of you still interested in submitting an application to do so on the following website by the final deadline by end of day on Saturday Oct 31st 2009:
http://ccmf.wikienterprise.com
Should you have queries, feedback, or wish to collaborate with other entrepreneurs, please use the Resources and Forums sections of the site.
Thanks and Regards,
HKSUA
The CCMF Application is available online (with the eligibility requirements) at:
http://ccmf.wikienterprise.com
Please use the Resources and Forums as well for your questions/feedback as well as the collaborate and participate with other current and would-be entrepreneurs.
The deadline for the application is October 31st.
HKSUA
1.0 Objective
The Cyberport Creative Micro Fund (CCMF) Pilot Scheme is set up to encourage innovation and creativity, by seeding potential good start-up projects or business concepts in digital entertainment, digital content and creative lifestyle. This fund is focused on a particular industry sector which is consistent with Cyberport’s public mission. Hong Kong Cyberport Management Company Limited (Cyberport) is to award half a million dollars in grants through CCMF. CCMF will award up to $100,000 each to five promising startup projects in digital creative innovation. Cyberport has engaged the Hong Kong Startup Association (HKSUA) to do the overall program management of the CCMF Pilot Scheme.
2.0 Background information
The Cyberport Creative Micro Fund (CCMF) Pilot Scheme is set up to encourage innovation and creativity by seeding creative and innovate start-up projects or business concepts in the digital entertainment, digital content and creative lifestyle sectors. The CCMF will encourage rapid prototyping of digital, creative content-based ideas, which may or may not lead to intellectual property, that can be commercialised. This fund is focused on industry sectors which are consistent with Cyberport’s public mission.
CCMF is designed as an award scheme so that Cyberport will not take on any financial interest of the awarded applicants and will maintain its neutrality. The applicants are asked to voluntarily contribute to CCMF, after their projects become financially successful. The management of Cyberport and the HKSUA believe that if successful CCMF will start a new trend of private-sector driven financial support to the development of creative business in Hong Kong, which complements government funding schemes such as the Innovation Technology Fund (ITF) and/or CreateSmart Initiative (CSI). The purpose of the CCMF Pilot Scheme is to demonstrate the viability and success of the CCMF model for a possible extension and expansion of the CCMF project.
3.0 Composition of the Vetting Committee
The Vetting Committee consists of five members assembled by the HKSUA (in consultation with Cyberport) from a diverse cross-section of the members of Hong Kong’s ICT community, including a Cyberport representative . Vetting Committee members were chosen because of their knowledge of trends in the digital entertainment, digital content and creative lifestyle sectors, prior work and engagement with local startups or other companies in the aforementioned sectors (as consistent with CCMF Pilot Project’s mandate) and provide additional resources, such as dealflow, useful connections or other contributions that will promote the success of the CCMF Pilot Project. Specifically, the Vetting Committee were selected based on a belief that they have the ability and experience to judge the applications to identify the project applications with the highest probability of success.
Five-Member Team
- Mr. Robert McTamaney, Managing Director, Goldman Sachs (Asia).
- Mr. Edmon Chung, Chief Executive Officer, DotAsia Organisation;
- Mr. Aaron Farr, Board Member, Apache Software Foundation;
- Mr. John Lo, Partner, King & Wood; and
- KO Chia, Cyberport Representative and a member of Cyberport’s Board of Directors
4.0 Timeline
5.0 Vetting Criteria
- Management Team (20%)
- Prior track record, execution ability, good probability of launch to market, and individual qualifications
- Revenue Model (20%)
- The commercial potential, feasibility, and assessment of market potential
- Business Model and Time to Market (30%)
- Communication and quality of vision, direction, short and long term objectives, market need for product, target market and marketing strategy, and realistic assessment of the project viability will be considered. In addition, a product launch of three months from grant disbursement will be encouraged.
- Technological innovation (10%)
- Use of innovative technologies, creative solutions, disruptive technology capability, emerging, or breakthrough technologies
- Social Responsibility (20%)
- Preference will be given to projects that incorporate social responsibility objectives as a project focus (including contribution to open source, Creative Commons and other “progressive” technologies with a social focus), exercise ethical decision making, or contribute toward solving a problem originating from the social environment.
6.0 CCMF Eligibility Requirements
- Applicants can apply as individuals or companies recommended or endorsed by the Hong Kong Startup Association (“HKSUA”). The graduates and incubatees of IncuTrain Centre are automatically eligible to apply.
- For individual applicants, they can be from any nationality; overseas applicants not in possession of a Hong Kong Permanent Identity Card must have a company registered as a legal entity and incorporated in Hong Kong. University students are eligible as long as they are over 18 and meet the other eligibility requirements.
- For company applicants, the company must be registered as a legal entity and incorporated in Hong Kong.
- Projects must be rooted in the digital entertainment, digital media and creative lifestyle sectors. Application must demonstrate to the vetting committee a reasonably good probability of success for their plans with regard to the technology, creative and innovative ideas, social impact and business model underlying their project.
- All applicants must have, or be willing to open a bank account with a recognized Hong Kong based lender for receipt of the funds and such account must be under the name of the incorporated company.
- Project related expense items should not overlap with the Government and/or ITC’s funded items if any.
- All entries must be a startup that has received less than HK$500,000 in funding from outside sources during the past 18 months. Grants earmarked for research expenditures do not count toward the HK$500,000 limit. Additionally, each team must pledge that they have not exceeded the HK$500,000 limit at the time their application is complete and submitted. A startup can be a group of people who have formed a team to enter the contest. However, a legal entity (in accordance with the Companies Ordinance) must be created prior to receiving the CCMF Pilot Project grant and any such legal entity must have an ownership structure typical of an independent startup (at the discretion of the Vetting Committee).
- The team should have at least one full time founder as a Director of such company.
- All applicants will be required to sign and adhere to CCMF’s terms and conditions and be subject to the laws of the Hong Kong SAR.
If interested and you would like to know more about the eligibility requirements, please email info@hksua.com.hk with “CCMF” in the subject title with your contact information and we will send you more information once the project officially launches. Alternatively, you can send us a message on our Facebook Group “Hong Kong Startup Association” or our Google Group of the same name….
Or attend our session at Barcamp this Saturday, September 12th!
Dear HKSUA Members,
Thanks to everyone who registered to attend the captioned event on Saturday July 18th. As we have reached capacity, registration is now closed. We shall separately be contacting all registrants to provide them with transport details. Thank you and look forward to meeting everyone at the event.
Regards,
HKSUA
Dear HKSUA Members,
A reminder of our upcoming free of charge event to be held at Cyberport on Saturday July 18th.
Spaces are filling up fast and we encourage anyone interested to attend to register at their earliest convenience as registration will close on Thursday July 16th. A free return shuttle bus from Admiralty to the venue as well as light refreshments will be served during the break. Transport arrangements will be sent to registrants separately. Details as follows:
Where: Training Rooms 1-3, Cyberport
Time: Saturday July 18th, 1pm to 4pm
Guest Speakers:
Mark Parsons (Counsel at Freshfields Bruckhaus Deringer LLP) on intellectual property and legal issues for startups.
Dr. Waishun Lo (Professor at CUHK EMBA course) on ICT startup entrepreneurship.
John Lo (Partner at Hong Kong law firm King & Wood) on setting up operations in China and on angel investment and fundraising.
Registration: The workshop is limited to 50 people, first-come, first-serve, and only a few space are remaining. To secure your seat, please send an email to info@hksua.com.hk with your name, email address and company name.
For more information, please visit
http://www.hksua.com.hk or email us.
Dear HKSUA Members,
Thank you for your interest in the startup school event that was scheduled to take place on July 18th.
Unfortunately, as most of you are aware, the swine flu epidemic has not subsided in Hong Kong and has resulted in local school closures. Given the sensitivity of holding large public events in this current environment, the Association has decided to move the startup school to Q4 2009.
In its place, we will be holding a free expanded workshop on July 18th at Cyberport entitled “IP & Cash: Two cornerstones Of Every Startup”.
The guest speakers will be Mark Parsons, Counsel at Freshfields Bruckhaus Deringer LLP, who will share important practical guidance on intellectual property for startup entrepreneurs, Dr, Waishun Lo of CUHK’s EMBA course on entrepreneurship, and John Lo, Partner at Hong Kong law firm Arculli Fong & Ng and author of a recently published book on angel financing, who will share his views on raising capital.
Maximum capacity for this event is 50 on a first come first served basis. Admission is free of charge.
Transport will be provided to and from Admiralty to Cyberport and light refreshments will be served.
The expanded workshop will begin at 1pm and end at 4pm. The venue is Cyberport Training Room 1-3. For a map and directions, please visit http://www.cyberport.com.hk/misc/cyberportmap/gis_index.htm.
We apologize for any inconvenience caused with this new arrangement but we trust that the new event will provide equal value to our members and a good networking opportunity for participants.
Please register for this new event by either emailing your name, contact email address and company details to info@hksua.com.hk or by registering on our event specific website at http://hkstartups.ning.com
We will notify registrants of transport arrangements in due course. Thank you and look forward to seeing you at the event.
Regards,
HKSUA
Thank you to those who have registered for our forthcoming workshop on Tuesday June 16th at Servcorp’s office in Central. Registration is now closed. Those successfully registered shall be contacted shortly to confirm.
Look forward to seeing you at the event.
Regards,
HKSUA
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