190 Startups Graduate, Nurturing New Momentum for Tech Innovation

November 29, 2024 – Cyberport, Hong Kong's digital technology flagship and a key incubator for entrepreneurship, today held the "Cyberport Entrepreneurship Graduation Ceremony and Info Day 2024" to celebrate the graduation of 190 startups from the Cyberport Incubation Programme (CIP) and Cyberport Creative Micro Fund (CCMF). By providing comprehensive support including entrepreneurship training, mentorship, and funding, Cyberport has empowered startups to transform innovative ideas into technology applications, taking their first step in entrepreneurship. The startups have also benefited from free office space and comprehensive entrepreneurship support, accelerating their growth. The graduation ceremony also coincided with the Cyberport Startup Alumni Association (CSAA) 2024 Annual General Meeting, providing graduates with opportunities to network with association members, and featured an Entrepreneurship Info Day to facilitate connections among startups and explore more collaboration possibilities. Additionally, the Cyberport Professional Network (CPN) Summit was held concurrently, gathering experts from various fields to provide free consultations for startups on business expansion and financing.

The "Cyberport Entrepreneurship Graduation Ceremony and Info Day 2024" was held today at Cyberport to celebrate the graduation of 190 startups from the CIP and CCMF.

Chairman of Cyberport, Mr. Chan Sai Ming, said, "Cyberport has been committed to building a vibrant innovation and technology ecosystem, with our community now exceeding 2,100 companies, including one listed company and eight unicorns that we have nurtured and supported. In the 2023/24 fiscal year, our incubation programme admitted close to 130 companies, bringing the total to 1,316. These companies continue to optimize social operations and enhance market operations with innovative solutions, becoming new drivers for the development of smart cities and the digital economy. This year's graduating startups have also demonstrated outstanding performance, covering fields such as artificial intelligence, financial technology, Web3.0, and smart living. Their projects have not only been recognized by the industry but have also attracted investors and expanded their businesses globally. We are encouraged by this. Cyberport will continue to fully support startups in realizing their entrepreneurial dreams and nurturing new momentum for technology in Hong Kong."

This year, 190 startups graduated, adding vitality to Cyberport's innovation and technology community. In financial technology, graduates include FCC Analytics, which won the 2024 Hong Kong Information and Communications Technology Awards Gold and Best AI Application Award and focuses on anti-money laundering compliance solutions; Moonfare Asia, an investment platform for top private equity funds; Diginex Solutions, which uses blockchain technology to address ESG, climate, and sustainability issues; and EmergentX, which provides simplified digital asset technology. In artificial intelligence, there are Votee AI, which specializes in developing a Cantonese language large model, and SPEEQO, which develops AI tools for child emotion analysis. Furthermore, Cyberport's largest smart living and smart city community covers various aspects of daily life, including clothing, food, housing, and transportation. Graduating startups in this category include Avalon SteriTech, which won the Singapore Business Review Technology Excellence Award (Robotics) for its robotic cleaning, disinfection, and sterilization technology; Papabo, an innovative platform for home property maintenance and improvement projects; Make the Dot, which develops fashion design software; and Kicks-crew, a leading e-commerce platform for sneakers and apparel. In digital entertainment, graduates include Digital Art Fair Asia, which provides top-tier digital art events, and TELEPORT Immersive, an immersive technology company that combines innovation, science, and creativity.

To date, Cyberport startups have raised over HK$41.2 billion in funding, received over 1,600 industry awards, obtained over 500 intellectual property rights, and been selected for over 270 accelerators worldwide. Cyberport continues to expand its domestic and international connections as a "super connector" and "super value adder," enabling local startups to seize development opportunities in both domestic and overseas markets. So far, it has supported over 300 incubated companies to expand into about 35 overseas markets in the mainland and overseas, while bringing together startup founders from 25 regions and countries in the mainland and overseas.

Looking ahead, Cyberport will continue to nurture innovative talent and startups, improve the innovation and technology ecosystem to support technological innovation and entrepreneurship, expand the talent pool for innovation and technology, and drive the digital transformation and smart upgrading of society and enterprises with innovative momentum. It aims to build a smart Hong Kong, develop the digital economy, and enhance Hong Kong's status as an international innovation and technology center.

About Cyberport

Cyberport, Hong Kong's digital technology flagship and entrepreneurship incubation base, hosts over 2,100 community enterprises, including over 900 on-site and over 1,200 off-site startups and technology companies. It is managed by Hong Kong Cyberport Management Limited, wholly owned by the Government of the Hong Kong Special Administrative Region. Cyberport's vision is to inject new momentum into the development of the digital economy and smart cities through innovative technology, leading enterprises to connect with domestic and overseas markets. By nurturing innovative technology talent, encouraging young people to start businesses, and supporting startups, Cyberport is committed to creating a vibrant innovation and technology ecosystem. It promotes the development of the technology industry through cooperation with local, mainland, and international strategic partners while accelerating the adoption of digital technology for digital transformation by public and private organizations, driving the integration of the new economy with the traditional economy.