The annual Cyberport Venture Capital Forum 2024 concluded successfully in Hong Kong SAR, China, attracting a record-breaking number of participants and online visits. Themed “Innovation Challenger: Building New Venture Visions,” the two-day forum brought together international venture capital experts, investors, and representatives from the Cyberport start-up community.
With over 2,600 participants and 150,000 page views, both of which are record-breaking figures, the event showcased the growing interest in the venture capital landscape. The forum facilitated over 350 one-on-one matching meetings between investors and start-ups, providing a platform for fruitful business connections.
The second day of the forum featured a “Start-up Workshop” moderated by Pocket Sun, Managing Partner of SoGal Ventures, and Ron Levin, Managing Partner of Alumni Ventures. The workshop delved into practical issues faced by start-ups in raising funds and discussed strategies for overcoming obstacles in both mature and emerging industries. The insights shared aimed to assist start-ups in navigating the challenges of fundraising.
The forum also included an “Investor Matching” session, where investors and start-ups were aligned based on their technology fields and investment preferences. Additionally, numerous Innovator Showcases provided start-ups with the opportunity to present their technologies to investors and industry leaders from around the world.
The second day of the forum focused on key activities in Web3.0, bringing together local and global industry experts, corporate representatives, investors, and members of the Cyberport Web3.0 community. The discussions centered around how Web3.0 has been reshaping industry landscapes, driving innovation, and creating new opportunities. Participants explored ways to leverage these technologies to maintain a competitive edge in a rapidly changing market.
Joseph Chan, JP, Under Secretary for Financial Services and the Treasury, highlighted Hong Kong’s position as a global financial center and an ideal place for Web3.0 companies to start and scale up. He emphasized the government’s commitment to providing a transparent and predictable regulatory environment to encourage financial innovation.
Eric Chan, Chief Public Mission Officer of Cyberport, expressed the government’s dedication to accelerating the development of the Web3.0 ecosystem. Cyberport recently established the “Web3.0 Investment Circle” (W3IC) under the Cyberport Investors Network (CIN) to facilitate more Web3.0 investment matching and explore new business opportunities for the Cyberport community.
Georgina Chu, Chief Corporate Development Officer of Cyberport, highlighted the progress made in fostering innovation and collaboration in the Web3.0 field. Cyberport has attracted over 270 Web3.0 companies from various regions, demonstrating the vibrancy of the community. The government’s allocation of HK$3 billion to Cyberport for the AI Subsidy Scheme further supports the goal of advancing Hong Kong’s position as an international I&T hub.
The forum also featured the Digital Visionaries Symposium 2024: Tech Stage, hosted by EmergentX. The event explored the integration and transformative applications of disruptive technologies such as AI and blockchain, providing insights into driving corporate growth.