Venture in Focus

Cyberport Venture Capital Forum (CVCF), the region’s global tech venture event, presents “Venture in Focus” with the latest industry insights and fresh perspectives on smart investments & digital transformation for you to pivot in the new normal. Stay with us for more insider viewpoints to come!

CVCF 2020 Key Takeaways

CVCF2020 Webinar Series: EdTech Investment: What, Why & How

Make Money and Make Impact
"Education is the most powerful weapon we can use to change the world," said Nelson Mandela. Are you ready to invest in EdTech that will make this weapon even more powerful? COVID-19 has accelerated the digital revolution in the education sector in a matter of weeks. The global EdTech market is full of investment opportunities for people and organisations that seek to make money and impact. You will learn from experts in and outside Hong Kong on the market and growth opportunities for EdTech, the investment considerations and how you can make the first move if you are a novice.

John Tsang, Esperanza:

“COVID-19 had accelerated the digital transformation of the education system. Successful implementation of the e-learning experiment would require effective collaboration among a complex network of players outside the classroom, from policy-makers and educators to EdTech providers and funders.”

Andy Ann, Golmpact Capital Partners:

“For decades or generations our education system has remained unchanged and myself as a student as an educator and as a teacher have kept using the same old tools all these years and until recently has fast-tracked the entire EdTech industry and evolving drastically in the education technology.”

Atin Batra, Twenty Seven Ventures:

“EdTech had moved from sheer sharing of learning materials online, e-tutoring to community learning nowadays… it is important to set impact/purpose driven mindset for both the start-up founder and investors in EdTech businesses.”

Joseph Fung, Saltagen Ventures:

“We believed that education could make the largest impact on society. We saw the value of technology in enabling personalized learning. The pandemic had certainly accelerated schools’ digital adoption, with significant increases in investment in both infrastructure and professional development of teachers.”

Josh Zhou, LEGO Ventures

“Hong Kong had a strong talent pool and the advantage of having a British education system that made it easier to transfer knowledge and applications to other markets. Hong Kong also possessed strong academic research capability with international scholars and researchers.”

Jennifer Poh, Sustainable Finance Initiative:

“This year has been called the year of EdTech, being the most funded sector, over 11 billion dollars was invested into EdTech globally just in the first half of 2020; 26 companies received more than 100 million dollars in funding and over 400 companies received over one million dollars in investments. Investors are able to understand EdTech better and to relate concretely to the opportunities and its applicability under this spectrum with COVID.”

Tytus Michalski, Fresco Capital:

“Investing in EdTech would take a longer time horizon as building scale took time, albeit the pandemic would possibly accelerate the growth. It is important to invest with a vision.”

Yat Siu, Outblaze:

“The pandemic made it opportune to look into new models of EdTech that were not attached to the past mode of learning. Personalized learning and user-generated contents are interesting fields to explore.”

Please click the thumbnail for the webinar playback.  

CVCF Webinar Series: Virtual Platform as the New Normal of Fundraising & Digital Asset Investment

Are you approaching an impasse for fundraising and investment during the pandemic? Virtual platforms are now in hot demand to mitigate deal sourcing challenges and broaden investment opportunities amidst in the new normal. Digital asset tokenisation and trading also open up innovative and cost-effective higher liquidity channels for investors and companies.

Eric Chan, Chief Public Mission Officer, Cyberport:

“We’re trying to look at how this tech venturing is heading amidst the COVID-19 and the trade tension, how has COVID impacted the market development and funding outlook for technology in Southeast Asia and Hong Kong start-up ecosystem?”

Karena Belin, Co-Founder, COO & CFO, AngelHub:

“We can clearly see a polarization in terms of east and west which shows a lot of opportunities because investors also understand it's not enough to only look into one market but you probably need to diversify your portfolio regionally and geographically. ”

Johnson Chen, Founder & CEO, Capbridge:

“The COVID pandemic has definitely increased the digitalization speed… all these additional fundraising tools would be probably the new norm, another trend is cross-border working together because the markets are no longer on its own and we need to partner up to enhance the ecosystem.”

Eric Chan, Chief Public Mission Officer, Cyberport:

“We’ve heard a lot of promises about new trends of assets and the promises of blockchain technology, how asset tokenisation is going and what blockchain is going to bring the new generation?”

Adrian Lai, CEO, Liquefy:

“If I want to sell my US fund today and buy an Asian fund, I need 4 days because there's settlement time. Tokenization applies here, I could run both funds registrar on the blockchain and do instant transfer and settlement, liquidity comes in with tokenization as a technology to allow instant transfer between 2 funds for an individual, I think that's the future.”

Dr. Shibin Wang, Co-founder and Chief Business Officer:

“Blockchain is now a standalone technology, in the future the technology must be combined with other technology like cloud computing and artificial intelligence to support the market, and to lower the threshold of Blockchain and security token technology for every company no matter of their size.”

Please click the thumbnail for the webinar playback.  

CVCF2020 Webinar Series: Capturing EdTech Opportunities in Greater Bay Area

EdVentures Global Business Acceleration Fellowship, a spotlight of this year’s Cyberport Venture Capital Forum (CVCF) staged a webinar for ventures interested in EdTech opportunities in the Greater Bay Area.

In a panel moderated by Cyberport’s Chief Public Mission Officer Eric Chan, leaders from enterprise, investment, legal and consultancy fields shared great insights on EdTech’s industry environment, market entry, policy, funding and global marketing platform in the Greater Bay Area. Here are the highlights:

John Tsang, Founder, Esperanza:

“We believe that we can learn from and collaborate with one another in developing effective solutions with global significance.”

Eric Chan, Chief Public Mission Officer, Cyberport:

“Many overseas companies see Hong Kong as the perfect place to land in Asia, using Hong Kong as launch pad for the China GBA region as well as the neighbouring countries in southeast Asia.”

Laura Shi, Executive Director, Investment of Greater Bay Area Development Fund Management Limited:

“It has been proved as a great strategy to have companies based in the greater bay area and to develop the Chinese market and that’s always a right move to start from Hong Kong.”

Catherine Tsang, Partner – Tax & China Business Advisory Services, PwC Hong Kong:

“Infrastructures and funding programmes supported by the government will unleash economic development in GBA area and create business opportunities for both young entrepreneurs and corporations who are looking to do business in the region. “

Ming Kwok, CEO & Founder, Trumptech Group:

“Hong Kong is a very good test bed for the EdTech industry to make sure you are in the right track developing the right product.”

Joe Lam, Managing Director, Pearson Greater China and India Hub:

“Capital and hardware manufacturers are the key benefits of GBA; innovative of the business model and the pay model are key success factor for doing business in China.”

Eunice Chiu, Partner, Disputes Resolution Group, Oldham, Li & Nie:

“Hong Kong as a city can be a good gateway into the GBA area and providing lots of legal resources.”

Please click the thumbnail for the webinar playback.  

Asia Venture Capital Forum

With the support of all participating members, ‘Asia Venture Capital Forum 2020’ (AVCF 2020), jointly organised by the Hong Kong Venture Capital and Private Equity Association with Hong Kong Cyberport and Hong Kong Science and Technology Parks, was concluded with great success! Opened to investors and entrepreneurs from around the world, the seventh edition of the Forum covered a range of topics including corporate venture capital, PropTech, logistics, international economic landscape and several panels differentiated by investor niche and geographies.

Mr Eric Chan, Chief Public Mission Officer of Cyberport, moderated the ‘Investment Outlook’ panel session during the forum. He first briefly introduced Cyberport as a one-stop platform for funding, mentorship and networks for start-ups, and outlined ‘Cyberport Investors Network’ and ‘Cyberport Macro Fund’ as our two key initiatives in terms of venture capital. Here are the highlights:

Eric Chan, Chief Public Mission Officer, Cyberport:

“Cyberport provides one-stop platform for funding, mentorship and networks to help start-ups succeed. Cyberport Investors Network raised more than 361 million dollars and successfully matched 26 partnerships since its inception in 2017.”

Cindy Chow, Executive Director, Alibaba Hong Kong Entrepreneurs Fund; Chairperson, Cyberport Investors Network (CIN) Steering Group:

“Start-ups should re-evaluate their profit metrics now. Teams are recommended to build a strong company culture and spirit for teamwork and lay a strong foundation during the crisis so they can come out even stronger.”

Duncan Chiu, Co-Founder & Managing Director, Radiant Tech Ventures:

“Sharp drop in early stage investment is projected and start-ups working on POC should focus on near-term revenue and may need to avoid long-term R&D now. Logistics and HealthTech start-ups are getting a once-in-a-lifetime opportunity.”

Ben Cheng, Managing Director, C Ventures:

“Portfolio companies are advised to preserve cash and prepare for recession.  Start-ups should achieve profitability in the shortest amount of time now. COVID-19 is a catalyst to boost the online shift where 5G and AI will form the eCommerce and social media backbone. ”

Please click the thumbnail for the webinar playback.   

CONTACT US

Tel: (852) 3166 3757

Email: event@cyberport.hk