InvestHK Unveils Fintech Global Fast Track Programmeby Fintech News Hong Kong August 11, 2020
InvestHK has unveiled the Global Fast Track Programme, a business-driven programme within Hong Kong Fintech Week, to help local and global fintech enterprises leverage Hong Kong’s fintech opportunities to scale business and accelerate innovation.
The Fast Track programme plugs fintech enterprises directly into Hong Kong’s diverse ecosystem of regulators, business leaders, corporates and investors to propel their ventures across Hong Kong and in the Greater Bay Area as well as Asia.
“The strength of the Fast Track programme is proof of Hong Kong’s resilient, diverse and growing fintech ecosystem, which provides fintech enterprises with the ideal test ground and launchpad for growth in the post-COVID era,”
Associate Director-General of InvestHK Mr Charles Ng said.
Participants will have the opportunity to pitch for up to US$1 million investment commitment per project upon further due diligence and exclusive business discussions.
The programme invites companies from 9 key fintech verticals – trade finance, capital markets, retail banking, commercial banking, insurance, regtech, wealthtech, payments and enterprise resource planning to submit applications from now till August 31.
About 10 companies per vertical with the most outstanding ideas will showcase their solutions for an opportunity to join a tailored B2B matchmaking programme with the Corporate Champions and investors to explore further deals and investment partnerships.
Over 10 selected finalists will then pitch virtually at the FintechHK Global Final for extra prizes to be held from the 2nd to 6th November.
Selected fintech ventures will pitch their innovative solutions to the Hong Kong Monetary Authority, Hong Kong Exchanges and Clearing, AMTD Group, Allianz Global Investors, Mizuho Bank, Hong Kong Trade Finance Platform Company and Microsoft among others.
Mr King Leung, Head of Fintech at InvestHK commented,
“In addition to potential deals and investment, each eligible company can also apply for Hong Kong Special Administrative Region Government landing support from US$111,000 up to US$2.6 million, regardless of the pitching outcome. InvestHK assists worldwide fintech companies to fast-track their next success from Hong Kong.”
Featured image credit: Screengrab from Youtube