StartmeupHK, a government initiative with the aim of encouraging startups in Hong Kong, finished accepting submissions for its 2014 StartmeupHK Venture Programme on July 31. The competition received 550 entries from entrepreneurs from 47 different countries, a 40 percent increase in entries from the previous year, reports Forbes.
After a preliminary round of judging, 12 winners will win return flights to Hong Kong and five nights’ of accommodations so they can attend the StartmeupHK Week in November. During that week, they’ll get to pitch to investors, attend briefings and get mentores to prep them to become the next Facebook, Twitter, Uber…or whatever.
When Tim Draper, a famous venture capitalist, was asked by Forbes what Hong Kong could do to encourage more entrepreneurship, he said: “Have more contests like this one!”
Photo: Startmeup.hk
