CYBERPORT ANNUAL REPORT 2021-2022

Unlocking Opportunities

Beyond Boundaries

Scroll down to discover the Cyberport Annual Report for April 1, 2021 - March 31, 2022

Annual Summary

Cyberport provides holistic backing to help entrepreneurs innovate and succeed. In the past year, Cyberport has made further progress in advancing the digital technology ecosystem, setting the stage for cyberport stsart-ups to shine all over the world.

entrepreneurial community

talent cultivation

Industry development

Start-ups achievements

CUPP participants (since launch)

419

Total Companies

1,800+ onsite: 800+ offsite: 900+

FinTech

398

Non-local founders of onsite companies came from

regions/countries

Smart Living

744

Digital Entertainment and Esports

151

Female entrepreneurs supported by CCMF & CIP

180+

Jobs created by CIP incubatees & alumni

1,800+

Accumulated local and overseas accelerator admission

219

Accumulated intellectual property rights

441

Accumulated industry awards

1,159

Local and overseas industry events supported by MDSS (since launch)

166

Accumulated funds raised

HK$33,903M

CMF investment projects/total amount

23/HK$168M

Non-local accelerator admissions supported by CASP & engagement events with non-local partners

40+

CCMF grantees & CIP incubatees

227

Jobs provided at Cyberport Career Fair & Youth Internships

1,700+

Physical & virtual events/ Participation

201/ 25,595

Explore here

Cyberport Start-up Community

Mr. Simon CHAN Sai-ming, BBS, JP

Mr Simon CHAN Sai-ming, BBS, JP

Professor Karen CHAN Ka-yin, JP

Professor Christopher CHAO Yu-hang

Ms Ivy CHEUNG Wing-han

Hon LAU Kwok-fan, MH JP

Mr Michael LEUNG Kin-man, MH

Professor LING Kar-kan, SBS

Ms Erica MA Yun

Mr Eddie MAK Tak-wai, JP

Mr Victor NG Chi-keung, BBS, MH

Dr Charleston SIN Chiu-shun

Mr Hendrick SIN, MH

Ms Maggie TSOI Tsz-shan

Mr Eric YEUNG Chuen-sing, JP

Ms Rosana WONG Wai-man

Retired Board Member: Dr George LAM, BBS

Retired Board Member: Hon Duncan CHIU

Retired Board Member: Ms Annie CHOI Suk-han, GBS, JP

Let's extend our gratitude to the Board of Directors for their unwavering support and guidance to enable us to better serve our start-ups, industry and wider community.

board of directors

CHAIRMAN'S STATEMENT

Simon Chan, BBS, JP

CHIEF EXECUTIVE OFFICER'S REPORT

Peter Yan, JP

Cyberport provides a comprehensive platform to foster success of entrepreneursat different stages. Scroll to see how a start-up could grow!

Start-Up Journey

CUPP

CCMF

CIP

CASP

MDSS

CMF

This FinTech focused entrepreneurship programme offers students who are nominated by CUPP university partners a unique chance to participate in Entrepreneurship Boot Camp and receive mentorship from renowned overseas universities and industry elites.

Cyberport Creative Micro Fund (CCMF) - provides entrepreneurial opportunity to realize innovative ideas and support the development of early-stage start-ups over a 6-months project period.

The Overseas/Mainland Market Development Support Scheme provides a financial subsidy for incubatees or grantees or alumni of CIP and CCMF to develop mainland and overseas market, including delegation mission, exhibition/conferences, Online/Offline Marketing and landing services.

The CMF is an investment fund which targets to co-invest with other private and public investors in Cyberport startups.

Cyberport Incubation Programme supports entrepreneurs and start-ups with resources that aim to accelerate their growth in 24 months. In addition to a range of business and professional services, incubatees are eligible to free co-working office space at Cyberport campus.

The Cyberport Accelerator Support Programme prepares Cyberport incubatees and alumni for international markets and investors through financial assistance to application for accredited accelerators.

Pre-Seed Stage

Seed Stage

Early Stage

Validation Stage

Growth Stage

Expansion Stage

Talent Cultivation

Entrepreneurship Boot Camp at world-class universities

HK$100,000

Seed Funding

HK$500,000

Financial Assistance

HK$300,000

Financial Assistance

HK$200,000

Financial Assistance

HK$400M

Total Size of Investment Fund

Cyberport expanded its engagement with business, government, industry and society to create synergy and amplify impact, bridging community companies with enterprises, fostering positive-sum developments, spurring adoption of new technologies, and integrating new and traditional economies.

public missions

CUPP

Nominated teams admitted

CPN

CPN membership of 24 start-up turnover of ~200 for engagement programmes and service clinics

CIP

130

Start-ups admitted

CCMF

Granted to start-up projects specialising in FinTech, smart living,artificial intelligence and big data and Blockchain and cybersecurity etc.

CASP

130

Eligible Accelerator Programmes

CEN

100 matching sessions attracting a start-up turnout of over 300

CPN

27 matching sessions attracting a start-up turnout of over 300

TALENT CULTIVATION AND DEVELOPMENT

Cyberport’s support funds, career opportunities and events have increased steadily.

The 7th Cyberport University Partnership Programme (CUPP)

Over 45 nominated students participated in a two-week online entrepreneurship boot camp organised by the University of Cambridge Judge Business School on FinTech, entrepreneurship, and designing innovative business solutions. Selected teams were granted HK$100,000 of funding each.

The RoboMaster Youth Tournament (Hong Kong)

A robotics competition co-organised with ASK Idea (Hong Kong) Limited, Hong Kong Computer Education Society and Da-Jiang Innovations tested the problem-solving abilities of students and boosted their team spirit. Primary and secondary school students were also eligible for the RoboMaster Youth Tournament.

The 7th Cyberport University Partnership Programme (CUPP)

The RoboMaster Youth Tournament (Hong Kong)

INDUSTRY DEVELOPMENT

Cyberport continues the endeavour towards cultivation of the industry and leads the way for the technology disruption of tomorrow.

Cultivating Innovation

In collaboration with R3, an Innovation Lab was established at Cyberport to help Hong Kong FinTech start-ups seize Central Bank Digital Currencies (CBDC) Opportunities. FinTech Proof-of-Concept Subsidy Scheme (PoC Scheme) was launched to encourage creative ideas with the potential to become innovative financial services products to be tested out with $10 million in government funding.

Approved projects

FinTech

FinTech Anti-epidemic Scheme for Talent Development were a set of salary subsidies given to FinTech companies, fostering over 1,000 applications and more than 700 new positions being filled. Cyberport invited start-ups and renowned industry figures to the Hong Kong FinTech Week, where the importance of technology used for regulation among other latest trends in FinTech, like ESG investment and open data, were thoroughly explored.

Smart Living

The Edventures Global Business Acceleration Summit saw international EdTech experts share insights on global EdTech application, bridging the digital divide chasm, and the prospects of Hong Kong becoming an education innovation hub in the GBA.

Digital Entertainment and Esports

The 3-day Digital Entertainment Leadership Forum 2021 featured a series of “Infinity Games,” tournaments, workshops and innovator showcases, bringing the audience through a journey of “Sea,” “Land,” and “Air”. The Forum also featured were a myriad of esports tournaments, including the 2022 FIFA World Motorsport Championship Esports Cup Hong Kong Representative Selection, the FiFAe Nations Cup 2022 Qualifiers, and Esports Premier League (EPL) Season 2.

To date, 7 Cyberport start-ups have been approved to each receive up to USD$200K of Google Cloud credits

Cyberport Community companies received a total of 220 awards

Cyberport Enterprise Network (CEN)

100 Business matching sessions arranged by Cyberport Enterprise Network

306 Counts of start-ups joining CEN business matching sessions

INTEGRATION OF NEW AND TRADITIONAL ECONOMIES

In the Cyberport community, we embrace the latest technologies from FinTech, Smart Living, Digital Entertainment and Esports, to Artificial Intelligence (AI), Blockchain and Cybersecurity, striving to revolutionise business practices through innovative solutions.

Cyberport Enterprise Network (CEN) 數碼港企業網絡

Leveraging Business Opportunities Under the New Normal

Speakers of the Cyberport Community Connect webinar shared insights on how corporates utilised technology during the pandemic to adapt to the changing market and create new business opportunities for the GBA.

Strengthening I&T Industry Connections

There were industry exchanges on topics including smart building and smart property management, through collaboration with the Hong Kong Software Industry Association, Chinachem Group, and Cyberport community companies including Autodesk, Sinoni and Negawatt Utility through thematic webinars under “Cyberport Community Connect”.

Enhancing public-private partnership

Cyberport has organised an array of events for our start-ups, tech companies and Government departments in 2021/22 in support of the Government’s development on Smart City Blueprint for Hong Kong 2.0 and the “iAM Smart” one-stop personalised digital services platform. More than 30 projects from over 20 Cyberport start-ups have been awarded subsidies totalling around HK$15 million under the “Subsidy Scheme for Encouraging Early Development of 5G.”

Strengthening I&T Industry Connections

Total investment amount US$5.3m

Total amount from co-investment funds US$74.7m

Number of projects co-invested in by CMF 5 projects

Cyberport Macro Fund (CMF)

MARKET OUTREACH AND INVESTMENT

To continue serving our community start-ups, Cyberport amplified efforts in the Cyberport Macro Fund (CMF) and Cyberport Investors Network (CIN) to connect venture capital to innovative solutions that speak for the digital future.

Cyberport Macro Fund (CMF) 數碼港投資創業基金

Cyberport Venture Capital Forum

An Innovator Showcase and an exclusive Investor Matching platform were facilitated in the annual Cyberport Venture Capital Forum. 100 renowned speakers shared their insights on the latest fundraising strategies, market dynamics, and value creation.

Cyberport Venture Capital Forum

The 6th Belt and Road Summit

Thought leaders and industry experts across the GBA were gathered to share their insights in the breakout forum themed “Embracing Digital Technology in the GBA for the Post-pandemic Era.” Topics themed “Empowering Smart City Transformation Across GBA in the Post-pandemic Era” and “How Digital Technologies are Enabling Innovation for the New Normal” were also discussed in the summit.

Scaling Hong Kong to the Nordics

A series of seminars and activities were co-organised by Cyberport and the Finnish Chamber of Commerce in Hong Kong, and sponsored by CreateHK, to learn about the latest Nordic market information and connect Finnish and Swedish investors and players with the digital entertainment and game development companies in Hong Kong.

The 6th Belt and Road Summit

Scaling Hong Kong to the Nordics

A series of seminars and activities were co-organised by the Finnish Chamber of Commerce in Hong Kong and Cyberport, and sponsored by CreateHK, to learn about the latest Nordic market information and connect Finnish and Swedish investors and players with the digital entertainment and game development companies in Hong Kong.

Environmental, Social and Governance

Cyberport considers climate change to be a crucial topic and has carried out decarbonisation initiatives to reduce our environmental impact. We will continue to work towards a more sustainable future by taking appropriate actions in becoming a more environmental and social-conscious enterprise.

Co-building for a Sustainable Community

。Cyberport co-hosted “Journey to Zero Carbon with Technologies” to inspire attendees with insights on how to apply technologies effectively to reduce carbon emissions 。At 15th Asian Financial Forum “Shaping a Sustainable Financial Ecosystem: How to Integrate ESG Factors with FinTech” provides a platform for sharing how the industry is promoting global ESG and sustainable development 。Cyberport FinTech for ESG Conference 2021 allows businesses to explore how to enhance efficiency when implementing ESG measures

Energy Savings and Renewable Energy

We will expand our use of renewable energy by installing more solar power systems at Cyberport 3 and Cyberport 4A with a target of 80,000kWh annual electricity generation, reducing over 57,000kg of carbon dioxide emissions.

635,585

kWh

Saving

451,265

Saving

carbon dioxide emissions

MWh

Saving

electricity annually

19,620

Planted

trees

Saving

635,585 kwh

Saving

451,265 kg

carbon dioxide emissions

Planted

19,620

trees

Saving

55 MWh

electricity annually

Recycling

On our campus, the ‘Big Belly’ recycling bins are solar powered, installed with an intelligent sensor and compressor that compacts recycled content when they are full and sends notifications to cleaning staff for collection.

EVs and Smart Parking System

Cyberport incubatees, oneCHARGE Solutions and LHC New Energy Company, applied an EV charger system at carpark areas to boost convenience for EV owners and encourage a cleaner alternative to travel. The Smart Car Park System improvement project helps enhance management efficiency by enabling contactless parking and use of e-payment, as well as providing real-time information on the availability of parking spaces via an application.

Le Méridien’s Sustainability Components

We have actively incorporated following sustainability components at our newly renovated hotel: 。Smart room control technology for guest comfort and energy savings including passive infrared and motion sensors 。Sustainable food sourcing by the restaurants including seafood suppliers with WWF certification and the smart hydroponics farm run by Cyberport company, FarmacyHK

Sustainable features in our expansion efforts include: 。Designated part of the low zone floor spaces as greenery open spaces, sunset observation decks and naturally ventilated wind corridors 。Revitalisation of the existing waterfront park landscaping features and smart facilities 。Modular Integrated Construction (MiC) Technology implemented 。Observes BEAM Plus certification criteria and aim for at least 30% of construction waste to be recycled during the construction processes

Cyberport Expansion Projects

Corporate Governance

Cyberport believes that good corporate governance is essential to accomplishing our public missions, meeting stakeholders’ expectations, and attaining sustainable growth. We are committed to upholding high standards of corporate governance and have adopted accountability, transparency, fairness, ethics and integrity as the cornerstones of our framework.

We are committed to upholding high standards of corporate governance and have adopted accountability, transparency, fairness, ethics and integrity as the cornerstones of our framework.

Looking Forward

Despite the pandemic and the challenges of uncertain times, Cyberport has not faltered in its engagement with the local and global community.

Engagement is essential to effectively supporting our start-up community and we look forward to continuing active dialogue with our stakeholders and fostering effective collaborations in the GBA and beyond.

Looking forward, the Cyberport 5 expansion project will become home to a growing addition of new and innovative start-ups. We will continue to advance efforts in talent cultivation, industry development, integration of new and traditional economies, and market outreach as Hong Kong’s digital technology hub.

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