New Global Sources Startup Launchpad Investment Competition For Startups Who Need Funding For Hardware
12th February, 2018 – Asia’s largest hardware startup trade show Startup Launchpad, returns to Hong Kong this April. The city is uniquely positioned as the world’s sourcing hub due to its proximity to the manufacturers in China and its strong startup ecosystem. Startup Launchpad facilitates trade between global renowned retailers and the hottest shelf-ready IoT, AI, smart home, robotics, 3D printing, wearables, VR/AR and other high-growth hardware startups. The platform is hosted 11th to 14th April alongside the established Global Sources Electronics show. On 12th April, for the first time ever, Startup Launchpad will host the Startup Launchpad Investment Competition, which will reward one lucky entrepreneur with USD40,000 in cash to develop, or build hardware. Global Sources Startup Launchpad and the Startup Launchpad Investment Competition aim to bring Asia to the forefront of the hardware startup ecosystem.
The Startup Launchpad Investment Competition is dedicated to entrepreneurs with innovative ideas, with a special emphasis on hardware. Startup Launchpad is calling for seed or early stage startups that are working on products or have a Minimum Viable Product (MVP) to take part in the competition. The startup needs to be less than 5 years old, as of April 11th, 2018 and have a working prototype.
Applicants must submit their written application by 28th February, with information about their business ideas, a one-minute pitching video and the final version of their pitching deck. The application fee is USD250. This includes access to the exhibition, networking events with investors and a factory tour.
All Startup Launchpad Investment Competition entrants will:
- Get free tickets for the whole event allowing them to network with investors and expert judges during Startup Investors Forum
- Be invited to join a tour of manufacturers in Southern China
- Get free entry to the Startup Launchpad Expo and conference program featuring international speakers and topics ranging from innovation to IoT and big data
- Be listed in an app downloaded by the attendees to the show
The judges include some of the most influential investors in the Asian investment community, including Partners at Vectr Ventures, SOSV and Cocoon. Startups will be judged on five criteria – business model, team, market validation, presentation and product idea.
“At Global Sources, we provide startups with the crucial knowledge and connections to become a success, not just in Asia but globally,” says Minesh Pore, Director of International Business at Global Sources and Head of Startup Launchpad. “Startup Launchpad Investment Competition will offer unprecedented exposure for startups to present their ideas for developing innovative hardware before investors. We are excited to launch this competition and anticipate a valuable event with more opportunities for startups and investors to connect, build relationships, and learn.”
Accepted pitch applicants will be notified on 15th March. The finalists will have 5 minutes to pitch and 3 minutes of Q&A at the Startup Launchpad pitch stage on 11th April. Three applicants will then be chosen to pitch at the finals at the Startup Investors Forum on 12th April to a fresh group of panel judges. Only ten finalists will be chosen to pitch in front of an investor panel on 11th April with the final three pitching to a room full of Asia’s top investors for the grand prize. Each finalist will receive a kiosk at the Startup Launchpad Exhibition worth USD25,000 which allows them to showcase their product to an audience of 35,000 retailers, 250 investors and 6,000 manufacturers.
Startup Launchpad Investment Competition will be broadcasted live on Facebook.
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China.
The core business facilitates trade between Asia and the world using English-language media such as online marketplaces (GlobalSources.com), trade shows, magazines, and apps.
More than 1.4 million international buyers, including 95 of the world’s top 100 retailers, use these services to obtain product and company information to help them source more profitably from overseas supply markets. These services also provide suppliers with integrated marketing solutions to build corporate image, generate sales leads and win orders from buyers in more than 240 countries and territories.
About Startup Launchpad
For the 6th time the tech ecosystem will meet in Hong Kong from 11th to 14th April at AsiaWorld Expo – the biggest expo centre in Hong Kong. For 4 days, thousands of buyers and retailers will gather at Asia’s largest hardware startup trade show to learn and do business. Startup Launchpad is the source for shelf-ready innovations for over 35,000 buyers from around the world. The conference will consist of exciting talks and panel discussions on topics ranging from challenges to innovation, IoT & big data, investment trends and emerging technology like blockchain, fintech, and more.
Startup Launchpad is hosted alongside with Global Sources Electronics trade show which is the largest sourcing trade show in the world, every April and October. The two shows together attract over 65,000 visitors.
Find us on:
Facebook – @LaunchpadGS
Twitter – @LaunchpadGS
Website – http://launchpadhk.com/