July 27, 2019
MIT Hong Kong Innovation Node
By Jasmine Alberts
In a push to reinvent education in Hong Kong, former HKSAR Financial Secretary John Tsang founded Esperanza, launching the Reimagine Education Challenge as a first initiative. The overall aim is to provide startups focusing on education solutions–be it a product, service, or other learning experience–with networking and funding opportunities to further the mission.
At the first-ever ‘Pitch and Learn Day,’ 56 carefully selected startups pitched to a panel of 19 judges, including Founder Institute HK Director Leo Ku, CoCoon Co-founder Theodore Ma, Outblaze COO Lobson Chan, and PwC Director Albert Wong. The winners this year are:
- Startup Track: Tecky Academy (digital skills education) and MagiCube (STEM education)
- Social Enterprise Track: Design for Hong Kong (creative education for dyslexic students) and Boundless (mentorship program for high potential secondary school students from underprivileged backgrounds)
“There is an urgent need for us to reflect [on] the purpose and meaning of education,” said Tsang. Tsang believes improvements in the education system is the way forward for the city. ‘Esperanza’ meaning ‘hope’ in Spanish. –JA