HONG KONG, CHINA - Media OutReach - 14 June 2019 - Deloitte today announces the launch and start of applications for its second Hong Kong Technology Fast 20 (TF20) and Rising Star programs, which identify fast-growing companies with high business potential and provide a platform for them to share their success stories, with a focus on seizing new opportunities in the Greater Bay Area.
year, Deloitte is pleased to join forces with Strategic Partners Hong Kong
Cyberport (Cyberport) and Hong Kong Science and Technology Parks Corporation
(HKSTP), and Diamond Sponsors Prizm Group and Spark Ventures. Other supporting
organizations include Alibaba Entrepreneurs Fund, Beyond Ventures, Hong Kong
Exchanges & Clearing (HKEX) and Radiant Tech Ventures Ltd.
Hong Kong TF20 Program Leader, Markets & Global Network Partner Philip Law says, "Fast-growing
technology companies are new drivers of Hong Kong's transformation hub under
the Greater Bay Area development blueprint. To support these companies, we have
made TF20 as a platform to promote their market eminence, meet successful
counterparts and connect with investors."
"TF20 is a globally recognized
program because companies are judged by using Deloitte's stringent evaluation
methodology, which is based on criteria including revenue growth rather than
intangible business concepts or ideas. Many of our previous winners have become
leaders in their industries, backed by solid business models, proprietary
technologies and shrewd management."
Winners of the Hong Kong
TF20 will be eligible to participate in the Deloitte China TF50, a program
widely recognized as "the Oscars for high technology companies". Its
notable winners include Tencent, Baidu and Alibaba. With its genesis in Silicon
Valley in 1995, the Deloitte Technology Fast 50 program has since been
replicated in many countries and territories, becoming the yardstick for fast
growing technology companies worldwide.
of Cyberport Dr. George Lam adds, "We are delighted to become
the strategic partner of Deloitte Hong Kong TF20 and Rising Star programs again
after similar collaborative efforts in 2017. The Cyberport community achieved
fruitful results in the previous program. Our incubatees KLOOK, TNG and Orii
were named Rising Star 2017 while GOGOVAN ranked top 3 in Hong Kong TF 20. I
would encourage Cyberport digital tech start-ups to actively participate in
this year's program and I hope to see them achieving good performance again and
through Deloitte's platform better seizing the opportunities arising from the
Greater Bay Area development."
of Hong Kong Science and Technology Parks Corporation Dr. Sunny Chai says, "We are delighted to
be the strategic partner of Deloitte Hong Kong Tech Fast 20 for the second time
and look forward to supporting promising tech companies emerging from this program.
We have seen Science Park companies making big strides since winning at TF20.
The 2017 Deloitte Hong Kong Tech Fast winner, SenseTime is now the world's most
valuable AI unicorn; and GRST Holdings and Sanomics, which were Deloitte Hong Kong
Rising Stars of 2017, have respectively won this years' the Grand Prix of the
International Exhibition of Inventions of Geneva and become the first Hong Kong
biotech startup to open a Bangkok offshoot as a gateway into the ASEAN markets.
Through our collaboration with Deloitte, we will further extend our efforts in
supporting incubatees and partner companies to thrive and building a vibrant
innovation and technology ecosystem together."
of Prizm Group Jeff Hau, says, "Prizm is excited to sponsor
the Deloitte Hong Kong TF20 program, working together to support tech start-ups
in the region. In the tech arena, reacting quickly to market needs is essential
for success, but being passionate and adhering to your company's goals are just
as important. Prizm shares this belief because we have come a long way
ourselves. Being curious and constantly learning is another aspect of staying
competitive in tech. These programs are a great platform to learn from industry
experts and past winners. We look forward to exchanging ideas with rising
start-ups and accelerating development of the tech ecosystem in Hong Kong."
of Spark Ventures Vincent Law says, "It's been great to see
Deloitte step up its support for startups in the last few years. As a Hong Kong-based
venture capital fund, Spark Ventures is also a strong supporter of Hong Kong
startups, and we are delighted to sponsor the Deloitte Technology Fast 20
Program (TF20) and Rising Star Program in Hong Kong. Hong Kong has a
multitude of top-quality startups. The TF20 program recognizes and profiles
these fast-growing companies with viable business models and encourages the
development of the most innovative and promising industries in Hong Kong. We
look forward to supporting the startups and helping Hong Kong innovators turn
their ideas and visions into successful companies."
The Hong Kong TF20 Program welcomes
applications from fast growing companies and technology firms in China, Hong
Kong and Macau with at least three years of business operations and operating
revenue of at least HKD 1,200,000 during the 2016 fiscal year. With a shorter
business history, companies can join the Deloitte Hong Kong Rising Star Program
by providing a written description of their background, management team, core
competencies, business model, products, technologies, industries and market
details about the Hong Kong TF 20 Program and Hong Kong Rising Star Program and
how to enroll, visit here. The
deadlines for enrolment is 15 August 2019.