“2024 Cyberport Venture Capital Forum” Constructs a New Vision of Venture Capital

Hong Kong, October 25, 2024Japan – Cyberport’s annual venture capital event “2024 Cyberport Venture Capital Forum” (forum), ended successfully today.The two-day forum is themed “Innovation Challenger: Building a New Vision of Venture Capital”, bringing together many international venture capital experts, industry leaders, investors and Cyberport community startup representatives.The forum, along with the focus event “Web3.0 Innovation Expo”, startup workshops and startup clinics, attracted more than 2,600 people to participate and the total number of online views reached 150,000, all of which broke the record in history.One-on-one meetings were arranged for investors and start-ups on-site, and the response was enthusiastic, leading to more than 350 financing matches.

Immediately after a few industry experts shared their insights on the field of innovation and entrepreneurship on the first day of the forum, a “Startup Workshop” was held on the second day of the event.SoGalSun Yiqing, venture capital management partnerandAlumni VenturesExecutive PartnerRon LevinTeach startups unique insights and practical experience, discuss the practical problems encountered in raising funds in challenging markets and how to overcome various obstacles in mature and emerging industries, analyze the new perspectives of venture capital, and assist startups in resolving what they encounter when entrepreneurship financingDifficulties and challenges to come.

During the forum, there is also a “Investor Matching” session, which matches suitable targets based on the technology scope and investment preferences of both investors and start-ups to promote corporate Matching.In addition, the venue also has about 40 innovative technology displays and more than 100 virtual innovative technology displays, allowing start-ups to display products, services and exchange products to investors and industries from all over the world.

The forum focused on a number of Web3.0 focus activities the next day, bringing together local and global industry experts, corporate representatives, investors, Cyberport Web3.0 community members, and representatives of the major blockchain ecosystem to communicate with each other and share valuable insights.Including in-depth understanding of how Web3.0 reshapes the industrial landscape, drives innovation and creates new opportunities, and at the same time learns how to use these technologies to maintain a competitive advantage in a rapidly changing market.

Chen Haolian, Deputy Director of Financial Affairs and Treasury Bureau (Treasury Bureau)In his speech, he said: “Hong Kong ranks third in the Global Financial Center Index and top in Asia. Many financial institutions choose to set up regional headquarters or the largest regional business in Hong Kong, which means that Web3 companies can easily access a large number of people here.Potential customers, investors and business partners make Hong Kong an ideal place for its entrepreneurship and expansion. “We have a clear philosophy – only by providing a transparent, certain and predictable regulatory environment can we effectively encourage financeInnovation. Last June, we introduced the virtual asset trading platform license system, marking an important milestone.

Chen Haolian added that later this year, the SAR government will legislate on the implementation of the stablecoin issuer regulatory system to build a security framework for this emerging market.In addition, the Finance and Treasury Bureau will conduct a second round of consultation on the regulation of over-the-counter transactions of virtual assets and propose a proposed licensing system for regulating virtual asset custody service providers to ensure that the safe custody of digital assets complies with international standards.

Chen Siyuan, Chief Public Mission Officer of CyberportIn a welcome speech at the “Web3.0 Innovation Expo”, he said: “Web3.0 technology is an innovation field with great potential and has attracted the attention of many investors. The Hong Kong SAR Government is committed to accelerating the development of relevant ecosystems, aiming to promote Hong Kong’s efforts to promoteDeveloped into a Web 3.0 hub. Cyberport has the largest Web 3.0 community in Hong Kong. Earlier, it also established the “Web3.0 Investment Circle” under the Cyberport Investor Network (CIN). I believe it can be a Cyberport community in the futurePromote more Web 3.0 investment pairing and explore new business opportunities, leading the industry to discuss in depth and discover innovative technologies, thereby enhancing the influence of Hong Kong startups.”

Zhu Meien, Chief Corporate Development Officer of CyberportShare the latest development of Cyberport Web3 Base, saying: “Cyberport has been committed to inspiring innovation and promoting cooperation and exchanges in the Web3.0 field, and has made ideal progress so far. As of September this year, we have gathered more than 270 Web3.0 companies, respectively from local areas., mainland China, Europe and the United States, demonstrate the diversity and vitality of our Web3.0 community. Youjian Artificial Intelligence (AI) is becoming increasingly closely integrated in the Web3.0 field, and more and more AI technologies are being integrated into Web3.0.and in different industries. In order to grasp the general trend of AI, the SAR government previously allocated HK$3 billion to launch an artificial intelligence funding program through Cyberport, injecting impetus into local scientific research and AI research and development, promoting more scientific research breakthroughs, and working with the industry to promote Hong KongGoing towards the international innovation and technology center.”

This afternoon, it was also held at the branch venue, hosted by EmergentX, Digital Visionaries Symposium 2024: Technology Stage.There were multiple interactive sessions and special discussions at the event, with top technology experts speaking, and in-depth discussions on transformative application cases of enterprise integration and disruptive technologies such as AI and blockchain.Explore how to use these technological advances to drive enterprises forward.

Revisiting the content and speaker lineup of the 2024 Cyberport Venture Capital Forum, please visit the website

https://cvcf.cyberport.hk/tc/index

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About Cyberport

As a flagship and entrepreneurship cultivation base for digital technology in Hong Kong, Cyberport brings together more than 2,100 community enterprises, including more than 900 park-based and more than 1,200 non-campus startups and technology companies. It is wholly owned by the Hong Kong Special Administrative Region Government.Cyberport Management Co., Ltd.Cyberport’s vision is to inject new impetus into the development of the digital economy and smart city with innovative technology, and lead enterprises to connect domestic and foreign markets.Cyberport is committed to creating a vigorous innovation and science ecosystem by cultivating innovative scientific and technological talents, encouraging young people to start businesses, and supporting start-ups; promoting the development of the science and technology industry through cooperation with local, mainland and international strategic partners; and at the same time accelerating the adoption of public and private institutions.Digital technology promotes digital transformation and promotes the integration of the new economy and the traditional economy.

For details, please visit www.cyberport.hk