PwC and HKSTP announce joint fundraising accelerator

PwC Hong Kong and Hong Kong Science and Technology Parks Corporation (HKSTP) have announced the launch of Tech Raiser, a two-year fundraising programme that aims to build star companies, expand the investor community and attract quality technology companies to Hong Kong. Its long term goal is to foster a robust innovation & technology ecosystem for Hong Kong to stay competitive in the new economy.

HKSTP’s first fundraising acceleration programme to collaborate with an international accounting firm, Tech Raiser will pool resources and networks with PwC. Participating companies will attend the PwC Startups Accelerator Programme in Mainland China and Hong Kong, providing intensive acceleration and fundraising training and market insights. Tech Raiser also offers access to networking opportunities with Hong Kong’s young entrepreneurs as well as face-to-face investment matching opportunities with PwC and HKSTP’s wide network of investors and enterprises. Investment managers from PwC and HKSTP will offer mentoring throughout the programme.

Albert Wong, CEO of HKSTP, said: “Giving startups and technology companies the right support at the right moment is crucial for their continued growth, be it R&D, business guidance and planning, go-to-market strategies or funding. We are pleased to have PwC step forward to be another key partner and stakeholder within Hong Kong’s strengthening I&T ecosystem. Beyond just fundraising and providing a pipeline of high-quality deal flows, they contribute further to our ecosystem that our start-ups can benefit from – strong international networks, business expertise and financial know how. Together, we hope to see our high-potential companies and start-ups gain the most that the Tech Raiser programme can provide.”

Tech Raiser presents a mutually beneficial solution for technology companies in need of funding, and traditional industries seeking to tap into I&T. Startups and SMEs will be able to obtain additional funding support for business development, while traditional industry players will have opportunities to invest in the latest technologies or to adopt innovative solutions.

Running from August 2019 through to July 2021, Tech Raiser comprises three intakes with different industry focuses to provide all-round fundraising training and support for at least 30 companies. The six industries covered in the programme include: Financial Services; Entertainment, Lifestyle & Education; Real Estate & Infrastructure; Advanced Manufacturing & Environmental Sustainability; Automobile, Transportation & Logistics; and Healthcare.

More information about HKSTP is available at www.hkstp.org.