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Brinc today (April 28) announced the launch of the Brinc IoT Hub at PMQ in Central along with its IoT (Internet of Things) accelerator programme to support startups and help Hong Kong develop into a world-leading IoT hub.
According to the CEO of Brinc, Mr Manav Gupta, the Brinc IoT Hub offers IoT startups a platform to "take them rapidly from ideation to commercialisation". Mr Gupta said that the project aligns with the Hong Kong Special Administrative Region Government's commitment to create an attractive platform in Hong Kong for local and overseas-based IoT startups.
The Brinc IoT Hub is outfitted with space not only for startups but also seminars, events and workshops, and provides members with access to world-class manufacturing supply chains as well as support to set up regional R&D centres locally.
Officiating at the opening ceremony of the Brinc IoT Hub, the Secretary for Commerce and Economic Development, Mr Gregory So, said the Government is firmly committed to supporting the development of the IoT in Hong Kong and transforming the city into a centre of excellence. Hong Kong has the unique capability to integrate design, software and hardware and turn ideas into commercially viable IoT products, he said, adding that he hopes Brinc's IoT accelerator will help attract leading technology innovators to Hong Kong.
The Director-General of Investment Promotion, Mr Simon Galpin, said," I believe that Hong Kong has all the technology infrastructure to support IoT development and the city's proximity to the manufacturing base in the southern Mainland hinterland offers an environment exactly right for an IoT accelerator like Brinc to thrive."
Gupta added," Brinc is enormously proud to plant a flag in Hong Kong as our headquarters. With its strategic proximity to the Pearl River Delta, Hong Kong has all the elements that IoT startups need to thrive, taking advantage of the already dynamic and growing local technology community, the city's rule of law, intellectual property protection, ease of business setup, low-tax regime, rich heritage in manufacturing and access to engineering resources."
The Brinc IoT accelerator programme is on its second batch, supporting seven teams from all over the world. Each batch lasts approximately 20-24 weeks with access to a mixture of cash, business consultative services plus a hands-on team at Brinc and a unique ecosystem of partners in production, sourcing, logistics and distribution to ensure on-time delivery of orders for customers. The comprehensive package is aimed at providing a competitive advantage for any IoT startup looking to successfully launch its business, manufacture to scale and distribute globally. Brinc will begin accepting applications for a third batch soon and plans to take up to 10 additional startups in 2015.
About Brinc
Brinc was established in 2014 to accelerate connected technology hardware product startups from the ideation stage through business development, consumer validation, manufacturing support and distribution. Based in Hong Kong with offices in Shenzhen and Guangzhou, Brinc empowers the IoT entrepreneur through acceleration, a service back-end and an investment fund. For more information on the Brinc application process or the Brinc IoT Hub at PMQ, please visit www.brinc.io
About InvestHK
InvestHK is the department of the Hong Kong Special Administrative Region Government established in July 2000 to attract foreign direct investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. As of December 2014, InvestHK had completed over 3,440 investment projects creating more than 37,500 new jobs in the first year of operation or expansion and over HK$91 billion of investment. For more information, please visit www.investhk.gov.hk.
Ends/Tuesday, April 28, 2015
Issued at HKT 20:32
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