The Forum's Inauguration Celebrates 6th Anniversary of Cyberport Investors Network (CIN), Standing as a Network of Over170 Members Facilitated an Accumulated Investment of over HK$ 2 billion (US$ 255 Million)

During the event, Professor Sun Dong, Secretary for Innovation, Technology and Industry of the HKSAR Government, delivered the opening remarks; while Simon Chan, Chairman of Cyberport, presented the welcoming address and Hendrick Sin, Chairperson of Cyberport Investors Network (CIN) Steering Group and Cyberport Macro Fund (CMF) Investment Committee; Co-Founder & Vice Chairmanof CMGE Technology Group Limited, reflected on the impressive journey and successes of CIN in commemoration of its 6th anniversary. Co-hosting the opening ceremony alongside the three speakers is Peter Yan, CEO of Cyberport. Their presence marked the official commencement of this highly anticipated global gathering.Professor Sun Dong, Secretary for Innovation, Technology and Industry of the HKSAR Government, said in his remarks, "Cyberport has all along been a powerhouse in our vibrant I&T community. A few weeks ago, we were honoured to receive the delegation of Chinese Ministry of Science and Technology awarding Cyberport as the 'State-level Scientific and Technological Incubator' since 2020. This is a recognition of Cyberport's steering efforts and remarkable achievements in providing incubation and support services to the Hong Kong start-up enterprises. I&T development, start-up incubation, financing, and long-term growth must come as one to make the whole entrepreneurship ecosystem work. Let us all take forward strides and venture into a new exciting chapter of the digitalised world." "As we 'venture forward', innovation is the key to 'change the game', said Simon Chan, Chairman of Cyberport, "The Policy Address, announced last week, included an AI supercomputing centre to be built in Cyberport in phases from 2024, to support the huge demand for computing power from R&D, academic and industry sectors and promote AI ecosystem and industry development. This manifests the key role of emerging technologies like AI in bringing Hong Kong's I&T developments to new heights. With Hong Kong strategically positioned as the "Eight Centres" outlined in the 14th Five-year plan, we aspire to amplify the presence of Hong Kong's I&T on the world's stage, by creating greater synergy with the Government and different counterparts. We hope the insights shared at CVCF this year will help all of us navigate the new frontiers of venture capital ahead." Resilient Fundraising Performance Despite Market Volatility Despite global venture capital market fluctuations and uncertainties, Cyberport community companies have maintained a robust fundraising performance over the past year. More than HK$ 3 billion (over US$ 380 million) was fundraised in the period from October 2022 to September 2023 alone, from companies including Animoca Brands, bowtie, Endowus, Moonfare etc., bringing the accumulated funds raised by Cyberport community start-ups to HK$ 37.5 billion (over US$ 4.7 billion). For two decades, Cyberport's ecosystem continues to experience healthy expansion; in the event Cyberport has also welcomed the 7th unicorn, CertiK, into the fold. Cyberport continues to play a pivotal role in promoting and facilitating investment matching, as well as supporting startup fundraising through the Cyberport Macro Fund (CMF). From October 2022 to September 2023, Cyberport injected capital through the CMF with investment units into two Cyberport startups that focus on health tech and smart logistics, namely Gense Technologies and alfred24 respectively. CMF has invested in 27 start-up projects,...