31 October – 1 November Event Brings Together Top Investors and Entrepreneurs to Examine Challenges and Uncover the Future Path of Hong Kong in Becoming the International Innovation and Technology Centre

HONG KONG SAR - Media OutReach - 17 October 2023 - In the face of ongoing global uncertainties, economic and geopolitical issues, the annual Cyberport Venture Capital Forum (CVCF) returns this year with an inspiring theme – " Venture Forward: Game Changing through Innovation" . Scheduled to take place from 31 October to 1 November in hybrid format, this premier event aims to explore the burgeoning optimism among investors and entrepreneurs seeking to harness the awakening global economy and capitalise on the limitless potential of emerging technologies such as Web3 and artificial intelligence (AI). Cyberport, as a digital technology flagship of Hong Kong, is committed to helping local startups to showcase the innovation and technology competence of Hong Kong internationally, and to foster the growth of the regional venture capital landscape. With the Hong Kong SAR Government implemented a variety of initiatives including Office for Attracting Strategic Enterprises (OASES), Research, Academic and Industry Sectors One-plus Scheme" (RAISe+ Scheme), and the enhancing collaborations with the Middle East to foster innovation and technology development to stimulate growth and diversification in the technology ecosystem, as an annual signature event in the venture capital market that discusses global successes of tech investments and hot trends of venture capital markets in the digital technology space, CVCF plays a crucial role by providing a platform for start-ups and investors to connect and collaborate, facilitating deal sourcing and fostering partnerships. Possessing a shared vision for I&T development, the government and CVCF work together to create a thriving environment that promotes innovation, collaboration, and technological advancement. To kick start the Forum, Professor Sun Dong, the Secretary for Innovation, Technology and Industry of the HKSAR Government, will give the opening remarks. Elites from industry including CMGE Technology Group, Global Ventures, HashKey Capital, Plug & Play, Polygon, Sunway iLabs and more will share in-depth insights and outlook on the venturing ecosystem, deep-diving into three key areas of discussion: 1) Impacts of geo-politics in relations to deal flows 2) Emerging technologies especially Web3 and AI continuing to spearhead innovation and technology, and 3) The dynamics of the tech venture landscape in the Greater Bay Area, Asia, the Middle East and beyond. Peter Yan, CEO of Cyberport, said: "For the past 20 years, Cyberport has been committed to enhancing fundraising capabilities for start-ups to accelerate their corporate growth, and was recognised by the Ministry of Science and Technology as the State-level Scientific and Technological Enterprise Incubator three years ago. Regional economies have grown into key drivers of global development, and emerging technologies have opened up new opportunities for capital markets. The HKSAR Government also rolled out various initiatives to attract business and investment. Cyberport Venture Capital Forum will gather local, Mainland and overseas venture capitalists and entrepreneurs to jointly explore the global capital markets, with a particular focus on the promising markets in the Middle East, Asian and the Greater Bay Area, as well as new technology industries related to Web3 and AI. The Forum will also engender a platform for start-ups to showcase their innovative prowess and facilitate more investment matchings, leading the technology innovators to seize opportunities for development and achieve breakthroughs in the challenging macro environment." Hendrick Sin, Chairperson of Cyberport Investors Network (CIN) Steering Group and CyberportMacro Fund (CMF) Investment Committee; Co-Founder & Vice Chairman, CMGE Technology Group Limited said " Despite global economic and geo-political uncertainties, it is the support from the Central Government under the 14th Five-Year Plan framework, and from the HKSAR Government with its strategic pathway from the Blueprint to the focus on digital economy, Web3 and GreenTech in this year's Budget, as well as Hong Kong's unique connections within Asia and other regions actively developing the I&T, that inject momentum into Hong Kong's I&T and venture capital markets. Cyberport will continue to devote to the growth of the city's and the world's startup and venture ecosystem with programmes and initiatives such as Cyberport Investors Network (CIN) and Cyberport Macro Fund (CMF)." Empower...