CYBERPORT
ANNUAL
REPORT
2022
UNLOCKING
OPPORTUNITIES
BEYOND
BOUNDARIES
Scroll down to discover the
Cyberport Annual Report
for April 1, 2021 - March 31, 2022
Annual
Summary
Cyberport aspires to be the hub for digital technology, creating a key economic driver for Hong Kong
In the past year, Cyberport has made further progress in advancing the digital technology ecosystem, setting the stage for cyberport stsart-ups to shine all over the world.
Digital Entertainment and Esports
744
Smart Living
Community Companies
398
Fintech
No. of Companies
CYBERPORT COMMUNITY
1,800+
onsite: 800+
offsite: 900+
151
1,026
Accumulated no. of incubatees of Cyberport Incubation Programme (CIP)
768
Accumulated no. of grantees of Cyberport Creative Micro Fund (CCMF)
419
Accumulated no. of participants for Cyberport University Partnership Programme (CUPP)
TALENT CULTIVATION
Incubatees and alumni’s expansions to non-local markets to date
170+ companies
Mainland and 30+
overseas markets
166
INDUSTRY DEVELOPMENT
Jobs created by community companies during the year
Accumulated no. of local and overseas industry events supported by Overseas / Mainland Market Development Support Scheme (MDSS)
11,178
1,159
219
441
HK$
Accelerator programmes admitted
START-UP ACHIEVEMENTS
Accumulated funds raised
Accumulated property rights attained
Accumulated industry awards
33,903
m
CYBERPORT
STARTUP
COMMUNITY
Board of Directors
The astonishing result is achieved by a dedicated team of managers and staff, as well as our honourable board members.
Ms. Annie CHOI Suk-han, GBS, JP
Hon. Duncan CHIU
Dr. Lee George LAM, BBS
Ms. Rosana WONG Wai-man
Mr. Eric YEUNG Chuen-sing, JP
Ms. Maggie TSOI Tsz-shan
Mr. Hendrick SIN, MH
Dr. Charleston SIN Chiu-shun
Mr. Victor NG Chi-
keung, BBS, MH
Mr. Eddie MAK Tak-wai, JP
Ms. Erica MA Yun
Professor LING
Kar-kan, SBS
Mr. Michael LEUNG
Kin-man, MH
Hon. LAU Kwok-fan, MH JP
Ms. Ivy CHEUNG Wing-han
Professor Christopher
CHAO Yu-hang
Professor Karen CHAN Ka-yin, JP
Mr. Simon CHAN
Sai-ming, BBS, JP
Chairman's
Statement
Looking ahead to the prospects of economic revitalisation and increased demands for smarter ways of living, Cyberport will continue to support and champion our I&T community by leveraging our unique position as Hong Kong’s digital technology hub, resource and network.
CEO's
Report
I&T propels the development of the society as a whole, enabling forward thinking and new advancements. Cyberport actively supports various industries in applying technologies created through the I&T ecosystem to better the lives of the general public.
Cyberport provides a comprehensive platform to foster success for digital tech entrepreneurs.
Scroll to see how a start-up could grow!
START-UP
JOURNEY
PRE-SEED
STAGE
CUPP
SEED
STAGE
This financial technology (FinTech) focused entrepreneurship programme offers students who are nominated by CUPP university partners a unique chance to participate in an Online Entrepreneurship Boot Camp and receive mentorship from industry elites.
Talent Cultivation
Entrepreneurship Boot Camp
at world-class universities
CCMF
HK$100,000
Seed Funding
EARLY
STAGE
CIP
Cyberport Creative Micro Fund (CCMF) - provides entrepreneurial opportunity to budding young people aged at 18 – 30 for realizing their innovative ideas and supporting the development of early-stage start-ups.
HK$500,000
Financial Assistance
CASP
HK$300,000
Financial Assistance
Cyberport Incubation Programme supports entrepreneurs and start-ups with resources that aim to accelerate their growth.
The Cyberport Accelerator Support Programme prepares Cyberport incubatees and alumni for international markets and investors.
VALIDATION
STAGE
HK$200,000
Financial Assistance
The Overseas/Mainland Market Development Support Scheme (MDSS) provides a financial subsidy for HKCMCL incubatees or grantees or alumni of Cyberport Incubation Programme (CIP) and Cyberport Creative Micro Fund (CCMF) to develop Mainland and Overseas market.
MDSS
GROWTH
STAGE
The CMF is an investment fund which targets to co-invest with other private and public investors in the Cyberport digital entrepreneurs.
HK$400M
Total size of
Investment fund
CMF
EXPANSION
STAGE
Public
Missions
Cyberport expanded its engagement with business, government, industry and society to create synergy and amplify impact, bridging community companies with enterprises, fostering positive-sum developments, spurring adoption, and integrating new and traditional economies.
Nominated teams admiited
CUPP
16
97
CCMF
Granted to start-up projects specialising in FinTech, smart living,artificial intelligence and big data and Blockchain and cybersecurity etc.
130
CIP
Start-ups admitted
Eligible Accelerator Programmes
CASP
130
CPN
CPN membership of 24 start-up turnover of ~200 for engagement programmes and service clinics
100 matching sessions attracting a start-up turnout of over 300
CEN
CTN
27 matching sessions attracting a start-up turnout of over 300
TALENT CULTIVATION
AND DEVELOPMENT
Cyberport’s support funds, career opportunities and events have increased steadily.
The 7th Cyberport University
Partnership Programme (CUPP)
Over 40 nominated students participated in a two-week bootcamp organised by the University of Cambridge Judge Business School and Lingnan University. Selected teams were awarded a total of HK$ 1 million.
Greater Bay Area Young Entrepreneurship Programme (GBA YEP)
This program is designed to bring young talents from the GBA together to develop digital technology innovations. All-round support, including trainings, are provided to facilitate entrepreneurship knowledge and understanding of business environments. Since launching, over 165 teams have been awarded HK$16.7 million.
Partnered with InvestHK to invite start-ups and renowned industry figures to the Hong Kong FinTech Week
Fintech
Cyberport continues its unwavering support towards cultivation of the industry and leads the way for the technology disruption of tomorrow.
Cultivating Innovation
INDUSTRY DEVELOPMENT
70% of participating financial institutions would consider deploying PoC solutions within 1 year
- In collaboration with R3, an Innovation Lab was established at Cyberport to help Hong Kong FinTech start-ups seize Central Bank Digital Currencies (CBDC) Opportunities.
- FinTech Proof-of-Concept Subsidy Scheme (“PoC Scheme”) was launched to encourage creative ideas with the potential to become innovative financial services products to be tested out with $10 million in government funding.
Smart Living
The Edventures Global Business Acceleration Summit saw international EdTech experts share insights on global EdTech application, bridging the digital divide chasm, and the prospects of Hong Kong becoming an education innovation hub in GBA.
Digital Entertainment and Esports
The 3-day Digital Entertainment Leadership Forum 2021 featured a series of “Infinity Games,” tournaments, workshops and innovator showcases, bringing the audience through a journey of “Sea,” “Land,” and “Air”
The Forum also featured were a myriad of esports tournaments, including the 2022 FIFA World Motorsport Championship Esports Cup Hong Kong Representative Selection, the FiFAe Nations Cup 2022 Qualifiers, and Esports Premier League (EPL) Season 2.
More than 90 renowned industry speakers
More than 1,800 participants from 30 countries/regions
More than 600,000 online viewership
To date, 7 Cyberport start-ups have been approved to each receive up to USD$200K of Google Cloud credits
Cyberport Community companies received a total of 220 awards
INTEGRATION OF OLD AND NEW ECONOMIES
In the Cyberport community, we embrace the latest technologies from FinTech, smart living, and digital entertainment, striving to revolutionise business practices through innovative solutions.
99 Business matching sessions arranged by Cyberport Enterprise Network
306 Counts of start-ups joining CEN business matching sessions
Enhancing public-private partnership
Cyberport has organised an array of events for our start-ups, tech companies and Government departments in 2021/22 in support of the Government’s development on Smart City Blueprint for Hong Kong 2.0 and the ‘iAM Smart’ one-stop personalised digital services platform.
More than 30 projects from over 20 Cyberport start-ups have been awarded subsidies totalling around HK$ 15 million under the ‘Subsidy Scheme for Encouraging Early Development of 5G’.
MARKET OUTREACH AND INVESTMENT
Despite the pandemic’s aftermath, Cyberport strengthened its effort in the Cyberport Macro Fund (CMF) and Cyberport Investors Network (CIN) to raise deal flows and connect venture capital for start-ups to deliver innovations for the future.
Total investment amount
US$5.3m
Total amount from co-investment funds
US$74.7m
Number of projects co-invested in by CMF
5 projects
Data in 2021/22
Cyberport Venture Capital Forum
An innovator showcase and an exclusive investor matching platform were facilitated in the annual Cyberport Venture Capital Forum. Over 100 renowned speakers shared their insights on the latest fundraising strategies, market dynamics, and value creation.
Online views
12,000
Innovator showcase
110+
Project presentations
60+
Attendees
2,500+
Investors
250+
Deal flows
350
Scaling Hong Kong to the Nordics
The 6th Belt and Road Summit
。Joined the 4T Partnership established by the HKSAR Government to align targets and actions in achieving carbon neutrality by 2050
。“Cyberport FinTech for ESG Conference 2021” allows businesses to explore how to enhance efficiency when implementing ESG measures
。“Shaping a Sustainable Financial Ecosystem: How to Integrate ESG Factors with FinTech” provides a platform for sharing how the industry is promoting global ESG and sustainable development
Cyberport considers climate change to be a crucial topic and has carried out decarbonisation initiatives to reduce our environmental impact.
We will continue to work towards a more sustainable future by taking appropriate actions in becoming a more environmental and social-conscious enterprise.
Co-building for a Sustainable Community
Expansion on the use of renewable energy by installing more solar power systems at Cyberport 3 and Cyberport 4A with a target of 80 MWh annual electricity generation, reducing over 57,000 kg of carbon dioxide emissions.
Energy Savings and
Renewable Energy
electricity annually
Generated
Saving
Saving
carbon dioxide emissions
635,585kWh
Planted
19,620
55MWh
451,265kg
trees
EVs and Smart
Parking System
Cyberport incubatees, oneCHARGE Solutions and LHC New Energy Company, applied an EV charger system at carpark areas to boost convenience for EV owners and encourage a cleaner alternative method to travel.
The Smart Car Parking System improvement project boosted efficiency by allowing contactless free parking redemption, feasibilities of e-payment and providing availability of parking spaces via an application.
Recycling
On our campus, the ‘Big Belly’ recycling bins are solar powered, installed with an intelligent sensor and compressor compacting recycled content when they are full and sends notifications to cleaning staff for collection.
We have actively incorporated sustainability components at our newly renovated hotel:
。Smart room control technology for guest comfort and energy savings including passive infrared and motion sensors
。Sustainable food sourcing in restaurants including WWF certification for seafood supply chain and the smart hydroponics farm by FarmacyHK
Le Méridien’s Sustainability Components
Cyberport 5
Expansion
Sustainable features in our expansion efforts include:
。Designated part of the low zone floor spaces as greenery open spaces, sunset observation decks and naturally ventilated wind corridors
。Revitalisation of the existing waterfront park landscaping features and smart facilities
。Modular Integrated Construction (MiC) Technology implemented
。Observes BEAM plus certification criteria and aims for at least 30% of construction waste is recycled during the construction processes
CORPORATE GOVERNANCE
Cyberport believes that good corporate governance is essential to accomplishing our public missions, meeting stakeholders’ expectations, and attaining sustainable growth.
We are committed to upholding high standards of corporate governance and have adopted accountability, transparency, fairness, ethics and integrity as the cornerstones of our framework.
Cyberport believes that good corporate governance is essential to accomplishing our public missions, meeting stakeholders’ expectations, and attaining sustainable growth.
CORPORATE GOVERNANCE
We are committed to upholding high standards of corporate governance and have adopted accountability, transparency, fairness, ethics and integrity as the cornerstones of our framework.
Despite the pandemic and the challenges of uncertain times, Cyberport has not faltered in its engagement with the local and global community.
LOOKING
FORWARD
Engagement is essential to effectively supporting our start-up community and we look forward to continuing active dialogue with our stakeholders and fostering effective collaborations in the GBA and beyond.
Looking forward, the Cyberport 5 expansion project will become home to a growing addition of new and innovative start-ups. We will continue to advance efforts in talent cultivation, industry development, integration of new and traditional economies, and market outreach as Hong Kong’s digital technology hub.