“Meet our STARS” Demo Day Concludes the Achievements of STARS Programme

The Federation of Hong Kong Industries’ (FHKI) Hong Kong Startup Council hosted the“Meet Our Stars” Demo Day today. Ten startups of the “Smart Energy and Eco-home” cohort of the STARS Programme showcased and pitched their latest products and solutions to investors at Jumpstarter, a major startup event organised by the Alibaba Entrepreneurs Fund. They successfully obtained expression of investment interests totalling HK$26 million and more. Ambi Labs Limited from Hong Kong, LumenCache from the US and Xandar radar from South Korea proved to be the SuperSTARS by obtaining the most expression of investment interests.

Hong Kong Startup Council Chairman and FHKI Deputy Chairman Dr Jack Yeung said, “The Demo Day today concluded the achievements of the second cohort of STARS Programme. Four startups of STARS Programme successfully made it to top 100 Hong Kong startups, and one of them even advanced to top 12. Besides, two startups have recently exhibited at Consumer Electronics Show (CES) 2019 in the US. The achievements of this cohort of STARS Programme are encouraging.”

He added, “I am glad to see some of the startups have already launched their products in the market for pilot or trial scheme, which achieves the objectives of STARS Programme. Not only did we introduce potential customers to the startups, but also organised workshops on pitching skills. All that we do is for the long-term development of the startups.”

This year, CLP Power Hong Kong Limited (CLP Power) is invited to be the Programme Collaborator. CLP Power Chief Corporate Development Officer Ms Quince Chong said, “CLP has placed great emphasis on protecting the environment, and collaborating with various sectors on embracing innovation and technology to contribute to a greener and smarter Hong Kong. By joining the programme, we are making great strides towards enhancing energy efficiency in business sector as we are encouraging corporates and companies to adopt startups’ new ideas and new solutions on managing energy use.”

This cohort of STARS Programme was launched in August last year with 12 selected startups hailed from Hong Kong, South Korea, Sweden and the US. The Programme is designed to provide up-and-coming startups a helping hand in developing operational skills and practical experience necessary to accelerate business growth. It also aims at enhancing the connections between startups, traditional enterprises and investors.