In 2016, Hong Kong’s some of the most influential venture capital firms formed Betatron. Staying true to its aim, it is organizing its annual Mega startup funding competition in Hong Kong.
Each qualified startup will receive $150,000 seed funding with free office space during the program and on hundreds of hours of hands-on mentorship.
July 18, 2019, is the deadline for submitting the applications but, startups are encouraged to apply at the earliest because each application is reviewed as submitted. So chances of getting selected will be thin and competition will get tougher in the end. The program is expected to start from September 16th, 2019. Here are predefined steps to avail this life-changing opportunity
(1) Application
(2) A short interview with the team
(3) Interview & pitch in front of the investment committee
(4) Due Diligence
(5) Final offers sent
Betatron encourages companies from all industries and aims to add value to them. The purpose is to reinforce the startup culture in Asia and boost Asia’s aggregate economy. In this three month’s program, startups will attend weekly meetings and receive guidance on an individual basis.
Month 1 (Validation and Optimization)
Following activities will be conducted in month one.
- Product analysis and user testing
- Business model refinement
- KPI establishment
Month 2 (Growth and Traction)
- Weekly growth of key metrics
- Introduction to potential customers and strategic partners
Month 3 (Demo Day)
- Pitch and presentation coaching
- Fundraising preparation
- Continued weekly growth
Once the program is over, Alumni will be kept in contact and connected. The network of Betatron is expanded in China, the USA & Canada, Europe, Japan, Korea, Singapore, and the Middle East.
Betatron was nominated in the category of “Outstanding Contribution to the Asian Startup Ecosystem 2019” with 16,000 votes and secured the first price in Greater China and second place for All Asia.
