11 Apr '18, 1am

Singapore and Hong Kong are winning over start-up accelerators

There's a new breed of entrepreneurship programs turning to Asia for their next big ideas. These accelerators, which groom early-stage tech companies, see Asia as a hotbed for technological innovation. That's demonstrated in part by the region's explosive growth in financing activity last year. Total annual funding activity in Asia increased by 117 percent in 2017 compared to the prior year, according to a report released by intelligence platform CB Insights. There was $70.8 billion invested across 2,847 deals in 2017 — up from $32.7 billion the year before, according to the report. Of particular note, start-up accelerators see potential in Singapore and Hong Kong , primarily because of strong reserves of tech experts. Entrepreneur First, a London-headquartered start-up accelerator that fosters companies from inception, launched in Hong Kong last month. That's on top of it...

Full article: https://www.cnbc.com/2018/04/10/singapore-and-hong-kong-a...

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