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Make A Difference: Hong Kong Seeks To Reinvigorate Its Entrepreneur Hub Status









HONG KONG, Jan. 28, 2013 /PRNewswire/ -- A new Make a Difference (MaD) Venture Fellows Programme took place in Hong Kong from 24-27 Jan, marking the Special Administrative Region's renewed efforts to nurture and attract a new generation entrepreneurial talents.

Hong Kong used to be known as the entrepreneurial hub of Asia.  But the entrepreneurial spirit in this city has been dwindling in the last two decades. According to the International Total Entrepreneurship Activity (TEA) Index, Hong Kong has a relatively low level of entrepreneurship amongst major Asian cities.

New Make a Difference Ventures Fellow Programme

" Hong Kong faces the challenge of developing a more diversified economy, a fairer society and a greener environment. We need to nurture and attract, as a matter of urgency, a new generation of high impact, innovative and entrepreneurial talent, to inject new momentum to our economy and society. We need to inspire our young people to dream BIG and think DIFFERENTLY," said Ms Rachel Chan, Convenor of the Make a Difference Ventures Programme at the MaD Ventures Salon on 25 Jan.

Sixteen innovative and high impact MaD Venture Fellows were invited to present at the MaD Ventures Salon, pitching to 300 people in the investment, finance and business communities in Hong Kong.  The Salon, a public-private-NGO partnership sponsored by the Innovation and Technology Commission of the HKSAR Government, DBS, Outblaze and A Better Tomorrow, is Hong Kong's first international pitching platform to connect start-ups with potential investors and business partners.

"I am delighted that Hong Kong is hosting this event which brings each of the key elements; capital, talent and ideas together in a great networking environment to support the entrepreneurial spirit. I believe that Hong Kong has enormous potential to develop as a hot bed for innovation," said John Tsang, the Financial Secretary of the HKSAR Government and the officiating guest at the Salon.

" Hong Kong is renowned for its effective rule of law, robust IP protection regime, world-class financial infrastructure and experience in doing business in Mainland China and across Asia. All this, together with a full range of services, is highly conducive to the success of new start-ups," he added.

A distinguished panel chaired by the HKSAR Executive Council Member Bernard Chan selected 3 Make a Difference Venture Stars from the MaD Venture Fellows, together with the Salon audience. The three winners were:

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