Innovation is Everywhere - Startups from Hong Kong (2014)

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With its history of manufacturing (made in Hong Kong) and its expertise as the financial hub of Asia, no wonder the top startups you find in Hong Kong are Makers and Fintech. Makers? Yes, guys and girls who build stuff you can touch, with open-hardware sailing boat Protei or "scale-down" manufacturer Makibox. Fintech? The best brains of the financial services go startup and make p2p lending, social media trading and more possible. Check out this review of the best startups of the Hong Kong tech ecosystem. Read more about us as we roam the world to explore the emerging markets startups scenes, from Iran to Chile, from China to Nigeria. Reach us at: martin@innovationiseverywhere www.innovationiseverywhere.com

Tecnologia

Startups from Hong Kong
Following the Protei Hackathon & Dim Sum Lab meetup
March 2014

#1 – Protei, the DIY boat with environmental data
• Protei makes DIY boats as makers do, with fast prototyping, DIY materials and
Arduino electronics to get it work
• Has been working in Fukushima waters to test radioactivity
• Open-hardware principles: anyone can build on it! Soft launch done for a boat
now under $1000

#2 – Makibox: let’s scale down manufacturing!
• Makibox could be yet another maker doing an affordable 3D-printer
• Jonathan Buford’s goal is more to find a technology and a process to
scale down manufactuing and empower makers to find a tool to create
products that are between the prototype and the mass-production

#3 – 8securities, when trading meets social media
• Founded by the team who already made E-Trade, the first reputed
trading digital service
• 8securities mixes the lure of trading with the power of the crowds,
adding social media data to the value of stocks
• 50k users and $1bn assets played with on the platform

#4 – WeLend, the p2p loans engine in Hong Kong
• WeLend is a peer-to-peer loan platform, with 5k users who have
lent/borrowed about $300m in two years
• Typical transaction is a $10-20k, 24-month loan

#5 – BigColors, p2p platform for early-stage investors
• BigColors is a platform for early-stage investors to trade their shares, advice and
connections
• Founded by an ex-banker from Goldman Sachs & JP Morgan
• Now expanding to other countries in Asia (Singapore in Dec. 2013), $8m raised

#6 – 6Waves, mobile gaming publisher
• 6Waves publishes mobile games, has raised $17.5m so far
• Sued by King (publisher of Candy Crush) for copying too many of
its successes (Farm Heroes Saga -> Farm Epic)

Our project
An exploration of innovation ecosystems across the world

Innovation has no place in a global world, it’s everywhere
Innovation ecosystems can learn from one another
Local context matters and should be a source for innovators
This is why…
We’re on a world tour of innovation ecosystems!
We believe…

Martin Pasquier
Entrepreneur in
Singapore (social
media agency), long-
time traveller
Mixes economics,
politics and travels to
analyze ecosystems,
reports on innovation
About our team
Analysis, community & network
Anne Lalou
CEO of Innovation
Factory & Web School
Factory in Paris
Transfer knowledge of
ecosystems to new
generation and to a
network of top French
companies
Nicolas Loubet
Serial entrepreneur
in Paris
with 3 companies,
growth hacker
Manages and
nurtures creative
communities
on & offline

A world tour of innovation: 2013-2014
SUPPORT US! Travel & time of exploration isn’t free 
 Custom reports on emerging markets & trends
 Workshops, talks on innovation trends
 Connection to key local players for VCs, brands, tech communities

Thanks!
Martin Pasquier, for Innovation is Everywhere
martin@innovationiseverywhere.com

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The CES 2015 ended yesterday in Las Vegas, so here's a wrap-up from a dual perspective of a French entrepreneur and, as my partner says, "escort boy of corporates into the startup world". Robotics, Smart Home and Internet of Things rule... But where are the designers? Again this year, a lot of robots, devices to make your home, car, pet (?) smart, but after seeing dozens of replicas and variations, I can't help to feel a bit disappointed by this top trend of the CES 2015 edition. The design of most of these sexy automated things is nonexistant. Interfaces are clumsy and cluttered. Who has the time to check 50+ trigger for a smart home?. Robots are probably the worse, looking like they escaped a second range sci-fi movie. If we are to embed these technologies in our home, and we won’t be changing them too often, it has to be designed for users, not for nerds or for the sake of whatever alliance of partners is backing the whole thing. Interoperability and internationalisation: the two challenges of technologies at the CES 2015. We’re now familiar with the concept of platform and ecosystems, thanks to the software world startups and companies. There’s still a huge question mark on whether the Smart Home technologies we saw in Las Vegas could find a common standard, and this question is worth for at least two levels. A first level of non-interoperability lies in the technology used to connect all the devices of the Smart Home. Z-Wave, Zigbee, Home Automation or Open Home are 4 different alliances which had booths and stand at the Consumer Electronic Show. Each ecosystem has its own norms, startups, features, which are rarely compatible with the other alliances. It makes zero sense from a user perspective, and likely not much more from the brands' either. These forced friendships do sometime list a lot of partners, but it's hard to see one work better than the other as there's no key difference. The CES is for consumers, and few startups think of B2B It’s half a surprise. As we work at Innovation is Everywhere with companies who are looking for startups to work with, we often face a complete lack of B2B culture (or even roadmap) with startups we meet and talk to. The CES 2015 is no exception: most startups are not ready at all to deal with big B2B customers, which is really surprising. Selling to consumers is a traditional fantasy of startups, even though it’s a tough market, with high acquisition costs. On the other hand, it takes as much time to get one B2B client, but it would then buy a lot more units of the technology sold. From smart locks to thermal cameras and even to smart mattresses, we rarely found anyone ready to test and try their product on, say, 20 hotels and see how to scale up from there. Beyond the CES itself, Las Vegas is an amazing startup city We took some time to visit the startup ecosystem of Las Vegas, well known since Zappos is headquartered there.

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Hong Kong is dubbed "Asia's world city", and would also love to be the tech capital of the most dynamic and populous region of the world, halfway between the North Asia giant (China, South Korea, Japan) and the fast-growing South-East Asia (Singapore, Indonesia, Vietnam...). With 8m inhabitants, a British past and a recent come-back into China, can Hong Kong be the hub it is already financially? To be true, there's a world between Hong Kong and China, and it makes of the city-island-state-special administrative area quite an isolated dot. Of course, the manufacture and financial history and expertise of the city can be seen quite vividly in its startup scene, where "fintech" is quite advanced. In this review, you will see how Hong Kong has turned into an innovation hub mostly thanks to a small community of determined entrepreneurs, its best practices as an ecosystem, and its strengths and weaknesses as well. Read more about us as we roam the world to explore the emerging markets startups scenes, from Iran to Chile, from China to Nigeria. Reach us at: martin@innovationiseverywhere www.innovationiseverywhere.com

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Innovation is Everywhere - Startups from Hong Kong (2014)

1. Startups from Hong Kong Following the Protei Hackathon & Dim Sum Lab meetup March 2014

2. #1 – Protei, the DIY boat with environmental data • Protei makes DIY boats as makers do, with fast prototyping, DIY materials and Arduino electronics to get it work • Has been working in Fukushima waters to test radioactivity • Open-hardware principles: anyone can build on it! Soft launch done for a boat now under $1000

3. #2 – Makibox: let’s scale down manufacturing! • Makibox could be yet another maker doing an affordable 3D-printer • Jonathan Buford’s goal is more to find a technology and a process to scale down manufactuing and empower makers to find a tool to create products that are between the prototype and the mass-production

4. #3 – 8securities, when trading meets social media • Founded by the team who already made E-Trade, the first reputed trading digital service • 8securities mixes the lure of trading with the power of the crowds, adding social media data to the value of stocks • 50k users and $1bn assets played with on the platform

5. #4 – WeLend, the p2p loans engine in Hong Kong • WeLend is a peer-to-peer loan platform, with 5k users who have lent/borrowed about $300m in two years • Typical transaction is a $10-20k, 24-month loan

6. #5 – BigColors, p2p platform for early-stage investors • BigColors is a platform for early-stage investors to trade their shares, advice and connections • Founded by an ex-banker from Goldman Sachs & JP Morgan • Now expanding to other countries in Asia (Singapore in Dec. 2013), $8m raised

7. #6 – 6Waves, mobile gaming publisher • 6Waves publishes mobile games, has raised $17.5m so far • Sued by King (publisher of Candy Crush) for copying too many of its successes (Farm Heroes Saga -> Farm Epic)

8. Our project An exploration of innovation ecosystems across the world

9. Innovation has no place in a global world, it’s everywhere Innovation ecosystems can learn from one another Local context matters and should be a source for innovators This is why… We’re on a world tour of innovation ecosystems! We believe…

10. Martin Pasquier Entrepreneur in Singapore (social media agency), long- time traveller Mixes economics, politics and travels to analyze ecosystems, reports on innovation About our team Analysis, community & network Anne Lalou CEO of Innovation Factory & Web School Factory in Paris Transfer knowledge of ecosystems to new generation and to a network of top French companies Nicolas Loubet Serial entrepreneur in Paris with 3 companies, growth hacker Manages and nurtures creative communities on & offline

11. A world tour of innovation: 2013-2014 SUPPORT US! Travel & time of exploration isn’t free   Custom reports on emerging markets & trends  Workshops, talks on innovation trends  Connection to key local players for VCs, brands, tech communities

12. Thanks! Martin Pasquier, for Innovation is Everywhere martin@innovationiseverywhere.com

Innovation is Everywhere - Startups from Hong Kong (2014)

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