InvestHK floats fast-track fintech programme

Up to 90 firms could get funding and partnership opportunities with large corporates and investors.

Invest Hong Kong (InvestHK) has unveiled the Global Fast Track Programme that aims to help local and global fintech enterprises leverage local fintech opportunities for businesses and innovation, the department announced in a press release.

The programme will commence within the Hong Kong Fintech Week taking place in November.

Under the programme, selected fintech ventures will pitch their innovative solutions to the Hong Kong Monetary Authority (HKMA) and senior executives of corporates that include the Hong Kong Exchanges and Clearing (HKEX), HKFW Strategic Partner AMTD Group, Allianz Global Investors, Chow Tai Fook Jewellery Group, Eureka Nova, Mizuho Bank, Hong Kong Trade Finance Platform Company, FORMS HK, Microsoft, amongst others.

Investors such as AngelHub, Cyberport, Hong Kong Science and Technology Parks Corporation Ventures, Lingfeng Capital, MindWorks, QBN Capital and Vectr Fintech Partners are also on board with up to $1m of investment commitment on offer per project.

The programme is curated by the HKFW appointed event organiser Finnovasia.

Companies from nine fintech verticals—trade finance, capital markets, retail banking, commercial banking, insurance, regtech, wealthtech, payments and enterprise resource planning—to submit applications until August 31. About 10 companies per vertical with the most outstanding ideas will be able to showcase their solutions for an opportunity to join an extensive tailored B2B matchmaking programme with the corporates and investors.

Meanwhile, over 10 selected finalists will then pitch virtually at the FintechHK Global Final for extra prizes at this year's HKFW from November 2 to 6.