AcceleratorHK opens application for second cohortBy J. Angelo Racoma 19 Mar, 2013
Hong Kong-based startup accelerator AcceleratorHK has opened applications for its next three-month batch, which starts mid-May this year.
Hong Kong’s AcceleratorHK is a three month accelerator that focuses on mobile startups doing hybrid development with HTML5. The team has a program on the lean startup and customer development techniques, and offers access to mentors and technical assistance, in order to help make cross-platform development easier.
According to AcceleratorHK, the special administrative region is an excellent marketplace for mobile apps, given that it has 100 percent 3G coverage across its seven 3G providers, over 100 percent mobile penetration and generally a “mobile crazy” population. Mobile app developers will find the market an ideal place to validate their mobile apps’ viability.
Organized by Stephen Forte and Paul Orlando, who are both entrepreneurs and educators, AcceleratorHK will invest US$15,000 in each participating startup in exchange for an 8 percent equity stake. The program is funded by Telerik, which is the creator of KendoUI and Icenium. These are tools that support cross-platform development of mobile apps. The accelerator will accept even startups that already have a product and have taken funding.
Applications to the second “cohort” are open until April 5, 2013, and eligible startups will be notified by April 15. The program itself is from May 11 to August 16, 2013, ending in a demo day. All cohorts are required to locate in Hong Kong, and will be provided workspace during the program.
According to AcceleratorHK, selection criteria will include both technical and business acumen, and whether the applicants have already proven themselves through prior progress in their idea, concept or prototype. Of course, the organizers also seek participants who are open-minded and coachable. Check out their list of mentors, which includes a mix of startup founders, serial entrepreneurs, venture capitalists and tech executives.
Cohort #1, which started late 2012, included taxi booking app Taxiwise, payment service PayAllies, Chinese translation service SurroundApp, viral marketing app Dynamino, social venture 100 Village, and event-connection app GOnnect.
Interested in participating in Cohort #2? Apply now.
Source: StartupsHK | Photo Credit: Stephen Forte