NEW ACCELERATOR BRINGS GLOBAL IOT STARTUPS TO HONG KONG
“With its strategic proximity to thePearl River Delta, Hong Kong has all the elements that IoT startups need to thrive.”
Manav Gupta, CEO, Brinc
Formed by an international team of experienced practitioners in technology, startups, crowdfunding, sourcing/logistics, manufacturing, distribution and venture capital, Brinc is a unique IoT accelerator based in Hong Kong built to accelerate connected technology hardware product startups from the ideation stage through business development, consumer validation, manufacturing support and distribution.
Manav Gupta, CEO of Brinc, said, “We are proud to plant a flag in Hong Kong as our headquarters. With its strategic proximity to the Pearl River Delta, Hong Kong has all the elements that IoT startups need to thrive. Coupled with the advantages of the dynamic and growing technology ecosystem, the city’s rule of law, intellectual property protection, ease of setting up a business, low-tax regime, rich heritage in manufacturing and access to engineering resources all combine to offer the right ingredients for the growth of IoT startups.”
With Brinc’s international network, the IoT accelerator programme brings in the best IoT startups from all over the world to Hong Kong, and offers them the platform they need to quickly accelerate their go-to-market strategy and become a viable business beginning with a three-month acceleration programme. Selected teams will progress to receive a mix of cash, business consulting services, plus a hands-on team at Brinc and a unique ecosystem of partners in production, sourcing, logistics and distribution to ensure on-time delivery of orders for customers. The comprehensive package is aimed at providing a competitive advantage for any IoT startup looking to successfully launch its business, manufacture to scale and distribute globally. The accelerator programme is supporting seven IoT startups at the moment, and is expected to accept up to 10 additional startups by the end of 2015.
With offices in Shenzhen and Guangzhou, Brinc hopes to empower IoT entrepreneurs by leveraging the resources in the Pearl River Delta and its comprehensive acceleration programme and investment fund.
“We are glad to know that the Hong Kong SAR Government is firmly committed to supporting the development of IoT in Hong Kong and transforming the city into a centre of excellence. Hong Kong has the unique capability to integrate design, software and hardware and turn ideas into commercially viable IoT products. Our programme aligns with the Government’s commitment to develop Hong Kong into a world-leading IoT hub,” Gupta said.
Fast Facts: Brinc
• Launched its IoT Hub along with its IoT accelerator programme in Hong Kong in April 2015
• Located at PMQ, Central
• Provides acceleration services and funds for IoT startups