PwC and HKSTP launch IT fundraising programme

It aims to lure tech companies to Hong Kong.

PwC and Hong Kong Science and Technology Parks Corporation (HKSTP) jointly launched Tech Raiser, a two-year fundraising programme that aims to expand the city’s Information and Technology (IT) market, an announcement revealed.

The programme aims to build and attract technology companies to Hong Kong, as well as expand on the island’s investor market and capital base for IT development.

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Participating companies will attend the PwC Startups Accelerator Programme in Mainland China and Hong Kong that will provide intensive acceleration and fundraising training along with deep insights on the market landscape.

Companies can also access networking opportunities with Hong Kong’s young entrepreneurs and successors in private and family businesses through PwC’s NextGen Club. Investment managers from PwC and HKSTP will also offer mentoring throughout the programme.

“Giving startups and technology companies the right support at the right moment is crucial for their continued growth, be it R&D, business guidance and planning, go-to-market strategies or funding,” said Albert Wong, CEO of HKSTP. Beyond just fundraising and providing a pipeline of high-quality deal flows, they contribute further to our ecosystem that our start-ups can benefit from – strong international networks, business expertise and financial know how.”

The programme will run from August 2019 to July 2021. It will comprise six industry focuses to provide support to at least 30 companies: financial services; entertainment, lifestyle and education; real estate and infrastructure; advanced manufacturing and environmental sustainability; automobile, transportation and logistics; and healthcare.