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HKSTP Calls Innovators Worldwide to Join the Virtual Elevator Pitch Competition 2020

EPiC offers US$200,000 in cash prizes and exclusive cross-border business and investment opportunities to entrepreneurs


23 Sep 2020


(Hong Kong, 23 September 2020) – Hong Kong Science and Technology Parks Corporation (HKSTP) announced that the Elevator Pitch Competition 2020 (EPiC 2020) is now inviting applications from around the world. Given current global circumstances, HKSTP will stage the event on a virtual platform for the first time. Local and international startups and innovators can go beyond the geographic boundaries and unlock tremendous opportunities at EPiC 2020, which will take place from 6 to 13 November.

Marking its fifth anniversary, EPiC 2020 comprises a series of events lasting a week for the 150 contestants shortlisted from a competitive pool of global-wide applications. The startups will simulate the signature 60-second elevator ride to pitch their innovative business ideas virtually via a 1-minute video to a judging panel of major investors and industry leaders, who will select the top 10 finalists. The finalists will be announced during the final pitching competition on 6 November where they will battle to be named EPiC champion of 2020 in a 5-minute presentation plus a Q&A session.

Following the Pitching Competition, the contestants also have the chance to explore cross-border business and investment opportunities to help propel their technology innovation across all key stages of the entrepreneurial journey. The Global Matching Day programme, which will happen from 9 to 12 November, connects the best startups with thousands of leading investors and corporate leaders to explore business opportunities in the Greater Bay Area and Asia Pacific. Co-organised with Hong Kong Business Angel Network, the “Investment x Corporate Innovation Conference” on 13 November concludes the EPiC week by bringing together I&T heavyweights and global pioneers to discuss the regional investment opportunities and share the ways to drive corporate innovation and growth.

Albert Wong, CEO of HKSTP, said, “EPiC 2020, as our annual flagship event, is a unique platform to connect international innovation and technology (I&T) talent, startups and investors to accelerate global partnerships and collaborations. We are hosting our first-ever virtual EPiC this year to drive greater value and synergies among entrepreneurs and corporates across the globe in view of market challenges.”

“At HKSTP, our belief in entrepreneurial spirit and our commitment to sustaining the growth of the I&T ecosystem remain as strong as ever. We strive to provide a beacon of growth opportunity for startups around the world and support them across the critical early stages of their innovation journey.”

Last year, the competition attracted a record number of 650 entries from 48 countries and cities across the globe. Over 70% of the finalists were from 33 different overseas markets, including Australia, Canada, India, Japan, New Zealand, Singapore and the United States, among others. The event brought more than 1,000 entrepreneurs, venture capital firms, angel investors, industry players, incubators, accelerators and tech disruptors together, to sustain the I&T ecosystem in Hong Kong.

Who can apply:

  • Tech startups that are less than five years old and have received less than US$10 million in funding by 31 March 2020 OR individuals who have not yet established any companies
  • Ideas should focus on one of the four technology areas: Artificial Intelligence & Robotics, FinTech, Health Technology and Smart City.

Applications will close on 19 October 2020, at 23:59 hrs, Hong Kong time. 

Please visit https://epic.hkstp.org/ for more detailed information on EPiC 2020.


List of awards and prizes

Award

Cash Prize
(for each winner)

Champion

US$100,000

4 Tech Winners
(Artificial Intelligence & Robotics, FinTech, Health Technology and Smart City)

US$10,000

Top 10 Finalists

US$6,000

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