- Press Room
- HKSTP’s First-ever Virtual Elevator Pitch Competition 2020 Opens New Investment and Partnership Opportunities for Global Startups
Global entrepreneurs vied for cash prizes of US$200,000 and built connections with leading corporates and investors in Hong Kong and beyond
06 Nov 2020
HKSTP’s senior executives and EPiC’s lead judges witnessed the success of the firstever virtual EPiC 2020. From left:
This year’s EPiC saw hundreds of top-notch startups and global partners, making their presence at the annual event and sending virtual cheers from across the globe.
Mi Terro, a US-based startup, beat other finalists to be crowned champion and winner of Smart City category.
HKSTP senior executives shared their views on this year’s competition and their insights on the future development of global I&T ecosystem. From left:
(Hong Kong, 6 November 2020) – Hong Kong Science and Technology Parks Corporation (HKSTP) held its annual Elevator Pitch Competition 2020 (EPiC) virtually for the first time to unveil new and exciting pitching, investment and partnership opportunities as global startups face a challenging business landscape. US-based biotechnology startup, Mi Terro, topped other finalists to be crowned champion and claimed the top prize at the competition today.
HKSTP’s annual flagship event this year expanded to a week-long virtual programme. It garnered a great response with over 77,000 live views at today’s pitching competition. This year, EPiC attracted 476 entries from 37 countries and cities across five continents. A total of 170 contestants from 31 different markets entered the semi-final round, with nearly 70% of them coming from overseas.
Mi Terro, champion and winner of the Smart City category, is a company that upcycles and reengineers protein food waste into plastic and cotton alternative fibres for the fashion, medical and packaging industries. The three Tech Category Winners, including UK-based AI & Robotics startup Arctoris, Philippines-based fintech startup PearlPay, and Portugal-based health technology startup RUBYnanomed, showcased their full potential as innovators in the competition.
Albert Wong, CEO of HKSTP, said: “This year’s successful staging of the 5th EPiC is a clear sign of our determination to provide a platform of unmatched opportunities to startups around the world to showcase their innovations and demonstrate their entrepreneurial spirit. The week-long programme is also a show of strength and resilience for Hong Kong’s rapidlygrowing innovation and technology ecosystem which propels startups and their ideas to success in Hong Kong, Asia and beyond.”
Since inception in 2016, EPiC has drawn a huge number of international startups to make a live one-minute elevator pitch to leading investors and judges at the International Commerce Centre (ICC), the tallest skyscraper in Hong Kong. This year, our contestants switched modes to present their innovative business ideas, with a one-minute video pitch submitted to simulate the signature 60-second elevator ride.
The top ten finalists were given another opportunity to face the judges in a three-minute live pitch and two-minute Q&A, before announcing the overall champion, who took away a cash prize of US$100,000 while each of the category winners received a cash prize of US$10,000 and all ten finalists won US$6,000 each.
The competition marks a major progression for startups who gained valuable exposure among investors and industry leaders in their ongoing entrepreneurship journey. To further bolster the growth and development of local and overseas startups, this year’s EPiC provides a wider array of business opportunitiesto explore and acquire better understanding of the investment landscape in the region with the upcoming “Global Matching” programme from 9 to 12 November and the “Investment x Corporate Innovation Conference” on 13 November.
List of Winners
|Champion and Tech Category Winner –
|Mi Terro||United States|
Tech Category Winner – Artificial
|Tech Category Winner – FinTech||PearlPay||Philippines|
|Tech Category Winner – Health
|Other Top 10 Finalists||Augmented Bionics||Australia|
|Pivotal Technologies Limited||Hong Kong|
|Qi Sensor Technologies Limited||Hong Kong|
For more background information about the 10 finalists, please refer to the factsheet attached.