WHAT NxTEC DOES

The NxTEC programme equips you with the ability to

  • build an innovative business model;
  • market a product or service through modern media channels;
  • manage the finance and legal matters in relation to fundraising; and
  • raise fund from investors.

Target Applicants

Hong Kong tech-based startups (enterprises must be established for no more than 5 years before the date of enrolment)

Course Fee

HK$1,000 per applicant

(Early Bird Offer at HK$800 ON or BEFORE 16 Sept 2016)

 

 

PROGRAMME STRUCTURE

The NxTEC Programme comprises of two stages:

Stage 1 – a training programme that covers five modules of lectures and workshops, and

Stage 2- an intensive 6-month fundraising programme.

Stage 1

TRAINING MODULES

Module 1 - Disruptive Innovation

Date: 14 Oct 2016

Venue: InnoCentre

Duration: 1 day

Learning Outcomes:

After this module, the participants will

  1. gain an understanding of the critical innovation skills that they need to cultivate in themselves and their employees;
  2. understand how to develop disruptive innovations; and
  3. build an innovative business model and develop an elevator pitch

Topics:

  • Importance of Innovation
  • Critical Innovation Skills for Entrepreneurs
  • Understanding Business Models
  • Lessons for Developing Innovative Business Models
  • Spotting Disruptive Innovations
  • Understanding Jobs to be done
  • Developing the Elevator Pitch

Instructors:

Prof. Wai Fong

Boh Wai Fong
Associate Professor, Nanyang Business School
Nanyang Technological University 

Boh Wai Fong is an Associate Professor at the Nanyang Business School, Nanyang Technological University in Singapore. She received her PhD from the Tepper School of Business at the Carnegie Mellon University. She conducts research in the areas of knowledge and innovation management. She has published more than 40 articles in top management journals and conferences. She has also won multiple awards, including awards for best papers in journals, conferences, and as a best IS professor in Asia. She has spoken in multiple industry conferences, and specializes in research and conducting training for entrepreneurs, managers and employees in areas related to innovation and entrepreneurship. Assoc.

Prof Boh was a Kauffman Visiting Faculty, and was trained in entrepreneurship education in the Kauffman International Visiting Faculty program. She has extensive experience conducting workshops and training in the innovation, design thinking and entrepreneurship areas.

Module 2 - Media Power

Date: 19 Oct 2016

Venue: InnoCentre

Duration: 1 day

Learning Outcomes:

After this module, the participants will

  1. promote products with the most cost-effective marketing tools; and
  2. create their own digital marketing plan.

Topics:

  • Digital Marketing in Hong Kong and China
  • Social Media Marketing Strategy in Hong Kong and China
  • Successful marketing stories for Startups

Instructors:

Matthew

Matthew Kwan
Principal Consultant
Adams Company Limited

Matthew Kwan is the Principal Consultant of Adams (www.adamshk.com) responsible in Branding, Business Consulting and Enterprise Trainings. He served for many years in multi-national companies including Intel, JP Morgan and Jardines with very broad experience in sales & marketing and management in multicultural and international settings.

As a seasoned speaker & lecturer, Matthew is frequently being invited to speak publicly in Public, Commercial and Christian sectors specializing in the topics of Sales & e-Marketing, Leadership & Management, Business Communications in Hong Kong, China, and Overseas. He lectured at events of HK Trade Development Council (HKTDC), HK Productivity Council (HKPC), HK Export Credit Insurance Corporation (HKECIC), HK Exporters’ Association, HK Science & Technology Parks (HKSTP), HK Institute of Marketing (HKIM), Federation of HK Industries (FHKI), HK Management Association (HKMA), HK Institute of Accredited Accounting Technicians (HKIAAT), HKSAR Labour Department, HKSAR Social Welfare Department, Dun & Bradstreet (D&B), Hang Seng Management College, Australia RMIT University, St James Settlement, Salvation Army, HK Baptist Theological Seminary, Breakthrough and…etc.

Matthew holds a Master degree in Global Leadership from Fuller Theological Seminary, USA and a Bachelor degree in Information Engineering from University of Manchester, UK.

 

 Daryl

Daryl Choy
Director
Wisdomboom Limited

Daryl comes with 20 years of marketing and management experience. He is china partner of Joe Pine, the author of the experience economy; one of the founders of a WeChat-based online university. He started in business with Swire as a management trainee before assuming various roles across a wide range of business sectors, including fast moving consumer goods, business and professional services, IT and telecommunications, and media and advertising. His responsibilities ranged the gamut from sales and marketing to management and human resources to learning and development. He has lived and worked in different China cities including Beijing, shanghai, Guangzhou, Shenzhen, Nanjing, and Zhengzhou. He has been a researcher in customer experience for more than 10 years. His research has received recognition from professors from Harvard and Northwestern.

 

Module 3 - Money Matters

Date: 26 Oct 2016

Venue: InnoCentre

Duration: 1 day

Learning Outcomes:

After this module, the participants will

  1. identify their fundraising positions;
  2. understand how Angel and VC invest in startups;
  3. formulate their own business valuation models;
  4. understand tax issues for start-up and early-stage growth companies;
  5. understand what to prepare in fundraising;
  6. understand valuation methods; and
  7. know how to keep basic accounting books and records for start-up companies

Topics:

  • Corporate Financing
    • Investment Cycle
    • Investment Plan
  •  Angel Investment
  • Investment Eco-system
  • Fundraising Challenges
  • Tax Issue
    • Overview of Basic Tax Concepts for Hong Kong technology start-ups
    • Common Tax Issues for start-up and early-stage growth companies
    • How to better manage Tax matters as start to grow business
  • Fundraising and Corporate Finance
    • What fundraising is like for early stage companies?
    • What to prepare when approaching investors?
  • Valuation
    • Basic Valuation Concepts and Methods
    • Key Drivers and Challenges in Valuing start-up companies
  • Assurance and accounting
    • Basic Accounting and Bookkeeping for Reporting and Compliance Requirements
    • Common Accounting Issues for start-up companies

Instructors: 

dominic

Dominic Chan
Co-founder and Partner
Dark Horse Investment (Angel Investment)

Dominic is the co-founder and partner of Dark Horse Investment (angel investment), and the Founder and CEO of Decisive Consulting Limited (business consulting), a member of the vetting and membership committee of Hong Kong Business Angels Network (HKBAN), and the project director of Centre For Entrepreneurship, Chinese University of Hong Kong (CUHK).

Previously, Dominic has been involved in many hi-tech startups including Englishtown (English language e-learning provider), Cedar Audio UK (Digital Signal Processing equipment), SpikeCyberWorks (web-solution provider), Portable Innovation (PDA OEM design company) and oCen Communication (VoIP, communication portal). He was formally a consultant at McKinsey & Company where he advised clients on strategic, operational and organization issues. He was also the co-CEO of a-connect (Asia), a consulting staffing firm linking independent professional to global leading corporation. Dominic holds a B.A. in Electrical and Information Science, an M.A. and a Ph.D. in Digital Signal Processing, all from University of Cambridge, UK, where he was a Croucher Foundation Scholar.

 

Yan Yeung

Yan Yeung
Senior Manager, Tax Services
PricewaterhouseCoopers

Yan is a Senior Manager of the Corporate Tax group of PricewaterhouseCoopers.

Based in Hong Kong with over 12 years of experience, Yan serves a large number of domestic and multinational clients in a wide range of industries including technology, media, telecommunications, consumer and industrial products, retailing and services.

Yan has taken part in providing Hong Kong corporate tax compliance and advisory services, including regional corporate structuring, merger and acquisition, tax due diligence and tax investigation. Further, she worked on projects for multinational corporations in relation to post-acquisition operational and holding restructuring, and value chain transformation in Asia.

Yan has been a speaker for tax seminars organised by Hong Kong Science & Technology Parks Corporation. She is also active in assisting start-ups with their new business setups.

Yan holds a Bachelor of Business Administration (Law) and a Bachelor of Laws from the University of Hong Kong. She is a member of the Hong Kong Institute of Certified Public Accountants. She is also an associate member and Certified Tax Advisor of the Taxation Institute of Hong Kong.

 

Thomas Kwan

Thomas Kwan
Director, Corporate Finance
PricewaterhouseCoopers

Thomas Kwan is a Director in PwC Corporate Finance Hong Kong. He has been in the industry for more than 15 years and has extensive experience in the Greater China region.

Thomas’ expertise includes leading M&A transactions, both buy and sell-side, and fund raising projects and advisory services including deal origination, target identification, business strategy, structural and regulatory advice, and pricing and negotiation strategy.

Before joining PwC, Thomas was Vice President of OCBC Investment Banking Business based in Hong Kong responsible for IPO and M&A transactions. Prior to joining OCBC, Thomas was Senior Manager (Head of M&A Advisory, Southern China) of another leading financial advisory firm. He was also Manager of Rabobank’s M&A team in Hong Kong and previously worked at McKinsey & Co’s Corporate Finance and Strategy practice.

Thomas graduated as a member of Beta, Gamma, Sigma of HKUST MBA program, and holds a BSc degree in Finance from the City University of Hong Kong. He holds a type 6 licence from the SFC in Hong Kong to advise on corporate finance transactions.

 

Christine Ho

Christine Ho
Associate Director, Valuation Advisory
PricewaterhouseCoopers

Christine has over 15 years of experience in advising domestic and multinational companies on valuation-related matters concerning mergers and acquisitions, business planning, litigation (such as shareholders disputes, marital dissolution), corporate tax restructuring and financial reporting under both IFRS and US GAAP. Her client base encompasses companies that are in various stages of business development and across various industries such as online gaming and entertainment, apparel, healthcare, logistics and transportation, telecommunications, media-focused, consumer products, printing and publishing. Selective key clients include Alibaba, PCCW, Telstra, 21st Century Fox, Lenovo, Li & Fung, and CK Hutchison. She is also a member of the firm’s regional and global Technology, Media & Telecommunications (TMT) network.

Prior to joining PwC Hong Kong in 2008, she worked at a leading financial advisory firm and another Big 4 firm in New York and Chicago. Her role involved leading teams up to 15 analysts in providing independent valuation advisory services. She obtained her Bachelor of Arts in Economics from The University of Chicago.

 

Jimmy Chan

Jimmy Chan
Associate Director, Valuation Advisory
PricewaterhouseCoopers

Jimmy Chan is a Associate Director with PricewaterhouseCoopers in Hong Kong and has been with PwC for over 14 years. Jimmy specialises in business valuation, intangible asset valuations, financial instrument valuation and financial modeling for M&A transactions, corporate restructuring and financial reporting for local and multinational companies. He is a certified public accountant and is a CFA Charterholder.

Jimmy has extensive experience in valuation advisory and investment appraisal for businesses in financial institutions, industrial products, natural resources, consumer products, retailing, and other services sectors based in Hong Kong, China and other Asian countries. His key clients include Alibaba, Tencent, Samsung, Sony, Boyaa, Idreamsky, Forgame and YY.

 

Gloria

Gloria Chan
Associate Director
PricewaterhouseCoopers

Gloria is an associate director of PricewaterhouseCoopers Limited based in Hong Kong with over 14 years experience in Hong Kong and PRC tax advisory. During the last 8 years, Gloria worked in the Shanghai M&A tax team focusing on merger and acquisition transactions and corporate restructuring.

She is specialized in providing M&A tax due diligence review, deal negotiation support, tax restructuring and post-deal integration services in China and Hong Kong for multinational corporate buyers and private equity funds. She has been directly involved in various M&A transactions including buy and sell side due diligence, deal structure advice for different industries including retail and consumer products, food and beverages, high-technology, business consulting, logistics, pharmaceutical, real estate, industrial products, etc.

She also has extensive experience in helping clients select appropriate investment structures and optimised operation models to achieve tax efficiencies.

She is a fellow member of the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants. Gloria is fluent in English, Mandarin and Cantonese.

 

Kenneth

Kenneth Liu
Senior Manager, Assurance
PricewaterhouseCoopers

Kenneth joined PricewaterhouseCoopers in 2004 and had over 10 years of experience in providing professional auditing and assurance services on the financial performance and business operations.

He has extensive experience in audits of listed companies, multinational companies, and privately owned entities. He has deep industry knowledge and rich understanding of client’s businesses in a wide varieties of industries ranging from manufacturing and industrial products, retailing, pharmaceuticals, private equity, transportation and logistics to property development.
Kenneth is a well-experienced professional in initial public offering and merger and acquisition transactions. He provides credential auditing services to many potential IPO clients. In recent years, Kenneth is active in assisting the start-ups in financial and advisory aspects.

Kenneth is a member of the Hong Kong Institute of Certified Public Accountants.

 

wilson

Wilson Wong
Senior Manager, Deals Advisory
PricewaterhouseCoopers

Wilson has over 6 years of experience with PwC in leading teams to perform deal advisory services for PRC SOE and MNC clients, including business valuations, financial modelling, model reviews, and valuations of financial derivatives. He has managed numerous M&A transactions, both buy-side and sell-side, with target companies in China, Europe, Hong Kong, and South East Asia.

Before joining PwC, Wilson was working with the Government of HKSAR as a civil engineer managing multiple infrastructure planning, construction and maintenance projects.

Wilson graduated from the London Business School with an MBA. He obtained a Bachelor of Engineering degree in civil and structural engineering from the Hong Kong University of Science and Technology.

He is a CFA Charterholder and qualified professional civil engineer of HKIE .

 

 

Module 4 - Legal Matters (Key Legal Issues in Start-up Fundraising Deals)

Date: 3 Nov 2016

Venue: InnoCentre

Duration: Half day

Learning Outcomes:

After this module, the participants will

  1. have an overview of the primary legal documents and customary deal terms in early stage investment transactions; and
  2. understand the key negotiated issues from the perspectives of the Start-up Company, the Founders, and the Investor

Topics:

  • Overview of Key Legal Documents
    • Term Sheet/ MOU
    • Sale and Purchase Agreement
    • Shareholders Agreement
    • Confidentiality and Employee Invention and Assignment Agreement
  • Key Legal Issues
    • Transfer Restrictions
    • Board Governance
    • Investor Protective Provisions
    • Founder Covenants (including Non-Compete)

Instructors: 

Victor

Victor Chen
Partner, Corporate Department
Paul Hastings

Victor Chen is a partner in the Mergers and Acquisitions practice at Paul Hastings and is based in the firm’s Hong Kong office.

Mr. Chen represents private equity sponsors, multinational corporations, and institutional investors in their M&A transactions and investments, with a particular focus on Asia cross-border deals. He has extensive experience advising private equity, venture, and institutional investors in their Greater China and U.S. transactions, including public and private mergers and acquisitions, securities offerings, financings, PIPEs, and auctions in a wide variety of industries.

Mr. Chen’s practice also involves all aspects of corporate advisory work. Mr. Chen has been active in a number of going-private transactions and has advised founders, special committees, private equity sponsors, and financial advisors in these transactions.

 

Bonnie

Bonnie Yung
Partner, Corporate Department
Paul Hastings

Bonnie Yung is a partner in the Corporate practice of Paul Hastings and is based in the Hong Kong office. She has experience in general corporate matters and corporate finance transactions such as initial public offerings, mergers and acquisitions, and transactions under the governance of the Hong Kong listing rules and takeovers code. She is fluent in English, Cantonese, and Mandarin.

 

Layton

Layton Z. Niu
Associate, Corporate Department
Paul Hastings

Layton Z. Niu is an associate in the Corporate practice of Paul Hastings and is based in the firm’s Hong Kong office. His practices focus on mergers and acquisitions, capital markets transactions and general corporate matters. Prior to joining Paul Hastings, Mr. Niu worked at a major Wall Street law firm in its New York and Hong Kong offices.

 

Liming

Liming Xu
Associate, Corporate Department
Paul Hastings

Liming Xu is an associate in the Corporate practice of Paul Hastings and is based in the firm’s Hong Kong office. His practice focuses on private equity, mergers and acquisitions, equity and debt offerings, and general corporate matters. Mr. Xu also has experience advising multi-national corporations on Foreign Corrupt Practices Act investigations, export control regulatory compliance, and antitrust litigation. Prior to joining Paul Hastings, Mr. Xu worked with other major law firms and consulting companies in Shanghai, Minneapolis, Philadelphia, and San Francisco.

 

Module 5 - Special Power (Pitch to Win)

Date: 7/8 Nov 2016

Venue: InnoCentre

Duration: 1 day

Learning Outcomes:

After this module, the participants will

  1. present their business plans effectively with confidence and advanced speaking skills to potential investors; and
  2. introduce their company, products and unique strengths in an extraordinary way to increase the chance of winning in a business pitch.

Topics:

Pitching Skill

  • Learn the Top 10 Speaking Skills to Maximize Own Charm in Business Presentations
  • Craft Your Key Messages and Sound Bites
  • Be a Great Convincer and Influencer, and “Move” Your Audience
  • Make Your Story Unique and Stand Out from Others
  • Pick the Most Appealing Content and Arrange them in the Most Impressive Way
  •  Sustain the Interest of the Audience and Cultivate a Real Long-term Relationship
  • Mock Pitch

 

Instructors:

andy

Andy Wong
Director and Principal Strategist
Channel Services and Communications Limited

An all-round communication professional, Andy Wong has more than 20 years of experience in training, public relations and corporate branding. Currently Director and Principal Strategist of Channel Services and Communications, Andy is the champion of the Hong Kong Master of Ceremony Competition and currently a lecturer at the School of Communications of Hong Kong Baptist University. Andy has trained thousands of people at various organizations including the Hospital Authority, HK Institute of Marketing, HK Computer Society, HK Science and Technology Park, Labour Department and different universities. He graduates from the City University of HK with First Class Honours in Applied Linguistics.

Stage 2

NxTEC+ (Fundraising Programme)

Stage 2 timeline

Submit Teaser – 14 Nov to 25 Nov

  • Stage 1 participants are invited to submit their teasers for application to Stage 2 (NxTEC+).
  • To facilitate our screening process, please download the teaser template here to presley.cheung@hkban.org by 2pm 25 Nov 2016.
  • Please note that (1) the teaser to be submitted should not be more than 3 pages (font size 11); and (2) you may add extra sessions to the teaser template to fit your business proposal while duly complete the prescribed sessions.
  • As selected participants will be invited to a Selection Day in short notice, please get your presentation materials such as PowerPoint and product demo ready.

Announce Teaser Screening Result – 2 Dec 

  • Teasers received will be screened by representatives from HKBAN and HKSTP;
  • 20 participants/teams will be invited to present on the Selection Day.

Selection Day – 14 Dec

  • The teams will present their business projects to a Judge Panel.
  • 10 teams will enter NxTEC+ Fundraising Programme.

6-month NxTEC+ Fundraising Programme – Mid Dec 2016 to Mid June 2017

  • Professional advisory will be conducted by big 4 CPA firms
  • More than 100 hours of professional business consultation
  • Access to HKBAN and HKSTP mentorship pool talented by senior management in renowned organizations
  • More than 15 roadshows connecting to funds of Angels, Venture Capital, Private Equity and Corporate Venture in Hong Kong, Beijing, Shanghai, Shenzhen and Chongqing etc (Please visit our News & Event for more details).
  • As NxTEC is a non-profit making programme, for its sustainability, a success fee of 2 % based on the size of fundraised (cap at US$30,000) shall be charged to fuel future operating costs.  The chargeable period is the 6-month roadshow period plus 8 months thereafter.

PARTNER ORGANISATIONS

VENUE SPONSOR

CONTACT US

2629 6942 / 2629 6781

info@nxtec.org

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