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 6 May 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: 02 June 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: 07 June 2016

Venue: InnoCentre

Duration: 1 day

Learning Outcomes:

After this module, the participants will

  1. understand how to build a branding strategy;
  2. promote products with the most cost-effective marketing tools; and
  3. create their own digital marketing plan.

Topics:

  • How to build your own Brand with little to no money!
    • Defining Business and Brand purpose
    • What does this mean to your customers and/or consumers?
    • Why are you unique to your competitors?
    • Personifying your Brand
    • How to apply your Brand in different areas and situations
  • Business Models for Startups
  • Digital Marketing Strategy

Instructors:

Alex

Alex Lee
Chief Executive Officer
Leo Burnett Group

Alex joins Leo Burnett mid-2015 to be the CEO for one of its largest office operations – Leo Burnett Group in Hong Kong. He is responsible to modernize one of the largest agencies in Asia, from an established brand and advertising agency to a future-facing, digital-focused, and creatively effective partner for LB’s largest clients such as P&G.

Prior to the switch, Alex was the regional digital evangelist for Ogilvy’s Asia-Pacific. In his capacity, Alex worked on growing and fortifying Ogilvy as the strongest and biggest digital network in Asia.

Before moving to Hong Kong, Alex was in Shanghai helping brands such as IBM, InterContinental Hotels Group (IHG), UPS and SAP build presence and business in China. Alex has a background in direct marketing hence the natural inclination to digital and data-driven marketing back in late 1990s when clients started to explore digital and CRM.

Alex enjoys meeting new and talented people, and exchanging thoughts over good wines and food.

 

 Michael simons

Michael Simons
Chief Creative Officer
Leo Burnett Group

Michael Simons is Chief Creative Officer of Leo Burnett Hong Kong. He is a British born, New Zealand raised, Australian citizen and a USA permanent resident. Until July 2014, he was a Chinese resident having spent three years as Executive Creative Director at Wieden+Kennedy’s Shanghai office.

He began his career as an Art Director in London where he spent 7 years working on brands such as Saab, Slanzenger, Puma and Carlseberg. Since then he has been the creative head of agencies in New Zealand, Australia and the US.

He was a Creative Director on Nike at W+K in Portland, Oregon, Asia Pacific Regional ECD for FCB and Chief Creative Officer of FCB in New York. Prior to his move to HK he was the Executive Creative Director at Grow&Co, a brand consultancy and incubator in NY.

His wife is Australian and they have three sons who were all born in different countries.

 

alan

Alan Yip
Chairman and Chief Executive Officer,
Guru Online

Mr. Yip serves as the Chairman of the Board and co-founder of Guru Online (Holdings) Limited, a publicly listed Internet company in Hong Kong. Guru Online inspires to digitalize traditional business by leveraging creativity and innovation, revolutionizing current market situation. The company thrives as a forerunning powerhouse with collective wisdoms from hundreds of Internet specialists.

Started from 2007, Mr. Yip has founded Guru Online to launch a high-growth online marketing platform that enables brands to reach diverse customers. Guru Online is also one of the pioneer companies in Asia who firstly leverage social media platforms in business. Headquartered in Hong Kong, with branches in Beijing and Guangzhou,

Guru Online has worked with dozens of Fortune 500 companies. With Mr. Yip’s remarkable management and leadership skill, Guru Online has successfully evolved into a regional enterprise publicly listed in Hong Kong in 2015. Guru Online has recently invested and started incubating Internet startups in selected high growth potential sectors of several traditional industries.

Prior to the foundation of Guru Online, Mr. Yip worked at Procter & Gamble Hong Kong Ltd. (P&G), the world’s largest multinational consumer goods company. He has devised shopper and retail marketing strategies for international FMCG brands.

During his duty as the Regional Marketing Director of La Souhait Cosmetics Group, Mr. Yip has successfully led the team in delivering effective business portfolio strategies, brand management and initiatives.

Mr. Yip graduated from The Chinese University of Hong Kong; he has also studied the Entrepreneur CEO program at The China Europe International Business School (CEIBS).

Module 3 - Money Matters

Date: 16 June 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
  • How VC Weigh Investment Project
    • Research & Development
    • Business Model
    • Financial Model
    • Management Team
    • Market Size
  • Successful Case Sharing
  • 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.

 

Sean

Sean Wang
Investment Manager
IDG Capital Partners

Sean Wang joined IDG in 2013 and specialized in Smart hardware, Virtual Reality/Augmented Reality, Robotics and Artificial Intelligence investments. He was involved in a number of tech investments previously. He holds an MBA degree from University of Hong Kong and B.A of Computing from The Hong Kong Polytechnic University.

Gwenda Ho

Gwenda Ho
Partner, Tax Services
PricewaterhouseCoopers

Gwenda is a Partner of PwC Hong Kong’s corporate tax practice, specialising in the technology, media and telecommunications sectors.

Gwenda has extensive experience in providing Hong Kong and international tax consulting services to local, regional and multinational clients. She has been actively involved in a number of tax investigations, corporate restructuring, cross-border tax advisory, transfer pricing, tax due diligence and IPO projects. She has broad exposure in Asia Pacific and international taxation and frequently leads assignments involving regional and other overseas taxes.

Experienced in advising both overseas MNCs and Chinese companies on investing into Hong Kong as well as using Hong Kong as a platform for outbound investment, in recent years Gwenda is also active in the start-up community, eagerly assisting start-ups with their new business setups. Besides, she is a passionate public speaker on tax-related topics.

Gwenda graduated with a degree in Commerce from the University of Toronto and a degree in Laws from the University of London. She is a member of the American Institute of Certified Public Accountants, the Hong Kong Institute of Certified Public Accountants, The Taxation Institute of Hong Kong and Association of Women Accountants (Hong Kong). She is also a Certified Tax Adviser (Hong Kong) and a Chartered Global Management Accountant.

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.

 

Sharon Chow

Sharon Chow
Director, Assurance
PricewaterhouseCoopers

Sharon Chow is a Director of PwC Hong Kong’s Assurance practice.

Sharon has extensive audit and advisory experience, and works with a wide range of international and local clients in different industries including telecommunication, technology, manufacturing, trading and construction and engineering sectors. She also has considerable experience in helping companies list on the Hong Kong Stock Exchange (Main Board and GEM) and overseas stock exchanges.

Sharon graduated from the Monash University, Australia, where she earned a Bachelor of Economics, majored in Accounting. She also earned a Master of Business Administration (Finance) from the University of Hull in the UK. She is a member of the Hong Kong Institute of Certified Public Accountants and she is the Vice President of the SME Committee of CPA Australia.

 

Module 4 - Legal Matters

Date: 23 June 2016

Venue: InnoCentre

Duration: Half day

Learning Outcomes:

After this module, the participants will

  1. have an overview of legal key documents and typical terms and conditions; and
  2. understand deal Issues for entrepreneurs

Topics:

  • Key Documents
    • Confidentiality/Non-Disclosure Agreement (NDAs)
    • Term Sheets/MOU
    • Subscription Agreements
    • Shareholders’ Agreements
    • Sale and Purchase Agreements
    • Tax Indemnity
  • Deal Issues for Entrepreneurs
    • Representations and Warranties
    • Disclosure Letter
    • Signing Documents in a personal capacity (direct warranties, restrictive covenants and guarantees)

Instructors: 

Jamil McClintock

Jamil McClintock
Associate
DLA Piper Hong Kong 

Jamil McClintock’s practice involves counseling private and public companies in various corporate and securities matters.
Jamil represents later stage companies in mergers and acquisitions and advises venture capital firms and emerging growth companies on entity formation, venture financings and general corporate governance.

Andy Tam

Andy Tam
Associate
DLA Piper Hong Kong 

Andy is an Associate in the Corporate team in DLA Piper’s Hong Kong office. Andy has been involved in a broad range of corporate and commercial work, including cross-border corporate sales and acquisitions, advice on general corporate matters and commercial agreements including outsourcing, distribution and licensing agreements.

Andy also supports a growing Private Equity practice that advises PE/VC backed companies in their corporate transactions, including mergers, acquisitions, leveraged-buyouts, joint ventures and strategic alliances.

He has advised various funds on their investments into high profile e-commerce and technology companies.

Module 5 - Special Power (Pitch to Win)

Date: 28/29 June 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)

 

30 June – 14 July 2016 (12p.m.) Submit Teaser

  • 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 14 July 2016 (12p.m.).
  • 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.

21 July 2016 Announce Teaser Screening Result

  • Teasers received will be screened by representatives from HKBAN and HKSTP; and the result will be announced on 21 July 2016.
  • 20 participants/teams will be invited to present on the Selection Day.

28 July 2016 Selection Day

  • The teams will present their business projects to a Judge Panel.
  • Each team will have 10-min presentation plus 5-min Q & A.
  • 10 teams will enter NxTEC+ Fundraising Programme.

6-month NxTEC+ Fundraising Programme

  • 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.  For example, HKBAN, Angel Crunch, China Youth Angels Association, Nanyang Angelz and Venture Investors Alliance of Hong Kong.
  • 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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