What are the Top 5 Blockchain Incubator Programs in Hong Kong?By Jun 18, 2019 3 Min Read
The launch of blockchain accelerators comes at a time when interest in blockchain technology is rapidly growing. With new interest brings new innovations every day, not only to how the technology is applied but also the impacts it has on businesses operating models. However, blockchain startups may be faced with some challenges, such as structuring, legal and technical consulting and capital raising. Because of this, blockchain incubators aim to train and nurture talented blockchain enthusiasts while cultivating a supportive and resourceful community.
Hong Kong has accelerators and incubators focused on different verticals for startups to innovate and scale their businesses. Here is a list of some well-known accelerator and incubator programs you can find in Hong Kong:
Bitwork is a blockchain community-based company that assists all companies in the community with developing their market value. Their mission is to link current Hong Kong blockchain projects with potential blockchain entrepreneurs. Bitwork is working towards building up a border-less worldwide blockchain community for information sharing and mutual business development and establishing a Bitwork blockchain ecosystem for the blockchain World.
C Block is a blockchain investment fund, incubator, and advisory firm. They provide early-stage start-ups with funding, consulting, and access into the blockchain ecosystem for accelerated growth. They also help established enterprises implement Distributed Ledger Technology (DLT) solutions to build their strategies.
Emurgo HK is the venture builder for the Cardano blockchain protocol. They accelerate early-stage startups, build developer tools and materials, and unite the Cardano community in pursuit of making Cardano the world’s largest smart contract platform.
LongHash is a platform for accelerating the development and understanding of blockchain technology. LongHash incubators will provide a full range of support for start-ups working on blockchain-related projects. They plan to open incubators in at least ten cities in the United States, Asia, Europe, and the Middle East. Their incubators will help gather data on cutting-edge technologies and industry trends, both locally and internationally.
Loopnest Accelerator is designed to accelerate regulatory compliant fundraising and the entrance process into a rapidly evolving blockchain economy. Through Loopnest Accelerator, the entrants will be equipped with all the resources and knowledge to succeed in today’s digital economy.
As a member of the Fintech Association Hong Kong, Loopnest is also partnered with a Big Four accounting firm, PwC, and together will launch a joint blockchain-themed accelerator programme (“the Programme”). The joint initiative will equip participants admitted to the programme with valuable expertise that will enable them to understand blockchain, and learn how to effectively put the technology to use.
The world is slowly beginning to understand that blockchain has the potential to benefit many different industries. Some authorities are cautious about emerging technology and are reluctant to adopt supportive laws. Still, there are numerous legal challenges that need to be resolved before we can further the expansion of blockchain technology.