Cyberport Start-up - Snapask

“We felt like lone warriors when we joined Cyberport back in 2013, as start-ups weren’t flourishing as they are today. Luckily, we received extensive support from Cyberport, in terms of financial support and business development. Cyberport’s network was instrumental in formulating our business model and recruitment of investors.”

Asked about what he thought of Hong Kong’s start-up environment, Timothy said it is difficult to start-up anywhere in the world. The toughest part is probably securing capital, but some incubators can help, like how Snapask was helped by Cyberport. But he thinks whether a place is suitable for starting up depends on other factors as well.

“Hong Kong’s start-up scene has been developing rapidly over the past few years. To be honest, there aren’t too many things that start-ups are concerned with, other than capital and talent acquisition. In our opinion, Cyberport serves as a pretty solid launch pad given its extensive network and funding. As an incubatee, Cyberport Incubation Programme has provided us with HK$530,000 funding and an office. With the amount, we could expand the team, create more extensive marketing plans and engage some professional services such as legal and accounting. The office is an important space where our team could coalesce, especially when we started out as university students. They were very practical solutions.”