Collaboration will empower startups to
establish real world success cases by cultivating business solutions across
different business areas
HONG KONG, CHINA - Media OutReach - 4 December 2018 - Stan Group (Holdings)
Limited, a diversified business platform announced today that it is
collaborating with Jumpstart Media Limited, an innovation ecosystem builder to
launch The STILE Initiative, a residential incubation program for startups in Asia
Pacific. The STILE Initiative is the only programme in region that provides
accommodation, office space, and investment for startups. It is the first programme
to introduce a conditional follow-on funding scheme for high-performing
incubatees who meet growth expectations after completing the programme.
Stan Group has a diversified business portfolio, managing more
than 30 respected brands across property, hospitality and catering services,
telecoms and advertising, financial services and social innovation development.
this portfolio, a maximum of seven
startups - selected through Jumpstart's platform from 11 cities in Southeast Asia and Australia - will be
accepted into each cohort. Each selected participant will be provided with
accommodation, investment and a stipend while in Hong Kong. One startup will be
selected from each city to ensure that incubatees come away with a diverse
network of peers from around the region.
intensive four-month programme will be customized to address each startup's industry,
pain points and stage of growth. Dedicated mentors will guide participants through
the programme. Stan Group's associated
business units and corporate partners will provide opportunities for startups to take on contracts and
accumulate real-world proof of concepts and revenue.
Mr. Stan Tang, Chairman of Stan
Group said, "In alignment with the Group's dedication to supporting
entrepreneurial development within our communities, as well as propagating entrepreneurial
spirit among the public, The STILE Initiative has been designed to foster
engagement between corporations and entrepreneurs. The aim is to drive the
development of innovation within Hong Kong's startup community, and stimulate the development of new industry solutions
across the board."
The STILE Initiative is recruiting startups in the region around
the sectors of Hospitality, Real Estate, F&B, Media & Communications, and
Financial Services, although promising early-stage ventures in any industry
will be considered. It is preferred but not required for applicants to provide
a tech-based solution.
Applications for The STILE Initiative are expected
to open in December 2018. The launch will kick off with a series of roadshows
in Hong Kong, Singapore, Bangkok, Manila, Jakarta, Kuala Lumpur, Ho Chi Minh
City, Sydney, Melbourne, Tokyo, and Taipei.
ABOUT STAN GROUP
Stan Group (Holdings) Limited ("Stan Group") is a family-owned
conglomerate with more than 30 respected brands across various industries. The
Group's investment strategy focuses on five areas of business: property
investment and management (SG Properties), hospitality and catering services
(SG Hospitality), telecom and advertising (SG Communication Services),
financial services (SG Financial Services) and social innovation development
(The STILE). With over HK$50 billion in AUM in partnership with Tang Shing-bor's
family business. The group believes in furthering our reputation as a
forward-looking organisation that strive to change business for good. www.stangroup.com.hk
About Jumpstart Media
Jumpstart Media is a platform
that connects and supports Asia's entrepreneurial ecosystem through content,
non-profit initiatives, and corporate partnerships. We publish Jumpstart
Magazine, a leading voice for and the only print magazine covering startups and
technology in the APAC region. Jumpstart will be managing The STILE Initiative,
taking a hands-on approach with participating teams.