On Thursday 10th May, we held a launch event to introduce the ten new startups in cohort 3. The event was held at naked Hub (Bonham Circus, 40-44 Bonham Strand, Sheung Wan, Hong Kong).
Programme Director, Erika Cheung, also provided an update on the traction from cohort’s 1 and 2. The four startups in cohort 1 have raised US$1.2M while the seven startups in cohort 2 have raised a collective US$2.7M to date, with several of the startups still in the fundraising process.
Each startup in Betatron will receives US$30,000 investment and will be guided through an intensive four-month period to refine their business model and fast-track them, grow, scale and raise their first institutional funding round. The startups are located at the Betatron Lab at naked Hub (Bonham Circus, 40-44 Bonham Strand, Sheung Wan, Hong Kong) and have been provided free office space for the duration of the four month programme.
The ten startups are:
3DNA is a digital eyewear design and production company that helps people get the perfect pair of glasses. They take a 3D face scan of the person, and then collaborate with opticians to design glasses using their eyewear design app.
They’ve simplified the eyewear creation process - from concept to design to production - with an integrated pipeline, including an interactive kiosk at the point of sale. This allows them to deliver a product that is one of a kind, perfect fitting, and emotionally connected with the user. 3DNA launched their product at Vision Expo East in March 2018 in New York city, where they sold 3 kiosks and booked over $35,000 in sales.
CryptAM are setting the professional asset management standards in the cryptocurrency asset class by providing investors with reliable and institutional-level access to the growing cryptocurrency market.
CryptAM tackles this field as a Digital Asset management company, integrating traditional investment management standards into blockchain related assets, delivering superior index methodologies as licensor and managing investment funds with an aim to maximize upside returns while minimizing downside risks and a passive ETF strategy.
They employ quantitative research via contemporary statistical analysis and A.I. machine learning processes to reveal market insights to drive value creation for investors.
Green Is The New Black
Green Is The New Black is building the biggest community of sustainable brands in fashion, lifestyle, beauty & F&B and consumers in Asia. Their aim is to make sustainability mainstream, sexy and accessible on a daily basis, for everyone.
They do this through conscious festivals in Singapore and Hong Kong which has brought more than 10,000 people attendees together. And an online curated platform which includes media content and a directory of 80+ brands which are clients and members.
Oxpecker Labs is a deep bio-tech company that specializes in sensor technology. They have developed a patent-pending, non-invasive sweat sensor that tracks electrolyte loss. After attaching the sensor hydration sensor, statuses can be displayed on an app with recommend ideal fluid intake levels.
They have miniaturized the sensor to allow easy integration into different forms of wearables, such as patches, watches, glasses and safety helmets, etc. There are many commercial applications for their technology such as health, sports, and the construction industry. Oxpecker Labs has a team of 8 people with 4 PhDs. Combined, the team has over 80 years experience in sensing technology, manufacturing, patent application and business development.
PatentBot is the first legal chatbot that helps you to register trademarks. They have developed PatentBot to speak three languages and since launching in July 2017, they have over 8,500 unique users from all over the world and 700+ paid customers. PatentBot was recently voted bot of the year by Product Hunt.
Sinotech Marine is a online platform which connects the shipping industry to shipping consultants across the world. Established by a team of senior maritime professionals, Sinotech Marine offers specialized independent technical consulting services globally to ship owners & buyers, shipping equity investors, banks & financial Institutions, and ship charterers and operators. Since launching last year, they have generated over US$100K in revenue and have a 100% repeat order rate from clients.
Tap Media is a media company focused on the mixed martial arts industry in Asia, serving a fan base of more than 200 million people. Tap Media owns and operates three of the largest, dedicated websites covering mixed martial arts in the region and are launching the Asia MMA Awards in Hong Kong on 14 September - an new initiative to bring the sport to another professional level.
For the past year, Tap Media has been on an aggressive growth path, acquiring two of the best MMA publishing companies in Hong Kong and Singapore, plus building their senior management team. Their model is to operate multiple media brands in the industry, which gives them the ability to scale their audience and cement a position as the authoritative voice of MMA.
TradeMonk is an all-in-one, cloud-based platform that makes it incredibly easy for restaurants to order & manage their wine. Unlike other generic solutions, TradeMonk was built from the ground up to cater to wine professionals, which is why they’ve already got some of Hong Kong’s F&B giants like Grand Hyatt, Duddell’s and Otto E Mezzo signed up for their launch.
Vfluencer is an influencer marketing platform which helps brands and agencies to identify and manage micro-influencers at scale. They use data analytics to benchmark and locate influencers and use A.I. to categorise and identify the most relevant ones.
In essence, they turn influencers into a sales army for brands, which allow influencers to continuously generate revenue for brands. The team includes experienced entrepreneurs and A.I. and marketing experts. Since launching three months ago, they’ve already discovered 10,000 influencers and made US$20,000 revenue.
Weesper is a HR Tech startup building a platform where companies can reach and engage a curated community of referrers who compete to source the best talent in the market. Weesper’s army of referrers screen the market for you, so when they find the perfect talents, they introduce them to your company.
Referrers on the platform earn cash reward for any successful hires, ranging from HK$5,000 to 50,000+. Since Weesper launched last October, they have built a community of 300+ referrers and have more than 40 clients that have placed up to HK$1,600,000 as referral rewards.