Hong Kong start-up wins Elevator Pitch Competitors with 3D modelling system for building tasks
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Within the building trade, delays and disputes throughout constructing tasks can usually end result from a scarcity of coordination. To assist resolve this drawback, Hong Kong start-up Skyland Innovation developed a knowledge assortment system that makes use of real-time 3D modelling expertise.
“It allows property homeowners, builders, engineers and contractors to speak and collaborate higher,” Jessy Wang, human sources enterprise accomplice on the proptech firm, says of the system, which consists of a handheld scanning system paired with synthetic intelligence (AI) software program. “The modelling makes use of AI and a robotics-backed system to document full 3D data all through a venture’s lifetime, making knowledge backtracking potential at any level.”
This concept noticed Skyland Innovation win the title of total champion at Hong Kong Science and Expertise Parks Company’s (HKSTP’s) seventh Elevator Pitch Competitors (EPiC).
The annual occasion is a worldwide pitching competitors during which mid- to late-stage start-ups from the fintech and proptech sectors vie for money prizes, in addition to funding alternatives of as much as US$5 million from the HKSTP Enterprise Fund.
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Through the EPiC grand finale, which passed off April 28 in Hong Kong’s tallest constructing, the Worldwide Commerce Centre, 50 semi-finalists pitched their enterprise concepts throughout a 60-second elevator journey to the skyscraper’s 100th flooring.
“EPiC is a mega-event during which you may have 60 seconds to current your thought. However it’s about extra than simply pitching,” says Albert Wong, CEO of HKSTP. “It’s additionally an enormous mingling occasion with buyers. We need to join start-ups with customers.”
This yr’s competitors had the largest worldwide turnout but, with 618 entries from 55 economies. The judging panel, which included buyers, entrepreneurs and enterprise leaders, evaluated the start-ups in response to the individuality of their concepts, the potential market measurement for his or her merchandise and the methods for reaching their enterprise targets.
Wang says she and the group at Skyland Innovation determined to enter EPiC with a view to practise their pitching abilities and showcase the corporate’s product to potential buyers.
“What differentiates EPiC from different competitions is that it finds focused VCs [venture capital firms] and trade purchasers for enterprise matching,” she provides. “It’s a networking alternative we haven’t skilled earlier than.”
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The beginning-up gained a complete of US$90,000 in prize cash within the competitors, which Wang says will assist take its revolutionary answer to the following stage. “We need to do extra R&D on our AI software program platform. We may also use the cash to proceed to construct the group in order that we are able to develop quicker.”
She calls EPiC “the very best out there platform for start-ups to make an actual enterprise affect”, as a result of it connects them not solely with customers, but additionally massive companies similar to MTR Lab, HSBC and Cathay Pacific, to allow them to take a look at their options immediately.
All 50 of the competitors’s semi-finalists have certified to be thought-about by the HKSTP Enterprise Fund for extra direct funding offers of as a lot as US$5 million, and they’ll additionally obtain help from the HKSTP ecosystem to assist them develop into the Asian and world markets.
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Everybody at Skyland Innovation is happy in regards to the development alternatives that Asia has to supply. “I consider Asia has the potential to guide the long run for innovation and expertise,” Wang says.
HKSTP’s Wong believes that Hong Kong’s start-up panorama is just going to grow to be extra vibrant going ahead. “The federal government has put lots of sources into expertise innovation,” he says. “We now have to develop exponentially. We now have 3,000 to five,000 expertise firms in Hong Kong, however we have to develop to tens of 1000’s.”
In keeping with that bold development goal, EPiC can also be set to develop, with plans to carry preliminary rounds of the competitors outdoors of Hong Kong for the primary time. Wong says: “Subsequent yr’s occasion shall be a lot greater.”
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