Startups, Investors and Industry Leaders Gather to Share Ideas for the Future at the Cohort 1 information Night
HONG KONG, CHINA - MediaOutReach - 8 August2019 - Stan Group (Holdings) Limited ("Stan Group") announcedThe STILE Initiative ("the programme"), the investment-backed residentialincubation programme, has progressed to the recruitment for Cohort 2, at the inauguralInformation Night on 1 August 2019. At theInformation Night, five selected incubatees of the programme's Cohort 1 presentedthe growth and development of their business to Stan Group executives,investors and other industry leaders. This was achieved through the developmentof commercial relationships and contracts with Stan Group members, while inparallel through the participation in boot camps, workshops, networkingsessions, mentoring and forums which are aimed at providing training andguidance on the required skills a startup should possess in a holistic approach,during the four-month programme.
(Centre, back row) Mr. Stan Tang, Chairman of Stan Group and Founder of the STILE Initiative, startup teams, mentors and industry leaders gather at the Cohort 1 information Night, to share ideas for the future
Foundedby Stan Group and co-organised by Jumpstart Media, The STILE Initiative is a residentialincubation programme for international startups. Inaugurated this year, the Cohort1 has attracted applications of over 500 startups from 11 cities in AsiaPacific. After multiple rounds of interviews, five companies were selected toparticipate in the four-month programme, with accommodation, office space, andstipend provided. The selected companies focused on a range of innovativetechnologies in areas such as digitization of assets, portfolio management for cryptoassets, microfinancing, hotel reservation, and property management. StanGroup's associated business units and strategic partners provided opportunitiesfor startups to take on contracts and accumulate real-world proof of conceptsand revenue. As a result, 60% of the teams have obtained commercial contracts,while 40% of the teams have confirmed investments.
The recruitmentfor the Cohort 2 of the STILE Initiative has begun. A maximum of 10 startupswill be selected from 12 cities across Asia Pacific -- Adelaide, Bangkok,Brisbane, Hong Kong, Jakarta, Manila, Melbourne, Perth, Seoul, Singapore,Sydney and Taipei. The programme is keen to recruit startups from theHospitality, Food & Beverage, Real Estate, Financial Services, and Media& Communications verticals, although promising ventures in any industrywill be considered. It is preferred but not required for applicants to providea tech-based solution. Application deadline is 31 October 2019.
"Innovation, collaboration andentrepreneurship have always been the core values of Stan Group, and The STILE Initiativeis the platform designed to foster engagement between corporations andentrepreneurs. The programme isalso a major step towards a commitment to our mission -- creating shared value,which we hope to accomplish by nurturing the next-generation entrepreneursacross Asia." Said Mr. Stan Tang, Chairman of Stan Group, "I am verypleased to witness the immense development of the teams under The STILE Initiative; and to be a catalystfor the development and prosperity of the commercial ecosystem. I look forwardto commencing the Cohort 2 programme, and maintaining a continued collaborationwith the existing cohort teams."
Formore information about the STILE Initiative and the recruitment details, pleasevisit https://www.stileapac.com/.
About Stan Group
StanGroup (Holdings) Limited ("Stan Group" or "the Group") is a leading conglomeraterooted in property with a wide array of diverse businesses. Committed tosustainable business development and social investment, the Group manages aHK$60 billion real estate portfolio in strategic partnership with the TangShing-bor family and operates more than 40 respected brands across fivebusiness pillars: property, hospitality, communication services, financialservices and The STILE, innovative businesses with social purposes. Dedicatedto innovation, collaboration, human focus and entrepreneurship, the Group'score values empower it to achieve the vision of driving the vibrancy ofsociety, and the mission of creating shared value (CSV) for shareholders,business partners, customers, employees and the community at large.