A Hong Kong insurtech startup has secured a spot in an investor-funded business accelerator program.
The startup, Seasonalife, provides a one-stop online platform for licensed insurance advisors to compare products from various insurance companies in Hong Kong.
Seasonalife is one of seven Hong Kong companies chosen for the development program, under the banner of the Hong Kong X Technology Fund. Several of the startups will transfer into the fund’s X-LAB co-working space during the program’s duration.
Hong Kong X Technology Fund did not reveal the amount of investments it made in each of the firms, as well as the percentage of equity it would gain from the startups, according to Tech in Asia.
“This is our first round of investments into early stage companies in Hong Kong,” said Neil Shen, chairman of Hong Kong X. “We see tremendous growth opportunities for these high-tech startups which have been nurtured by local academia, overseas returnees, and governmental incubation programs like Hong Kong Science and Technology Parks and Cyberport.”
The fund is under the Hong Kong X-Tech Startup Platform, which is backed by Sequoia Capital China, where Shen is a founding managing partner. Other partners at the Hong Kong X project include Professor Zexiang Li of the Hong Kong University of Science and Technology and Professor Guanhua Chen of the University of Hong Kong.
A few days ago, the fund opened a new X-LAB co-working space in Jordan.
The other startups chosen were pharmaceutical/biotech firm BacMuno, programmable research company Efinix, computing and AI firm eTopus, vaccine researcher PreciVax, bio-imaging startup NanoBioImaging, and imaging system supplier SmartSens.
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