General

What role will INFINITI play in the accelerator?

INFINITI is committed to supporting entrepreneurs and startups globally. Through this programme we’ll provide mentorship from carefully selected business leaders and experts, not only in SmartCity but also in funding, marketing, PR, scaling, running concepts, pilot testing and more. INFINITI will support the companies accepted into the programme by providing mentors, visibility and network opportunities. Founders will also benefit from Nest’s global network of investors, corporates and startups.

 

What are the networking and educational opportunities provided during the programme?

Throughout the programme you’ll be surrounded by like-minded entrepreneurs and teams. This will give you an excellent opportunity to build strong working relationships, learn from others’ experiences and also share your own. Each week the programme includes compulsory educational seminars but we also provide access to a calendar of educational workshops happening across Hong Kong.

 

Will all the mentors come from INFINITI?

No. Some will, but the majority will be a network of entrepreneurs and business leaders in Hong Kong and the region. Many are listed at www.nest.vc/team.

 

What if my company is not an expert at developing SmartCity/IoT solutions?

We’re not looking for experts, just creative startups with a visionary attitude and inspiring ideas. You’ll get access to Nest and INFINITI’s experts in the field. All we ask is that you’re capable of building your own solution, have the drive to make it happen, and are focused on the potential of your startup.

 

What size of company is INFINITI looking at for this programme?

We’re focused on startups so these tend to be small businesses consisting of a founder or perhaps a team up to about five. However there is no official limit on the size of the company applying. We’re particularly interested in SmartCity solutions that can be quickly brought to market and will be ready for beta testing or launch at the Investor Demo Day.

 

Does my business need to be a B2C or B2B business?

It can be either.

 

Is there a cost to apply?

The programme is free for startups. INFINITI will cover some of the costs associated with one founder moving to Hong Kong for the duration of the programme.

 

Will you arrange my visa?

Yes, this will all be arranged once you’ve been accepted into the programme.

 

What is a typical day like for an INFINITI accelerator participant?

We’re pleased to say there’s no such thing as a typical day. Throughout the programme you can expect somewhere in the region of 100 potential meetings with mentors, venture capitalists, CEOs, innovators and industry visionaries.

Application process

How does the application process work?

Interested startups can apply online through our dedicated F6S application page. It includes a few simple questions about your company and your team. You’ll have the opportunity to include a video that describes your business.

 

How detailed does my idea need to be in the application?

In this initial application process, we ask applicants to describe market opportunity, the team, the concept that you want to take forward and how you plan to execute it. The more information you provide, the easier it is for us to assess the full potential of your business.

 

Do I need to send in a business plan?

No, just complete the online application.

 

Is my age a factor in your selection process?

No.

 

When is the deadline to apply and what’s the overall timeline?

See our Programme Timeline for full details.

Funding

How can participants receive funding after the INFINITI Accelerator ends?

You’ll have the opportunity to showcase your product or service at Investor Demo Day, where a range of potential investors including venture capitalists and influential industry leaders, will see your proposition and listen to your pitch.

 

Will Nest invest in my company?

As a condition of inclusion in the programme, Nest will sign an option agreement to invest in your company at a mutually agreed upon price. This option must be exercised prior to Demo Day and will only be exercised if, after the 3 month period, we jointly feel that Nest can add significant value to your business. As an early stage investor, Nest understands the type of support you need and we are able to provide that support through our expansive network and our ability to market your company globally.

 

When is the Investor Demo Day?

The Investor Demo Day will be held in early Sept. This exclusive event will be closed to the public and the guest list will include key people from our expansive network of industry leaders, investors, venture capitalists and press.

 

Will INFINITI invest in my company?

INFINITI will have the opportunity to invest in your company after evaluating your product and pitch at the Investor Demo Day.

 

Do Nest or INFINITI have to invest in my company?

No. An investment will only be made if all parties are in agreement.

 

Will INFINITI own my IP?

No. Upon acceptance into the programme, your IP and startup remains yours. INFINITI is interested in helping you grow and develop your product. Please refer to the question below on investment and ownership for more details.

Location

Do companies have to be on-site for the entire 12 week period?

We do require that at least one key team member relocate to Hong Kong for the duration of the programme and recommend that you are on-site as much as possible.

 

Does INFINITI provide accommodation for participants?

Some support will be given to those coming from overseas for the programme.

 

Can I apply if our company or founders are not from Asia? Can you help with visa/immigration issues?

Anyone from anywhere can apply. If you’re accepted, you’ll need to have a legal right to be in Hong Kong. INFINITI and Nest will try and provide working visas for successful companies for the duration of the programme. If this isn’t possible, we can put you in touch with agencies and services that can help you with visas and immigration, but we can only do this once you’ve been accepted into the programme.Due to the 12-week duration of the programme, most applicants will need to apply for an extension of their visa or obtain a multiple entry visa. This can only be done when you have arrived in Hong Kong and the process may vary according to country you are from.

Legal

Is a participating company’s product or service guaranteed to be endorsed by INFINITI?

No, there are no guarantees. It’s entirely at INFINITI’s discretion as to whether a participating company’s product or service is taken on and/or endorsed.

NEST

What is NEST?

Nest is a full service early-stage venture capital firm focused on helping startups and talented founders from around the world build businesses that apply and commercialise innovation. Nest also partners with leading corporations to run a series of mentor-driven accelerators in the fields of FinTech, HealthTech and Smart Cities. Designed to support the needs of high potential and fast growth startups, these programmes include a unique mix of resources that enable entrepreneurs to build and scale their businesses rapidly. Startups presently invested in by Nest can be viewed at www.angel.co/nest-investments.

 

Why did INFINITI partner with Nest on this programme?

The INFINITI Accelerator is described as being powered by Nest, meaning that the content of the programme is created and delivered by Nest. Nest is a leader in delivering this field and has a strong track record in bringing innovative and scalable business ideas to market which is why INFINITI has chosen the company to partner with on their second SmartCity programme in Hong Kong again.

 

How to get in contact?

If you have questions about the programme, application, please do not hesitate to contact our NEST team.

 

 

Get in touch

If you’d like to get in touch, please contact us at INFINITI@nest.vc.