Hong Kong Firms Unveil Logistics And Supply Chain Accelerator

Mount Parker Ventures is partnering with Brinc for the launch of an accelerator program to invest in startups building logistics and supply chain solutions.

The connected logistics market is expected to grow at a CAGR of 33% by 2023, with the APAC region forecasted to witness the fastest growth. The first quarter of the year saw a record high of deal activity, demonstrating the scope and potential of this sector to those with the right ideas, acumen and access.

This new program will be Brinc’s first dedicated Logistics and Supply Chain accelerator in Hong Kong. Hong Kong has a rich history of being a logistics hub and has been home to one of the world’s top 10 busiest ports over the last 20 years. Since the creation of the Greater Bay Area, the movement of goods and people in the region is poised to continue to grow with the population expected to be over 100 million by 2030. In order for the region to achieve its growth aspirations, a robust infrastructure with strong automation and talent will be required. This starts with investments in strong and experienced founders that can help provide these sustainable solutions.

Startups accepted into the three-month accelerator program will receive a cash investment of USD $100,000. The program will focus on commercialization by facilitating distribution opportunities and corporate engagements with leading companies to help startups successfully take their products to market.

You May Also Like

Leave a Reply

Your email address will not be published.