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San Francisco’s ReadWrite Labs Debuts in Hong Kong

The new Hong Kong accelerator is set to drive IoT innovation and entrepreneurship across Asia while propelling IoT development globally

ReadWrite Labs (formerly Wearable IoT World Labs) is an innovation hub in San Francisco that serves the Internet of Things (IoT) and wearables community with customised accelerators, advisory services, publishing services and conference organisation. Being the world’s first accelerator focusing on the IoT, wearables and emerging technologies, the company envisions itself to be a leader behind the driving force in IoT innovation for brands, businesses, government and bright minds.

San Francisco’s ReadWrite Labs Debuts in Hong Kong

Entering Asia’s World City

With Hong Kong widely renowned as an international hub and the key gateway to Mainland China, ReadWrite Labs made its Asia debut at Hong Kong Cyberport in May 2016 with the launch of the US-Pan Asia IoT Superhighway Accelerator. Offering a curriculum customized for the Asian markets, the accelerator in Hong Kong aims to foster bright entrepreneurial talent with a comprehensive array of services, including tailored mentorship, education, office space and business services that strengthens collaboration between local and global wearable and IoT sectors.

“With the support from the HKSAR Government and InvestHK, Radiant Venture Capital, Cyberport and our local partners, we have successfully extended ReadWrite Labs’ expertise from the US into Asia through a full suite of services for startups and enterprises. These services help our companies excel in IoT, wearables and emerging technologies, bridge the gaps in the startup community and connect dispersed efforts and resources. This signifies a long-awaited milestone in our commitment to building a trusted platform for knowledge exchange and nurturing a sustainable IoT innovation and entrepreneurship ecosystem in Hong Kong and around the world,” Kyle Ellicott, Chief Labs Officer and Co-Founder, Wearable IoT World Labs (now ReadWrite Labs), said.
The accelerator will be a catalyst for visionaries to execute game-changing revolution in the wearables and IoT ecosystem. With a base in Hong Kong, it will continue to expand its support for wearable and IoT startups in other Asian markets, including Shenzhen, Singapore and Southeast Asia.

“Hong Kong provides a strong government infrastructure dedicated to supporting startups, convenient cross-border facilitation between Hong Kong and overseas investors, close proximity to Chinese manufacturers, as well as the availability of global professionals from various business streams. We see great potential in Hong Kong for startups entering the Asian marketplace,” Ellicott said.

ReadWrite Labs was first introduced to InvestHK in San Francisco through a mentor. Since then, the InvestHK teams in San Francisco and Hong Kong have been extremely helpful in providing advice and support for ReadWrite Labs’ smooth set-up in the city.

“It’s an absolutely wonderful feeling that we have such a trusted partner as InvestHK located in both cities who will not only take care of our needs, but also our startups today and in the future,” said Ellicott.

Friday, September 8, 2017

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Fast Facts

  • Established in 2013 and headquartered in San Francisco
  • Its business model uniquely blends the best of venture acceleration, entrepreneurial mentorship, corporate strategic partnerships and media into one thriving community
  • Accelerated over 90 startups, in 15 countries around the world including Hong Kong

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