The two organizations will focus on driving financial technology innovation and entrepreneurship in both Hong Kong and Canada.
As part of the partnership, Cyberport and MaRS will work to identify business acceleration opportunities for ventures from both hubs, help facilitate relationships with the financial industry in Canada and Hong Kong, and enable collaboration on joint entrepreneurship programs focused on fintech, wearables, big data and payment technologies.
Led by Dr. Ilse Treurnicht, CEO, MaRS focuses on helping Canadian startups grow internationally through partnerships with Startupbootcamp in the United Kingdom, Cubo in Brazil and the Singapore FinTech Consortium. In the last three years, these ventures have raised $1.3 billion in capital and earned $640m in revenue. In addition to helping startups launch, grow and scale, the MaRS community is dedicated to cross-disciplinary collaboration, commercialization of discoveries and driving ideas to impact.
Managed by Hong Kong Cyberport Management Company Limited, which is wholly owned by the Hong Kong SAR Government, Cyberport is a digital cluster with over 600 community members which aims to establish itself as an information and communications technology (ICT) hub in the Asia-Pacific region.