Earlier this week, Hong Kong investment company, Infiniti and Nest, announced the launch of its 12-week startup development program called Infiniti Accelerator 2.0.
According to the company, the second edition of the Infiniti Accelerator will continue with its previous theme of smart cities but will also focus on connectivity technologies as well. The program is a part of Infiniti and Nest’s commitment to encourage innovators, embrace an entrepreneurial spirit and support urban development.
Each startup through the acceleration program is mentored by specialists in the following areas: vehicle connectivity, smart cities, hardware, manufacturing, transportation, technology and entrepreneurship. At the end of the 12-week program, each company will have the opportunity to pitch their business for funding and partnership at Infiniti and Nest’s exclusive Investor Demo Day.
Roland Krueger, president of Infiniti Motor Company, stated:
“The Infiniti Accelerator is a key part of Infiniti’s initiative to promote entrepreneurial spirit in the community. With the initial success of the first program in Hong Kong last year, we plan to expand this initiative to other cities around the world later this year, including Beijing, Shanghai, Singapore, Kuala Lumpur and Dubai .We expect to see more forward-thinking solutions that will further enhance the quality of people’s lives and empower the drivers through vehicle connectivity technologies.”
Nest CEO Simon Squibb commented:
“We are extremely proud of the eight startups that came through our first ‘Accelerator’ in Hong Kong. Through a best-in-class curriculum, direct access to inspirational mentors and introductions to investors, these companies have all capitalized on the opportunities available to them during the program. The success of the first cohort is validation that accelerators continue to add huge value to entrepreneurs and startups and we are excited to be scaling with Infiniti to offer these programs in a number of new regions around the world.”
The first Infiniti Accelerator program, which started in September 2015, reportedly attracted more than 140 applicants. Eight startup companies were selected for the program.