Consumer electronics startups to benefit from Global Sources’ industry leading program
Startup Launchpad Pavilion and Conference; online and offline product validation; and startup tech investments
HONG KONG, April 11, 2016 – Global Sources (NASDAQ: GSOL) announced an expanded program for consumer electronics startups:
The startup program will have the support of Global Sources’ leading position and resources within the electronics industry, including its buyer community, online marketplaces and trade shows.
Gregory So Kam Leung, GBS, JP, Secretary for Commerce and Economic Development, CEDB and Cheuk Wing Hing, JP, Permanent Secretary for Innovation and Technology, Innovation and Technology Bureau officiated the opening ceremony at the Startup Launchpad.
Global Sources’ CEO Spenser Au, said: “The demonstrated success of Startup Launchpad highlights Hong Kong as one of the world’s leading startup hubs. Also, our Startup Launchpad is unique with its focus on the fast moving consumer electronics industry, and because it brings the startups together with the investors, manufacturers, and thousands of actively sourcing global buyers who can validate the products and place orders.”
Suzanne Wang, who heads up Global Sources’ investment initiatives said: “Global Sources actively seeks out collaborative opportunities with all participants in the startup community including government agencies, accelerators and investors. Our investment strategy is to co-invest with other strategic investors. We are receiving dozens of applications from startups in Hong Kong, Shenzhen and other regions including the U.S., Europe and Israel. We offer unique contributions as an investor by enabling both online and offline market validation and by connecting startups with volume and quality manufacturers as well as global distributors.”
“Startup Launchpad offers us a new opportunity to tap into trending products and technologies from groundbreaking companies,” said Howard Chen, managing director, Asian Division of Brookstone. “This event gives us an advantage to be connected with more new products and puts us in a better position for our distribution channels in catering to a more competitive market that always has a taste for new innovative products.”
Jonathan Tam, business development manager at Nanoleaf said: “Startup Launchpad is a fantastic platform for emerging hardware startups that are looking for distribution. Buyers that visit have the right mindset to help startups commercialize their products and to find a broader audience. We managed to meet some high quality buyers at the show and have developed long-term business relationships.”
Startup Launchpad at the spring show in Hong Kong
The April 2016 event is expected to have more than 100 startups within the Global Sources Electronics show. The first phase of the show will be held April 11 to 14 with a focus on home, office, and auto electronics; plus security products and electronic components. The second Mobile Electronics phasewill run from April 18 to 21 with a focus on smartphones, tablets, wearable devices and mobile accessories.http://www.corporate.globalsources.com), Facebook and Twitter (/globalsources).
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China.
The core business facilitates trade between Asia and the world using English-language media such as online marketplaces (GlobalSources.com), trade shows, magazines, and apps.
More than 1 million international buyers, including 95 of the world’s top 100 retailers, use these services to obtain product and company information to help them source more profitably from overseas supply markets. These services also provide suppliers with integrated marketing solutions to build corporate image, generate sales leads and win orders from buyers in more than 240 countries and territories.
Now in its fifth decade, Global Sources has been publicly listed on the NASDAQ since 2000.