NEST, Hong Kong’s people-focused investment incubator, is a local driving force in developing Hong Kong as a global hub. With a track record in developing consumer lifestyle businesses, NEST takes a hands-on approach with young companies in their seed and start-up phases.
We spoke to CEO Simon Squibb, and he said that NEST has invested HK $30 million into startups, and plan on following suite this year. “We’re following the Y Combinator model from the US and offering capital and support to Hong Kong-based founders and startups,” he said. “We will co-invest with others and expect to push over HK $100 million into the Hong Kong startup scene over the next 18-24 months.”
