The STILE Initiative Cohort 2 Calls for Application from across Asia-Pacific

Startups, Investors and Industry Leaders Gather to Share Ideas for the Future at the Cohort 1 information Night

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HONG KONG, CHINA - Media
OutReach - 8 August
2019 – Stan Group (Holdings) Limited (“Stan Group”) announced
The STILE Initiative (“the programme”), the investment-backed residential
incubation programme, has progressed to the recruitment for Cohort 2, at the inaugural
Information Night on 1 August 2019.  At the
Information Night, five selected incubatees of the programme’s Cohort 1 presented
the growth and development of their business to Stan Group executives,
investors and other industry leaders. This was achieved through the development
of commercial relationships and contracts with Stan Group members, while in
parallel through the participation in boot camps, workshops, networking
sessions, mentoring and forums which are aimed at providing training and
guidance on the required skills a startup should possess in a holistic approach,
during the four-month programme.

(Centre, back row) Mr. Stan Tang, Chairman of Stan Group and Founder of the STILE Initiative, startup teams, mentors and industry leaders gather at the Cohort 1 information Night, to share ideas for the future

Founded
by Stan Group and co-organised by Jumpstart Media, The STILE Initiative is a residential
incubation programme for international startups. Inaugurated this year, the Cohort
1 has attracted applications of over 500 startups from 11 cities in Asia
Pacific. After multiple rounds of interviews, five companies were selected to
participate in the four-month programme, with accommodation, office space, and
stipend provided. The selected companies focused on a range of innovative
technologies in areas such as digitization of assets, portfolio management for crypto
assets, microfinancing, hotel reservation, and property management. Stan
Group’s associated business units and strategic partners provided opportunities
for startups to take on contracts and accumulate real-world proof of concepts
and revenue. As a result, 60% of the teams have obtained commercial contracts,
while 40% of the teams have confirmed investments.

The recruitment
for the Cohort 2 of the STILE Initiative has begun. A maximum of 10 startups
will be selected from 12 cities across Asia Pacific — Adelaide, Bangkok,
Brisbane, Hong Kong, Jakarta, Manila, Melbourne, Perth, Seoul, Singapore,
Sydney and Taipei. The programme is keen to recruit startups from the
Hospitality, Food & Beverage, Real Estate, Financial Services, and Media
& Communications verticals, although promising ventures in any industry
will be considered. It is preferred but not required for applicants to provide
a tech-based solution. Application deadline is 31 October 2019.

“Innovation, collaboration and
entrepreneurship have always been the core values of Stan Group, and The STILE Initiative
is the platform designed to foster engagement between corporations and
entrepreneurs.  The programme is
also a major step towards a commitment to our mission — creating shared value,
which we hope to accomplish by nurturing the next-generation entrepreneurs
across Asia.” Said Mr. Stan Tang, Chairman of Stan Group, “I am very
pleased to witness the immense development of the teams under The STILE Initiative; and to be a catalyst
for the development and prosperity of the commercial ecosystem. I look forward
to commencing the Cohort 2 programme, and maintaining a continued collaboration
with the existing cohort teams.”

For
more information about the STILE Initiative and the recruitment details, please
visit https://www.stileapac.com/.

About Stan Group

Stan
Group (Holdings) Limited (“Stan Group” or “the Group”) is a leading conglomerate
rooted in property with a wide array of diverse businesses. Committed to
sustainable business development and social investment, the Group manages a
HK$60 billion real estate portfolio in strategic partnership with the Tang
Shing-bor family and operates more than 40 respected brands across five
business pillars: property, hospitality, communication services, financial
services and The STILE, innovative businesses with social purposes. Dedicated
to innovation, collaboration, human focus and entrepreneurship, the Group’s
core values empower it to achieve the vision of driving the vibrancy of
society, and the mission of creating shared value (CSV) for shareholders,
business partners, customers, employees and the community at large.