On the StartmeupHK Venture Forum of this week, enterprise tech accelerator Venturetec launched with the aim of bringing together the corporate and startup worlds. Venturetec is a 6-month accelerator program run in both Hong Kong and Sydney. It is also the first accelerator exclusively for enterprise technology startups in the Asia Pacific region.
The accelerator will accept its first batch of startups in early 2014 and will focus on building globally competitive enterprise technology companies. Venturetec is looking to capitalise on the lucrative corporate IT market, which Gartner forecasts will grow to almost $US3.9 trillion by 2014.