Brinc and technology heavyweight, Huawei, have partnered to source high-growth tech startups for the Huawei Spark program.
The program is aimed at bridging the gap between startups and established organizations in the realm of cloud-based computing. Deep-tech startups will gain access to invaluable resources and the opportunity to develop and collaborate with Huawei’s partners. This will enable them to scale their solution to an extensive customer base through experimenting and refining.
Furthermore, startups will get regular coaching and mentoring from enterprise leaders, venture capital firms, government agencies, and Huawei executive sponsors, with a potential behind-closed-door introduction to top-tier VC, large corporates, and government agencies.
Several technologies and capabilities have been identified as the focus fields including AI & Machine Learning, Saas, 5G, Edge Computing and Data Analytics.
Brinc is sourcing companies that are in the post-seed fundraise stage and are already generating revenue over USD$1M. Above and beyond the revenue requirements, it is also essential that the service or product already be commercially available. Businesses should be relevant to Huawei’s clients and markets. Previous Spark cohort members are not eligible either.
The program is led by Leo Jiang, Chief Digital Officer of Huawei Cloud.
“Our goal is to accelerate and develop 100 scale-ups out of 1,000 startups that we are to add to our portfolio in the next three years with our world-leading tech stack and global ecosystems. The partnership with Brinc will contribute to this goal.”, said Leo.
Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. They are committed to bringing digital to every person, home, and organization for a fully connected, intelligent world. They have approximately 197,000 employees, and they operate in over 170 countries and regions, serving more than three billion people around the world.
A geographical focus is placed on companies from Singapore, Hong Kong, Malaysia, Thailand, Indonesia, Philippines and wider Asia.
The access to resources provided through the Huawei Spark program is vital to companies looking to expand and scale their client base. From networking opportunities to financial aid, here are some of the rewards businesses can look forward to if selected:
- Up to USD 125K Huawei cloud credits.
- A chance to attend and pitch at the Spark Founders Summit, network with 50+ Global VC Partners and more than 300 startup founders.
- Startups will get regular coaching and mentoring from enterprise leaders, venture capital firms, government agencies, and Huawei executive sponsors, with a potential behind-closed-door introduction to top-tier VC, large corporates, and government agencies.
- Opportunities for portfolio startups to reach new markets and clients as well as co-create with Huawei.
- Access to a wealth of cloud resources.
- Opportunity to sell to Huawei, sell through Huawei’s marketplace such as the Huawei App store, sell with Huawei global sales force.
A crucial factor underpinning these startups’ successes is their ability to partner with an established organization that can provide deep industry expertise within cloud computing and the opportunity to experiment, refine, and scale solutions to a sizable customer base.
The Huawei Spark program will develop innovative solutions that solve the challenges to meet consumer’s ever-evolving needs. Startups can leverage Huawei’s expertise and resources to grow to previously unimaginable dimensions.
The industry markets of internet, transportation, healthcare, banking and financial services and insurance, education, and media and gaming have been identified due to their importance in the current technological domain. With the rise of big data and the rapid adoption of remote working, cloud computing has never been this crucial in business development and is often the determining factor between a successful startup and an unsuccessful one. Huawei Spark was established to offer opportunities for deep-tech startups to reach new markets and clients as well as co-create with Huawei.
“When searching for global startups with high-potential, we could not think of a better partner than Huawei. They have proven their commitment to supporting startups with the Huawei Spark Program — a unique opportunity to leverage Huawei’s resources. This partnership is a strong step in Brinc’s journey in being the go-to destination for startups that want to scale beyond their home markets.” said Guillermo Ginesta, Managing Director, Brinc Hong Kong.
As Hong Kong’s longest running venture accelerator, Brinc is experienced in sourcing quality startups through operating twelve accelerator programs across six countries. Brinc has a portfolio of 150+ companies, and recently announced their commitment to invest in over 1,000 climate-conscious startups over the next 5 years. In early 2021, Brinc also took over management of the investments into 50 AI-focused companies from Zeroth.ai, an accelerator for artificial intelligence startups. Brinc’s other collaborations include running programs with partners, HKSTP and City University Hong Kong, and partnering with investors and VCs such as Future Health Asia and Blue Horizon Ventures to invest in sector-focused game changing startups. Earlier this month, Brinc announced their partnership with Hong Kong’s latest unicorn, Animoca Brands to launch accelerator program, Launchpad Luna, which will invest in promising blockchain and non-fungible tokens (NFT) startups that are shaping the future of the Web and driving digitalization.
Brinc’s global reach and experience partnering with the mentioned partners and others, place them perfectly to source startups for Huawei’s spark program. Together with Huawei’s extensive network, the pair will be able to support, develop, and collaborate with the selected startups, to transform the next generation of solutions that are offered to customers.
Brinc is a different breed of venture capital and accelerator platform. Core to their business is the belief that some of the world’s biggest challenges can be solved by entrepreneurs, who they like to call GAME CHANGERS. Brinc believes that deep technology-focused startups can fundamentally change how we move, what we eat, how we feel, and where we live for the better if they are given the right backing. That’s what Brinc believes they are here for. To support and mentor founders and their teams from across the world and provide investment to help them grow. Brinc currently operates twelve multi-disciplinary accelerator programs across six countries and has made 160+ investments. Learn more at www.brinc.io.
Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. They are committed to bringing digital to every person, home, and organization for a fully connected, intelligent world. They have approximately 197,000 employees, and they operate in over 170 countries and regions, serving more than three billion people around the world. Learn more at: https://www.huawei.com