ooosh for startups
We are an Integrated Venture Capital Firm offering a free incubation program to help make your startup investment-ready.
We do this by offering a zero up-front fee incubation program, direct investments into startups, as well as strategic growth marketing, mentor matching, and IPO or M&A support.
OOOSH HONG KONG
6/F, 101 King's Road, North Point,
Hong Kong, Hong Kong
+852 2155 0999
OOOSH KOWLOON
+852 2785 8588
Unit 803, 8/F, 479 Castle Peak Rd., Cheung Sha Wan, Kowloon, Hong Kong
© 2020 By Ooosh Limited | Term of Use | Privacy Policy
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OOOSH TECH LAB
Let's Thrive in Digital Transformation
Ooosh Tech Lab is an innovation and entrepreneurship powerhouse addressing challenges and obstacles in Digital Transformation.
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General Enquiries
We welcome collaboration enquiries of any sort. Please leave us a message and we will get back to you as soon as possible.
Semi-Tailored Program
3 To 6 Months
Of weakness-focused Incubation. Duration is dependent on the stage of the startup.
Incubation Fee
$0
OTL Invest In Return Of
~1.25%
In return on future equity
Investment Referral Fee
10%
PROGRAM TERMS
#1 FOCUSED
Innovative Software Solutions Solving One Particular Untapped, Inefficient Problem
#2 PROTOTYPE-READY
Teams Should Have A General Idea On What They Wish To Build
#3 TECHNICAL
Have At Least One Technical Co-Founder
#4 LOCATION
Geographically Based In Hong Kong Or South East Asia
OUR INVESTMENT CRITERIA
Investment
We act as your lead investor, proving to other Angels that your company has been vetted, validated and deserves support. This helps to kickstart your fundraising in return for 1.25% of future equity.
Regional Funding
Kick-start your fundraising with institutional and angel investors across South East Asia to build interest and momentum for your business.
Follow-On
Funding
Automatically eligible for future rounds of follow-on fundings by Ooosh Tech Lab.
Strong Fundamentals
Build the core foundation of a true enterprise around your technologically innovative idea to set yourself up for real growth and sustainable, long-term business success.
Regional
Exposure
Through exclusive demo days and events, you can share your business with our extensive network of investors, potential customers, and employees across Asia.
WHAT YOU GET
Coworking Space
24/7 Access to our Coworking Space in Hong Kong
WHAT OUR TEAMS SAY ABOUT US
We have gained invaluable insights and domain knowledge from the Ooosh team and business experts among their network. We are grateful for the help and advice since day one of our startup journey from their passionate team.
Edwin Wong
Co-Founder and CEO of Cloudbreakr
Jeffrey and Alex’s styles are very personal. They spent a lot of time with us to understand our needs and difficulties in order to provide the most relevant and practical advice possible. This also means they were knowledgeable enough to filter investors that best suit our needs very well, resulting in a higher ability to secure investments.
Jordan Chung
Co-Founder and CEO of KrunchData
We are excited to have Ooosh Tech Lab on board. There are a few VC's in Hong Kong with a Travel-Tech acumen and expertise and Ooosh Tech Lab is one of them. The team is very hands-on supporting the founders with advice, resources such as office space, and access to a network of investors that would have been hard for us to reach. We are confident that working together will bring more success to our venture.
Sebastian Rezaccci
Co-Founder and CEO of TripGuru
We are grateful to be part of the family. As a startup, you want to work with investors and mentors you can trust and rely on, and the Ooosh team is definitely one of them. Not only is the team experienced and helpful, but once they invest in a company, they trust and support the company to fulfill its mission during each step of the way. We are glad to have the team with us as we continue to grow.
Simon Lau
Co-Founder and CEO of Zectr
Edwin Wong
Co-Founder and CEO of Cloudbreakr
Edwin Wong
Co-Founder and CEO of Cloudbreakr
Edwin Wong
Co-Founder and CEO of Cloudbreakr
Coworking Space
Growth Acceleration
Regional Expansion,
Playbook Formulation, and Market Activation.
In Partnership w/ Houston Collective
Management Advisory
OTHER STARTUP SERVICES
STARTUP RESOURCES
Embracing Ubuntu, the concept of togetherness and community - “I am because we are”, we have opened up our Resources Library to everyone.
What was meant to be exclusive for our incubatees, portfolio teams and coworking members, anyone can now purchase a lifetime membership to our collective of up-to-date resources on innovation, technology & entrepreneurship for USD9.95 (no hidden fees or credit card information stored).
Incubator, Accelerator & VC Rolodex
Knowledge Database
Productivity ToolKit
Document Templates
Promotions & Discounts
Frequently Asked Questions
Why should I join Ooosh Incubator?
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Compared to other government and private programs on the market, Ooosh's Incubator is personalised with weekly one-on-one mentoring with Ooosh's Investment General Partners and relevant industry mentors within our network.
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Our program is also designed to ensure startups are on the right track to becoming an investible, viable business upon graduating. We have a 50% graduation rate and 100% of them secured investments from our network.
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Our program is designed in a way where all our interests are aligned - for example, in areas such as incentives to complete the program in a timely manner, build traction for fundraising, and fulfilling potential investors’ concerns.
How much funding am I getting from the incubator?
Graduates of the incubator will get a minimum USD10,000 investment from Ooosh. The purpose of our investment is not primarily to fuel the finances, but more as an institutional validation in the team and giving graduates a head start in their fundraise.
Ooosh will also be making follow-on investment in our graduates' next fundraising rounds.
What is your investment criteria?
We have 4 core criterias for investment:
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Focus - is your idea an innovative software solution solving one particular untapped, inefficient problem
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Prototype ready - you should have a general idea on what you wish to build
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Technical - you must have at least one technical co-founder that has the ability to build, or lead a team to build, your software
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Location - must be geographically based in Hong Kong or South East Asia
Will OTL charge fees on investments that are not referred by OTL?
No, we will not. We will upkeep an investor list for each of our teams in order to track investors we have specifically referred. Investors that have not been referred by us will not be charged.
How will the 1.25% future equity be structured?
It will be constructed as a SAFE where we will receive 1.25% at your next equity raise. To learn more about a SAFE, follow this link.
Is the program fixed with a minimum of 3 months?
The short answer is yes. However, teams will be assessed on a case-by-case basis. If teams appear closer to being investment ready, we may, and have, reduced our program duration accordingly.
Incubation program for structuring.
During our program, our partners will work closely with your startup in a structured yet tailored program focused on work ethic, team chemistry, strengths & weaknesses, people development, operational advisory, and growth-focused KPIs.
We support startups with three separate mechanisms:
Ooosh Tech Lab acts as your lead investor.
Upon completing our 6-month incubation program, we will make an investment into your startup to kick-start your fundraising round and help to introduce you to other relevant investors within our network across South East Asia.
Investor sourcing and closing.
We carefully match you with relevant, strategic investors across our network within South East Asia to help you raise your initial Seed round. We will closely manage this process, helping to facilitate connections and build strategic alliances.
Investment Referral Fees Explained
Our fees are only taken when we successfully refer investments to our incubatees. These fees help to cover our collective time and effort spent during incubation to prepare startups to become investment-ready. Other famous programs charge similar fees as well, but structure it as a fixed deduction from capital promised upfront. For example, you can find out more about 500 Startups’ incubation fee here.
After the incubation program is complete, is our relationship over?
Far from it. As we are an intimately structured program with tailored 1-on-1 support, we are highly selective with our startups to ensure we provide them with the support they need to grow in the long-term. That being said, we provide mentorship sourcing and matching as well as growth marketing, M&A, and IPO support.
Are your fees guaranteed?
At Ooosh, we have chosen to structure our fees via a performance-based mechanism instead, where we are only paid upon successfully connecting and facilitating relationships between strategic and relevant investors and the startup. Through this mechanism, the startup always maintains the choice to accept the offer, or to raise some, if not all capital, at the end of the program from their own network. Our fees do not apply to any capital raised without our introduction. This outcome is fruitful for us as startups being able to raise capital on their own is a marker of success and will prove fruitful for all investors, including us, in the long term.
What do these fees cover as it relates to the support OTL provides for my company?
We have thought extensively about this fee structure and believe this is the best way to work with our incubatees in a manner that supports their growth and success. Our incubation program exists purely to provide early-stage entrepreneurs with the support they need to raise their first round of funding, should they require the help. This program was structured to fill a gap in the market we feel exists, especially in Hong Kong, where some promising domain-expert entrepreneurs don’t have the 1-on-1 support they need to turn an idea into an investable tech business. Our time is given for free, and our fees are only taken if we successfully fulfill our promise of making our incubates investment-ready by closing a deal for them at the end of the program. If you have any further questions, feel free to reach out to us to discuss.
