Saturday, July 2, 2022
Saturday, July 2, 2022
Home Columnists Hong Kong’s Fosun Launches Fourth Edition of Its Global Acceleration Program “Protechting”

Hong Kong’s Fosun Launches Fourth Edition of Its Global Acceleration Program “Protechting”

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Fosun, Hong Kong’s investment firm and its portfolio companies Fidelidade, Luz Saude and Hauck & Aufhauser have announced the fourth edition of– Protechting – a global startups acceleration program targeting Healthtech, Insurtech and Fintech venturers from across the world.

The Protechting program, developed with the support of Beta-i, is working with 33 startups from its first three editions and, so far, five startups have signed commercial agreements, contributing to the creation and implementation of innovative solutions.

Following the success of previous editions, this fourth edition, dedicated to the promotion of international entrepreneurship, strengthens its global scope.

The Peruvian insurer La Positiva Seguros y Reaseguros will join for the first time.

In this edition of the acceleration program, Fosun and its portfolio companies also aim to attract Healthtech, Insurtech and Fintechstartups through partners and entrepreneurial events in South America, Africa, Europe, Chinese Mainland and Chinese Macao.

According to Guo Guangchang, Chairman of Fosun, “Innovation makes the world develop and human beings progress. For companies, the importance of innovation is even more evident. Through Protechting, startups are bringing innovation in areas Fosun and its portfolio companies can all relate to. As long as we really invest more in innovation, we will have more opportunities in the future”.

This year’s edition will also focus on social entrepreneurship, seeking to integrate startups with added value to the community in terms of social sustainability.

Michael Bentlage, CEO of Hauck & Aufhauser, stated the firm is looking for the best-in-class RegTech and WealthTech solutions. For Isabel Vaz, CEO of Luz Saude the Protechting Program allows it to continue to be close to the most innovative solutions in the areas of international healthcare and health management.

The applications of the fourth edition of Protechting will be open from July to September. The selection phase will take place between September and October and the Pitch Day to access the Bootcamp will take place in November.

Protechting 4.0’s top three final projects will be awarded a roadshow in China, with access to some of the world’s largest investors. The winner, with the best business project, will be awarded with a monetary prize of 10 thousand euros.

Positioning itself more and more as an international acceleration program reference, Protechting has staged three editions and attracted a total of 494 startups from 42 countries.

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