Beta Foundry was founded in Hong Kong. For the location of the program, we are still looking at different options to host the boot camp, where teams will be required to live and work full-time for 3 months.

We have taken similar concepts such as Y Combinator in the US and Seed Camp from Europe and brought it to Asia, the largest and fastest growing internet and mobile markets in the world.

Our competition will be held on a yearly basis.

Beta Foundry provides mentors and experts to provide coaching and support in your needs in starting up a company.

We are not looking for investors into Beta Foundry but startups will likely be looking for investors. If you are interested in investing, please contact info@betafoundry.com.

We've invested in and/or launched companies including MoMedia, Aiya!, Razz, DragonPorts, DaiBiao, Charged Media, Exicon, and Bomeiti.

The first step is for you to complete our online application process. Our selection team will go through every application and choose the top 20 teams who will be invited to our Immersion Week. Then it will be narrowed down to the best 5 teams after a pitching competition.

The best 5 teams will get USD50K in seed funding which should help you build your prototype if needed, prove your concept and build your business plan until you receive your next round of funding.

If you are chosen as one of the 5 teams, you will receive USD 50K during the 3-month boot camp as you meet your milestones.

You will have a chance to receive additional funding through our network of VCs and pitch to them at Week 10 of boot camp. The amount of funding will be based on your needs and the VCs discretion.

Yes, you may seek funding from other investors after you receive funding from Beta Foundry and graduate from boot camp. However, we will provide you with opportunities to meet with a network of VCs to help you get additional funding so you can use your time to build your startup.

We get 10% equity stake of your company for the USD50K investment we make. It will be a straight investment without rights and we only take a small stake because we believe founders should be motivated to build and grow their own companies without spending much time with reporting and additional commitments.

A team consisting of technical experts, VCs and mentors will review the initial applications received online and select a short-list of teams. These teams will be interviewed by phone and down selected to the top 20 teams. These 20 teams will go through Immersion Week where the best 5 teams will be selected by a panel of judges.

Teams will be judged on the technology, how innovative the idea is, the business model, the quality of the team and their pitch presentation.

You can apply online through our website by the specified deadline.

Application dates are being finalized. We will post details soon.

Yes. Members of the team should all be resident in Asia for the application to be considered.

We prefer if you have not yet incorporated your company as it will be more difficult to change the structure of the company. But if you think you have a great idea, you should submit your application.

We are more favorable to teams which already have a working prototype but this is not a requirement. However, if you don't have a prototype we expect you to develop a working one during boot camp to demonstrate the concept.

It will be very unlikely you will be selected as we believe it takes a team to make a startup happen. We also believe 2 or 3 heads are better than one. If you are on your own, we strongly encourage you to find partners who can bring different skills and add value to your startup.

You may apply for them separately.

We highly encourage your startup write your own software. Although we will not disqualify a team for not writing its own software, it will be less likely to be funded.

Beta Foundry will provide a platform on its website where startups and jobseekers can interact. We will post your job specs on our site as well as other targeted web partners for maximum exposure.

Feel free to forward our information to your friends. Another great way to let other students know is to announce it in class or let your faculty and administration know about the opportunity. If your school has an entrepreneur program, it would be the perfect platform to promote Beta Foundry and/or partner with us.

Immersion Week is 5-day event where the selected 20 teams will have a chance to fine-tune their presentation skills and ideas and present to a panel of judges to be selected as one of the 5 best teams. These 5 teams will receive funding of USD50K.

There will be a 2-day workshop where teams can interact with mentors and experts and fine-tune their pitches. The next 2 days, teams will have 15 minutes to pitch their ideas to a panel of judges consisting of experts, VCs, and mentors. The last day will be the announcement of the 5 winning teams, a recap of the week and networking opportunities.

Boot camp is a 3-month full-time program where the 5 selected teams will work on building their prototypes and a 2 year business plan. Weekly meetings with be organized with mentors and experts who will provide support and guidance. Business plans are to be submitted in week 4 and demonstration of your prototype to VCs at week 10.

You should have a working prototype and a 2-year business plan. At week 10 of boot camp, you will have an opportunity to pitch to VCs to receive additional funding. At graduation day, you will find out the results of the pitch.

Yes, we believe it is the best way to quickly and effectively build your company. Being based in a metropolitan city where you have easy access to resources, mentors, and VCs will be key to your success. We also expect you to be 100% focused and dedicated to building your business.

Beta Foundry will reimburse your travel expenses after it has been approved prior to your journey.

You will live in living quarters provided by Beta Foundry.

You will have weekly meetings with mentors and experts to help you with practical issues relating to starting your business. We will also provide an office space where you can work, collaborate and have weekly meetings with mentors.

Yes, we expect 100% full commitment to your startup. We believe this is what is required to launch a tech startup.

At week 12 you will find out the results of the pitch you made 2 weeks before to a panel of VCs. Feedback will also be provided on the pitch by the VCs. We will have a small "graduation" ceremony for the 5 teams and teams will share the lessons learned and takeaways from Boot Camp.

During boot camp you will have developed your plan and have had opportunities to find additional funding. We expect you to run your company independently and take your company to the next level. As a stakeholder, Beta Foundry will offer advice and support as needed and have regular scheduled meetings.

Mentors are experienced tech entrepreneurs who have reached a significant level of success and/or is a leader/expert in his/her field. The role of a mentor is to provide inspiration and guidance as well as practical advice to young entrepreneurs. These can include lessons learned, sharing their experiences, practical tips to technical and business issues.

We are currently growing our list of mentors, who are founders and experts in technology, sales and marketing, human resources, investment, operations, etc.