IT Entrepreneurship Talk - City University of Hong Kong

City University of Hong Kong

IT Entrepreneurship Talk

Edison Wong2015 Jan 27th

Wong Hoi Sing, Edison● CEO, Founder, PantaRei Design

– 2009, PantaRei Design founded

– 2010, HKFYG YBHK applicant

– 2011, ITF SERAP applicant

– 2011, HKSTP Incu-Tech applicant

● FOSS and Drupal Developer, Contributor and HKDUG Co-founder

– 2000, Debian GNU/Linux 2.2 ('potato')

– 2005, Drupal Developer

– 2008, BarCamp HK Speaker

– 2008, HKDUG Co-founder

– 2011, Drupal 7.x Core Contributor

● [email protected]

● https://www.drupal.org/u/hswong3i

PantaRei Design● Everything Changes and Nothing Remains Still● Reinvent Enterprise with Open Source Software and Cloud Computing● Hong Kong based FOSS service provider

– Content Management System (CMS) with Drupal– Cloud Hosting Solution with Amazon Web Services (AWS)– Team collaborate solution with Atlassian

● Business Partner with industry leaders– 2012, AWS Consulting Partner– 2013, Acquia Partner– 2013, Atlassian Experts– 2014, Rackspace Hosting Partner

PantaRei Design (cont.)

● History– 2010

● Founded by Edison Wong● Applicant of The Hong Kong Federation of Youth Groups (HKFYG) Youth

Business Hong Kong (YBHK) Programme

– 2011● Applicant of Innovation and Technology Fund (ITF) Small Entrepreneur

Research Assistance Programme (SERAP)● Applicant of Hong Kong Science & Technology Parks (HKSTP) Incu-Tech

Programme

– 2014● Graduate as HKSTP Talent

Outline

● Lean Startup● Business Model Generation● Agile Management● 3-3-3 Principal● Resources for Getting Start

Lean Startup● Scientific Approach

– Creating & managing startups

– Getting desired product to customers' hand faster

● Work smarter, NOT work harder● Validated Learning

Business Model Generation

● A strategic management & entrepreneurialtool

● To design, describe, challenge, invent yourbusiness model

Agile management

● Flexible & Interactive● Complete small portions of deliverables in

each delivery cycle● Include customer collaboration

3-3-3 Principal

● 1 = Monthly budget– e.g. HKD100K for a 5 members team

● 3 = 3 Months overall budget– e.g. HKD100K x 3 = HKD300K

● 3-3-3 = 9 Months business plan– HKD300K Cash

– HKD300K Account Receivable

– HKD300K Opportunities

Resources for Getting Start

● YBHK● Microfinance Scheme● Incubation Programmes (by HKSTP)● Incubation Programmes (by Cyberport)

Q&A

References

● http://theleanstartup.com/

● http://www.businessmodelgeneration.com/

● http://www.agilealliance.org/

● http://ybhk.hkfyg.org.hk/

● http://www.hkmc.com.hk/eng/pcrm/ourbusiness/mf.html

● http://www.hkstp.org/en-US/Services-Programmes/Incubation-Programme/Overview.aspx

● http://www.cyberport.hk/en/about_cyberport/our_5_centres/entrepreneurship_centre/about_ec_incubation_programme/about_ec_incubation_programme_about_the_programme

Thank You

● Please feel free to contact us:– Unit 326, 3/F Building 16W, No.16 Science Park West Avenue,

Hong Kong Science Park, Shatin, N.T.

– +852 3576 3812

– http://pantarei-design.com/

– [email protected]

● We Are Hiring!!– UI/UX Designer

– Web Developer

– System Architect

– [email protected]