HAX UPDATE at TechCrunch Shenzhen 2017
We recently sat down with HAX, the world’s largest hardware accelerator, we got all their juicy updates from the last time we spoke and drilled them down on:
1. What’s special about Shenzhen?
2. What do you look for to invest?
3. What are some hidden challenges that startups face?
About Their Company:
They are a seed accelerator focused on hardware startups based in Shenzhen and San Francisco. Founded in 2011 with offices in Shenzhen and San Francisco, they have been recognized as the world’s most active early stage investor in hardware. How does it work? The program selects startups among hundreds of applicants for investment and offers on-site support and mentoring in exchange for equity over a period of 111 days and 8 weeks. They run two programs every year and accept over 15 teams. They were the first accelerator in the world to focus on hardware startups, leveraging its unique access to Shenzhen’s startup ecosystem. As of June 2017, about 90% of its startup investments were from overseas, with 50% from USA, 25% from Europe, 10% from China and 15% from the rest of the world.
Event: TechCrunch Hackathon, 2017
Location: I-Factory, Shenzhen, China
Speaker: Benjamin Joffe, General Partner
More info about HAX: https://hax.co/