Wednesday 28 January 2015 – Media Release

Hong Kong’s Nest & London’s Level39 join forces to support startups

Nest, the leading Hong Kong investment and startup incubation firm, has signed a ‘Friendship Agreement’ with London based technology space Level39, Canary Wharf Group plc initiative.

The new partnership between Nest and Level39 will provide valuable support for technology startups in Hong Kong and London, from sharing office space to advising on how individual startups can scale into Europe and China. By creating a seamless connection between these two business and fintech hubs, it is hoped that this friendship agreement will act as a catalyst for new opportunities in both cities and beyond.

Eric Van der Kleij, Head of Level39 at Canary Wharf who attended the Chancellor’s trade trip to China last year, said: “Opening a ‘tech trade route’ is advantageous to both the UK and Hong Kong. Our partnership with Nest will reduce the number of barriers to entry for innovators to global markets, and will make the Nest and Level39 expert teams available to each other’s startups.”

Commenting on the partnership, Simon Squibb, CEO of Nest said: “We see startups from Europe wanting to get into Asia and we see startups in Asia wanting to get into Europe, so this partnership allows us to leverage the resources of both organisations to help founders in our respective markets and ensure their ideas reach their full potential. This partnership between Nest and Level39 is beneficial for Hong Kong and London, and startups globally.

Full details of this partnership can be found on www.nest.vc/blog/

ENDS

For more information please contact:

Hong Kong: Jessica Cheung, Associate
T: (+852) 3620 3885
E: Jessica@nest.vc

London: Aleka Bhutiani
T: (+44) 203 727 1048
E: aleka.bhutiani@fticonsulting.com

Notes to Editors:

About Nest
Nest is Hong Kong’s pre-eminent start up incubator that helps to build and scale high-growth tech businesses in Hong Kong and Asia. Nest invests in the people as much as the business concepts and empowers each team with the tools they require to achieve global success with their business. With an eye for the truly disruptive, Nest is actively involved in all of its companies and drives them to reach their full potential, fostering the start-up ecosystem locally and developing Hong Kong China as a global entrepreneurial hub.

In addition, Nest recently launched a wider-reaching equity crowdfunding platform, Investable which is a platform allowing professional investors to invest and browse through a wealth of pre-vetted investment opportunities within a wide range of industries. Only professional investors can become members. With a simple click, members have access to the same opportunities and level of information available to venture capitalists. Members can take part in the fulfilling experience of helping passionate entrepreneurs to grow successful businesses.

Nest:
www.nest.vc
@NestHongKong
www.facebook.com/nestideas/
www.linkedin.com/company/nest-ideas

Investable:
www.investable.vc
@InvestableAsia
www.facebook.com/InvestableAsia
www.linkedin.com/company/investable-vc

About Level39 at Canary Wharf

Established by Canary Wharf Group plc, at 29,000 square feet, Level39 is Europe’s largest accelerator space for businesses innovating in financial, retail and future city technologies. It helps growing businesses to deliver world-class financial technology products and services through unrivalled access to office, event and social facilities, new customers, partners, talent, investment, ideas and social and cultural amenities provided by Canary Wharf.

Level39’s layout has been designed in ‘tech industry’ style by architects Gensler, who have worked on some of the world’s most exciting workspaces including offices for Facebook and Google. Since beginning fit-out in October the space has been transformed to include:

  • An exclusive set of ‘sandboxes’ – think spaces which will enable accelerator programmes, software engineers and builders of financial services platforms to refine, test and showcase transformative technologies in a safe, ring-fenced environment
  • A growth-phase zone for businesses experiencing rapid expansion, making it easier to meet potential clients and partners, investors, mentors and other entrepreneurs. This includes an open plan kitchen with an iPad-powered coffee machine
  • Drop in space, hot and fixed desks available for hire
  • A new 200 seat event space to host regular industry events and demonstration days, with some of London’s best views
  • A modern reception area visually reflecting the technological innovation taking place at Canary Wharf and further afield, leading to a future ‘Technology Tunnel’ designed to showcase new IT products and services in an interactive way
  • An express elevator with Level39 as the first stop
  • The Level39 Business Club Lounge, which will host a membership-style club attracting leading industry figures and investors
  • Semi-open and open-plan office areas to service the needs of early-stage and growth phase businesses

Prices for use of Level39 are subsidised by Canary Wharf Group and set at achievable levels for small companies. For more information visit: www.level39.co

@Level39CW
www.facebook.com/level39CanaryWharf

About Canary Wharf Group plc

Canary Wharf Group plc is an integrated property development, investment and management group of companies. It is focussed on the design, construction, leasing and management of grade A office space and high-quality retail, residential and leisure facilities in central London. Over the past 20 years Canary Wharf Group has regenerated derelict wharves into one of the world’s premier business and shopping districts, constructing over 16m sq. ft. of office space; more than any other company in London. These buildings are now occupied by over 100,000 people.

Canary Wharf Group’s tenants, clients and occupiers include some of the world’s leading business organisations from the media, legal, accounting, financial services, IT, energy and transport sectors. Canary Wharf Group has also developed and successfully let over 300 shops, bars, cafes and restaurants including many of Britain’s leading brands.

The Group’s world-class, year-round arts and events programme offers over 100 diverse and culturally inspiring events performed throughout the Estate. Winner of the 2010 Christie’s Award for Best Corporate Art Collection and Programme at the International Art and Work Awards, Canary Wharf Group showcases over 65 pieces of permanent art throughout the Estate, designed and created by more than 50 artists and craftsmen. A regular exhibition programme in the Lobby of One Canada Square and Jubilee Park further adds to the Estate’s comprehensive cultural and creative offering.

In addition to development on the Canary Wharf Estate, the Group is also involved with projects across London. The Pan Peninsula and Drapers Gardens developments have been successfully completed and construction continues on 20 Fenchurch Street (Walkie Talkie) in the City of London which is nearly fully let. The Group is also in a joint venture with Qatari Diar for the redevelopment of the Shell Centre on London’s South Bank.

www.canarywharf.com
@CanaryWharfGrp
@YourCanaryWharf
@CanaryWharfTech