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ooosh for startups

We are an Integrated Venture Capital Firm offering a free incubation program to help make your startup investment-ready.
 

We do this by offering a zero up-front fee incubation program, direct investments into startups, as well as strategic growth marketing, mentor matching, and IPO or M&A support.

OOOSH HONG KONG

6/F, 101 King's Road, North Point,

Hong Kong, Hong Kong

+852 2155 0999

ask@oooshtechlab.com

OOOSH KOWLOON

+852 2785 8588

ask@oooshtechlab.com

Unit 803, 8/F, 479 Castle Peak Rd., Cheung Sha Wan, Kowloon, Hong Kong

© 2020 By Ooosh Limited | Term of Use | Privacy Policy

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OOOSH TECH LAB

Let's Thrive in Digital Transformation

Ooosh Tech Lab is an innovation and entrepreneurship powerhouse addressing challenges and obstacles in Digital Transformation.

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General Enquiries

We welcome collaboration enquiries of any sort. Please leave us a message and we will get back to you as soon as possible.

Semi-Tailored Program

3 To 6 Months

Of weakness-focused Incubation. Duration is dependent on the stage of the startup.

Incubation Fee

$0

OTL Invest In Return Of

~1.25%

In return on future equity

Investment Referral Fee

10%

​PROGRAM TERMS

#1 FOCUSED

Innovative Software Solutions Solving One Particular Untapped, Inefficient Problem

#2 PROTOTYPE-READY

Teams Should Have A General Idea On What They Wish To Build

#3 TECHNICAL

Have At Least One Technical Co-Founder

#4 LOCATION

Geographically Based In Hong Kong Or South East Asia

OUR INVESTMENT CRITERIA

Investment

We act as your lead investor, proving to other Angels that your company has been vetted, validated and deserves support. This helps to kickstart your fundraising in return for 1.25% of future equity.

Regional Funding

Kick-start your fundraising with institutional and angel investors across South East Asia to build interest and momentum for your business.

Follow-On

Funding

Automatically eligible for future rounds of follow-on fundings by Ooosh Tech Lab.

Strong Fundamentals

Build the core foundation of a true enterprise around your technologically innovative idea to set yourself up for real growth and sustainable, long-term business success.

Regional

Exposure

Through exclusive demo days and events, you can share your business with our extensive network of investors, potential customers, and employees across Asia.

WHAT YOU GET

Coworking Space

24/7 Access to our Coworking Space in Hong Kong

Past The Stage Of Incubation?

Share Your Progress With Us For Direct Investments

WHAT OUR TEAMS SAY ABOUT US

We have gained invaluable insights and domain knowledge from the Ooosh team and business experts among their network. We are grateful for the help and advice since day one of our startup journey from their passionate team.

Edwin Wong

Co-Founder and CEO of Cloudbreakr

Jeffrey and Alex’s styles are very personal. They spent  a lot of time with us to understand our needs and difficulties in order to provide the most relevant and practical advice possible. This also means they were knowledgeable enough to filter investors that best suit our needs very well, resulting in a higher ability to secure investments.

Jordan Chung

Co-Founder and CEO of KrunchData

We are excited to have Ooosh Tech Lab on board. There are a few VC's in Hong Kong with a Travel-Tech acumen and expertise and Ooosh Tech Lab is one of them. The team is very hands-on supporting the founders with advice, resources such as office space, and access to a network of investors that would have been hard for us to reach. We are confident that working together will bring more success to our venture.

Sebastian Rezaccci

Co-Founder and CEO of TripGuru

We are grateful to be part of the family. As a startup, you want to work with investors and mentors you can trust and rely on, and the Ooosh team is definitely one of them. Not only is the team experienced and helpful, but once they invest in a company, they trust and support the company to fulfill its mission during each step of the way. We are glad to have the team with us as we continue to grow.

Simon Lau

Co-Founder and CEO of Zectr

Edwin Wong

Co-Founder and CEO of Cloudbreakr

Edwin Wong

Co-Founder and CEO of Cloudbreakr

Edwin Wong

Co-Founder and CEO of Cloudbreakr

Coworking Space

Starting at HKD1,000/mth

 

By Ooosh Coworking

Growth Acceleration

Regional Expansion,

Playbook Formulation, and Market Activation.

 

In Partnership w/ Houston Collective

Management Advisory

M&A, Financial Advisory and

Due Diligence.

 

In Partnership w/ Somerley Capital

OTHER STARTUP SERVICES

OOOSH iNCUBATOR

We accept startups on a rolling basis, tailoring the program to each startups’ needs.

STARTUP RESOURCES

Embracing Ubuntu, the concept of togetherness and community - “I am because we are”, we have opened up our Resources Library to everyone. ​

What was meant to be exclusive for our incubatees, portfolio teams and coworking members, anyone can now purchase a lifetime membership to our collective of up-to-date resources on innovation, technology & entrepreneurship for USD9.95 (no hidden fees or credit card information stored).

Incubator, Accelerator & VC Rolodex

Knowledge Database

Productivity ToolKit

Document Templates

Promotions & Discounts

Frequently Asked Questions

Why should I join Ooosh Incubator?

  • Compared to other government and private programs on the market, Ooosh's Incubator is personalised with weekly one-on-one mentoring with Ooosh's Investment General Partners and relevant industry mentors within our network.

  • Our program is also designed to ensure startups are on the right track to becoming an investible, viable business upon graduating. We have a 50% graduation rate and 100% of them secured investments from our network.

  • Our program is designed in a way where all our interests are aligned - for example, in areas such as incentives to complete the program in a timely manner, build traction for fundraising, and fulfilling potential investors’ concerns.  

How much funding am I getting from the incubator?

Graduates of the incubator will get a minimum USD10,000 investment from Ooosh. The purpose of our investment is not primarily to fuel the finances, but more as an institutional validation in the team and giving graduates a head start in their fundraise.

 

Ooosh will also be making follow-on investment in our graduates' next fundraising rounds.

What is your investment criteria?

We have 4 core criterias for investment:

  1. Focus - is your idea an innovative software solution solving one particular untapped, inefficient problem

  2. Prototype ready - you should have a general idea on what you wish to build

  3. Technical - you must have at least one technical co-founder that has the ability to build, or lead a team to build, your software

  4. Location - must be geographically based in Hong Kong or South East Asia

Will OTL charge fees on investments that are not referred by OTL?

No, we will not. We will upkeep an investor list for each of our teams  in order to track investors we have specifically referred. Investors that have not been referred by us will not be charged.

How will the 1.25% future equity be structured?

It will be constructed as a SAFE where we will receive 1.25% at your next equity raise. To learn more about a SAFE, follow this link.

Is the program fixed with a minimum of 3 months?

The short answer is yes. However, teams will be assessed on a case-by-case basis. If teams appear closer to being investment ready, we may, and have, reduced our program duration accordingly.

Incubation program for structuring.

During our program, our partners will work closely with your startup in a structured yet tailored program focused on work ethic, team chemistry, strengths & weaknesses, people development, operational advisory, and growth-focused KPIs.

We support startups with three separate mechanisms:

Ooosh Tech Lab acts as your lead investor.

Upon completing our 6-month incubation program, we will make an investment into your startup to kick-start your fundraising round and help to introduce you to other relevant investors within our network across South East Asia.

Investor sourcing and closing.

We carefully match you with relevant, strategic investors across our network within South East Asia to help you raise your initial Seed round. We will closely manage this process, helping to facilitate connections and build strategic alliances.

Investment Referral Fees Explained

 

Our fees are only taken when we successfully refer investments to our incubatees. These fees help to cover our collective time and effort spent during incubation to prepare startups to become investment-ready. Other famous programs charge similar fees as well, but structure it as a fixed deduction from capital promised upfront. For example, you can find out more about 500 Startups’ incubation fee here.

After the incubation program is complete, is our relationship over?

Far from it. As we are an intimately structured program with tailored 1-on-1 support, we are highly selective with our startups to ensure we provide them with the support they need to grow in the long-term. That being said, we provide mentorship sourcing and matching as well as growth marketing, M&A, and IPO support.

Are your fees guaranteed?

At Ooosh, we have chosen to structure our fees via a performance-based mechanism instead, where we are only paid upon successfully connecting and facilitating relationships between strategic and relevant investors and the startup. Through this mechanism, the startup always maintains the choice to accept the offer, or to raise some, if not all capital, at the end of the program from their own network. Our fees do not apply to any capital raised without our introduction. This outcome is fruitful for us as startups being able to raise capital on their own is a marker of success and will prove fruitful for all investors, including us, in the long term.

What do these fees cover as it relates to the support OTL provides for my company?

We have thought extensively about this fee structure and believe this is the best way to work with our incubatees in a manner that supports their growth and success. Our incubation program exists purely to provide early-stage entrepreneurs with the support they need to raise their first round of funding, should they require the help. This program was structured to fill a gap in the market we feel exists, especially in Hong Kong, where some promising domain-expert entrepreneurs don’t have the 1-on-1 support they need to turn an idea into an investable tech business. Our time is given for free, and our fees are only taken if we successfully fulfill our promise of making our incubates investment-ready by closing a deal for them at the end of the program. If you have any further questions, feel free to reach out to us to discuss.

© 2022 By Ooosh Tech Lab Limited | Term of Use | Privacy Policy

Stay Informed

Subscribe to our newsletter covering subjects relevant to Startup Founders, Investors & the Startup Ecosystem.

Quick Links

General Enquiries

We welcome collaboration enquiries of any sort. Please leave us a message and we will get back to you as soon as possible.

OOOSH TECH LAB HONG KONG

Unit 801 & 803, 8/F, Lai Cheong Factory Building, 479 Castle Peak Road, Lai Chi Kok, Kowloon, Hong Kong

OOOSH TECH LAB ASIA

288 Changi Road, #03-08 Icon@Changi, Singapore 419741

OOOSH COWORKING CENTRAL

Unit 2306-2313, 23/F, The Center, 99 Queen's Road Central, Hong Kong

OOOSH COWORKING KOWLOON

Unit 801 & 803, 8/F, Lai Cheong Factory Building, 479 Castle Peak Road, Lai Chi Kok, Kowloon, Hong Kong

OOOSH COWORKING ISLAND EAST

15/F, Eastern Central Plaza, 3 Yiu Hing Rd, Shau Kei Wan, Sai Wan Ho, Hong Kong

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Together, Let's Grow

Ooosh Tech Lab is an Integrated Venture Capital firm focused on empowering and de-risking scalable, disruptive startups

Ooosh Tech Lab address challenges and obstacles in Digital Transformation for technology startups, investors and enterprises.

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