Newman Capital is proud to announce our collaboration with New World Development for their upcoming Innovation Challenge 2023. As one of the highlights of this year’s Innovation Challenge, our firm will co-host a Web3 competition with New World Development’s investment arm, Eureka Nova. Eureka Nova prides itself on being a leading open innovation platform that empowers technology startups to co-create within the New World Group ecosystem of culture, creativity and innovation.

Recent developments in Hong Kong have drawn international attention as the city shows its ambition to become a global Web3 hub.As a leading Hong Kong-based venture capital firm deeply rooted in Web3, driving the growth of the city’s local ecosystem has been one of our missions. We are thrilled that traditional players like New World Development share this vision and believe that their Innovation Challenge will be an effective platform for Web3 entrepreneurs to showcase their ideas. 

We are keen to co-host this year’s Web3 competition and look forward to seeing pitches from entrepreneurs in Hong Kong working on new platforms and solutions. The winning pitch will get the chance to receive a  USD 200,000 joint investment from Newman Capital and Eureka Nova, subject to due diligence conducted by both parties. 

”One of our goals at Newman is to help visionary founders build next-generation companies - we believe that Web3 technologies will be an essential part of this future. We have been seeing more and more Web3 startups coming from Hong Kong and we are excited to be part of this blooming landscape” - Adrian Lai, Founder and Managing Partner at Newman Capital     

If you are working on a project and would like to enter, please find the application form here.

About Newman Capital

Newman Capital is a full-stack venture capital firm based in Asia, deeply rooted in web3 and building a decentralized future. The firm invests in early-stage blockchain and crypto native start ups and major protocol ecosystem funds alongside late-stage traditional technology investments. Newman seeks to invest early in emerging markets like Southeast Asia and sectors such as web3 social and consumer application infrastructure in which we see vast potential for scalable growth and mass adoption.

Official website: https://www.newmancapital.com/

About Eureka Nova

Eureka Nova is a leading open innovation platform that empowers technology startups to co-create within the New World Group ecosystem of culture, creativity and innovation.

Official website: https://eurekanova.com/