Welsh entrepreneurs looking to expand globally can reap the rewards of a new scheme offered by Invest Hong Kong.

The Startmeup.HK Venture Programme aims to help 12 innovative and high impact start-ups from across the world to develop their businesses through Hong Kong.

The finalists chosen will have access to financial capital and partnership networks, high-level mentorship, market knowledge and marketing opportunities.

Welsh businesses with a focus in creative industries, innovative solutions for the environment, medical and healthcare, ICT and other technologies that can enhance connectivity, productivity, knowledge sharing, citizen empowerment and quality of life are encouraged to apply for this unique business opportunity.

David Parker, Head of Investment Promotion InvestHK, is driving the Startmeup.HK Venture Programme in the UK and is excited at the prospect of taking Welsh entrepreneurs to pitch in Hong Kong in December.

David said: “We are seeing applications roll in from hotspots around the world.  I know from my strong connection with Wales that the entrepreneurial pulse is beating strongly there and see the Venture Programme as a unique opportunity for Welsh early stage ventures with international aspirations to impress investors in one of the great business cities of the world.”

A four-day programme will be held in Hong Kong in December where the chosen 12 finalists will present to over 500 potential investors and business partners. Businesses will also have the opportunity to attend lead trade shows in Hong Kong during their visit; these include InnoAsia, Innovation Design Technology Expo, World SME Expo and Business of Design Week.

Three of the 12 finalists recognised as the ‘most outstanding’ will win Startmeup.HK Grand Awards with over US$300,000 worth of support. This includes one year of free work or retail space in Hong Kong, international media exposure, professional services support and additional marketing opportunities at leading trade events.

Welsh firms can apply for the programme here. Applications must be submitted by 26 August 2013.