Neo partners with Web3Labs to drive blockchain innovation in Hong Kong through leading accelerator program

Neo contributes almost $8M HKD to nurture start-up projects and foster the development of Hong Kong’s Web3 industry. Winners from Neo’s esteemed APAC Hackathon will join an accelerator program alongside candidates from Hong Kong’s leading Web3 developer base.

4 min readOct 12, 2023

Hong Kong | Oct 12th, 2023: Neo, the open-source, community-driven blockchain platform where developers are building the future Smart Economy, and Web3Labs today launched an accelerator aimed to drive Web3 innovation in Hong Kong. As part of the partnership, Neo has contributed almost $8 million HKD ($1 million USD) to the Web3.0 Global Acceleration Program as well as providing vital technical support, access to co-marketing resources, workshops, funding opportunities, and an extensive range of ecosystem benefits.

Announcing the partnership with Web3Labs, Da Hongfei, Neo founder, said: “Partnering with Web3Labs builds on Neo’s extensive support for developers across Asia and recognizes the potential of building a strong Web3 developer community in Hong Kong, evident through Neo’s contribution of almost $8 million HKD to Web3Labs’ expansive accelerator program. Supporting developers in Asia is critical for Neo, especially pertinent given recent positive regulatory developments in the region, particularly in Hong Kong, and Neo welcomes further positive developments in the area. Through Web3 and blockchain we can realize the Smart Economy, where the digital and physical worlds converge, and Neo is committed to supporting developers to achieve this.”

“We are proud to support more developers across Asia and to welcome the winners of our APAC Hackathon to the accelerator program, which will be announced at our prestigious celebration event later this month. The quality and breadth of projects this year has been outstanding and we encourage all those interested in building the future to get involved!”

Neo and Web3Labs will be sourcing the finest developer talent in Hong Kong and further afield to join the accelerator program, giving the support and guidance needed for revolutionary Web3 projects to prosper. Five winning teams from Neo’s APAC Hackathon, which has seen the finest in Web3 talent across Asia working with Neo at events in key cities, will join the program and will be announced at a finale at Cyberport on October 27th and 28th.

Caspar Wong Chun-long, CEO with Web3Labs said: “The whole team at Web3Labs is delighted to be partnering with Neo to drive the development of virtual assets and the Web3 sector in Hong Kong. Alongside Neo, we look forward to helping Web3 companies establish their presence here through on-the-ground support, investment acceleration and technical collaborations. ”

Neo’s APAC Hackathon

Neo’s APAC Hackathon, which has seen huge events in five cities across Asia, will be celebrated at a finale in Hong Kong on October 27th and 28th. As part of the Hackathon, five grand prize winners will automatically gain access to the Web3.0 Global Acceleration Program accelerator program and receive support and guidance from both Neo and Web3Labs. Partnering with OKX, Neo’s Hackathon supports developers across Asia and gives them the tools and scope to get involved in developing on Neo through languages they already know and use.

About Neo

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Founded in 2014, Neo is an open-source, community-driven blockchain platform designed to welcome developers into the Smart Economy. By enabling developers to digitize and automate the management of assets through smart contracts, Neo is built to realize the optimized digital world of the future. As the most developer-friendly blockchain, Neo meets developers where they are by integrating seamlessly with the world’s most widely used languages and tools, and providing the most feature-complete blockchain platform for building full-stack decentralized applications. With native support for powerful infrastructure including decentralized storage, oracles, and domain name service, Neo is the ideal foundation for developers to build the next generation Internet.

About Web3Labs

Web3Labs aims to respond to the policy statement from the HKSAR Government on the development of virtual assets in Hong Kong. Through on-the-ground support, investment acceleration, technical collaborations, and compliance assistance, Web3Labs is dedicated to helping global Web3 companies establish their presence in Hong Kong. Its goal is to create a one-stop gateway for Web3 entrepreneurs. As of the end of July 2023, Web3Labs has provided consultation or support for nearly 1,000 Web3 enterprises in terms of advice or on-the-ground services.

In the face of global technological competition, Web3Labs strives to stay at the forefront of the market, understand the needs and challenges of entrepreneurs, and provide a legitimate, comprehensive, professional, and in-depth entrepreneurial environment. Web3Labs aims to foster national and even world-class unicorns, contributing to the steady advancement of the industry.