Startups to Unveil Potential
through GIS Applications
Recently, Esri China (HK) has proudly sponsored two accelerator programs in Hong Kong, namely “Infiniti Accelerator 2.0" and “The 2016 DBS Accelerator, powered by Nest”. Under the programs, all short-listed startups around the world will be invited to Hong Kong to accelerate their businesses under the guidance of dedicated mentors.
Dr. Winnie Tang, Chairman of Esri China (HK) (right) shared her success story in Infiniti Lab Live.
Speaking to the startups of “Infiniti Accelerator 2.0", Dr. Tang shared her story of starting business 20 years ago and her motto – the vitality for the business to survive and thrive: business idea has to be for the betterment of mankind rather than for purely more efficient operation.
Sr. Paul Tsui, Managing Director of Esri China (HK) shared with “DBS Accelerator” entrepreneurs how to make use of GIS in FinTech.
Sr. Paul Tsui, Managing Director of Esri China (HK), on the other hand, discussed the application of GIS in FinTech in conjunction with entrepreneurs of “DBS Accelerator”. Banks, such as JP Morgan Chase and Bank of America, have been using GIS to assist in site selection of their branches and ATM by analysing where their customers live and shop. Insurance companies also rely on GIS to help minimize the loss in claims from property insurance due to extreme weather caused by climate change. Furthermore, GIS has been increasingly used in the banking industry to detect and discover fraud and suspected money laundering activities from billion numbers of transaction records daily by and tracking and analyzing the flow of money from different locations at different periods of time using Geoanalytics.
The sponsorship of the two accelerator programs is part of the Esri Startup Program for entrepreneurs who are building apps or services that are location related. The program gives qualifying startups three years free use of the ArcGIS mapping platform and support service, together with marketing opportunities at Esri’s biggest events.
As Esri President once said, “Application of GIS is only limited by the imagination of users”. The Esri Startup Program is to help young companies innovate using the full set of advanced mapping tools provided by Esri.
So far, more than 300 startups have participated in the Esri Startup Program, and the number is still growing.