Hong Kong start-up wins Elevator Pitch Competition with 3D modelling device for construction projects
- Skyland Innovation was crowned overall champion at HKSTP’s seventh EPiC event, besting over 610 fintech and proptech start-ups from around the world
- The competition’s 50 semi-finalists will receive support to expand into Asia, and also be considered for investment deals via the HKSTP Venture Fund
[Sponsored article]
In the construction industry, delays and disputes during building projects can often result from a lack of coordination. To help solve this problem, Hong Kong start-up Skyland Innovation developed a data collection system that uses real-time 3D modelling technology.
“It enables property owners, developers, engineers and contractors to communicate and collaborate better,” Jessy Wang, human resources business partner at the proptech company, says of the system, which consists of a handheld scanning device paired with artificial intelligence (AI) software. “The modelling uses AI and a robotics-backed system to record complete 3D information throughout a project’s lifetime, making data backtracking possible at any point.”
This idea saw Skyland Innovation win the title of overall champion at Hong Kong Science and Technology Parks Corporation’s (HKSTP’s) seventh Elevator Pitch Competition (EPiC).
The annual event is a global pitching competition in which mid- to late-stage start-ups from the fintech and proptech sectors vie for cash prizes, as well as investment opportunities of up to US$5 million from the HKSTP Venture Fund.
During the EPiC grand finale, which took place April 28 in Hong Kong’s tallest building, the International Commerce Centre, 50 semi-finalists pitched their business ideas during a 60-second elevator ride to the skyscraper’s 100th floor.