1819T2 Hong Kong/Reflection/Day3

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Reflections

Student Name	WIT	TourGuy	Goop	Intelligent Sensing Limited	Entrepreneurship
Ayesha Aziz ALKAFF	e	f	g	h	i
Bernadine LYE Su Hui	e	f	g	h	i
CHANG Jia Li	e	f	g	h	i
Chantalle NG	The early childhood market is an extremely lucrative. This start up has seen the potential market and targeted it. Through the presentations, it could be seen that the entrepreneurship spirit is indeed present in Hong Kong, where many young companies are looking out for potential markets/ service gaps and creating a business to meet these needs. It was a good interaction to exchange views on how the image of Hong Kong is in the eyes of Singaporeans, and I think such research is necessary before penetrating into a new market.	It is nice to see start ups creating new services for people with disabilities. The team has brainstormed many different ideas before finally deciding on one. Which I feel is crucial before investing time, money and effort from.	The founders of GOOP managed to identify a gap for user anonymity. It is something that students are interested to use. Also, it is notable that even though they did not expect their app to gain so much traction, it can be seen that they’ve put in a lot of thought planning for the future.	Innovative designs created from innovative algorithms put them on the front line, gaining trust from Doctors in the field. Their products are also user friendly such as the sleep-time BP monitoring. It reflects on how quality and user-friendliness is very important:	i
Cheryl KOH Zhi Ying	e	f	g	h	i
Debbie LEE Shan Ying	Relies mainly on foreign investment to drive profits, and it is important to conduct thorough market research about target audience before entering. Quantitative measures of determining success are important, such as number of downloads, customer usage	Important step out of your circle aka comfort zone to find out more about what is happening, do not be trapped in the bubble that you are in so that you can get fresh ideas pumping in regularly	Important to branch out to explore new products. Currently only allows for annonymised chats but will be looking into giving users identities so that the app will have identified chats like Telegram, and also the annonymised option which differentiates it from its competitors. Branching into new markets such as Indonesia because there is understanding that HK market is limited	Interesting that the doctor exhibited strong passion to develop technology and bring it to the public, not being profit focused but rather trying to solve common issues. How product pricing is done is based on consultation with medical staff and industry	It is alive as mentioned by the speaker in Goop as people would try to be their own boss, as doing so gives them an opportunity to earn way more than a fixed wage in an office job, which will hopefully help them break out of the “poverty” cycle and ultimately afford their own homes (very tough to do so here).
Derrick LEE Ming Yang	e	f	g	h	i
Gary CHUA Rongjie	The company has a lot of potential. Especially using AI and analytics to provide data on language assessment. This will allow competitive societies like HK and SG to fine tune early childhood education.	Human libraries is quite an innovation, especially focusing on helping the society. As HK is an ageing population, having an app to crowdsource volunteers is unique.	Although the founder mentioned that money wasn’t the main driver for the creation of Goop, the strategy to monetise the app and earn revenues are vital for survival. It’s interesting how they differentiate themselves by not directly competing with big players like Facebook but complement it by having university exclusivity and anonymity.	What was most important for the founder of the company was to make theoretical studies a reality. Thus they ventured to create the prototype for their blood pressure monitor, focusing on a seamless experience and better sensing.	The founder mentioned that start ups are hard. But it’s his passion that drives him. This relates to how entrepreneurs in HK keep themselves driven. It’s always about making the idea happen and not being afraid to fail. Through this, they’re fully invested in it.
GOH Jin Qiang	e	f	g	h	i
Gwendolyn GOH Wen Hui	I think the mission of WIT Enterprise is really inspiring as they aim to equip children with bilingual skills that would help them in the future. Team 3’s research also showed a pre school called Taidii, which is the world’s first robotics for pre school that uses RFID, fingerprint, QR CODE etc.	tour guy introduced the concept of human library. Instead of a traditional library with books, tour guy invites knowledgeable people to share their experience instead. People are able to “borrow” these knowledgeable people to ask them questions.	Goop became popular as it a anonymous social app, hence people became more confident and comfortable with sharing their thoughts. Planning to expand in Indonesia as people are migrating from Facebook to Instagram, however it’s not a great way to connect with friends. This is a great time to expand into Indonesia where people are only starting to migrate to Instagram. Realised that creating an ecosystem is the best way to monetise the app.	Intelligent sensing mentioned things like flexible textile pressure sensor and electronic skin that provides touch sense for robots. The company however faced difficulties matching consumer’s price points and hence are focusing their target on Hospitals.	i
Student Name	WIT	TourGuy	Goop	Intelligent Sensing Limited	Entrepreneurship
HO Wei Hong	If you are expanding overseas, find similarities in the overseas market to see which community you can possibly place you product in.	It's ok to fail but how you learn from it and refine your ieaa	Identify your potential core users to know where to market your products.	If nobody does it then who? You prove your idea is worthwhile by actually doing it	I felt that it is alive as long as there are still people who have a strong passion and belief in their ideas to make a difference.
HOW Zhiteng	e	f	g	h	i
LIM Yi Bin	Research is meaningless without proper application of new found knowledge	Countless failures create a wealth of experience for you to rely on.	In the creation of a product, the fastest way to create something useful would be to take a neutral stance and empathize with the users themselves.	Collaboration with industry experts may allow new start ups to gain faster traction instead of doing everything in house	As seen from our visits to the incubation centres. Entrepreneurship is very much alive and everybody wants to be the next big hit. Standing out among the competition is proving to be difficult but with support and funding from various sources, many graduates in Hong Kong are taking a step forward towards making their vision a reality
Mathilda NG	The company is promoting bilingualism to children and it is very useful in this day and age with globalisation. Word of mouth is very effective in order to promote any service or product.	It is a relatively new start up and the idea is bringing the concept of human library to HK. The idea is pretty innovative as it aims to address people's prejudices by helping them talk to those they would not normally meet, in this case the elderly people.	They have a simple and interesting concept and they were able to achieve it through the understanding of their target audience and simple interface.	They have a very strong knowledge of their technology and what they are doing. The products that they have came up with is also very useful as well as it caters to the healthcare sector.	The idea of entrepreneurship in HK is still very relevant as many see it as an opportunity to break away from the regular salary paying jobs in order to achieve something much more in their lives.
Mohammad Hazmie Bin JAAFAR	e	f	g	h	i
Muhammad Hafizuddin Bin ABD RAHIN	I believe that education is the most important driver towards development. WIT’s aim of getting young students to be bilingual, is definitely a good push towards further development.	The Tour Guy representative showed a lot of energy and excitement towards his idea. And even though the company has only started about 2 months ago, there have been many developments that could point the company towards success	Goop is run by 2 very young entrepreneurs. The idea of having a community based communication tool in a form of an app is a rather simple but interesting idea. I believe that in order for them to be successful, the app needs to have more unique functions that attract and sustain users.	Intelligent Sensing’s speaker was very passionate about the wearable technology industry. The main problem that was brought up was about consumers not willing to buy such wearables at the current price. I believe that with more research and testing, the company would be able to find out new innovative functions that would appeal more.	Entrepreneurship in Hong Kong is by no means dead. Over the past few days, even though we only visited a few companies, we were still exposed to co-sharing environments where there were many companies who were very energetic and buzzing with good business plans and ideas to thrive in a place like HK.
ONG Li Ting	e	f	g	h	i
ONG Lin Sheng	Wit's initiative of having a comprehensive products and services cater for children is something we can look at in Singapore. Perhaps they could make use of AI and machine learning to analyse children's emotions and needs	Interesting concept of a human library, having tourist to interact with locals instead of going to attractions could be a trend in near future. This reminds me of a combination of Airbnb and Tinder, the founder mentioned that most elderly are free and willing to interact with tourists but I'm just wondering if there are any communication and technology barrier involved.	I think having an anonymous chat within your own university is great, but in SMU, we are all comfortable with Telegram and would be a great challenge for Goop if they want to convert us. I am also amazed by how they use 1 semester with 4 man team, less than $1000 and to build this start up.	I can totally see the founder showing his passion on his project, using IoT to let people keep track of their health. But I personally feel that having a wearable device would be a hassle if I need to charge it everytime and if it's not waterproof	Ultimately I think new graduates would want to be entrepreneurs, but there are people who just want to play safe and work in a company while others would prefer to venture out. Entrepreneurship is still alive because the GenZ people are all about being unique and having fresh new ideas
ONG Yan Kai	e	f	g	h	i
Shaun John CHEETHAM	e	f	g	h	i
Student Name	WIT	TourGuy	Goop	Intelligent Sensing Limited	Entrepreneurship
SIM Li Jin	With the changes happening to around the world, multilingualism is something that could be a huge beneficial to communication, and should start as early as possible. "we invest in tomorrow from infancy to infinity"	Setbacks will happen, and be adaptive to it. "adapt to changes"	Things go viral can result in success. "Fake it till you make it"	By chasing your passion, you would one day be able to see the outcome of it. "if nobody do it, then who do it?"	Entrepreneurship is still alive, with the support of the government and fundings that are available
Stanley LIN Weijie	Could be a potential trending idea for young Singaporeans couple. Moving towards the digital age, being able to know the progression of our children will help put parents at ease	If it works, it would be a brilliant idea as it helps to create job opportunities in Singapore. Like GrabFood and Grab drivers where they leverage on normal people to provide their services. This would help to keep the overall fixed cost low.	Easily duplicated concepts/idea with a unique point of anonymous chat. Currently they are only surviving on advertisers. However if they would expand, they might face intense competition with ten cents, QQ and WeChat.	Innovative idea to keep track of an individual’s health. However, pricing might be an issue if R&D cost are too high. E.g. not every Singaporeans owns an Apple Watch which cost at least $1,000!	Hong Kong standards of living is generally higher as compared to Singapore. Therefore, it is not easy to be an entrepreneur as failure is not an option. However, if hk governments were to heavily fund new startup just like how Singapore’s governments did. It should not be an issue for new entrepreneurs
SZE Shao Tang	e	f	g	h	i
TAY Wei Xuan	We invest in tomorrow. From infancy to infinity.	It is important for startups to fail fast and fail often. Although Tour Guy failed their first idea which is to help the disabled to travel, they managed to switch their perspective quickly while still keeping their interest in travel, changing into an Airbnb style of hiring tour guides instead.	"I want to do something fun and challenging."	The current state for smart wearables may not be as attractive for the younger generation in Singapore as they value quality, functionality, and practicality for such devices.	As long as there is a great idea, and that there is a demand for the great idea, with the right timing, entrepreneurship will not be a problem regardless of location.
TEO Wei Shen	e	f	g	h	i
TIONG Nai Shi	e	f	g	h	i
YONG Fu Xiang	e	f	g	h	i
YUEN Chui Shan	WIT strives to research on innovative ideas to equip preschool children’s educational needs and is currently looking for ways to enter the Singapore market.	If youre going to do a startup, you’ll face alot of challenges and have chances of failure.	An social app that brings students in an university to communicate with one another anonymously.	Sensing technology (eg. electrical, optical, mechanical) and cardiovascular related physiological parameters such as blood pressure and heart rate are used to measure a human’s health condition, and also to ensure that he/she maintains a healthy lifestyle.	Founders for startups are constantly still striving to ensure that entrepreneurship stays alive by providing their idea as a free service, or through constant marketing to gain potential sponsor’s trust.