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Newman Capital is proud to announce our collaboration with New World Development for their upcoming Innovation Challenge 2023<\/a>. As one of the highlights of this year\u2019s Innovation Challenge, our firm will co-host a Web3 competition with New World Development\u2019s investment arm, Eureka Nova. Eureka Nova prides itself on being a leading open innovation platform that empowers technology startups to co-create within the New World Group ecosystem of culture, creativity and innovation.<\/p>\n Recent developments in Hong Kong have drawn international attention as the city shows its ambition to become a global Web3 hub<\/a>.As a leading Hong Kong-based venture capital firm deeply rooted in Web3, driving the growth of the city\u2019s local ecosystem has been one of our missions. We are thrilled that traditional players like New World Development share this vision and believe that their Innovation Challenge will be an effective platform for Web3 entrepreneurs to showcase their ideas.<\/p>\n We are keen to co-host this year\u2019s Web3 competition and look forward to seeing pitches from entrepreneurs in Hong Kong working on new platforms and solutions. The winning pitch will get the chance to receive a USD 200,000 joint investment from Newman Capital and Eureka Nova, subject to due diligence conducted by both parties.<\/p>\n <\/p>\n If you are working on a project and would like to enter, please find the application form here<\/a>.<\/p>\n Newman Capital is a full-stack venture capital firm based in Asia, deeply rooted in web3 and building a decentralized future. The firm invests in early-stage blockchain and crypto native start ups and major protocol ecosystem funds alongside late-stage traditional technology investments. Newman seeks to invest early in emerging markets like Southeast Asia and sectors such as web3 social and consumer application infrastructure in which we see vast potential for scalable growth and mass adoption.<\/p>\nAbout Newman Capital<\/h3>\n