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dingding 2013-12-03 12:02

Battle Silicon Helped Contestant, Openball Raise $750K Seed Funding

HYSTA co-founded program Battle Silicon helped international entrepreneurs raise $750K angel fund.

Battle Silicon Helped Contestant, Openball Raise $750K Seed Funding

By Xuan He (HYSTA Marketing)

SANTA CLARA, Calif., November 26th, 2013Openball, an e-platform to help organize amateur sports competition, raised $750K angel fund through Battle Silicon, an award winning reality TV show series co-founded by Ding Ding TV and HYSTA.


Since its inception, there have been more than 20 startups attending Battle Silicon. Ken Chu and Yuk Tse, the co-founders of Openball who are from Hong Kong, were introduced to Battle Silicon by their incubator Hong Kong Cyberport, a strategic partner of HYSTA, and participated in Battle Silicon’s 4th contest show. “Thanks to HYSTA, Ding Ding TV and Hong Kong Cyberport,” Ken and Yuk said, “HYSTA, Ding Ding TV and Hong Kong Cyberport are forging an excellent platform for Hong Kong startups to meet with international investors. It is surely an eye-open platform for Hong Kong startups. Without their support, we cannot move this fast.” David Chung, the CTO of Cyberport, has been very happy to see their incubatees obtain tremendous help from Silicon Valley and receive significant investment after appearing at Battle Silicon. “I attended a taping of Battle Silicon’s reality TV show and was very impressed,” David said, “the funding will allow Openball to set up research and marketing centers in Silicon Valley and continue to build a global company. I look forward to more collaboration with Battle Silicon.” “Battle Silicon changes lives, one entrepreneur at a time,” commented Leslie Yuen, a co-producer and EQ judge of Battle Silicon, former executive director of HYSTA and founder and CEO of GTO.

One of the missions of both HYSTA and Ding Ding TV is to foster entrepreneurship. Half of the panel members in Battle Silicon are on HYSTA’s board. “The Battle Silicon project is part of HYSTA’s effort to foster technology entrepreneurship,” said Wei Zhou, a co-founder and panel member of Battle Silicon, HYSTA 2013 president, and founder and CEO of Centrillion Biosciences, “we are glad to see that Battle Silicon is helping entrepreneurs, such as the Openball team, to raise early financing so they can focus on developing products that will change the world.”
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HYSTA is one of the largest and most influential professional organizations to foster entrepreneurship across the Pacific. Appealing to contestants from all over the world and armed with judges with diverse cultural backgrounds, Battle Silicon has become a global and cross-cultural platform for international entrepreneurs to interact with venture capitalists and high-tech business leaders. “HYSTA has strived to continuously influence and encourage the development of entrepreneurship globally, through networking and mentorship,” remarked Jack Jia, a co-producer and judge of Battle Silicon, HYSTA board member and former president, investor, and founder of several successful hi-tech companies, “Battle Silicon embodies HYSTA’s mission by providing a global platform for international entrepreneurs to seek for financial and mentoring supports”.

The leading investor of the angel fund for Openball is HP Jin, a former HYSTA president and board member, one of the judges of Battle Silicon, president and CEO of Telenav. HP’s company invested $250K in Openball. HP also introduced Openball to his friend, which led to another $250K investment. Later Openball received another $250K from a third angel investor for a total $750K.  “Congratulations to the Openball team on developing a technology and business which impressed all the judges, including myself,” said HP Jin, “I am a strong believer in supporting teams that are willing to work hard and with passion to make great products and great companies. I wish them good luck as they pursue this in the months and years to come.”


HongKong Media coverage
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SANTA CLARA, Calif., December 2, 2013Openball, an e-platform developed to helporganize amateur sports competitions, raised angel fund through BattleSilicon. Battle Silicon is an award-winning reality TV showseries, co-founded by the Hua Yuan Science and TechnologyAssociation (HYSTA) and Ding Ding TV.

David Chung, CTO of Hong Kong Cyberport, incubator of Openballand strategic partner to HYSTA, is happy to see the company’s incubatees obtaintremendous help from Silicon Valley. He’s thrilled that they’ve received asignificant investment after appearing at Battle Silicon. “I attended a tapingof Battle Silicon’s reality TV show and was very impressed,” David said. “Thefunding will allow Openball to set up research and marketing centers in SiliconValley and continue to build a global company. I look forward to morecollaboration with Battle Silicon.”


Openball’s funding came from three primary sources,including Telenav, whosepresident and CEO, HP Jin, served as a one of the judges of Battle Silicon. HPis also a former HYSTA president and board member. “Congratulations to theOpenball team on developing a technology and business which impressed all thejudges, including myself,” said HP Jin, “I am a strong believer in supportingteams that are willing to work hard and with passion to make great products andgreat companies. I wish them good luck as they pursue this in the months andyears to come.”

Since its inception, more than 20 startups haveattended BattleSilicon. Among them are Hong Kong natives Ken Chu and Yuk Tse, theco-founders of Openball. They were introduced to Battle Silicon by Cyberportand participated in Battle Silicon’s fourth contest show. “HYSTA, Ding Ding TVand Hong Kong Cyberport are forging an excellent platform for Hong Kongstartups to meet with international investors,” said Ken and Yuk. “It is surelyan eye-open platform for Hong Kong startups.”

One of the missions of both HYSTA and Ding Ding TV is tofoster entrepreneurship. “The Battle Silicon project is part of HYSTA’s effortto foster technology entrepreneurship,” saidWeiZhou, a co-founder and panel member of Battle Silicon, HYSTA 2013president, and founder and CEO of Centrillion Biosciences, “We are glad tosee that Battle Silicon is helping entrepreneurs, such as the Openball team,raise early financing so they can focus on developing products that will changethe world.”

HYSTA is one of the largest and most influentialprofessional organizations to foster entrepreneurship across the Pacific.Appealing to contestants from all over the world and armed with judges withdiverse cultural backgrounds, HYSTA’s project Battle Silicon has become aglobal and cross-cultural platform for international entrepreneurs to interactwith venture capitalists and high-tech business leaders. “HYSTA strived tocontinuously influence and encourage the development of entrepreneurshipglobally, through networking and mentorship,” remarked JackJia, a co-producer and judge of Battle Silicon, HYSTA board memberand former president, investor, and founder of several successful high-techcompanies. “Battle Silicon embodies HYSTA’s mission by providing a globalplatform for international entrepreneurs to seek for financial and mentoringsupports.”

The emphasis on the support of entrepreneurship is not loston any who participate in Battle Silicon, including LeslieYuen, a co-producer and EQ judge of Battle Silicon, formerexecutive director of HYSTA . He said, “Battle Silicon changes lives, oneentrepreneur at a time.”


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