August Robotics has been established to help automate business workflows, and its first robot will help optimize the setup of trade shows in exhibition hall.
The company was founded by Australian Alex Wyatt, an Oxford University Rhodes Scholar. Wyatt chose to set up shop at Science Park in 2017 due to the incubation support offered by HKSTP.
By establishing itself at science park, August Robotics was able to develop connections with the investment community that led to an oversubscription for its seed funding round.
The company will use the funds to build a dedicated robot R&D center in southern China and develop sales and customer service capabilities in its overseas target markets.
“HKSTP’s Incu-Tech program extends generous support to startups in early-stage development, and we are very grateful to be part of the start-up community here,” Wyatt said.
“Hong Kong’s advantage as an Asian regional hub, proximity to the world’s largest and most sophisticated hardware and electronics supply chain, and interconnectivity to international markets make it the ideal base for our business.”
HKSTP CTO George Tee added that August Robotics' success “underscores Hong Kong’s attributes for emerging [AI and robotics] businesses, be it access to funding, mainland China and international markets or the ready supply of tech talent.”