Demo Day Effectiveness: HK Programs Benchmarked

Demo day effectiveness can be measured by two metrics: investor attendance (how many active early-stage investors attend) and post-demo-day fundraising outcomes (what percentage of graduating startups raise a seed or Series A round within 12 months). On attendance, Betatron and Brinc demo days draw the largest institutional investor audiences due to their sector focus and track records. On outcomes, approximately 40-50% of Betatron graduates, 30-35% of Brinc graduates, and 25-30% of HKSTP Incu-Tech graduates raise institutional seed rounds within 12 months. The data suggests that sector-specialised accelerators with strong investor networks outperform generalist programmes on fundraising outcomes, and that programmes with a venture capital structure (where the accelerator itself is a motivated investor) have better alignment with founder fundraising success than grant-based programmes.