Word: incubasia
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Kenny says Incubasia is planning to nurture 15 or so new firms over the next year and a half. "We are looking for start-ups that take a global view of the markets," he says, "whatever sector it is." That may seem like an ambitious agenda, but in a typical week Cheng and Kenny vet roughly half a dozen business ideas. Clients are welcome to move into Incubasia's office and help themselves to logistical support (including Frisbees). The founders also provide expertise and up to $500,000 in financial assistance, plus one of the Internet's most treasured commodities...
...making money on the Internet. Many of his clients are barely out of their teens, and catching Frisbees while talking deals is as natural to many of them as wearing chinos in the office. "I'll do whatever it takes," says Kenny, a 32-year-old Briton whose company, Incubasia, nurtures young Internet entrepreneurs in a kind of upbeat corporate hatchery. "If playing with a Frisbee inspires our clients, then a Frisbee...
...company last September with Cheng, 29, a well-connected Hong Kong financier. Last December, Brett Rierson, a former vice president at A.T. Kearney Executive Search's global technology practice in London and Hong Kong, became the third partner. One start-up, a classified-advertising website, has graduated from Incubasia and four others are in the hatchery...
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