Hong Kong, 6th October: Hong Kong-listed Pico Group announced it is joining hands with Founders Factory, a leading start-up accelerator and venture studio, to launch a new venture-building initiative in Asia.

The two companies will cultivate technology start-ups in Web3, martech and event activation. The initiative will target “start-up accelerators” – focusing on assisting pre-seed and seed stage start-ups looking to build scale, and “venture studios” – helping them identify and grow new start-ups.