Hong Kong was reported 13.8millions mobile subscriptions by 2010, which means around 2 subscriptions for each local citizen. There are 5millions smart phones in Hong Kong, which also implies ~70% of local populations has a smart mobile device to access the internet. AcceleratorHK, funded and supported by Telerik (the maker of KendoUI and Icenium, tools that make cross platform mobile development easier) is a new accelerator for mobile startups on hybrid development, and it is organized by Stephen Forte and Paul Orlando, two successful entrepreneurs and educators with passion for startups and disruptive technology. AcceleratorHK invests US$15,000 in each company for 5%-8% equity, and also provides co-work space and mentorship program to the startups invested. The interesting point about AcceleratorHK is that it focus on mobile with the emphasis that the startups’ apps must be using hybrid development method (hybrid development means a native, downloadable app that runs all or some of its user interface in an embedded browser component, i.e.