{"id":1897,"date":"2019-11-15T10:55:04","date_gmt":"2019-11-15T10:55:04","guid":{"rendered":"https:\/\/www.startmeup.hk\/?page_id=1897"},"modified":"2024-01-30T15:43:45","modified_gmt":"2024-01-30T07:43:45","slug":"hong-kongs-startup-ecosystem","status":"publish","type":"page","link":"https:\/\/cms.startmeup.hksarg\/about-us\/hong-kongs-startup-ecosystem\/","title":{"rendered":"Hong Kong’s Startup Ecosystem"},"content":{"rendered":"\t\t
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Hong Kong\u2019s Startup Ecosystem <\/span><\/h1>\n
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Asia’s Opportunity Hub Fuels Innovation, Agility and Diversity<\/h2>\n<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\tHong Kong\u2019s startup ecosystem has demonstrated remarkable resilience and its growth momentum continued in 2023.\n\nDespite various external challenges, InvestHK\u2019s 2023 Startup Survey<\/span><\/a> showed that both the number of startups and their\nnumber of staff employed reached a new record high,\nwith a total of 4,257 startups employing 16,453 staff.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Why Hong Kong?<\/h2>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\tThe encouraging result is a testament to Hong Kong\u2019s\nattractiveness to startup founders contributed by\nfavourable factors such as our simple tax system and\nlow tax rate, accessibility to international and regional\nmarkets, accessibility to funding, business opportunities\nin Mainland China, and free flow of information. Our strong\nentrepreneurial culture and high productivity of staff are\nalso encouraging startups to use Hong Kong as a base\nfor their business to access the Guangdong-Hong\nKong-Macao Greater Bay Area and the rest of Asia.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\tThe encouraging result is a testament to Hong Kong\u2019s\nattractiveness to startup founders contributed by\nfavourable factors such as our simple tax system and\nlow tax rate, accessibility to international and regional\nmarkets, accessibility to funding, business opportunities\nin Mainland China, and free flow of information. Our strong\nentrepreneurial culture and high productivity of staff are\nalso encouraging startups to use Hong Kong as a base\nfor their business to access the Guangdong-Hong\nKong-Macao Greater Bay Area and the rest of Asia.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tView the PDF in your browser<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\"Adversity so often drives innovation. For the second year running we\u2019ve seen just how agile and innovative our startup community really is, despite the great challenges that face the business world right now. In Hong Kong, we pride ourselves on providing robust support for the startup ecosystem to grow, focusing on access to talent, market and funding.\"\t\t\t<\/p>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\tJayne Chan
Head of StartmeupHK, InvestHK<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Hong Kong Continues to Attract the World<\/h2>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\tWhile 68% of the startup founders who provided origin\ninformation were Hong Kong locals and 6% were Hong\nKong returnees, 26% of the startup founders were\nnon-locals. Mainland China continued to have the largest\nshare this year, followed by the United Kingdom, the\nUnited States, France and Australia.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Major origin countries\/ territories\nof non-local founders<\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\tPercentage based on total number of non-local founders with origins provided; individual figures quoted above do not add up to 100% due to rounding\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Startups across a Wide Range of Industries<\/h2>\nHong Kong is attractive to the startups in a diverse range of industries. \u201cFinTech\u201d retained top spot, followed\nby \u201cE-commerce\/ supply chain management\/ logistics technology\u201d, \u201cInformation, computer & technology\u201d and\n\u201cEducation & learning\u201d. Substantial year-on-year increase is also noted in \u201cFoodTech\u201d, demonstrating an increasing\nmarket interest in food R&D as well as consumers\u2019 heightened concern on food quality and safety nowadays.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The above information is based on an online survey conducted by InvestHK with results finalised in September 2023.\nThe survey was conducted in collaboration with a total of 65 operators of co-work spaces, incubators and accelerators.<\/p>\n

Disclaimer: The information contained in this publication is for general reference only. While every effort has been\nmade to keep information current and accurate, InvestHK does not accept any responsibility whatsover in respect of\nsuch information. There is no implied endorsement of any material or recommendation of a company or service\nprovider over another.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Other Publications<\/h2>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Future Hong Kong 2030: <\/a>Public and private sector insights for smart city development, by KPMG<\/a><\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Fight the Virus Together – Support Hong Kong Together<\/a><\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Biotech start-ups filing for HKEX IPOs: Insights on risk, countermeasures for survival and growth<\/a><\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Collaborating along the Belt and Road: Leveraging Hong Kong as a super-connector to the region and beyond<\/a><\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Connected Cities: Citizen insights across Asia Pacific<\/a><\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area<\/a><\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Hong Kong Startup Ecosystem Toolbox 2018 by WHub<\/a><\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The Greater Bay Area White Paper V 1.0 by WHub<\/a><\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Hong Kong Startup Ecosystem Toolbox 2018 by WHub<\/a><\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tDownload<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Transforming Hong Kong Through Entrepreneurship by KPMG and Alibaba Entrepreneurs Fund<\/a><\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Google Hong Kong\u2019s Smarter Digital City 3.0 Whitepaper<\/a><\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tDownload<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"
\nHong Kong\u2019s Startup Ecosystem Asia’s Opportunity Hub Fuels Innovation, Agility and Diversity Hong Kong\u2019s startup ecosystem has demonstrated remarkable resilience and its growth momentum continued in 2023. Despite various external challenges, InvestHK\u2019s 2023 Startup Survey showed that both the number…\n<\/div>\n
Continue reading “Hong Kong’s Startup Ecosystem”<\/span>…<\/a><\/div>\n","protected":false},"author":16,"featured_media":4959,"parent":504,"menu_order":174,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"yoast_head":"\nHong Kong's Startup Ecosystem - StartmeupHK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.startmeup.hksarg\/zh-hant\/about-us\/hong-kongs-startup-ecosystem\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hong Kong's Startup Ecosystem - StartmeupHK\" \/>\n<meta property=\"og:description\" content=\"Hong Kong\u2019s Startup Ecosystem Asia’s Opportunity Hub Fuels Innovation, Agility and Diversity Hong Kong\u2019s startup ecosystem has demonstrated remarkable resilience and its growth momentum continued in 2023. 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