{"id":1899,"date":"2019-11-15T10:55:54","date_gmt":"2019-11-15T10:55:54","guid":{"rendered":"https:\/\/www.startmeup.hk\/?page_id=1899"},"modified":"2023-12-04T11:30:47","modified_gmt":"2023-12-04T03:30:47","slug":"why-hong-kong","status":"publish","type":"page","link":"https:\/\/cms.startmeup.hksarg\/about-us\/why-hong-kong\/","title":{"rendered":"Why Hong Kong"},"content":{"rendered":"\t\t
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Why Hong Kong?<\/span><\/h1>\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\t\"Hong\n\nHong Kong, Asia\u2019s most vibrant city, is the ideal place to do business. Ranked the world\u2019s freest economy for 25 years by the US-based Heritage Foundation, its excellent infrastructure, pro-business policies and strategic location make it the preferred destination for businesses large and small, and the best gateway to opportunities in mainland China and the rest of Asia.\n\nBesides its enduring commercial advantages, Hong Kong\u2019s legendary spirit of enterprise and its boundless energy create the perfect environment for starting a business. The local startup ecosystem is supported by a strong network of incubators and accelerators, a pool of experienced angels and venture capitalists, and a welcoming community of startups knit together by dozens of networking events, seminars and associations.\n\nIt should come as no surprise that Hong Kong is Asia\u2019s most dynamic startup destination, home to 8\u00a0 unicorns and a rapidly growing number of startups in areas as diverse as fintech, retail tech, healthtech, IoT, smart city technologies and many more.\n

Recent Innovation & Technology Landscape in Hong Kong<\/h2>\nDevelopment of I&T has been a top priority on the Hong Kong Government\u2019s agenda, which has committed HK$100 billion to introduce various I&T policy initiatives. In recent years, the government has significantly stepped up support for scientific research and I&T sectors by developing infrastructure, promoting research & development, nurturing talent, promoting re-industrialisation and enhancing financial support to enterprises\n\nIn terms of I&T infrastructure, the development of the Hong Kong-Shenzhen Innovation and Technology Park, a 87-hectare world-class innovation hub, is well underway, along with the Data Technology Hub, the Advanced Manufacturing Centre in Tseung Kwan O and Cyperport 5, with expected completion dates in 2020, 2022 and 2024 respectively.\u00a0 In addition, two research clusters – Health@InnoHK and AIR@InnoHK at Hong Kong Science & Technology Parks Corporation (HKSTP) will significantly enhance research collaboration between local, Mainland and world renowned universities and reinforce Hong Kong\u2019s widely recognised R&D capabilities.\n\nThe funding landscape for startups in Hong Kong is maturing, with a total of US$ 720 million invested in Hong Kong-based startups by October 2019 (Source: Oddup). The new listing regime of the Hong Kong Stock Exchange has allowed technology companies with weighted voting rights, pre-revenue and pre-profit biotechnology companies to raise funds in Hong Kong. Subsequently, we have witnessed a number of high profile public listings of innovative firms in the Hong Kong Stock Exchange. In addition, the government has also set up a co-investment fund with a pilot group of venture capitalist firms named Innovation and Technology Venture Fund (ITVF) to stimulate private investment in local startups.\n

The Greater Bay Area Factor<\/h2>\nWith a robust rule of law, stringent intellectual property rights protection and a deep pool of international talents, Hong Kong has always been an ideal destination for international companies to set up offices. Going forward, Hong Kong is presented with unprecedented opportunities arising from the Greater Bay Area (GBA) development, which provides a sizable market of 70 million consumers, a base for rapid prototyping and high-end manufacturing, together with access to an expanding pool of shared talents and R&D facilities.\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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universities<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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in Hong Kong <\/strong>ranked among
top 100 universities
<\/strong>Quacquarelli Symonds (QS) World University
Rankings 2022<\/em><\/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

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\n#1\n<\/div><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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World’s most
economically-free jurisdiction
<\/strong>Fraser Institute’s <\/em>Economic Freedom of the World Report 2022<\/em><\/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

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has their country of origin
outside Hong Kong
<\/b>InvestHK\u2019s 2022
Startup Survey<\/em><\/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

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universities<\/div>\t\t\t
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in Hong Kong <\/strong>ranked among
top 100 universities
<\/strong>Quacquarelli Symonds (QS) World University
Rankings 2021<\/em><\/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

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Ease of doing business
<\/strong>The World Bank Group: Doing Business Report 2020<\/i><\/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

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ranked<\/div>\t\t\t
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World’s most
economically-free jurisdiction
<\/strong>Fraser Institute’s <\/em>Economic Freedom of the World Report 2021<\/em><\/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

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of the startup founders<\/div>\t\t\t
\n\t\t\t\t<\/span>\n\t\t\t\t0<\/span>\n\t\t\t\t%<\/span>\n\t\t\t<\/div>\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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has their country of origin
outside Hong Kong
<\/b>InvestHK\u2019s 2021
Startup Survey<\/em><\/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

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\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tSetting Up Your Company In Hong Kong<\/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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t More Information<\/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<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"
\nWhy Hong Kong? Hong Kong, Asia\u2019s most vibrant city, is the ideal place to do business. Ranked the world\u2019s freest economy for 25 years by the US-based Heritage Foundation, its excellent infrastructure, pro-business policies and strategic location make it the…\n<\/div>\n
Continue reading “Why Hong Kong”<\/span>…<\/a><\/div>\n","protected":false},"author":16,"featured_media":8499,"parent":504,"menu_order":214,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"yoast_head":"\nWhy Hong Kong - 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\/about-us\/why-hong-kong\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Hong Kong - StartmeupHK\" \/>\n<meta property=\"og:description\" content=\"Why Hong Kong? Hong Kong, Asia\u2019s most vibrant city, is the ideal place to do business. 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