HKSTP Lunch & Learn – The Startup Scene in Hong Kong

HKSTP Lunch & Learn named “The Startup Scene in Hong Kong” was presented by Incubation Team on 26 Jul 2017.  They would like to introduce Hong Kong’s Startup Ecosystem to us.  Some backgrounds of Hong Kong were briefed such as Hong Kong tops the list of freest economics, World’s Most Competitive Economy (IMD), World’s Freest Market for the 22^nd Consecutive Year (Heritage Fundation), 2^nd in Global FDI Inflows (UNCTAD), etc.

Total number of startups was 1926 in 2016 and increased 24% compared with 2015.  We had 72% of startup related to applying technology and 28% related to innovation concept or business model.  Most of them were both B2B and B2C (52%).  Others were B2B only (32%) and B2C only (16%). 

Moreover, there were 48 co-working spaces in Hong Kong.  Science Park had three co-working spaces named Incu-App, Lionrock 72 and Soft Landing Centre.  We had built good startup community with other co-working spaces.  Nevertheless, we arranged different startup events included Elevator Pitch Competition, StartmeUp HK Festival, Entrepreneur Day, etc.

Hong Kong government provided different funding support startup for their R&D such as Enterprise Support Scheme (ESS), Technology Start-up Support Scheme for Universities (TSSSU), Patent Application Grant (PAG), Technology Voucher Programme (TVP), and other SME funding, etc.

Incubation Team provided different services for startup in Hong Kong included TechnoPreneur Partnership (TPP), Soft Landing Centre, Global Acceleration Academy (GAA), Incubation Programmes, Angel Investment/VC Partnership/Corporate Venture Fund (CVF), and Leading Enterprises Acceleration Programmes (LEAP).  

Finally, Incubation Programmes support details were briefed.

Reference:

HKSTP - http://www.hkstp.org