HONG KONG ECOSYSTEM
According to InvestHK’s, as of 2016 there were nearly 2,000 startups in Hong Kong employing over 5,000 employees (up 24% from the previous year).
The funding environment is dominated by a fresh batch of “rising star” VC firms including Mindworks Ventures and Vectr Ventures as well as the large family foundations such as Horizons Ventures.
There are currently over 50 co-working spaces, accelerators, incubators and innovation labs in Hong Kong. The most important spaces are Cyberport, Hong Kong Science and Technology Park (HKSTP), Whub, HKTDC, CoCoon and The Hive. The government entity InvestHK is the main player that connects the ecosystem, facilitating inbound foreign direct investment. InvestHK hosts each January the StartmeupHK initiative to focus specifically on the startup community. This event is now one of the premier startup events in the entire world.
Hong Kong became the center of technology, where big tech events and companies gather to present themselves. One of the largest Hong Kong tech events is RISE, produced by the team behind Web Summit. This city also includes other main events like Cloud Expo Asia, Data Centre World, Smart IoT Hong Kong and StartmeupHK. The United Nations ESCAP will organize the Asia-Pacific Business Forum (APBF) 2018 in Hong Kong, 10 -11 April 2018.
Missions and Projects
In October 2017, Media Invest Group, in partnership with AJEPC – Associação de Jovens Empresários Portugal-China (Portugal-China Young Entrepreneurs Association), met with high representatives from several companies in Hong Kong, namely InvestHK, Young Entrepreneur Taskforce, Cyberport, Microsoft and HKTDC, establishing partnerships and business opportunities in this fast-growing city.