Everything you need to know about the startup scene in Hong Kong

Want to network with the best startup people in Hong Kong?

Hong Kong startup ecosystem

Hong Kong, the city of skyscrapers, is now a thriving hub for startups. Its vibrant mix of Eastern traditions and Western business principles fosters a unique entrepreneurial ecosystem. Navigate the exciting labyrinth of VC-backed ventures, innovative workspaces, and prolific mentors that make up this Asian tech titan.

Mentors in Hong Kong

Hello, it’s Jason here. I am a T-shaped growth practitioner at a unicorn who develops strategies to drive core business metrics throughout the customer lifecycle, has solid performance marketing skills, turns data into actionable insights, and enables cross-functional collaboration.

Jason Lam
Growth | Digital Strategy | Performance Marketing | Data Analytics

Hey! I’m a Growth Marketer based in Hong Kong. Previously, I worked for Techstars, managed a venture fund, co-founded and led 3 startups. Outside of work, I’m a big fan of #NoCode, early-stage startups, community, and UI/UX design. Happy to exchange ideas over a digital coffee!

Felix Wong
Growth Marketer | Entrepreneur | Angel Investor | Ex-Techstars

GrowthMentor events in Hong Kong

Frequently asked questions

What industries or sectors are dominant in Hong Kong's startup ecosystem?

Hong Kong’s startup ecosystem is dominated by FinTech, eCommerce, logistics, and HealthTech sectors, leveraging the city’s traditional strengths in finance, trading, and proximity to manufacturing hubs in China.

What are the key accelerators available for startups in Hong Kong?

Key accelerators in Hong Kong include Cyberport, the Hong Kong Science and Technology Parks Corporation (HKSTP), and Betatron, offering startups mentorship, office space, and networking opportunities.

What local funding opportunities are available for startups in Hong Kong?

Startups in Hong Kong can tap into a range of funding sources, including venture capital firms like Gobi Partners and 500 Startups, government grants, and angel investors.

Are there any tax incentives designed to support startups in the city?

Hong Kong offers various tax incentives including tax deductions for research and development expenses and a competitive corporate tax rate.

What is the cost of living and operating a business in Hong Kong?

The cost of living and operating a business in Hong Kong is high, with office rents and living expenses among the highest in the world. However, this can be offset by the city’s tax benefits and the availability of skilled talent.

What is the talent pool like in Hong Kong?

Hong Kong’s talent pool is highly skilled, diverse, and multilingual, with strengths in finance, tech, and logistics. It is also bolstered by its top-notch universities and international appeal.

How is Hong Kong's infrastructure conducive to startup growth?

Hong Kong’s world-class infrastructure, including high-speed internet, state-of-the-art logistics facilities, and efficient public transportation, facilitates startup growth. Its strategic location also allows easy access to Mainland China and other Asian markets.

Are there any major networking events focused on startups in Hong Kong?

Major startup events in Hong Kong include the RISE Conference, Startup Impact Summit, and Hong Kong Fintech Week, providing ample networking opportunities.

What is the regulatory environment like for startups in Hong Kong?

Hong Kong is known for its transparent and efficient regulatory environment, with initiatives to ease regulations for FinTech and other high-growth sectors. However, like in any jurisdiction, startups need to comply with local laws and regulations.