FREE & MEMBERS ONLY
Hong Kong has long been compared against other leading Asian cities regarding its competitiveness as a hub for start-ups. The potential contribution of high growth startups to a city's economy can be substantial – in the U.S., high-growth firms account for up to 50% of new jobs created*.
Hong Kong has seen substantial growth in its startup ecosystem over the past few years and its tech scene is thriving. Results of InvestHK's latest Startup Profiling Survey show a 16 per cent increase in start-ups this past year to 2,300 entities; and a 21 per cent gain in start-up jobs to more than 6,300 jobs. The Government is affording a high priority to developing this sector and in Chief Executive's last Policy Address and Financial Secretary's Budget a number of different initiatives and funding schemes were announced to help realise that vision.
InvestHK Director General Stephen Phillips will give AmCham members more insights and details about the city's progress toward becoming a leading hub for innovation. He will be joined by two startups – MobiJuce and Mass Branded – to share stories of growing pains and successes of their Hong Kong ventures.
*Journal of Economic Perspectives, Summer 2014