Jake's View | Cyberia's worrying lack of IT start-ups
Not many companies will share Cyberport's HK$200 million largesse if it really only supports new Hong Kong-based technology firms
Cyberport announced yesterday that it would invest HK$200 million to support new technology companies over the next three years, with the emphasis on helping Hong Kong-based start-ups expand overseas and on the mainland.
It is actually not that much money but, then again, it won't be split many ways if the Cyberport people stick to their mandate of spending it only on Hong Kong-based technology start-ups.
There is a good reason for this. Technology start-ups are so thin on the ground here that even Cyberport, supposedly their ideal home with discounted rents and specialist incubator services, has very few of them as tenants.
Cyberport is supposedly the ideal home for technology start-ups in Hong Kong
Here is an excerpt, taken at random from that tenant list by pressing the next key at the bottom of the first page of the list twice and then continuing alphabetically: