The power of networks

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Creative, talented, and courageous founders are essential for any startup to succeed­. Yet, no venture can achieve the improbable without another crucial element: a vibrant ecosystem. As Hong Kong’s startup scene gains traction, let’s examine the diverse forces propelling the city’s entrepreneurial spirit.

Chief among these players is the Hong Kong SAR government – through various initiatives and public organisations, it has played an instrumental role in fostering the local startup environment. Governmental bodies involved in generating and nurturing new businesses include InvestHK, Cyberport, Hong Kong Science and Technology Park Corporation, Hong Kong Trade Development Council, and the Innovation and Technology Commission.

As one of Hong Kong’s pioneering efforts to establish itself as a tech powerhouse, Cyberport has grown into a premier Asia-Pacific information and communications technology (ICT) hub. By nurturing ICT industry startups and accelerating ICT adoption with strategic initiatives and partnerships, Cyberport continues to make timely contributions to the local startup ecosystem.

Established in 2001, Hong Kong Science & Technology Parks Corporation (HKSTP) creates a vibrant innovation and technology ecosystem through driving innovation in the following critical sectors: Electronics, information communications, green technology, biomedical technology, materials and precision engineering.

InvestHK – as mentioned throughout our feature series – deserves recognition for putting Hong Kong on the map of foreign entrepreneurs and angel investors by promoting and hosting events such as the StartmeupHK Festival.