Hong Kong is a super connector for startups, offering a primary market for overseas companies and a gateway to China. Hong Kong attracts a high number of international entrepreneurs, with 26% of startup founders being non-locals primarily from China, the United Kingdom, and the United States.

The growing ecosystem thrives on its international nature, offering a world-class pool of international talent, extensive knowledge on global markets, and robust free trade agreements. Its high level of English language proficiency, ease of business formation, favorable tax regimes, and financial stability make it an attractive hub for entrepreneurs.

The government of Hong Kong has over 70 schemes dedicated to developing innovation infrastructure, including promoting and supporting R&D, promoting new industrialization, attracting talent, and positioning entrepreneurship as the future of the country’s long-term sustainable development. It has committed to over $12.8 billion (HK $100 billion) in funding schemes.

Hong Kong’s startup support is abundant, offering a variety of accelerators, incubators, and co-working spaces. InnoCell is a housing property with smart living technologies that encourages co-creation within a community of entrepreneurial talent. The Hong Kong Science & Technology Parks Corporation (HKSTP) offers sub-sector specific labs and co-working spaces catering to Biotech and Fintech, and its three-year incubation program helps startups develop their first solutions from early-stage technical builds to market exploration and business development.

Hong Kong is a world-class research center, with universities, scientific research institutes, and businesses working together to build the region into an advanced R&D center and pilot transformation base to promote industrialization, develop new industries, and create opportunities for employment and innovation.