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Start-ups rise 24%

November 01, 2016
Flagship event

Flagship event:  Secretary for Commerce & Economic Development Gregory So (third right) launches the StartmeupHK Festival.

A total of 1,926 start-ups are engaged in various tech sectors and are operating at different co-work space, incubator or accelerator locations across Hong Kong, up 24% on last year.


The Invest Hong Kong 2016 start-up survey results were released today as Secretary for Commerce & Economic Development Gregory So unveiled the 2017 StartmeupHK Festival.


The Invest HK flagship event will be held from January 16 to 20 at the Convention & Exhibition Centre and PMQ.


Commenting on the findings, Mr So said Hong Kong has the community, resources and opportunities to turn great ideas into reality, as demonstrated in the synergy and growth in its start-up ecosystem.


The businesses in which the surveyed companies engaged include computer and technology (401 start-ups); e-commerce, supply chain management and logistics technology (249); professional or consultancy services (180); design (158); and Fintech (138).


The survey also shows at least 2,039 entrepreneurs were involved in these 1,926 start-ups, of whom 65% came from Hong Kong.


Of the approximately 600 non-Hong Kong founders, the top four origins were the US (20.7%), the UK (13%), the Mainland (11.3%) and France (10.3%).


Acting Director-General of Investment Promotion Charles Ng said the survey results show that innovative founders aspiring for the global markets choose Hong Kong as their base to scale up.