Hong Kong Startup Ecosystem ToolBox v.1
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Transcript of Hong Kong Startup Ecosystem ToolBox v.1
1. Introduction to the Startup Ecosystem
2. Startups in Hong Kong
3. Community builders
4. Government support & Universities
5. Incubator and Accelerator Programs
6. Competitions, events
7. Talent's corner
8. Co-working spaces
9. Venture Capital
10. Resources
11. References
W Hub is an online platform where Startups make meaningful connections to growtheir business.W Hub's mission is supported by 3 main pillars:- Community discovery,- Jobs & Talent,- Investors Connection.
The following report aims at sharing insights into the startup ecosystem in Hong Kong. It is basedon external information, our observations and opinions. It is not exhaustive and cannot beconsidered as such. We do not receive financial incentives from the organisations, startups,companies or individuals listed in this report.
This report has been prepared in good faith and with no intention to promote or diminish certainorganisations, startups, companies or individuals in particular.We see this report as a tool to raise awareness and help educate externalobservers about the who and what composing the startup ecosystem in Hong Kong.We offer our sincere apologies if we hurt anybody and will treat all enquiries sent to [email protected].
1. Introduction
2.2 billion HKD GDP (2014)
$310,113 HKD GDP / capita (2014)
2.8% GDP Annual Growth Rate (08/2015)
2.5% Annual Inflation (08/2015)
3.9 million Labour Force (2014)
Since 1997 and the end of 155 years of British rule,Hong Kong has been trying to remain independentfrom China.
Hong Kong is part of China, but a SpecialAdministrative Region (S.A.R.), same as Macau.Both retain their own capitalist economies, whilethe rest of China uses the socialist system. Underthis same principle, each of the three regionscontinues to have their own political system,currency, legal, economic and financial affairs,including external relations with foreign countries.
One Country - Two Systems
Hong Kong's gross domestic product has grown180 times between 1961 and 1997. Furthermore,the GDP per capita rose by 87 times within thesame time frame. Its economy size is slightlybigger than Israel and Ireland.
- As one of the world's leading international financial centres, Hong Kong's service-orientedeconomy is characterised by its low taxation, almost free port trade and well establishedinternational financial market, built on a long history of trade & commerce.
- Hong Kong holds the first rank in the World as freest Economy. Starting a business is easy, so isdoing business easy and safe.
- Startups are defined by disruption and growth. Hong Kong is uniquely positioned to allow fast andhigh scalability: Its ultra-connected population allows to test quickly and the proximity to the PearlRiver Delta (Manufacturing & Supply facilities) and half of the world's population providesimpressive growth potential.
- The Startup scene has been booming in the past 3 years, with an increasing number of co-working spaces, accelerators / incubators, startups, events, andentrepreneurship associations at local universities.
- 3rd "easiest place to do business"
- 8th in the world for "easiness to start a
business" (based on the no. of procedures, time, cost
and minimum capital needed to start a business)
- 4th in simplicity of paying taxes (only 3
payments/year are required in Hong Kong)
- 7th in overall global competitiveness
(based on macroeconomic environment, health &
primary education, goods market efficiency, labour
market efficiency, financial market development
and innovation)
- 1st for "freest economy"
(based on 5 areas: Size of government in the
economy, legal system and property rights, sound
money, freedom to trade internationally and
regulation.
- 1st in protecting minority investors & on the
extent of conflict of interest regulation index and
shareholder governance index
- 3rd least corrupted economy in Asia
- 11th out of 97 economies in IP protection
- 15th in patent application
(13,916 patent applications)
Easy & safe
Internet Speed
. 240% mobile penetration rate
. 1st smartphone penetration for Asia
Mobile
. 2nd internet speed 94.8Mb/s (2015)
. 1st Network Readiness Index in Asia
Social Network. 4.4 M users with a Facebook account - 54% population. 3.1M daily active users on Facebook. 1M LinkedIn members - 13.5% population
Internet. 3.5 bln estimated e-commerce market size. $535 average annuel spend / user. 96% of HK's internet users browse it daily (average 30 min / day). 17,000+ free wifi hotspots across the city
Test quickly: an ultra-connected population
5 hours flight time from half ofthe world's population.
Close to Shenzen and the Pearl River Delta,the manufacturing hub of China
and the world.
Great Demand Great Supply
Scale Big
Though still relatively young and small, Hong Kong ranks within the top 5 fastestgrowing startup ecosystems in the world based on 5 areas: Performance, funding, market reach, talent and startup experience.
Exponentially growing ecosystem
Hong Kong's startup ecosystem is very diverse in multiple aspects:1) Benefiting from its long history in international trade, as logistic hub and financial centre, startupsare disrupting in a huge variety of industries and sectors.2) In terms of gender diversity, it is 2nd in the world for the number of women entrepreneurs (45% ofentrepreneurs are women)3) In terms of origin of founders, half are Hong Kong locals, the other 50% being made up by overseas,Mainland China and returning founders.
A very diverse ecosystem
source W Hub 2016
Mehdi Ferradj, Kawa
Augustin Ceyrac, Easyship
Vincent de Saint Exupery, LCCS
Tania Cheung, Miss Runner
Anita Chan, Sam the Local
"People in this city are clued into global trends; people are eager to hear and try newideas. We have fantastic support structures in Hong Kong to facilitate a start up [...],there is always a channel available to get help from."
"People are super active, fast and ambitious. It is also a comfortable legaland tax environment and fortunately a significant startup community isnow growing actively."
"Shipping out to international customers without the need to pay tax had been a hugecost saving advantage. Sourcing is also a benefit since majority of mills from China hadtheir head office/showroom set up in Hong Kong."
"Hong Kong is a very business focused city where everyone seems either involved in astartup or side business, or thinking about starting one! The proximity with Shenzhenis also key for sectors like IoT and eCommerce. "
"1. Supportive startup community - 2. Diverse background - 3. Very open with sharinginput - 4. Accessibility and number of events - 5. Helpful organisations".
The Entrepreneurs' Voice
2. Startups in
Hong Kong
Even though Hong Kong doesn’t have its unicorn yet, we firmly believe thatthe city is capable of nurturing successful startups. As shown before in thispresentation, HK has a reliable infrastructure, an access to resources(R&D, talent, money), a proximity with large pools of customers and astrong desire for success among the new generation.While the number of exits, amount of money raised or startups growth ratecannot prove the success of an ecosystem alone, it's important to note thatHK is a place where to expect, and look for, exciting (ad)ventures!
Divide is a dual-persona platform, which separates iOS and android devices intotwo personas for work and play.Divide, acquired by Google in May 2014 for US$ 120M.
ZNAP is a global mobile business platform developed by Hong Kong-basedcompany MPayMe.ZNAP has been acquired by Powa Technologies in June 2014 for US$ 75M.
Lucibel designs, produces and distributes LED lighting solutions for commercial,industrial and residential applications.Lucibel strengthens its net equity by € 17 million and goes public on AlternextParis on July 2014.
Alive not dead is an online community dedicated to helping artists.Alive not Dead, acquired by mig33 in February 2014
Plukka is an international retailer of curated collections of designer fine jewelry.Went Public on Dec 3, 2015 / ASX:PKAPreviously raised $1M in 1 Round of funding from Fresco Capital
iClick interactive is a leading integrated advertising technologycompany connecting worldwide advertisers with the audience in China.Its proprietary Programmatic Marketing Platform (“PMP”) is the first ofits kind in China that truly integrates search, display, mobile and socialmedia advertising.
US$ 60M raised in Dec2014 from offices aroundthe world inc. Bertlesmann, Sunitomo,SSG Capital and OTTO.
6waves is a leading publisher of social and mobile games, partneringwith developers all over the world to bring the best games to their userson a gaming network.
Raised $52.59M in 2Rounds from InsightVenture Partners andNexon
CompareAsiaGroup is Asia’s leading and fastest growing financialcomparison platform. CompareAsiaGroup offers a comprehensiveoverview across various financial products, and is a one-stop solutionfor price comparison needs in Asia.
Raised $46M in 3Rounds from 7 Investors$40M in serie A on April2015
fintech
GAMES
advertiSing
Logistics
GoGoVan is a delivery-van reservation and renting service. It allowscustomers to request a van and driver for short deliveries ortransportation through a mobile app.
Raised $26.54M in 4Rounds fromCenturion, Cyberport, Joe (Yi-Zhou) Chen,Renren Inc., Zhemin Hu
WeLab is creating seamless online and mobile lending experiences forthe Asian market. The company operates www.WeLend.hk, the firstonline social (or peer-to-peer) lending platform in Hong Kong.
$20M in 2 Rounds from 7Investors includingAccess Industries, IconiqCapital, SequoiaCapital, Shou Zi Chew
Lalamove connects hundreds of thousands of customers with tens ofthousands of professional van, motorcycle, lorry and truck drivers.Founded in 2013 as EasyVan in Hong Kong, lalamove is the leadinglast-minute intra-city delivery technology in Asia.
$20M in 2 Rounds fromappWorks Ventures, Crystal StreamCapital, Geek Founders, MindWorks Ventures
Logistics
fintech
fintech
fintech
8 Securities is a leading online & mobile investing service in Asia.They serve a large customer base with offices in Hong Kong andTokyo.
$17M in 2 Rounds from 6investors includingChina Growth,Capital, LeitmotivPrivate Equity
InvestLab provides its customizable MIX trading platform through asoftware as a service model to retail brokerages. By using MIX, brokerscan access any market around the world while trading any equity,option, or commodity available.
$10M in 1 round fromCiti Ventures andVantage Point CapitalPartners in 2012
Logistics
mobile
mobile
Acquired Go'N'Live in08-2015$8.1M raised in 2 roundsfrom 7 investors
Boxful is an on-demand storage service dedicated to convenient,affordable, and secure self-storage. Users manage their belongingsfrom their mobile devices or computers.
Exicon's AppBoard helps to Build, Manage and Promote mobileapplications through a cloud-based platform.
$8M Series A on August15, 2015
HotelQuickly is a last-minute hotel booking app in Asia Pacific,currently covering 200+ destinations in 15 countries.
$5.66M in 2 Roundsfrom Boon Hwee Koh,GREE, William E.Heinecke
AMP Credit Technologies (“AMP”) enables banks and other businessservice providers to profitably offer equitable and transparent short-term unsecured loans to their under-served small business customers- in both developed and emerging markets.
fintech
$5M raised
advertizing
Automated data collection and geographic analysis for industry toquantify risks, make decisions and prevent disasters.
$4M in 3 Rounds fromFresco Capital
real estate
social media
health tech
Spacious is an online marketplace connecting buyers and tenantswith properties throughout Asia. Spacious differentiates itself bycombining a superior user experience with powerful analytical toolsand relevant content.
$3.5M in 2 Rounds
9GAG.TV is a website that features user-generated videos undercategories such as fail and prank, comedy, game, cute, movie and TV,music, and more.
$2.8M in 2 Rounds from8 Investors including500 startups and Ycombinator
Prenetics is a DNA bio-technology company focused on providingparents a higher level of pre-natal care which is highly accurate,safe, and non-invasively.
$2.65M in 1 Round from500 startups, CoentVenture Partners, JoelNeoh, SXE Venture
advertizing
MObile
Multichannel is a marketing solution bridging languages, currencies,and regulatory barriers to deliver a message. Through differentiatedmarketing channels across the globe, the message is delivered totargeted clients effectively and efficiently.
Animoca Brands develops and publishes great mobile games based onglobally loved popular brands like Garfield, Doraemon etc.
$3.42M in 3 Roundsfrom Cyberport HongKong, Dmitry Fedotov,Kevin Ng
US$3.5 raised
ecommerce
mobile
mobile
Grana is a fashion brand completely re‐imagined from the groundup. Their mission is to create timeless wardrobe essentials madefrom the world's best fabrics at the most disruptive prices ever seen.
$2.5M in 2 Rounds fromBig Bloom Investment,Bluebell Group, GoldenGate Venture
Marketing automation software where users can quickly integratethe latest Online-To-Offline technologies into their business so theycan: - Increase Revenue - Reduce waste - Create and automatecomprehensive end to end consumer experiences.
Snaptee is a mobile app that enables users to design personalized T-shirts.
$2.1M in 2 Roundsfrom Vectr Ventures
$1.95M in 3 Roundsfrom 11 Investorsincluding FrescoCapital, Yat Siu, SXEVentures, Big BloomInvestment
entertainment
VidOn.me helps users manage all the multimedia resources at home,so that users can access and play them on devices like TV, PC, iMac,iPad, iPhone, Android phone, etc., in any corner of their home.
$2M Seed onDecember 30, 2014
games
edutech
media
social media
Frenzoo is a mobile game startup creating a new class of 3D lifestylegames for girls and women. The company’s offerings include the hitMe Girl™ series, enjoyed by millions around the world.
$2M in 2 Rounds from 6Investors includingFresco Capital,Wavemaker Partners
1. Snap; 2. Ask; 3. Learn. Trusted by 20,000 students across Asia,Snapask provides on-demand academic support from 1800 tutors,from the convenience of your pocket.
$1.8M in 2 Rounds fromArthur Kho and SOSV
Notey features the best blogs on over 500,000 topics.
$1.6M in 1 Round fromHugo Barra, RyanHolmes, Shakil Khan,Steve Kirsch
Lamplight’s platform analyzes billions of social conversations inreal-time to understand, target and influence Asian consumers.
AfterShip is a shipment tracking application for online retailers,supporting USPS, FedEx, DHL, UPS, EMS & over 200 carriers.
$1.5M in 1 Round fromVectr Venture
$1M in 2 Rounds from 2Investors
Logistics
Swapit is amarketplace to tradewanted items nearby.
Lux TNT is a an onlineplatform selling the latestitems from 4 prominentfashion weeks, and offerstailoring services.
Popmap is an onlineplatform showcasingproducts from localstores.
Glamit is a beauty, fashion, andfemale lifestyle technologybrand, developing customized,eco-chic products for women.
Luxify.com is your onlinedestination for browsing,buying and selling new,vintage, and pre-owned luxurygoods.
HelperChoice is anonlineplatform whereyou can find the besthelper for yourhousehold.
Enabling eCommerceCross-Border shippingthrough technology.
Pelago's vision is to createthe next-generationmobile-first social eventsplatform to attract thebest audiences fororganizers worldwide.
Monexo is an onlinemarketplace for peer-to-peer lending.
Gatecoin is a regulated,Money Service Operator-licensed digital currencyexchange in Hong Kong.
Currenxie is a peer to peerforeign exchange platformthat offers moretransparency.
WeConvene brings both thebuy side and sell side ontoa common platform.
FinTech
Hardware
EONIQ is the 1st masscustomization platformfor quality mechanicalwatches.
Fight Heart Disease beforeit strikes with the power ofbig data analytics.
Soundbrenner builds theworld’s first wearablesmart device formusicians.
uHoo develops indoor airquality sensor.
US$ 95kMuku Shuttr is abluetooth remote cameracontrol .
US$ 115kAmbi Climate : The SmartAdd-On For Your AirConditioner.
US$ 160kEzeeCube is an open source,Apple TV®-like, entirely wirelessdevice that automatically syncsand sorts your photos, videos andcontacts.
US$ 31kHuzi puts new perspectives intoeveryday objects by combiningfunctionality and artisticsensibility.
US$ 220kSoundbrenner builds theworld’s first wearablesmart device formusicians.
US$ 296kWith Aumeo, you can tailor yourmusic to custom-fit your uniquehearing.
IoT refers to any smart interconnected devices (e.g. RFID, sensors, etc.) adopted by businesses to obtainmore visibility of the identification, location, and condition of products, assets, transactions, or even people.The ultimate goal is to be able to drive more effective, timely business decisions or to improve customerinteractions.The Hong Kong SAR Government has addressed the importance of IoT in its agenda. The 2014 Digital 21 hasrecognized IoT as one of the latest technologies Hong Kong should adopt and champion, and the 2015 PolicyAddress introduced a new initiative “Energizing Kowloon East” aiming to carry out a pilot study in thatdistrict to examine the feasibility of developing a Smart City.
It's easy to associate Hong Kong with the finance industry.Despite several FinTech accelerators being created recently (cf part 5), the number of FinTech startupsrepresent no more than 5% of the entire ecosystem.Furthermore, the entire spectrum of "Finance" isn't well represented among startups: HK FinTech projectstend to focus on Institutional markets rather than Retail. FinTech entrepreneurs would acknowledge thatwith a population of only 8M habitants, HK doesn't have the same scalability opportunities than India orMainland China.
3. Communitybuilders
Startups can’t do it all alone! We’ve seen over the past 4 years a great number of community buildersstepping up to create social links within the ecosystem. The continuoussuccess of offline events, mentoring opportunities and online communityplatforms is a reliable marker that what the following people are doing ismaking a lasting impact on entrepreneurs.More connections + fast access to quality feedback and mentoring = higherchances of success!
Ada Yip43 Ventures -Startup WeekendChangeMakers
Alan ChanVectr
Alexander ListDim Sum Lab
Alexis BautistaCreative Jam HKKokonuzz
Allison BaumFresco Capital
Ankit SetiStartup WeekendSpotHelp
Bay McLaughlinBrinc
Ben ChengInternet SocietyHong KongOursky Limited
Ben CroxBarCampStartupCommune
Betty WongGoogle Eye Program
Casey LauStartupsHKWeb Summit
Cesar HaradaMakerBay / Protei
Charles NgInvestHK
Cynthia CheungStartupWeekendHackathon
David BaverezPrivate InvestorAuthor
David ChungCyberport
Deepack MadnaniPaperclip
Derek KwikVenture Capital &Private Equity
Elaine TsungGarage Society
Felix LamRed Chapel Advisors
Gene SooStartupsHKCitymapper
Gino YuHong KongPolytechnic University
Gregory SoSecretary for Commerceand EconomicDevelopement HongKong
Holger BartelHarbour Front HKuforepublic Ltd.
Irene ChuKPMG
Ivy ShumTedxHK SMECC
James Munro BoonUnLtd43 Ventures
Jayne ChanStartmeup HK
Jeffrey BroerPostMortem
Jennifer ChengInvestor - Writer
Joanna CheungTuspark
Mart Van de VenOpen Data
Jong LeTEDx Hong KongRGL Ventures
Joshua SteimleMWI - Forbes
Juliet O’halloranCreative mornings
Lawrence MorganNest
Matthew Rudy JacobsCodeaholicsHKCodeConf
Michelle BuultjensBlueprint
Michelle SunWomen Who CodeFirst Code Academy
Paul CheungThe Hong KongUniversity
Peter MokHong Kong Science& TechnologyParks
Stephen BarnesHong Kong VisaCentre
Ray CheungCity University ofHong Kong
Raymond ChuHK PolytechnicUniversityHK Design Centre
Scott LawsonSow Asia
Simon SquibbNest
Theodore MaCocoonmaBelle
Timothy YuHKUAECsnapask
Tytus MichalskiFresco Capital
Yat SiuOutblaze
Karena BelinBusiness Development - Fund Raising - MarketingDouble diploma from ESSEC Business School in Paris / University of Manheim.15 years for Procter & Gamble in Finance, Sales, Strategy and Management.Mentor at Poly U Entrepreneurial Mentorship Network and StartupWeekendBoard member of WOW at the American Women’s Association.
Karen FarzamCommunity Building - Fund Raising - Technology
Double engineering diploma from EPF (France) / ETS (Canada) - Master in InternationalFinance from HEC Paris.6 years for JP Morgan Tokyo as a Exotic Equity Derivatives Trader.Worked in a IoT Startup / Taught Web Development at General Assembly.Co-Founder of Women Who Code HK - Speaker at International Conference.
Diane MensahStrategic Partnerships
Heather LoCommunity Officer
Graduated from Manchester University with a Bachelor in English Language and LiteratureWorked in luxury fashion retail management in the UK for 8 years and 3 years at the UKgovernment Home Office overseas. Diane then joined General Assembly as the foundingAdmissions Manager in the company’s opening year in Hong Kong.
Graduating with a B.A from Sun Yat-Sen University in Foreign Language Study.Spent 2 semesters at the University of Valladodid (Spain).Interned at Swire Properties.
Matthieu BodinCommunity and Fundraising ManagerGraduated with a BBA from Essec Business School in Paris.Worked in the luxury industry and as project manager for a digital agency.Organizer of Startup Weekend HK & DrinkEntrepreneursHK.Co-directing the pre-accelerator Startup Next .
4. Government support& Universities
Commencing to realise the importance of entrepreneurship on the HKsociety, the government is consolidating the programs and organisations itcontrols: More resources, more activities and more visibility. Laws arebeing passed to make HK more attractive: New visa options, maintainingthe simplicity to start / do business and considering to allow certaindisruptions brought by tech startups.Universities are joining the movement by creating new programs.
- Incu-Tech is an incubationprogramme designed for technologystart-up companies. - No equity stake- Financial aid : max HKD 645,000 - 3 years program- Electronics / Green Technology/ Information and CommunicationsTechnology (ICT) / Material andPrecision Engineering
- Incu-Bio is an incubationprogramme designed forbiotechnology start-up companieswhich need wet lab environment fortheir operation. - No equity stake- Financial aid : max HKD 860,000 - 4 years program- Therapeutics/ Personal CareChinese or Herbal Medicine / Regenerative Medicines / MedicalDevices / Diagnostics
- Incu-App in an incubationprogramme which aims to providesupport to web/ mobile applicationtechnology start-ups. - No equity stake- Financial aid : max HKD 300,000 - 18 months program- Web-based applications /Smartphone-based applications /PC/ internet/ smartphone/ consolegames
HKSTP Incu-Tech HKSTP Incu-BIO HKSTP Incu-App
Hong Kong Science & Technology Parks
Cyberport Incubation ProgramThe Cyberport Incubation Programme offersfinancial assistance, supports and services todifferent incubatees.- No equity stake- Financial aid : max HKD 530,000 - 2 years max program- ICT-related Areas
- HK Design Incubation is a programme tonurture start-up companies in the design andcreative fields.- No equity stake- Financial aid : max HKD 260,000 - 2 years program- Design
Cyberport IncubationProgram
HK Design IncubationProgramme
The University of Hong Kong
The Hong Kong University ofScience and Technology
The Hong KongBaptiste University
The Chinese University of Hong Kong
The Hong KongPolytechnique
University
The Lingnan University
City University ofHong Kong
- IfE and J.C.DISI of The Hong Kong Polytechnic University - Good Seed Training and Funding Plan
- Hong Kong Social Enterprise Challenge
- Incubation Support- Vice-Chancellor’s Cup of Student Entrepreneurship
- Business Entrepreneurship Support and Training Programme
- Micro Fund Scheme- Tech Launchpad Fund Scheme
- Student Contest Support Fund- Enterprises Limited
- Entrepreneurship Programme- E-Academy- HKUST One Million Dollar Entrepreneurship Competition
- Technology Transfer Office- Technology Startup Support Scheme
- HKSTPC-PolyU Tech Incubation Fund Scheme
The University of Hong Kong
The Hong Kong University of Science and Technology
The Hong Kong Baptiste University
The Chinese University of Hong Kong
City University of Hong Kong
The Hong Kong Polytechnique University
5. Incubators andAccelerator Programs
HK used to have only a handful of Incubators and Accelerators a few yearsago. It has now a large number of these intense 3 to 6 months programs,allowing the entrepreneurs to focus on their project while fundings, space,mentoring and knowledge may be taken care of. Sometimes associated withlarge MNCs or organisations depending on the government, Incubators andAccelerators are educating a new breed of entrepreneurs.
Seed accelerators also known as startup accelerators are fixed-term, cohort-based programs, that include mentorshipand educational components and culminate in a public pitch event or demo day.While traditional business incubators are often government-funded, generally take no equity, and focus on biotech,medical technology, clean tech or product-centric companies, accelerators can be either privately or publicly fundedand focus on a wide range of industries. - Wikipedia
- Brinc is an IoT program thataccelerates IoT startups fromconcept to sustainablecommercialization.- Take equity stake.- 12 months program.- 3 cities including Hong Kong andShenzen.- Portfolio: 15 startups.
- FinTech Innovation Lab powered byAccenture brings together youngFinTech companies with seniorexecutives from financial institutionsacross Asia.- Take equity stake.- 12 weeks program.- 3 cities including New York, London,Hong Kong.- < 10 startups per batch.
- SuperCharger is powered by StandardChartered, Baidu x APIStore andTusPark Global Network.- take equity stake: 30,000$ for 5%- 12 weeks program.- Based in Hong Kong.
BrincIoT / Hardware
FinTech Innovation LabFinTech
SuperChargerFinTech
Blueprint- B2B
NEST- HealthCare Accelerator powered by AIA- SmartCity Accelerator powered by Infinity- FinTech Accelerator powered by Infinity - Blueprint is a mentor-driven
accelerator program powered by Swire.- No equity stake- 6 months program- Based in Hong Kong- Approximately 10 startups per batch
- Mentor-driven accelerator programs.- No initial equity stake-12 weeks program- Based in Hong Kong
- i2i, funded by JP Morgan, is an accelerator program designed to help businesses clarify their socialimpact, improve their business model, and refine their pitch for investment.. - No equity stake- Financial aid : none - 3 months program- Based in Hong Kong- social challenges / Environment
SOW Asia Incubation program
The Empowering Young Entrepreneurs (EYE)Program is a year-long entrepreneurship programlaunched by Google and Center for Entrepreneurshipof The Chinese University of Hong Kong in 2013. Theinitiative is inspired by the budding entrepreneurialenvironment in Hong Kong. .- No equity stake- Financial aid : max HKD 530,000 - 1 year max program- Based in Hong Kong- Theme “Living in the Mobile-First World”
- Startup Next is an intensive five-week program thatgives your team the tools and mentorship needed tonavigate the early stages of building a startup.- No equity stake- Financial aid : none - 5 weeks program- Based in Hong Kong- Tech
Empowering Young Entrepreneur (EYE)Startup Next
6. Competitions,events
- CoCoon Pitch Night (receive up to HKD 100,000 for the winning team)
- Asia Social Innovation Award (regional audience)
Startup competitions to validate / test / get feedback on your startup
Hackathons or events to start your own business
- Global Student Challenge (competition with international participants)
- HSBC Youth Business Award (validation from a world famous bank)
- International Startup Competition by TiE (compete at an international level at the second round)
- Pitch Perfect ( chance to gain funding from China or overseas investors )
- Seedstars world (international impact)
- Startmeup.hk (organised by InvestHK)
- YDC e-challenge (up to HKD 30,000 for the winning team)
- Young Entrepreneur of the Year by HKFYG (important organisation locally)
- Startup Weekend
- Angelhack
- Codeaholics (gatherings of developers)
- Barcamp (unconference to explore different tech topics)
- Creative Mornings (early morning interviews of "out of the ordinary" professionals)
- DigiMeet (meetup to learn about digital marketing)
- DrinkEntrepreneurs (monthly casual meetup)
- Friday Beer Bay (weekly casual meetup)
- Postmortem Conf (1 day conference with entrepreneurs explaining why they failed)
- Startup Grind (interviews of established entrepreneurs)
- TEDx HK (TED-style events)
- RISE HK (3 days conference with hundreds of startups and thousands of visitors)
- WebWednesday (interviews of entrepreneurs on the way up)
- Women Who Code HK (women web developer monthly gathering)
7. Talent's cornerA startup is composed of a team sharing the same mission and vision.There are many incredibly talented people in Hong Kong and while it isimproving, many engineers would rather work at a larger corporation insteadof a startup. Getting your pool of talent right is therefore a continuouschallenge.Don't underestimate the time and efforts required and hopefully the followingresources will help you along the journey.Get started early, test fast and retain or move on!
W Hub has been the first to organize HK Tech & Startups Job Fair in Hong Kong incollaboration with Garage Society.
With more than 500 talents, 80+ job opportunities and 20 startups, stay put for the nextone on W Hub.
3 HK Tech & StartupJob Fairs
of the startups are proactively looking to recruit talent
2 applications per job on averageThe record is 21
3 talents contacted by startups per job post
35% developers and engineers;15% sales and business developers;12% marketers;8% designers.
and 11% are internships
Date.today.prev_month3
full time positions
source: W Hub
Date.today.prev_month2
8. Co-workingSpaces
1. The Hub Wanchai
2. blueprint
3. Centre O Connect
4. CoCoon
5. Coffice
6. Cowork CHM
7. Cyberport Smart-Space
8. Dim Sum Labs
9. Fashion Farm Foundation (FFF)
10. Garage Society
11. HaHaHub
12. HKFYG Social Innovation Centre
13. HKSTP Soft Landing Centre
14. Hong Kong Commons
15. Incu-Labspace
16. Innovation Lab
17. Jumpstart Offices
18. LOffice IncuCenter
19. MakerBay
20. MakerHive
21. MISSOLINK
22. Paperclip Startup Campus
23. PLATFORM
24. Regus
25. Retro Spot
26. Startup Commune
27. Startup Business Centre
28. The Crafties
29. The Coffee House Cowork
30. The Collab
31. The Good Lab
32. The Hive
33. The Loft
34. Thinkaholic
35. TusParkHK
36. UNO Co-working Space
37. UNWIRE Space
38. Wynd Co-Working Space
9. VentureCapital
Arbor Ventures
- Big data, financial services anddigital commerce- Founders : WeiHopeman, Melissa Guzy- Seed and Early Stage VentureInvestments- Invested in :2C2P - A-SaaS - DemystData -Lufax - paidy - pipaHR -Stockpile - Streem - ABRA
- Hardware + SoftwareIntegration, Robotics, Security,A.I., Smart Home- Family Investment Office- Seed, Early Stage Venture, andLater Stage Venture Investments- Invested in :More than 12 investments inc.Spotify - Bluesmart - InsightRobotics - Wonder Workshop -Kairos Watches - Dash Robotics -Spire Global - Bikanda
Bright Success Capital Click Ventures
- Founder : Carman Chan- Seed, Early Stage Venture, andLater Stage Venture Investments- Invested in :More than 18 investments inc.EventXtra, parklu, Spotify,Palantir Technologies, Meetup,Launchpilots, Scout.
DOW Venture Capital Fresco Capital IDG Capital Partners
- Challenging problems such asthe need for clean water,renewable energy generationand conservation, andincreasing agriculturalproductivity- startup companies in variousstages of maturity across abroad set of markets.- Active since 1993
- Education - Enterprise -Infrastructure - Healthcare -Consumer- Early stage venture investor- Invested in :More than 43 investments inc.Snaptee - Parklu - Plukka -Insight Robotics - Jamn - Fresco- Frenzoo - launch pilots
- Consumer products, franchiseservices, internet and wirelessapplications, new media, education,healthcare, new energy, andadvanced manufacturing sectors.- Primarily focusing on investing inChina related venture capital andprivate equity projects.- Seed, venture, and growth-stagefunding- Invested in more than 400companies
Intel Capital
- Datacenter software,datacenter-cloud, digital media,Internet of Things, ultrabook,manufacturing and labs,security, services -open source,smartphones – tablets,wearables.- Any stage of growth- Invested in more than 300companies
- Seed and Early Stage VentureInvestments- Invested in :Filipagram, Jamn, HummingbirdInnovations, Soapbox, XnotesAlliance
Mind FundMount Parker
- Fund and advise early-stagebusiness ventures in Asia.-Invested in :Gogo Van, Shopline, Cultish
Orchid Asia
- Enterprise Software, E-Commerce, Education- Investment group with offices inHong Kong, Shenzhen, Shanghai,Beijing and Guangzhou- Invested in morethan 10 companies
- Builds and backs sustainablelarge-scale business models inrapidly growing internet markets- Seed and Early Stage VentureInvestments- Invested in / started :Compare Asia - Zalora -FoodPanda - Groupon -HelloFresh
Nova Founders CapitalSequoia Capital
- Energy, Enterprise, Financial,Health Care, Internet, Mobile- Seed, Early Stage Venture, andLater Stage Venture Investments- Invested in more than 600companies
Join these communities to build meaningful connections:
HK communities :- (360+ HK entrepreneurs) HKStartups:- (80+ entrepreneurs, managed by) StartupsHK:
bit.ly/HKstartupsstartupshk.typeform.com/to/SnHD4N
Communities worldwide- (+40 French entrepreneurs) FrenchTechHK: - (3,000+ worldwide) #startup: - (2,300+ worldwide and 70+ in HK) Product Hunt:
bit.ly/FrenchTechHKstartupfoundation.co
phglobal.co
Grow your startup with these lists of online tools:- whub.io/deals
- growth.supply/free
- marketingstack.io
- startupery.com
- toolsalad.com
Entering Hong Kong for the first time and in need of a Visa?
Here are the different types of Visa available :
- Admission Schemes for Talent, Professionals and Entrepreneurs
- General Employment Policy (GEP)
- Investment as Entrepreneurs
- Visit / Transit
- Working holiday
- The American Chamber of Commerce in Hong Kong(AMCHAM) Entrepreneurs / SME
- The British Chamber of Commerce in Hong Kong(BRITCHAM) Business Angels
- The Canadian Chamber of Commerce in Hong Kong(CANCHAM) Entrepreneurs / Small Businesses
- http://www.whub.io/blog
- http://e27.co/
- http://entrepreneurhk.org/
- http://www.fintech.hk
- http://jumpstartmag.com/
- http://scmp.com/
- http://startupshk.com/
- http://techcrunch.com/
- https://techinasia.com/
11. References
http://www.startmeup.hk/en/inside-scoop/news-update/newsfeed/hong-kong-has-17000-free-wifi-spots/Market Indicators http://startupangels.co/market/hongkong/ World Bank’s Doing Business Report 2015 http://www.doingbusiness.org/rankingDB 2015 RankCorruption Perceptions Index 2014 http://www.transparency.org/cpi2014/infographic’The International Property Rights Index 2014 http://internationalpropertyrightsindex.org/WIPO 2014The Global Startup Ecosystem Report 2015 v1.2World Economic Forum http://reports.weforum.org/global-competitiveness-report-2014-2015/economies/#economy=HKGGetting Finding for your Startup - InvestHKHong Kong The Global Connector for Startups - Startmeup.hkStartup ecosystem survey - http://www.startmeup.hk/en/one-stop-hong-kong/startup-ecosystem-survey/ESSEC-Hong Kong Startup SceneHong Kong's internet speed ranked number one in the world_2 Feb 2014 http://www.startmeup.hk/en/inside-scoop/news-update/newsfeed/hong-kongs-internet-speed-ranked-number-one-in-the-world/On Hong Kong’s Booming Start-up Scene_Cyberport https://www.cyberport.hk/files/526a47e7ece89351592355/Cyberport%20Article%20Britain%20in%20Hong%20Kong%20Oct%202013.pdfWhere Business Goes to Grow_InvestHK http://www1.investhk.gov.hk/wp-content/uploads/2015/06/DGIP_Singapore-JP-June-2015-r2.pdfHong Kong GDP Annual Growth Rate_Trading Economics.com http://www.tradingeconomics.com/hong-kong/gdp-growth-annualThe Demographics : Ethnic Groups_Race Relations Unit http://www.had.gov.hk/rru/english/info/info_dem.htmlLinkedIn member http://www.mumbrella.asia/2015/03/linkedin-eclipses-1m-members-hong-kong/http://www.go-globe.hk/blog/ecommerce-hong-kong/http://reports.weforum.org/global-competitiveness-report-2014-2015/economies/#economy=HKGhttp://www.go-globe.hk/blog/social-media-hong-kong/ social media usagehttp://www.go-globe.hk/blog/internet-usage-hong-kong/ internet usagehttp://www.go-globe.hk/blog/smartphone-usage-hong-kong/ smartphone usagehttp://www.doingbusiness.org/data/exploreeconomies/hong-kong-china/http://www.investhk.gov.hk/why-hong-kong/government-support-for-companies.htmlhttp://www.startmeup.hk/en/resources/government-support/http://www.startmeup.hk/en/resources/government-support/http://www.gov.hk/en/business/supportenterprises/funding/http://www.investhk.gov.hk/why-hong-kong/government-support-for-companies.htmlStartbase http://www.startbase.hkTech in Asia https://www.techinasia.com/Statista http://www.statista.com/statistics/250503/big-four-accounting-firms-number-of-employees/http://www.sef.hku.hk/events/Ecosystemresult/50 Hong Kong Startups You Should Get To Know http://foundersgrid.com/50-hong-kong-startupshttp://jumpstartmag.com/coworking-spaces/complete-list-of-coworking-spaces-in-hong-kong/#Cofficehttp://www.immd.gov.hk
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