📈 Hong Kong is buzzing with entrepreneurial energy! In 2024, the Hong Kong Special Administrative Region (HKSAR) hit an all-time high with 4,694 startups, marking a 10% jump from last year and a whopping 40% surge since 2020.
These innovative ventures aren't just numbers—they're powering the economy with nearly 18,000 employees, up 7% from last year and soaring 65% over the past four years. Talk about growth! 🚀
Alpha Lau, Director-General of Investment Promotion at InvestHK, credits this boom to proactive government support for emerging sectors. \"The government's push in innovation and green energy is really paying off,\" she said. Key growth sectors include \"health and medical\" and \"sustainable and green technology\"—areas shaping a brighter future for all. 💚
But that's not all! To lure top international startup accelerators, the HKSAR government unveiled the I&T Accelerator Pilot Scheme, pumping in 180 million Hong Kong dollars ($23.19 million). This initiative offers a one-to-two matching fund between the government and institutions, making Hong Kong an even hotter spot for global innovators. 🌍
InvestHK isn't slowing down either. They're set to enhance Hong Kong's biz scene by showcasing the city's advantages to investors worldwide, thanks to their network of 34 global offices. Plus, they're opening a new office in Türkiye in early 2025, expanding their global footprint and strengthening ties under the Belt and Road Initiative. 🌐
With these exciting developments, Hong Kong is solidifying its place as a global startup powerhouse. Keep an eye on this vibrant city—big things are happening! 👀
Reference(s):
cgtn.com
