To say that Hong Kong’s startup ecosystem is growing, is an understatement! It’s booming! As more and more success stories pile up, HK is beginning to stake its claim as one of Asia’s hottest startup hubs.
Tytus Michalski (MD, Fresco Capital) wrote in a recent content piece that the most important factor for the tremendous progress during the past five years has been the entrepreneurs themselves. Capital from angel investors and real estate from coworking spaces has surely made it easier overall.
To be honest, there isn't one particular industry that Hong Kong entrepreneurs belong to. Yes, we are inherently well-suited to FinTech thanks to our legacy of being Asia’s financial headquarters. And hardware, while easier said than done, is becoming the weapon of choice for many — attributable, of course, to the proximity to the world’s hardware capital Shenzhen. Other than these two, we've got logistics, productivity application, entertainment, content discovery, gaming and even online platforms for startups themselves.