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Asia Tech Podcast

EP 342 - Is Hong Kong the Best Place to Build a Tech Startup? - Jayne Chan - Head of Startups at Invest Hong Kong

22 Oct 2024

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In a dynamic conversation with Jayne Chan, Head of Startups at Invest Hong Kong, I had the privilege of exploring the intricacies of Hong Kong's startup landscape. Our discussion touched on the city's role as a financial hub, the impact of global talent, and the evolving tech environment that continues to shape its entrepreneurial ecosystem. Some of the topics that Jayne covered in detail: Hong Kong's startup ecosystem is international and diverse. 27% of Hong Kong’s startup founders hail from outside the city, representing a rich blend of ideas and innovations from places like Mainland China, the UK, the US, France, and Australia. Hong Kong's status as one of the world’s leading financial centers provides a natural foundation for a thriving fintech sector. Ranked third globally, just behind New York and London, the city attracts financial professionals who often pivot into FinTech entrepreneurship. While FinTech dominates, Hong Kong’s startup ecosystem is increasingly diversifying into deep tech, biotech, and green tech...standing as the second-largest fundraising hub for biotech globally. Hong Kong’s unique geographical and economic positioning as a conduit to Mainland China could be a distinct advantage for startups. With a population of 86 million and a combined GDP of $2 trillion, the GBA offers immense market potential for both B2B and B2C startups. Invest Hong Kong doesn’t just promote Hong Kong as a destination for startups—it plays an active role in helping startups scale. Invest HK's connection initiatives act as a marketplace where startups can showcase their solutions and find the resources they need to grow.

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