1) The document provides information on Hong Kong's startup ecosystem, including statistics on the number of startups, founders, sectors, accelerators, and public funding programs available. 2) It highlights events from StartmeupHK Festival 2017, including venture forums on retail technology, fashiontech, smart cities, and fintech. 3) Contact details are provided for StartmeupHK, the organization that promotes Hong Kong as a startup hub and connects entrepreneurs through events like the annual festival.

1. Jayne Chan
Head, StartmeupHK

2. HEART OF
ASIA
Hong Kong

3. Most of Asia’s key
markets within four
hours’ flight time
From half the
world’s population
Hong Kong
4hrs
5hrs
More than 100 airlines operate about 1,100 flights daily,
linking the Hong Kong International Airport to 190
destinations worldwide, including 47 Mainland cities
GLOBAL SUPER
CONNECTOR
The busiest air cargo airport in the world – 4.52 million
tonnes of cargo handled in 2016
(Airport Authority Hong Kong)

4. ONE COUNTRY TWO SYSTEMS

5. LOW & SIMPLE
TAX SYSTEM
• VAT/GST/Sales tax
• Capital Gains Tax
• Withholding tax on
investments
• Estate duty
• Global taxation
• Wine duty
HONG KONG
SINGAPORE
SHANGHAI*
Corporate Income
Personal Income
Employer Social
Security
Employee Social
Security
VAT
* There is no standard rate across the Mainland China. Shanghai is used as an example.
Hong Kong has signed
Comprehensive Double
Taxation Agreements (CDTAs)
with 37 jurisdictions.
Negotiations with
13 jurisdictions are in progress.
25%
45%
37%
11%
17%
17%
20%
16%
20%
7%
16.5%
15%
5%
5%
0% VAT
(as of Mar 2017)

6. Zhaoqing Foshan
Guangzhou
Dongguan
Huizhou
ShenzhenZhongshan
Jiangmen
Zhuhai
Macau
GREATER PEARL
RIVER DELTA
POPULATION
68mn
>UK, Italy, South Africa
GDP
US$1,328bn
>Indonesia, Netherlands, Turkey
LAND AREA
56,000km2
<Ireland, Latvia, Panama,
West Virginia (US)
Hong Kong
Source: CBRE Research

7. SOCIAL MEDIA – EAST MEETS WEST

8. BUSINESS-TO-
CONSUMER
5.1M
in Asia Pacific
142,000 HNWIs in HK,
up 281% (2009-2015)
42.8M
from Mainland
56.7 million visitors
in 2016
HK is ranked as
the 2nd most
attractive global
destination for
luxury retailer
(Jones Lang LaSalle,
2016)
US$56bn
Total retail sales in value
(Hong Kong Retail Management Association,
2016)
61Michelin-starred
restaurants in HK
(Apr 2017)

9. BELT & ROAD
Hong Kong:
the Super-Connector between
Mainland China and the world
Hong Kong
21st Century Maritime Road
Silk Road Economic Belt
TURKEY
IRANIRAQ
CHINA
INDIA
SRI LANKA
INDONESIA
THAILAND
Beijing
Urumqi
Basra
Khambhat
Kollam
Banda Aceh
Guangzhou
Quanzhou
Xi’an
South China sea
Bay of Bengal
Andaman sea
Arabian sea
Indian Ocean Belttung
OMAN
BANGLADESH
ITALY
RUSSIA
KENYA
Sources: China-US Focus, Xinhua Finance Agency

10. HONG KONG
THE GLOBAL
CONNECTOR FOR
STARTUPS
2016

11. HONG KONG
STARTUP ECOSYSTEM
5,618workstations
5,229
staff (including founders)
employed by startups
1,926
startups
(+24%)
from 2015
(+41%)
from 2014
(+24%)
from 2015
Source: Startup Profiling Survey, InvestHK, 2016

12. 62%
HK
locals
35%
From
overseas,
Mainland or
Taiwan
3%
HK returnees
FOUNDERS
1,912 VS 2,039(in 2015) (in 2016)
(50% in 2015) (7% in 2015)
(43% in 2015)
Number of founders
Origins

13. United States, 20.7%
United Kingdom,
13.0%
Mainland
China, 11.3%
France, 10.3%
Australia, 4.8%
Germany, 4.7%
Canada, 3.2%
Netherlands, 3.0%
Singapore, 2.8%
India, 2.2%
Italy, 2.2%
Japan, 2.2%
Taiwan, 1.8%
Korea, 1.5% Other countries /
territories, 16.3%
COUNTRY OF ORIGIN: FOUNDERS

14. SECTOR DISTRIBUTION
217 (195)
39 (36)
26 (21)
40
44 (26)
104 (57)
200 (48)
86 (74)
124
137 (77)
142 (106)
273 (273)
282
7
13
17
25
25
28
32
35
54
76
128
138
158
180
249
401
0 50 100 150 200 250 300 350 400 450
Others / don't know
Robotics
Retail technology
Biotechnology
Gaming
Smart city
Sustainable technology / Green technology
Data Analytics
Social innovation / venture
Health & Medical
Education & Learning
Hardware (IoT, 3-D printing, prototypes, wearables)
Financial Technology (FinTech)
Design
Professional or Consultancy Services
E-commerce / Supply chain management / Logistics technology
Information, Computer & Technology
2016*
2015 (2014)
Note:
“E-commerce” and “Supply Chain Management /
Logistics Technology” are separate categories in 2016
survey. They are combined here for year-on-year
comparison purpose
* Some startups engage in more than one sector
2014 figures, if available, are set out in brackets

15. ACCELERATORS & INCUBATORS

16. PUBLIC FUNDING
Startups
(1) VC Matching Fund - 2017 Q2
(2) Technology Voucher Scheme (matching funds)
(3) Soft Landing Programme
(US$65/week/workstation)
(4) Incubation Programmes
(5) Design Incubation Programme
(6) Creative Micro Fund – HKTSP companies
(7) Microfinance Scheme
(8) Technology Start-up Support Scheme for
Universities (TSSSU)
(9) Corporate Venture Fund (CVF) – HKTSP
companies
R&D
(1) Enterprise Support Scheme (ESS)
(2) University-Industry Collaboration Programme (UICP)
(3) Innovation & Technology Support Programme (ITSP)
• R&D Cash Rebate Scheme
• Public Sector Trial Scheme
• SME Development Fund
(4) Internship Programme
(5) Patent Application Grant
(6) Innovation and Technology Fund for Better Living
Financing
(1) Export Credit Insurance
(2) SME Financing Scheme
(3) SME Loan Guarantee Scheme
Design
Branding
Market development
(1) Design Smart
(2) Design-Business Collaboration Scheme
(1) BUD (Enterprise Support Programme)
(1) SME Marketing Fund

17. SAVE THE WEEK! 2018
STARTMEUPHK FEST (29/1-2/2)

18. STARTMEUPHK
FESTIVAL 2017
16-20 JAN 2017

19. FESTIVAL OBJECTIVES
• Promote Hong Kong as a startup hub
• Showcase Hong Kong’s startup ecosystem &
celebrate its innovation and success stories both to
a local and international audience
• Connect and encourage collaboration between
overseas entrepreneurs and local
startups/companies
• Attract innovative startups, serial entrepreneurs,
investors and community partners to the city

20. STARTMEUPHK VENTURE FORUM

21. RETAIL’S CUTTING EDGE

22. FASHIONTECH ASIA

23. THE CONNECTED CITY

24. FINTECH FINALS 2017

25. HEALTHTECH ASIA

26. STARTMEUP.HK
#startmeuphk
www.facebook.com/startmeuphk
Tel: (852) 3107 1000
Email: startmeuphk@investhk.gov.hk
25/F, Fairmont House, 8 Cotton
Tree Drive, Central, Hong Kong
www.startmeup.hk