Hong Kong has an emerging innovation ecosystem centered around its financial industry. The ecosystem began growing in the late 2000s with the founding of coworking spaces and startups. While Hong Kong faces challenges like a small domestic market and high real estate costs, its strengths include an entrepreneurial culture and access to Chinese manufacturing. Key players are working to connect the ecosystem through groups like StartupHK and events. The ecosystem continues to develop connections with nearby Shenzhen as the Pearl River Delta region grows into a major center of innovation in Asia.