In the competitive world of global business, Hong Kong stands out as the go-to hotspot for entrepreneurs and investors alike. Known for its unrivaled infrastructure, strategic location, and pro-business tax system, this vibrant city is becoming the preferred launchpad for startups aiming for sizeable market growth.

Since 2020, the startup landscape in Hong Kong has surged by nearly 50%, with the total number of startups skyrocketing to an impressive 4,694 by 2024. The surge is largely attributed to the government’s supportive policies that foster innovation and provide access to the vast markets of Mainland China and Asia.

A Hotbed of Innovation: The Numbers Tell the Story

Hong Kong's reputation as a financial hub translates seamlessly into its startup ecosystem. According to the 2024 Startup Survey by InvestHK, FinTech reigns supreme with 619 startups, followed closely by Information & Computer Technology (517), E-commerce (410), and EdTech (406). Meanwhile, HealthTech and GreenTech are also seeing significant growth, aligning with global trends and local demands.

Notably, 28% of startup founders hail from outside Hong Kong, highlighting the city’s appeal to top global talent. Among them, Mainland China is the largest source at 40.3%, with others coming from places like the UK (10.7%), USA (9.0%), and France (5.6%). This diverse influx of talent is undeniably a catalyst for creativity and innovation in the region.

A Flourishing Ecosystem Breeds Unicorns

The vibrant startup scene in Hong Kong has nurtured over 20 unicorns since the first one emerged in 2017. The city has also cemented its position as the world’s second-largest fundraising hub for biotechnology, attracting significant investment in this critical sector.

Government Backing & Future Vision

The Hong Kong government is wholeheartedly committed to transforming the city into a leading innovation and technology (I&T) powerhouse, with over USD 25 billion invested in recent years. The Hong Kong I&T Development Blueprint lays out an ambitious roadmap for the next 5 to 10 years, focusing on enhancing the I&T ecosystem, expanding talent pools, and promoting global I&T collaboration.

With five universities ranking in the top 100 of the QS World University Rankings 2025, Hong Kong produces a steady stream of highly skilled graduates who are essential for this growing industry.

Support Mechanisms that Empower Startups

In addition to its strategic advantages, Hong Kong offers robust support systems for startups through entities like the Hong Kong Science and Technology Park (HKSTP) and Cyberport. These organizations provide critical resources, from incubation and acceleration to funding opportunities, helping young companies scale and thrive.

Why Hong Kong? Unmatched Advantages Await

What truly sets Hong Kong apart is its unique blend of favorable business conditions and historical legacy as a global business hub. With a minimalist tax regime, including no sales tax, capital gains tax, or estate tax, it’s no wonder that Hong Kong is dubbed the world's freest economy.

Strategically located, Hong Kong serves as a super-connector to Mainland China and the wider Asian market, making it an ideal launchpad for companies testing their business ideas in a dynamic environment. Major regional hubs are just a short flight away, and with the world’s busiest air cargo airport, it acts as a gateway between China and the world.

InvestHK: Your Partner in Business Growth

For investors and entrepreneurs, InvestHK acts as an essential ally, facilitating the establishment and expansion of businesses in the city. In 2024 alone, InvestHK assisted a record 539 companies, marking a 41% increase from the previous year.

With its unbeatable combination of a supportive business environment, strong government backing, and strategic location, Hong Kong is not just a dream for startups; it’s a thriving reality where tomorrow’s unicorns can flourish.