In a series of blogs, we are going to share with you our findings and insights of Hong Kong’s startup ecosystem, focusing on the funding stage of local early-staged startups.
With the success of several local startups like GoGoVan and the expansion of the American startups such as Uber entering Hong Kong market, a change can be seen in this city. Their unexpectedly high popularity among Hong Kong people perhaps suggests the possibility for entrepreneurs to succeed. And in recent years, there have been increasing new businesses with astonishing ideas and entrepreneurs who are willing to take the risk.
With innovation, great entrepreneurs and sound business plans, capital and support framework become the next important thing in transforming dreams into reality. Base on this, we, archiparti, as a growing Hong Kong startup, would like to shed light on the recent local startup ecosystem and examine what plays the vital role in determining startup’s opportunities of getting investment.
It is hoped that our analysis can help to raise awareness to the Hong Kong startup market and illuminate the development prospect through investigating the ecosystem from different perspectives. Followings are the basic findings with our dataset and more is going to be rolled out:
- Number of local startups involved: 232
- Percentage of funded startups: 23%
- Major sources of data: AngelList, Crunchbase, government statistics, etc
- Data as of October 2016
Curious about what’s going on in Hong Kong’s startup industry? Which types of startups receive more fundings or which field is facing a greater hurdle to obtaining capital? In following blogs, we will present you with our analysis result and give an answer to your curiosity! So stay with archiparti for more astounding findings.