Small and medium enterprises (SMEs) are the bedrock of Hong Kong’s economy, accounting for more than 98% of enterprises and employing about 45% of the private sector workforce in the city. With a view to strengthening support for SMEs to attain prosperity and success, the Trade and Industry Department consolidated the services of the existing four SMEs centres to provide one-stop "Four-in-One" integrated services for SMEs to obtain information and services at any of the Centres and launched a web portal called "SME Link" for SMEs to access comprehensive information and support services from a single online platform. Access comprehensive information from a single online platformSME Link features links to latest information on the SME support services provided by the four SME Centres and various Government bureaux and departments. Support and Consultation Centre for Small and Medium Enterprises (SUCCESS) SUCCESS under the Trade and Industry Department in collaboration with various industrial and trade organisations, professional bodies, private enterprises and other Government departments to provide SMEs with business information and consultation services free of charge. "Meet-the-Advisors" Business Advisory Services (BAS) provided by SUCCESS that makes arrangements for SME encountering problems relating to the starting and running of a business to consult experts for their professional advice on 25 advisory areas, including setting up business, marketing, legal and accounting matters. SME Centre SME Centre under the Hong Kong Trade Development Council (HKTDC) offers a comprehensive business library, meeting areas, function rooms and business support services. In association with various partner organisations, including industry organisations, chambers of commerce and Consulates in Hong Kong, the HKTDC provides a free business advisory service for SMEs to capitalise on trade-related business opportunities.The HKTDC Transformation Sandbox (T-box) is a SME support programme that helps SMEs enhance business competitiveness and achieve transformation goals in the areas of branding, e-commerce, manufacturing and supply chain solutions and new markets. Dedicated T-box staff will work with SMEs to identify goals and provide support over a three-month period, with group and individualised services, including advisory services, workshops, government-funding information, market knowledge and networking opportunities. The programme is offered free of charge and is open to all companies registered in Hong Kong. SME One SME One under the Hong Kong Productivity Council strives to facilitate local SMEs and startups to sustain their businesses’ competitiveness by providing to startups and inventors various supports, timely assistance and comprehensive information on market insights, technology transformation and government funding schemes, through its Inno Space and InnoPreneur Network. Assistance provided includes Meet with New Faces, eClinics, Seminars/Workshops/Study Missions and O2O Platform to showcase Tech and Business Solutions. TecONE TecONE under the Hong Kong Science and Technology Parks Corporation (HKSTP) provides detailed information on various funding schemes and indepth advisory services (in particular technology-related programmes under the funding schemes of HKSTP or the HKSAR Government), including professional guidance on the application of the funding schemes. Other topical contentInformation and services under the cluster "Support for SMEs" of the SME Link are categorised by subjects under a customer-oriented approach, comprising "Government Funding Schemes", "Non-financial Assistance", "Startups", "Mainland Market" and "Overseas Markets", facilitating SMEs to search for useful information and services in a more systematic way.
Looking for a greater stage to showcase your innovative ideas? The 9th Hong Kong University Student Innovation and Entrepreneurship Competition is open for application. You may form teams with post-secondary students and graduates from other institution and winners will have the chance to participate in national innovation and entrepreneurship competitions. Organised by Hong Kong New Generation Cultural Association, and co-organised by Hong Kong Science & Technology Parks Corporation with the support from Innovation and Technology Commission, the Competition has set up two individual streams, namely Innovation and Entrepreneurship. Participants are required to submit research thesis, invention or PowerPoint and proposals to present their project ideas on a wide spectrum of topics ranging from science and information technology to education and culture. Current students of Hong Kong’s full-time post-secondary programmes are eligible for the Competition; projects from graduates who graduated in the past 5 years or Cooperative Projects from teachers and students are also eligible for the Entrepreneurship stream. Registration is open from today till 31 March 2023. For further details on the Challenge and registration method, please visit the official website. (The video is in Chinese)
Co-working Space LocatorMore
Apart from capital and social networks, young people may also need office space or studio to launch their businesses. In recent years, many young entrepreneurs prefer to develop their business in a co-working space. Paying heed to their own needs and budget, young people can choose a suitable one from the many co-working spaces across the territory.
SME One Foyer, G/F, HKPC Building