According to the 2024 Startup Survey released by Invest Hong Kong, both the number of startups and their employees have reached record high—underscoring the ecosystem's vitality. Let’s take a closer look at the key findings:
1. Record high in the total number of startups
The total number of startups in Hong Kong soared to 4,694 in 2024, marking a 40% increase compared to 2020.
2. Record high in the total numberof employees recruited by startups
Startup hiring has been on the rise since 2021. In 2024, startups recruited 17,651 employees—a 65% jump from 2020.
3. Continuous growth in locations of co-working spaces/incubators/accelerators
Since 2020, the number of co-working spaces/incubators/accelerators grew by 18%, rising from 116 to 137 locations.
4. Attraction of non-local talents
Non-local founders made up 28% of Hong Kong’s startup community in 2024. Among them, 40.3% originated from Mainland China.
5. Most startups are engaged in the FinTech sector
The FinTech sector ranks the top in terms of number of startups in 2024 with 619 such companies. Apart from the leading industries such as Infomration, computer & technlogy and E-commerce, noteworthy growth has been observed in Health & medical and Sustainable technology / Green technology, reflecting a heightened focus on personal health and sustainability.
Interested in starting your own business in one of the fast-growing industries? Here below are some useful resources:
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