Hong Kong has for many years won praise globally for supporting startups. As an Independent Administrative Region of China, Hong Kong works very hard to support businesses and stay ahead of other nations.
The developments of the last decade have demonstrated that the world is adrift towards technology based systems. Now, Hong Kong is even more committed to ensuring that every investor with a tech idea is supported. Here are three reasons why you should base a tech startup in Hong Kong.
The government supports the ventures with funds
The Hong Kong administration sets aside a lot of funds every year to help startups that do not have ample financial base. This means that you can concentrate on the tech product and leave the funding to come from the government. Moreover, company formation in Hong-Kong is very easy and quick if you are accompanied by the right specialist.
Whether you are working on mobile apps or the next Artificial Intelligence service, the Hong Kong administration want to be part of you through support via programs such as the Cyberport Incubation Program.
Different programs help startups to learn management skills
Often, many tech experts do not make great managers. They are usually too busy working on the tech products and rarely develop the right managerial skills. This has been the main reason that a lot of startups die at the incubation stage.
However, coming to Hong Kong will help you to get the necessary skills to start seeing the technology as a business. You have an opportunity to meet with other investors who are ready to nurture your skills for success.
The incubation programs create a link with different investors
When you create a great product, one question that might be disturbing is how to get it out there? But this should not be a problem if you come to Hong Kong. The programs held by the government in conjunction with other tech firms will bring investors right to your door steps. This is a great way to sell a tech product for a lot of money, forming partnership, or joining a great company to implement an idea.