Hong Kong is ranked in the top five fastest growing startup ecosystems and one of the world's top 25 startup hubs, according to the Global Startup Ecosystem Ranking 2015 study released yesterday by the San Francisco-based research firm Compass.
The index is produced by ranking ecosystems along five major components: Performance, Funding, Talent, Market Reach, and Startup Experience.
The University of Hong Kong and InnoFoco (a Hong Kong-based consultancy) are the research partners of Compass on the study of Hong Kong's startup ecosystem.
Hong Kong's startup ecosystem has grown rapidly in the last two years, thanks to the growing local and expatriate startup communities. The number of early to late stages tech startups is now estimated to be around 2,000.
Hong Kong also achieves a top ten ranking in market reach, due to its proximity to the large Mainland Chinese market, convenient access to other Asian markets, the long history of open markets and deep international trading expertise. All these make Hong Kong an attractive launch pad for startups to scale globally.
28/07/2015 14:40
HK ranked in top 5 of world's fastest growing startup hubs
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