Hong Kong entrepreneurs are optimistic about the future growth prospects of their companies. However, growth may be constrained if support is not better targeted to the needs of start-ups as they grow and scale, this year’s Transforming Hong Kong through Entrepreneurship study jointly launched by KPMG China and the Alibaba Hong Kong Entrepreneurs Fund finds.
This is the second year of the joint study, which examines the vibrancy of Hong Kong’s start-up ecosystem, identifies gaps that need addressing to help drive further progress, and provides recommendations to further enhance the Hong Kong SAR’s start-up landscape.
The study is based on surveys of 393 Hong Kong-based entrepreneurs and students, interviews with key opinion leaders and an analysis of venture capital funding directed at Hong Kong start-ups.
This year’s study features the inaugural Hong Kong Entrepreneurship Development Index, which tracks entrepreneurs’ and students’ current perceptions and future outlook for ten factors related to purpose and capabilities measured in the survey.