Hong Kong Startup’s Ecosystem
As one of the world’s major international financial hubs, Hong Kong’s geographical, financial and market advantages have attracted a huge number of start-up companies. Currently, Hong Kong has more than 2,000 startups and 100 co-working spaces.
Start-ups represent highly innovative talent but may lack operational and management experience. The slowdown in global economic growth, coupled with the global pandemic of coronaviruses, has brought new difficulties and severe challenges to start-ups.
Challenges faced by Start-ups
Lack of Practical Experience
Difficult to Maintain the
Product and Service Quality
Higher Risks of Information Security
To assist the local tech start-ups to improve their quality development, the Hong Kong Society for Quality (HKSQ) successfully obtained the funding supporting from the “SME Development Fund” of the Hong Kong Trade and Industry Department in mid of 2019 to implement the project of “Feasibility study on the quality of Hong Kong start-up development for supporting the sustainable business growth”.
HKSQ invited Hong Kong Quality Assurance Agency (HKQAA) as the project implementation agent, to organize a series of seminars and workshops from 2020 to 2022, and compose the “Practical Guidelines for Good Management Practices for Start-ups”, aiming to help Hong Kong’s start-ups specifically enhance their resource allocation and operational management capabilities.