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Startup ecosystems can be fragmented, competitive, and hidden to newcomers, which is detrimental for local startups and community growth. The Startup Ecosystem Canvas seeks to provide local entrepreneurs with a clear list of resources for every stage of their startup journey, and outline a basic framework for communities to map their ecosystem.

With applications for the Hong Kong Founder Institute coming to a close, we are excited to release the Hong Kong Startup Ecosystem Canvas, which is currently in Draft v2 below! It was developed by the Hong Kong Founder Institute and local leaders Andrea Livotto, Jeffrey Broer, and Leo Ku.

This is just a DRAFT, and more input is needed, so please leave your comments on this collaborative Google document to help us complete the list. There are definitely omissions on this current version. 

Are you looking to start a company in Hong Kong? Then apply to the Hong Kong Founder Institute today!

 

Startup Stages


There is no one right way to build a technology company, but for the sake of simplicity we have outlined a basic, common, sequential framework.

1. Idea Stage

This is where new entrepreneurs get inspired, learn best practices, develop skills, validate ideas, and begin to build their team and product.

A. Inspire

  • Startup Media: Centralized local information, listings, and news. (i.e. startup blogs/ publications/ lists/ FB groups/ newsletter)
    1. EntrepreneurHK
    2. FinTech Hong Kong
    3. FinTech News Hong Kong
    4. Hong Kong Startups List
    5. Jumpstart
    6. Notey HK
    7. StartbaseHK
    8. Startmeup.HK
    9. Startup Digest HK
    10. StartupsHK
    11. Tech in Asia Hong Kong
    12. Tech.co Hong Kong
  • Inspirational Events: Open, inclusive, beginner startup events (i.e. Startup Weekend, idea fairs, and inspirational meetups)
    1. DrinkEntrepreneurs Hong Kong
    2. DrinkEntrepreneurs Shenzhen
    3. Entrepnr Hong Kong Meetup
    4. FE Creative Workers x Startupers
    5. Friday Beer Bay for Web, Tech & Startups
    6. HK Young Lady Startup Meetup
    7. Hong Kong e-Startup Club
    8. Hong Kong Hardware Massive Startups Meetup
    9. Hong Kong IT Startups Meetup @ Thinkaholic
    10. Ladies Business Club Hong Kong Meetup
    11. Lady Startup Meetup
    12. Mettā
    13. Shenzhen Hardware Startups Meetup
    14. Shenzhen Startups
    15. Startup Blink Hong Kong
    16. Startup Salad Shenzhen
    17. Startup Weekend Hong Kong
    18. Startup Weekend Shenzhen
    19. StartwareHK Hardware Massive Meetup
    20. Thursday Social Meetup

B. Educate

  • Best Practices: Beginner knowledge-sharing events. (i.e. beginner events that serve to educate more than inspirate, like Startup Founder 101).
    1. Agile Hong Kong Meetup
    2. Blockchain Startups Hong Kong
    3. Clarity
    4. CoCoon Entrepreneurship Community Meetup
    5. EntrepreneurHK (Startups & Developers) Meetup
    6. HackerNest Hong Kong Tech Socials
    7. HK Crowdfunding Salon for Female Entrepreneurs
    8. HK Entrepreneurs, Start-ups & BlockChain Lovers Community
    9. Hong Kong Startup: Idea to IPO
    10. Hong Kong Startup and SME Organization Meetup
    11. Hong Kong Startup Founder 101
    12. Lean Start-Up Fundamentals: Best Practices for Entrepreneurs
    13. RocketBuddy Meetup
    14. Shenzhen Startup Founder 101
    15. Startup Grind Hong Kong
    16. Startup Grind Shenzhen
    17. Startup Resources Meetup
  • Training & Feedback: Skill & Idea development. (Ex. bootcamps and comprehensive training programs, like Founder Institute)
    1. Accelerate
    2. AlphaCamp
    3. Altcademy
    4. CampXAsia
    5. First Code Academy
    6. Founder Institute Hong Kong
    7. General Assembly Hong Kong
    8. Lean Startup Machine Hong Kong
    9. Make School
    10. Paperclip Startup Campus
    11. StartLab

C. Validate

  • Team Formation: Resources for teaming up. (i.e. events or other resources that facilitate early-stage recruitment and cofounder matching)
    1. CoFounders Club
    2. CoFoundersLab
    3. Founders Central
    4. Founder2be
    5. Founder Dating
    6. Young Professional Entrepreneur Networking Hong Kong
  • Build First Product: Hackathons & resources to build. (i.e. hackathons and other builder-focused events and resources)
    1. Angelhack Global Hackathon Hong Kong
    2. FinTech Hackathon
    3. Hack Horizon
    4. HackTrain
    5. Imagine Cup
    6. MedTech Hackathon
    7. PolyHack

2. Launch Stage

In this stage, entrepreneurs establish and formalize the company, develop the product, get feedback from customers, and prepare for the next step.

A. Start

  • Establish: Law firms & banks for startups
    1. Bank of China (Hong Kong)
    2. Charltons
    3. Citibank Hong Kong
    4. DBS Hong Kong
    5. Dechert LLP
    6. Dentons
    7. Dorsey
    8. Dragon Law
    9. Dundons Solicitors
    10. HSBC Hong Kong
    11. Hang Seng Bank
    12. Letters & Thoo
    13. Morrison Foerster
    14. Orrick
    15. Standard Chartered Bank
    16. Tanner De Witt Solicitors
    17. Wilson Sonsini Goodrich & Rosati
  • Workspace: Co-working and flexible workspaces (note: “official” office space goes in 3.1.a. Infrastructure)
    1. Campfire
    2. Central Park Co-Working Space
    3. Centre O
    4. CoCoon
    5. HaHaHub
    6. MakerHive
    7. Ooosh
    8. Paperclip
    9. Playground.work
    10. Smithfield Collective
    11. The Coffee House
    12. The Desk
    13. The Garage Society
    14. The Hive
    15. The Loft
    16. The Wave
    17. Three Keys
    18. UNO Co-working
    19. WeWork
    20. Wynd

B. Develop

  • Formalize: Accounting, development and HR for early-stage startups.
    1. A Match Consultant
    2. Baker Tilly Hong Kong
    3. Cornerstone HK
    4. Digital Butter
    5. Fastlane Capital
    6. Fresh Accounting
    7. Grayscale
    8. Harbour Studios
    9. Hong Kong SEO HK
    10. Hudson
    11. Infinity Technologies
    12. Javacatz
    13. Jump Hong Kong
    14. KPC Accounting
    15. One Solution
    16. Oursky
    17. Pathfinder Talent Solutions
    18. Profit Accounting
    19. Robert Walters
    20. Rush Hour Media
    21. Salt Digital Recruitment
    22. sans
    23. Set Sail Software
    24. WECREATE
    25. We Software Limited
  • Prepare for Seed: Incubators and advanced mentorship. (i.e. advanced knowledge sharing, later stage events and resources for startup TEAMS)
    1. Cyberport Incubation Programme
    2. Global Development Incubator
    3. Hong Kong Design Incubation
    4. Hong Kong Science & Technology Parks Incubation Programmes
    5. Impact Incubator
    6. LimeHK
    7. Startup Next Hong Kong
    8. The Cage

C. Launch

  • Seed Accelerators: Seed funding mentor programs (Techstars-style programs that provide funding)
    1. Ablaze
    2. AIA Accelerator
    3. Betatron
    4. Blueprint B2B Tech Accelerator
    5. Brinc
    6. DBS Accelerator
    7. FinTech Innovation Lab
    8. G-Startup Worldwide Hong Kong
    9. Infiniti Lab
    10. SOW Asia i2i Accelerator Programme
    11. SuperCharger FinTech Accelerator
    12. Zeroth.ai
  • Pitch & Demo: Show local startups for investment (i.e. demo days for companies seeking seed investment)
    1. Angelhack Global Hackathon Hong Kong: Demo and Pitch
    2. CoCoon Advanced Pitch @ TDC
    3. Fintech O2O: FinTech Beyond Borders - Exploring Korean FinTech Pitch and Panel in Hong Kong
    4. HRTechTank Hong Kong HR Technology Demo Day
    5. SuperCharger 2.0 Demo Day

3. Growth Stage

Here, a startup proves their utility, receives recognition, and scales up. This usually requires funding, angels, VCs, and ways to connect them to startups.

A. Recognition

  • Investor Networking:  Connect professional investors with founders. (i.e. events or groups that facilitate connections with professional investors)
    1. Angel Investment Network Hong Kong
    2. AngelVest Group
    3. Big Bloom
    4. Ellevate
    5. FundForum Asia
    6. Hong Kong Business Angel Network
    7. Hong Kong Investor Relations Association
    8. Hong Kong Venture Capital and Private Equity Association
    9. iFAST
    10. RISE Conference
    11. Startup Angels Hong Kong
    12. Startup Asia
    13. TiE Hong Kong
    14. Venture Investor Alliance of Hong Kong
  • Major Media: Mainstream local business press. (i.e. major local or regional publications that frequently champion local businesses)
    1. BeFast.TV
    2. China Daily Hong Kong Edition
    3. Headline Daily
    4. Hong Kong Business
    5. Hong Kong Commercial Daily
    6. Hong Kong Economic Journal
    7. Hong Kong Economic Times
    8. Hong Kong Free Press
    9. Ming Pao
    10. Sing Pao Daily News
    11. Sing Tao Daily
    12. South China Morning Post
    13. StartupBeat
    14. The Standard

B. Funding

  • Angels / Micro-VCs: Seed-stage investors
    1. Adam Lindemann
    2. Alan Chan
    3. Allison Baum
    4. B. Paul Santos
    5. Brett Mason
    6. Carman Chan
    7. Chipper Boulas
    8. Edith Yeung
    9. Gordon Yen
    10. Hilton Tam
    11. Jag Singh
    12. Martin Haigh
    13. Matt Cheng
    14. Max Burger
    15. Richard Chan
    16. Rick Myers
    17. Shu Duan
    18. Sid Mewara
    19. Tommy Chia
    20. Tytus Michalski
    21. William Bao Bean
    22. Yat Siu
  • Venture Capitalists: Series A and beyond
    1. Apax Partners
    2. Arbor Ventures
    3. Bigcolors
    4. Bright Success Capital
    5. Click Ventures
    6. Fresco Capital
    7. Golden Gate Ventures
    8. Horizons Ventures
    9. Mind Fund
    10. MindWorks Ventures
    11. Mount Parker Ventures
    12. Nova Founders Capital
    13. Regatta Capital Management
    14. SXE Ventures
    15. Sequoia Capital
    16. Steamboat Ventures
    17. Vickers Venture Partners

C. Growth

  • Infrastructure: Office space, HR, local business insurance. (i.e. office space/ HR/ insurance providers for capital-rich companies to grow and scale)
    1. AMAC Human Resources Consultants Limited
    2. AXA Hong Kong
    3. Compass Offices
    4. Corporate Locations Hong Kong
    5. HMI
    6. Hong Kong Commons
    7. Hong Kong Offices
    8. IBNR Insurance
    9. Instant Offices
    10. JPWALL
    11. Korn Ferry
    12. Links International
    13. Manpower
    14. Marsh
    15. Mercer Hong Kong
    16. Nova Insurance
    17. Prime Office
    18. Prolink Consulting
    19. Randstad
    20. Regus
    21. Search Office Space
    22. TTP Consulting
    23. Tricor Hong Kong
    24. Willis Towers Watson
  • Expansion: Growth accelerators/consultants. (i.e. programs and business consultants for capital-rich companies to grow and scale)
    1. A&A Limited Business Consulting
    2. Accenture
    3. Alvarez and Marsal
    4. Bain & Company
    5. Boston Consulting Group
    6. Deloitte
    7. FTI Consulting
    8. Fiducia Management Consultants
    9. Hay Group
    10. KPMG
    11. McKinsey & Company
    12. PwC
    13. Roland Berger
    14. Value Partners Management Consulting

D. Success Stories

Successful homegrown companies that have raised significant institutional funding, employ a large workforce, or have achieved liquidity.

  1. 9GAG
  2. Acadine
  3. AfterShip
  4. Boxful
  5. Coachbase
  6. CoinSimple
  7. Dragon Law
  8. Flexport
  9. JobsDB
  10. Oddup
  11. OneSky
  12. Pacnet
  13. WeLab
  14. Yuneec



Supporters


To facilitate the steps, every ecosystem needs strong supporters.

1. Evangelists

Successful local founders who lead the ecosystem & frequently mentor newbies.  (i.e. Local leaders who have taken a leadership position, speak at a lot of startup events, mentor all the programs, etc)

  1. Andrea Livotto
  2. Bart Verkoeijen
  3. Danny Yeung
  4. David Brabbins
  5. Derek Kwik
  6. Devin Ehrig
  7. Donny Siu
  8. Fernando Diez
  9. Gary To
  10. Graham Leach
  11. Jeffrey Broer
  12. Leo Ku
  13. Mark Munoz
  14. Michael Prahl
  15. Mike Mastroyiannis
  16. Nio Liyanage
  17. Raphael Cohen
  18. Raymond Chu
  19. Raymond Yip
  20. Simon Loong
  21. Tony Tong

2. Government

Public organizations that facilitate local economic development

  1. American Chamber of Commerce in Hong Kong
  2. AustCham
  3. British Chamber of Commerce in Hong Kong
  4. Canadian Chamber of Commerce in Hong Kong
  5. European Chamber of Commerce Hong Kong
  6. GovHK: Investing in Hong Kong
  7. Hong Kong Economy
  8. Hong Kong General Chamber of Commerce
  9. Innovation and Technology Bureau Hong Kong
  10. Innovation and Technology Commission Hong Kong
  11. Innovation and Technology Fund Hong Kong
  12. InvestHK

3. Talent

Major local business or tech universities and employers that attract and retain local talent.

  • Local Universities (universities with prominent technical or business programs)
    1. City University of Hong Kong
    2. PolyU: The Hong Kong Polytechnic University
    3. The Chinese University of Hong Kong
    4. The Hong Kong University of Science and Technology
    5. The University of Hong Kong
  • Local Employers (Major technical employers, like Microsoft or Google or large local companies, with large local offices)
    1. AECOM
    2. Apple
    3. China Mobile
    4. Cisco
    5. Facebook
    6. GE
    7. Google
    8. HP
    9. Hong Kong Telecom
    10. Intel
    11. Microsoft
    12. Samsung
    13. Sony Corporation
    14. VTech


Learn more about the Startup Ecosystem Canvas here, and leave us your thoughts on the Hong Kong Canvas on this collaborative Google document (This is just a DRAFT, and more input is needed!)

Are you looking to start a company in Hong Kong? Then apply to the Hong Kong Founder Institute today

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