Startup Thailand | TH |
Gateway to Asia: Hong Kong, Japan, South Korea—A New Chapter for Thai Startups
In a world where technology and opportunity shatter business borders, the starting point of a startup’s journey can be a game-changer. The Global Startup Hub: Gateway to Asia isn’t just an event; it’s a launchpad for Thai entrepreneurs. By bringing together key agencies from Hong Kong, Japan, and South Korea, this platform offers a powerful opportunity for real-world experience, serious support, and direct connections to Asia’s top startup players.
Hong Kong: Your Next Big Move in Asia
Thinking of expanding in Asia? Hong Kong is your answer. It’s a strategic entry point for global investors and, specifically, for Thai startups. The Hong Kong government is a dedicated partner, with agencies like Invest Hong Kong and the Hong Kong Economic and Trade Office in Bangkok ready to offer free, end-to-end support. They don’t just help with business; they foster connections across culture, education, and beyond.
After the challenges of the pandemic, Hong Kong’s economy is on a tear, with a solid 2.5% GDP growth last year and continued expansion this year. Global trade and investment are surging, proving that the world still sees Hong Kong as a premier economic hub. And with its high-spending population and a love for premium goods, it’s a golden ticket for quality Thai products.
The city’s startup scene is exploding. From 3,300 startups in 2020, that number has jumped to over 4,700, with a goal to hit 7,000 by 2030. FinTech, ICT, and e-commerce are leading the charge. A remarkable one-third of these companies are founded by foreigners, solidifying Hong Kong’s reputation as a regional hotspot for innovation. Plus, it’s the perfect stepping stone to the massive mainland China market. Hong Kong is a financial juggernaut with zero capital controls and a tax-free system, home to over 180 banks and 1,500 asset management firms. The government is also making it easier to set up Family Offices, with a goal of 200 by 2025, even offering tax exemptions. It’s also embracing the future, becoming a crypto-friendly hub with legally operating crypto exchanges.
Here’s an interesting fact: while Hong Kong can’t grow its own food, its food and beverage sector is booming. With Hong Kongers preferring to dine out, the city has a staggering number of restaurants—on par with all of Thailand’s, despite its small size. This creates a huge demand for food supplies, innovative management systems, and sustainable packaging, making it a dream market for FoodTech startups.
Looking for funding? Hong Kong is full of opportunities. Public and private accelerators like Cyberport (focused on FinTech and Web3.0) and Hong Kong Science Park (MedTech/HealthTech) are actively looking for talent, regardless of nationality. For more mature startups (Series A or B), Invest Hong Kong can make direct introductions to VCs and Family Offices.
The city is a networking paradise, hosting major international events like Hong Kong FinTech Week and the Start Me Up Festival. This year, Invest Hong Kong celebrates its 10th anniversary with an even bigger event, featuring the Global Fast Track competition with a regional qualifying round in Thailand. This is your chance to shine on a global stage. With its vibrant ecosystem, deep capital pools, and diverse market, Hong Kong is more than just a financial center—it’s the perfect place for Thai businesses to truly go global.