Why it is difficult for startups to raise funds locally?
Up to the year 2023, Hong Kong’s start-up ecosystem is thriving. In 2023, the number of start-ups in Hong Kong grew to more than 4,200 with some 16,453 people employed in such businesses. Biotechnology, artificial intelligence (AI), smart city and financial technologies (fintech) have been identified as the four key areas for Hong Kong’s innovation and technology (I&T) industry. The city's expenditure on research and development has ...
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