What Is Entrepreneurship & HKSTP Fintech Initiative

What is Entrepreneurship? A Perspective

Eugene Hsia Chief Corporate Development Officer Hong Kong Science & Technology Parks Corporation

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10,000 Hours = 27.4 Years (1 hr, every day, every year)

PASSION PROBLEM CUSTOMER

You must find what you What is the problem you’re Focus on the customer. love to do. Your passion will trying to solve? You must Delight the customer. Make drive you to work 18 hours a be passionate about that the customer’s life better, day, keep thinking about it problem. Otherwise, you will easier. This will be your best non-stop, while still full of not find creative ways to competitive advantage. energy. solve it.

Entrepreneurship is a personal journey to find out what your life means.

There is no one, single definition that fits all.

Steve Wong ICT Cluster (FinTech) Hong Kong Science & Technology Parks Corporation

THE MELTING POT OF R E S E A R C H & DEVELOPMENT

13 |

13 LEADING TECHNOLOGY INCUBATOR IN HK WITH 480+ START-UPS 4 MILLION SQ FT 740+ GRADUATES R&D OFFICE INVESTMENT RAISED: 80% STILL IN BUSINESS & LAB SPACE HK $29.7B BY PARK CO. IN SCIENCE PARK (FY17/18 TO FY19/20)

1:13X LEVERAGE OF PRIVATE CAPITAL BY HKSTP VENTURES HONG KONG 900 TECH ENTERPRISES, SCIENCE PARK PARK COMPANIES ESTABLISHED IN 2002 FROM 23 NATIONS AI & ROBOTICS, 2 UNICORNS: SENSETIME + LALAMOVE BIOTECH, FINTECH, SMART CITIES

90+ PRIVATE AND PUBLIC SECTOR PARTNERSHIPS 9,000 R&D WORKERS 220+ AWARDS RECEIVED TOTAL POPULATION ~14,000

1 | PUBLIC 4 14 KEY MILESTONES – 18 YEARS

UNICORNS INCUBATION INVESTMENT investment raised by park graduates companies (FY17/18 to since inception 741 HK$29.7B FY19/20)

graduates HKSTP Ventures 80% still in business HK$600M Investment Fund

4 IPO & leverage of private capital by 28 24 M&A 1:13x HKSTP Ventures

COMPREHENSIVE PROGRAMMES MARKET ADOPTION

IDEA STARTUPS GROWTH MATURITY partnerships with corporations & 90+ public sector ELITE

15 | PUBLIC CORPORATE INNOVATION

CORPORATE STARTUPS HKSTP

PARTNERS Provide structural startup Enhance their solutions based support and identify supporting Enjoy 4-step Corporate on gap analysis with enterprises Innovation Journey partners 24 90 650+ 190+ Cohorts Partners Solution Proposals Startups Admitted

1 PUBLIC 6 16 LABS AND TECHNOLOGY SERVICES

HEALTHCARE DEVICES BIOBANK BIOMEDICAL BIOMEDICAL TECHNOLOGY CHEMICAL CO-WORKING GMP FACILITIES (CELL INNOVATION HUB INFORMATICS PLATFORM SUPPORT CENTRE CENTRE PROCESSING)

ROBOTICS CATALYSING AI PLUG SENSOR HUB SENSOR LAB RELIABILITY TESTING IC FAILURE CENTRE (RCC) ANALYSIS

17 | PUBLIC HONG KONG SCIENCE & HK-SZ INNOVATION AND TECHNOLOGY PARKS TECHNOLOGY PARK SKILL INTENSIVE ADVANCED CORPMANUFACTURING INDUSTRIAL ESTATES TAI PO INDUSTRIAL YUEN LONG ESTATE INDUSTRIAL ESTATE

HONG KONG SCIENCE PARK TAI PO R&D TECHNOLOGY APPLICATION

INNOCENTRE

YUEN LONG HONG KONG SCIENCE PARK FINTECH & E-COMMERCE

TSEUNG KWAN O INDUSTRIAL ESTATE

TSEUNG KWAN O HK-SZ INNOVATION & TECHNOLOGY PARK INNOCENTRE

1 PUBLIC 8 18 Our approach…

FIN+TECH

PUBLIC 19 Essence of our FIN+TECH ecosystem

Connect Facilitate Challenge partners and Co-creation, status quo and collaborate for from idea to accelerate new ideas action Adoption

PUBLIC 20 Key focuses

RegTech

Industrial Partnership

Facilitate & accelerate corporate innovation

Data and Innovation Sandbox

Community building and engagement

PUBLIC 21 www.hkstp.org