Page 256 - Are You Future Ready?

Science and Technology Park, Cyberport and tertiary
institutions. They not only provide funding and support to

the establishment of innovative technology companies,
but also identify and nurture potential startups through
competitions and accelerator programmes.

Furthermore, the advantages of having world-class
infrastructure, high digital competitiveness (ranked second
in Asia), an excellent data centre risk index (Asia’s third),
and a fast internet connection (world’s third) all contribute to

254 the more productive competition of the startup atmosphere
here. As evaluated by a San Francisco based research firm
Compass, Hong Kong has become one of the five fastest
growing entrepreneurial ecosystems in the world.

Ecosystem value is yet to improve

The Startup Report also came up with a global median

for each of the 13 Success Factors after assessing the
innovative technology performance of 43 cities in 23
countries from North America, Europe, the Middle East and
the Asia Pacific region.