Accelerating Slowly: What Does Hong Kong’s Ecosystem Need to Avoid Being an American Copycat?

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This is a guest post from Deepak Madnani, founder of Sheung Wan-based co-working space and startup academy Paperclip.

Startup Accelerators are attaining almost mythical status as the ‘promised land’ for startups.

Unsurprisingly, the US is leading the way for having the most famous and productive accelerators, especially when measured by number of companies being processed. For reasons that I’ll get into, the design of the US accelerator model makes sense in the environment of the US startup ecosystem but I challenge whether that model should be copied globally.

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PaperclipHK’s Deepak Madnani Opens Hong Kong’s First Startup Academy/Co-Workspace in Sheung Wan

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With Hong Kong’s first Startup Grind on tomorrow at Paperclip, we went by the new co-work space and academy to chat with founder Deepak Madnani.

By taking a leaf from Steve Blank and Eric Ries’ book, the heart of Paperclip is in the academy, and courses will be drawn from the methodologies behind the lean startup movement. For those unfamiliar with the lean startup principles, it encourages entrepreneurs to get comfortable with failure and stresses the importance of always innovating and iterating. While great execution is what brings an idea to life, the lean startup way suggests that experimentation vs. elaborate planning can actually make starting a company less risky.

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