New Google x CUHK Study Says Hong Kong’s Startup Scene Has Grown 300% Since 2009

Photo by Edward Barnieh

A joint study done by Google and CUHK’s Center for Entrepreneurship shows that Hong Kong’s startup scene has grown almost 300% since 2009.

The study surveyed over 600 young entrepreneurs, interviewed a panel of 12 local experts (whose names were not revealed) and took into account analysis from international databases and reports.

Appearing to be a more local vs. expat focused report, the snapshot of the ‘typical Hong Kong entrepreneur’ is male (72%), between ages 21 – 25 years old (38%), holds a B.A (58%) and has graduated from a local university (83%).

The study indicates that these Hong Kong entrepreneurs were more ‘ideas people’ or ‘biz dev’ types, citing major strengths in business management in presentation skills. Fundraising, coding and actual experience in doing a startup were some of their weak points.

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Hong Kong Enterprise Tech Startup Divide, Formerly Enterproid, Has Been Acquired By Google

Divide
This morning, the startup community woke up to the monster of all exits – Google has acquired Hong Kong/NYC startup Divide for an undisclosed sum.

Confirming the merger on their blog yesterday morning, Divide said that they will be joining forces with the Android team but promises their existing customers that “Divide will work as it always has.”

According to Recode, the Divide purchase is part of Google’s plan to gain more acceptance in the workplace as Android’s open source nature makes it more susceptible to malware attacks. With the help of Divide’s “container approach” in separating corporate and personal information on devices, ‘BYOD’ mobility for Android might be getting a lot more enterprise-friendly.
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Google’s Empowering Young Entrepreneurs Program in Collaboration with CUHK Launches in Hong Kong

Google1

Remember back in November with Google’s Eric Schmidt announced the Empowering Young Entrepreneurs (EYE) Program in collaboration with the Chinese University of Hong Kong?

Since then, the Google-backed program has drawn 900+ young and aspirational minds to vie for a coveted spot in EYE. While the Google and CUHK partnership is great news for the startup community as it adds another valuable resource to the ecosystem, what exactly is this program and who is it for?

It’s a one-year program providing interdisciplinary entrepreneurship training which will put participants through a series of workshops and seminars. Networking opportunities will be peppered throughout the EYE program, and entrepreneurial trainees will have the opportunity to draw from a deep well of expert mentorship.

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