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Hong Kong's Rising Stars: Purpose-Driven Startups Shaping the Future

Hong Kong has become a powerhouse for startups with a mission, fostering innovation that tackles urgent social and environmental issues. This vibrant city offers a unique ecosystem supporting entrepreneurs in building impactful businesses while providing access to vital government resources and funding.

The Rise of Startups with Purpose

 

Hong Kong's startup landscape is increasingly dominated by companies blending profit with purpose, addressing critical societal challenges and contributing to sustainable development. 

 

This shift reflects a growing recognition of the importance of businesses creating positive change.

 

Spotlight on Innovative Startups

 

BREER HK: Brewing Sustainability

Founders: Naman Tekriwal and Anushka Purohit

 

BREER epitomises the spirit of purpose-driven startups in Hong Kong. By transforming surplus bread into craft beer, they combat food waste while producing a premium product. This innovative approach aligns with UN Sustainable Development Goals 12 (Responsible Consumption and Production) and 13 (Climate Action).

 

BREER has leveraged several government initiatives, particularly through the Hong Kong Science and Technology Parks Corporation (HKSTP). They are residents of the Explorium Hong Kong and participants in the STEP Program.

 

Follow BREER on Instagram: @breerhk

 

Seekr: Empowering the Visually Impaired

Founders: Lamia Sreya and Turzo Bose

 

Seekr, developed by Vidi Labs Limited, exemplifies how technology can be harnessed for social good. Their AI-powered wearable device for the visually impaired showcases Hong Kong's potential in creating assistive technologies that promote inclusivity, addressing UN Sustainable Development Goal 10 (Reduced Inequalities).

 

Follow Seekr on Instagram: @seekr.hk

 

Planto: Revolutionising Financial Literacy

Founder: Ankit Suri

Planto represents the burgeoning fintech sector in Hong Kong, focusing on enhancing financial literacy and access. By serving both individuals and institutions, Planto contributes to fostering a more inclusive and informed financial ecosystem.

 

Follow Planto on Instagram: @planto.hk

 

Government Support: Fuelling Innovation

 

Recognising the importance of fostering innovation, the Hong Kong government has implemented a range of initiatives and incentives to support startups. These include funding programs, tax breaks, co-working spaces, and accelerator programs that provide mentorship, networking opportunities, and access to investors:

 

These initiatives, combined with Hong Kong's rich talent pool, world-class universities, and strategic location, create an ideal environment for purpose-driven startups to flourish and scale.

 

Hong Kong: A Hub for Sustainable Business

 

By focusing on startups that merge innovation with social and environmental impact, Hong Kong is establishing itself as a leader in sustainable business development. The city's ecosystem provides the perfect blend of resources, support, and opportunities for entrepreneurs aiming to make a difference while building successful companies.

 

Join the Conversation: Next Gen Hustle Event

 

Don't miss our upcoming panel event featuring these brilliant minds at Garage Society on September 24th at 7 PM.

 

Sign up here

 

Join us for an inspiring conversation with trailblazing founders and innovators who are revolutionising the startup scene with their mission-driven ventures. It's an unparalleled opportunity to gain insights, network with like-minded individuals, and glimpse the future of entrepreneurship.

 

Secure your spot now and be part of the dialogue shaping Hong Kong's entrepreneurial future!

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According to a recent study by Coworking Resources, the number of coworking spaces worldwide is projected to reach a staggering 41,975 this year, marking a significant 42% increase from 2019 to 2024.

 

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