The Hong Kong government announced a HK$25 billion (US$3.2 billion) Innovation and Technology Fund aimed at attracting overseas startups and talent to the city.
HONG KONG – August 6, 2025 – Chief Executive John Lee revealed a new HK$25 billion initiative designed to cement Hong Kong’s position as a regional innovation hub. The fund will provide direct grants, tax incentives, and fast-track visas for technology entrepreneurs and high-skilled professionals.
Officials stated that the program targets sectors such as fintech, biomedical research, and AI-driven manufacturing. Startups relocating to Hong Kong under the scheme will gain access to co-working spaces, research grants, and corporate partnership opportunities.
This move is seen as part of Hong Kong’s broader strategy to diversify its economy and reduce reliance on traditional finance and real estate. Wealth managers and investors may see new opportunities in venture capital and early-stage investments.
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