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InvestHK and OurCrowd

InvestHK advices and assists Israeli companies looking at Hong Kong as a springboard/base for their activities in mainland China and Asia at large

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InvestHK and OurCrowd

  1. 1. Where Business Goes to Grow Hong Kong as a Gateway to Mainland China & APAC March 2015 OurCrowd Webinar
  2. 2. RIGHT PLACE Heart of Asia Gateway to China
  3. 3. Greater Pearl River Delta • Population 55.3 mn > Canada • Exports US$387 bn > UK, Canada (more than 27% of China’s exports) • GDP US$665 bn > Sweden, Belgium • Land area 56,000 sq km < Panama (less than 1% of China)
  4. 4. One Country, Two Systems
  5. 5. Low and Simple Tax System Source: Forbes Tax Misery Index 2009, Inland Revenue •  VAT/GST/Sales tax •  Capital Gains Tax •  Withholding tax on investments •  Estate duty •  Global taxation •  Wine duty
  6. 6. World Class ICT - Connecting People •  8th in the Global Innovation Index Report (INSEAD 2012) •  6th most advanced ICT economy (ITU Sept 2011) •  2nd in Asia Cloud Readiness Index (Asia Cloud Computing Association, Sept 2011) •  The safest place in Asia for setting up data centres (Data Centre Risk Index, Cushman $ Wakefield, 2012) •  Mobile phone penetration rate >220%
  7. 7. Human Capital - Quality Education •  Two universities in the world’s top 100 (Times Higher Education World University Rankings 2012/13) •  HKUST MBA - 1st in Asia and 10th in the world (Financial Times Global MBA Ranking 2012) •  World’s Top EMBA in 2011: Kellogg - HKUST EMBA Programme (Financial Times 2012) •  48 international schools •  3rd in the Global Index of Cognitive Skills and Educational Attainment (Economic Intelligence Unit 2012) •  Hong Kong people have the highest average IQ in the world – 107 (IQ and the Wealth of Nations)
  8. 8. Rapidly Growing Wealth in Asia Source: Credit Suisse Global Wealth Report 2011 l  Gateway to 3.7 million HNWIs in Asia Pacific with wealth totaling US$12 tn l  Wealth growth the strongest in Asia Pacific at 12% l  Hong Kong – HNWIs up 36% l  Asia Pacific expected to lead robust global HNWI wealth growth. HNWI wealth expected to reach US$16 tn by 2015 l  Source: Capgemini World Wealth Report 2013
  9. 9. Source: HKTB
  10. 10. Total retail sales US$52 billion; +25% Per capita retail spending >USD8,900 84%of the world’s leading luxury and fashion retailers and 41%of all international retail brands are in Hong Kong 11 shops in London;17 in Hong Kong 6 shops in Milan;13 in Hong Kong 4 shops in Milan;10 in Hong Kong
  11. 11. %  of  mainland companies %  of  market capitalisation 18% 27% 47% 57%2000 2012 •  721 listed Mainland enterprises on the HKEx; total market cap US$1.61 tn (as of Dec 2012) •  1,086 new investment projects approved; investment amount US$35 bn (MOFCOM, 2011) •  RMB deposits in Hong Kong of RMB558 bn (~US$88 bn) (as of June 2012) Springboard for Mainland Companies
  12. 12. Markus Kramer President, Dispersions and Pigments Division (Global headquarters) Global Operations in Hong Kong John Rice Vice Chairman (Global operations) Jean-Pascal Tricoire Global CEO Johan de Nysschen President (Global headquarters) Michael Andrew Global Chairman Jeff Urwin Global Head of Investment Banking Wiebo Vaartjes EVP & GM (Global headquarters of Philips Consumer LifeStyle)
  13. 13. As well as Micro…
  14. 14. Notable Israeli companies in HK
  15. 15. Committed to Attracting and Supporting Innovative, High Impact Ventures Israeli startup FreightOS wins StartmeupHK 2014 Competition
  16. 16. Why entrepreneurs come to Hong Kong Connectivity–heartofAsia; halftheworld’spopulationwithin5hours’flighttime ProfitCentre–lowandsimpletaxregime Law-independentjudicialpower;acommonlawjurisdictionwithinChina Resources–Globalfinancialcentre;largepoolofHNWIsandtalentedpeople Culture-multiculturalcommunity;bestofEastandWest Innovation-ranked1st inAsiaintheGlobalInnovationIndex(GII)2013 Efficiency–registeracompanywithonedirectorandHK$1inonehour World’sfreesteconomy–lowbarrierstoentry;idealplacetocommercialiseinnovativeideas Asia strategy – Western business culture meets Eastern opportunities, best platform for global supply chain and test market.
  17. 17. Incubators HongKongScienceandTechnologyParks •  308graduatesraisedUS$99.3millionfromVCs/angelssince2003 •  >350companiesand>50%ofstaffengagedinR&D •  Clustersinelectronics,biotech,IT/telecom,greentech,precisionengineering Cyberport •  158incubateesuptoMarch2012raisedUS$5.1millionfromVCs/angels •  >100ICTanddigitalmediacompanies •  Clustersincloudcomputing,e-commerce,emerginginternet
  18. 18. Support and Startup Communities
  19. 19. Burgeoning Co-work Spaces startup commune 2010 3 2014 30 Number of co-work spaces in HK >1,600 spaces
  20. 20. A Vibrant Community •  and – Empowering Young Entrepreneurs Programme •  and – Accelerator Support Programme •  Open Data Hong Kong •  HK$500 million Social Innovation and Entrepreneurship Development Fund (launched in 2013)
  21. 21. Notable Hong Kong VC Deals Post-GFC funded by Fresco funded by First Round Capital, True Ventures, Greycroft, etc funded by Arbor admitted to 500Startups admitted to Techstar x Nike funded by Ambient Sound funded by IPV invested by Sumitomo, EMC, Stanford, Sierra and Mission invested by Mandra, AXA and Mitsui, business plan now fully funded by Neiman Marcus
  22. 22. Opportunities in Hong Kong •  Serve as the laboratory/Asian POC site for a smart city solutions, Fintech •  Scale your Asia business and manage channels out of HK •  Rising demand for industries to enhance quality of life, e.g., creative/content industries, green business, medical and health tech/ICT and other technologies
  23. 23. Lifestyle in Hong Kong
  24. 24. How InvestHK Helps Entrepreneurs Facilitation of visa applications, schooling PR and marketing support for launch / expansion Networking events, introduction to service providers Information to aid planning and evaluation
  25. 25. For more information, please contact: Jonathan Sternberg, Israel Office Email: Tel: (972) 25710199 Get in Touch