InvestHK, the investment promotion agency of the Hong Kong Special Administrative Region Government, has launched a new fintech accelerator program called Global Fast Track 2023. The program is aimed at startups in Singapore and will provide them with the opportunity to expand their businesses in Hong Kong and the Greater Bay Area.
The Global Fast Track 2023 program is designed to help fintech startups grow their businesses by providing them with access to a range of resources and support services. These include mentorship, networking opportunities, and access to funding. The program will also provide startups with access to InvestHK’s extensive network of industry experts, investors, and government officials.
The program is open to fintech startups that are based in Singapore and have a minimum viable product (MVP) or proof of concept (POC) that is ready for market. Startups that are accepted into the program will receive a range of benefits, including access to co-working spaces, legal and accounting services, and marketing and branding support.
One of the key benefits of the Global Fast Track 2023 program is that it provides startups with access to the Hong Kong market. Hong Kong is a major financial hub in Asia and is home to a large number of financial institutions, including banks, insurance companies, and asset management firms. This makes it an attractive destination for fintech startups that are looking to expand their businesses in the region.
In addition to providing startups with access to the Hong Kong market, the Global Fast Track 2023 program also provides them with access to the Greater Bay Area. The Greater Bay Area is a region that includes Hong Kong, Macau, and nine cities in Guangdong Province. It is one of the fastest-growing regions in China and is home to a large number of technology companies.
The Global Fast Track 2023 program is part of InvestHK’s broader strategy to promote Hong Kong as a leading fintech hub in Asia. The agency has been working to attract fintech startups to Hong Kong by providing them with a range of incentives and support services. These include tax incentives, funding opportunities, and access to government support programs.
Overall, the Global Fast Track 2023 program is an exciting opportunity for fintech startups in Singapore. It provides them with access to a range of resources and support services that can help them grow their businesses in Hong Kong and the Greater Bay Area. With the support of InvestHK, these startups have the potential to become major players in the Asian fintech market.
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