Arab Press

بالشعب و للشعب
Tuesday, Feb 24, 2026

Hong Kong’s CYBERPORT proving it’s the place to be for high tech start-ups

A look at high tech companies who've made the strategic decision to base themselves in Hong Kong's CYBERPORT - the science and technology hub.

Cyberport is Hong Kong's leading digital technology hub. With more than 1,300 companies large and small, it includes an incubator for fintech start-ups like FinFabrik.

Through trial and error, it developed digital trading technology using blockchain protocols. A Cyberport motto is ''We Dare to Venture.''

Florian Spiegl, Co-founder and COO, FinFabrik said, "I think Cyberport was crucial for our success, because as start-ups go along, and in the very early phases, it's all about experimenting and having the room to fail as well and to keep going. And a support network like Cyberport is very very important to nurture start-ups."

"Hong Kong is fantastic in terms of talent, specifically for a firm like us. We are engaging in quantitative trading, in essential securitisation of assets. That requires deep expertise. We have a large pool that we have access to, here in Hong Kong, and we hire quite actively," Spiegl added.

Cyberport can fit into a regional business plan as well, connecting firms to the Greater Bay Area that includes the booming city of Shenzhen, and beyond. The region is a manufacturing powerhouse in its own right, with 70 million consumers.

Eric Chan, Chief Public Mission Officer, Cyberport said, "It's been a great time for start-ups, because with this One Belt and One Road policy, and the Greater Bay Area blueprint that is out there, now we get a lot of exchange and interactions between the mainland and Hong Kong."


SUPPORT FOR START-UPS

Hong Kong Productivity Council supports both public and private projects, including some for driverless vehicles, adapting robotics to new technology, hydroponics and health, and sports tech.

Then there's the Hong Kong Science and Technology Park, sharing lab facilities for budding biotech firms like Opharmic, which is developing a way to deliver medication inside the eye using ultrasound instead of needles.

Jan Engels, Co-founder, Opharmic Technology said, "They have a lot of research grants, for start-ups, start-up grants and a lot of collaborative grants with local universities, connect us to investors, we have cheap office space to rent, and some other opportunities to connect. The whole Greater Bay Area is a very attractive market for us, also later on for the production of our medical device."

Science Park is also where the European industrial giant Siemens is developing Smart Cities technology for things like better mobility, smarter energy use, and more efficient traffic management, using the city as a proving ground and a showcase for potential clients from around the world.

Eric Chong, President, and CEO, Siemens Hong Kong said, "Hong Kong is the best place for Smart City development, it's highly dense and very demanding. And when in Hong Kong I think that Hong Kong Science Park is a pre-eminent cluster, in terms of having a good mix of companies and ecosystems."


QUALITY OF LIFE

Eric Chong added "Most people in Hong Kong work very hard. Don't get me wrong, I think we do work very hard, but we do know when to relax after work."

Florian Spiegl added, "I'm more on the outdoors, I like sports, and in Hong Kong, we have hundreds of hiking trails in the green hills around Hong Kong. You can take an hour boat ride and arrive at beautiful beaches. I go biking every weekend, bike out of the city, into the country parks. It's wonderful. I think it’s part of the magic of Hong Kong."

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
GCC Secretary-General Holds Talks with EU Ambassador in Riyadh
Gulf States’ AI Investment Drive Seen as Strategic Bet on Technology and U.S. Security Ties
African Union Commission Chair Meets Saudi Vice Foreign Minister to Deepen Strategic Cooperation
President El-Sisi Holds Strategic Talks with Saudi Crown Prince in Riyadh
Lucid Unveils Up to $12,000 Incentive for Air and Gravity Models in Saudi Arabia
Saudi Arabia Enters Global AI Partnership, Expanding Its Role in International Technology Governance
Saudi Arabia’s Landmark U.S. LNG Agreement Signals Major Strategic Shift
Saudi Arabia Accelerates Global Gaming Push with Billion-Dollar Deals and Expanded PIF Mandate
Saudi Arabia Reports $25.28 Billion Budget Deficit in Fourth Quarter of 2025
Alvarez & Marsal Tax Establishes Dedicated Pillar Two and Transfer Pricing Team in Saudi Arabia
United States Approves Over Fifteen Billion Dollars in Major Arms Sales to Israel and Saudi Arabia
Pre-Iftar Walks Gain Momentum as Ramadan Wellness Trend Spreads
Middle East Jackup Rig Fleet Contracts Further After Saudi Drilling Suspensions
Türkiye and Saudi Arabia Prepare to Sign Five Gigawatt Renewable Energy Deal at COP31
King Mohammed VI Congratulates Saudi Leadership on Founding Day, Reaffirming Strategic Ties
US Envoy Huckabee Clarifies Remarks on Israel After Expansionism Controversy
Saudi Arabia Introduces Limited Exceptions to Regional Headquarters Requirement for Foreign Firms
Saudi Arabia Joins Global Partnership on Artificial Intelligence, Elevating Its Role in Shaping AI Governance
Saudi Arabia and Arab States Mobilise Diplomatically After U.S. Envoy’s Israel Remarks
Cristiano Ronaldo Reaffirms His Commitment to Saudi Arabia Amid Transfer Speculation
Proposed US-Saudi Nuclear Deal Raises Questions Over Uranium Enrichment Provisions
Saudi Arabia Sends 81st Aid Flight to Gaza as Humanitarian Air Bridge Continues
Global Games Show Riyadh 2026 Positioned as Catalyst for Saudi Arabia’s Vision 2030
Saudi Arabia Eases Procurement Rules, Allowing Foreign Firms Greater Access to Government Contracts
Türkiye and Saudi Arabia Seal Two Billion Dollar Solar Energy Agreement
Saudi Crown Prince Reportedly Sends Letter to UAE Leader Over Yemen and Sudan Policies
Saudi Arabia Voices Concerns to UAE Over Sudan Conflict and Yemen Strategy
Saudi Arabia Joins Global Artificial Intelligence Alliance to Strengthen International Collaboration
Shura Island Positioned as Flagship of Saudi Arabia’s Ambitious Red Sea Tourism Drive
Saudi Arabia Rebukes Mike Huckabee Over Remarks in Tucker Carlson Interview
OpenAI CEO Sam Altman praises the rapid progress of Chinese tech companies.
Concerns Mount Over Potential Saudi Uranium Enrichment in Prospective US Nuclear Accord
Trump Directs Government to Release UFO and Alien Information
Trump Signs Global 10% Tariffs on Imports
Investability Emerges as the Defining Test of Saudi Arabia’s Next Market Phase
Saudi Arabia’s Packaging Market Accelerates as Sustainability and E-Commerce Drive Transformation
Saudi Arabia Unveils $32 Billion Push Into Theme Parks and Global Entertainment
Saudi Crude Exports to India Climb Sharply, Closing Gap With Russia
Saudi Arabia’s Halal Cosmetics Market Expands as Faith and Ethical Beauty Drive Growth
ImmunityBio Secures Saudi Partnerships to Launch Flagship Cancer Therapy
United Kingdom Denies U.S. Access to Military Base for Potential Iran Strike
Türkiye and Saudi Arabia Launch Expanded Renewable Energy Partnership
US Supreme Court Voids Trump’s Emergency Tariff Plan, Reshaping Trade Power and Fiscal Risk
Mongolian Mining Family’s HK$247 Million Stanley Home Purchase Highlights Resilient Luxury Market
UK Intensifies Efforts to Secure Saudi Investment in Next-Generation Fighter Jet Programme
Saudi Arabia Tops Middle East Green Building Rankings with Record Growth in 2025
Qatar and Saudi Arabia Each Commit One Billion Dollars to President Trump’s ‘Board of Peace’ Initiative
Ramadan 2026 Prayer Times Set as Fasting Begins in Saudi Arabia and Egypt Announces Dates
Saudi Arabia Launches Ramadan 2026 Hotel Campaign to Boost Religious and Leisure Tourism
Saudi Arabia Seeks Reroute of Greece-Bound Fibre-Optic Cable Through Syria Instead of Israel
×