Managing Director of Fresco Capital Ms. Allison Baum and co-founder of Archangels Access Mr. Kevin Yeung were on stage at our “Startup Training and Pitching event” in Hong Kong. With TechNode founder Dr. Lu Gang moderating, they shared their ideas on Hong Kong’s startup ecosystem and gave advice to local startups.

Gang: How is the startup ecosystem in Hong Kong?

Kevin: It’s getting better. FindDoc, which is now partnered with SMS in Japan, was the first startup I invested in. It won an award for Best App in 2012, back when it had about 100 local competitors. FindDoc was Hong Kong’s first online healthcare information and appointment platform. I was also the first investor in GogoVan which also became a winner in 2014 when it had to compete with over 1,000 competitors. That’s ten times the number that FindDoc competed with just two years earlier. With so many more entrepreneurs, I believe the environment has become much more competitive which makes everyone stronger and the ecosystem more robust. This is good news.

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Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com