Transnational tech companies flourish in the cross-border innovation nexus of Hong Kong and Shenzhen.
It's a bloody goldmine for tech firms situated in the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone. This badass R&D playground born from a Beijing initiative in 2017 couldn't be more perfect for entrepreneurs. Split into two parts, one provided by Hong Kong and another by Shenzhen, this zone offers a plethora of juicy perks that give tech companies a competitive edge.
- Closer to the Action: The location at the border of Hong Kong and Shenzhen is a major plus, providing easy access to a gargantuan pool of young, talented coders, engineers, and tech wizards in Shenzhen. Plus, a quick commute between offices in Hong Kong and Shenzhen facilitates collabo and streamlines logistics like a boss.
- Affordable living: Score some serious savings on monthly rent compared to other highly-priced locations, making it less painful to bankroll your startup dreams.
- Government Aid: The Shenzhen government throws some serious cash at tech firms by offering generous subsidies for innovation, supporting the research and development of new tech. They doled out a massive 10 million yuan (about $1.37 mill USD) to Zhou Jun's Smart Energy company for R&D, for instance.
- Global Market Connections: With Hong Kong at its side, mainland Chinese companies can easily tap into the global market through its international environment and free port status. Plus, the zone acts as a testing ground for emerging tech trends so you can get your hands dirty innovating in cutting-edge areas like drone tech.
- Collaboration Hub: Rub shoulders with over 440 tech companies and more than 15,000 researchers within this rich ecosystem, so collaborations, networking, and new ideas flow like wine. It's an action-packed, 24/7 party for tech enthusiasts. So, what are you waiting for? Establish your startup base in the Hetao zone and seize the opportunities that lie there.
- In this zone, tech firms find a strategic advantage with the proximity to an abundant supply of young and talented tech professionals in Shenzhen, providing seamless colaboration and logistics.
- The cost of living in this zone is lower than in many other tech hubs, making it more feasible for startups to manage their finances while pursuing their business ventures.
- The local Shenzhen government provides significant financial support to tech companies through subsidies for innovation, of which Zhou Jun's Smart Energy company received 10 million yuan for research and development.
- With Hong Kong as a partner, the Hetao zone offers a gateway to the global market, leveraging its international environment and free port status, while also serving as a testing ground for emerging tech trends.
- Situated within a rich ecosystem teeming with over 440 tech companies and more than 15,000 researchers, this zone serves as a vibrant hub for collaboration, networking, and innovative ideas, inviting tech entrepreneurs to seize the opportunities it offers.
