global entrepreneurship monitor 2016 hong kong & … · entrepreneurship study in the world...

GLOBAL ENTREPRENEURSHIP MONITOR 2016/17 HONG KONG & SHENZHEN Dr. Marta Dowejko (HKBU) & Prof. Kevin Au (CUHK)

February 15, 2017

THE MOST COMPREHENSIVE & RELIABLE ENTREPRENEURSHIP STUDY IN THE WORLD

66 economies participated in GEM this year

Data collection Apr-Nov 2016

76 Experts interviewed in both cities

First launched in 1999; 6th time run in HK

The most influential entrepreneurship study in the World

Rigorous methodology design & data collection

Partnership between CUHK, HKBU, HKU, & SZASS with support from Savantas and KPMG

4,000+ Individuals surveyed in Hong Kong and Shenzhen

4,000

Dr. Marta Dowejko (HKBU) & Prof. Kevin Au (CUHK), Global Entrepreneurship Monitor 2016/17 Hong Kong & Shenzhen

GEM COVERS 69% OF GLOBAL POPULATION & 85% OF GLOBAL GDP

66 ECONOMIES IN THE STUDY 184,000+ INTERVIEWS x 60+ QUESTIONS


HONG KONG

9.4%

SHENZHEN

16%

12.6% 10.3% ISRAEL: 11.3%

8.8%

% of adult population (18-64); provided statistics are estimates and subject to sampling error

+159%

+234% NASCENT + BABY BUSINESS FROM START TO 3.5 YEARS

TOTAL EARLY STAGE ENTREPRENEURSHIP IS GROWING STRONG SINCE 2009

-45%


3.1%

3.7%

3.4%

1%

OVERALL IMPROVEMENT IN ENTREPRENEURIAL PROCESS 2009 VS 2016

% of adult population (18-64); provided statistics are estimates and subject to sampling error

2.4%

HONG KONG SHENZHEN

+206%

+110%

+109%

+185%

+284%

+389%

+72%

+170%

+118%

+27%

+89%

+104%


INTRAPRENEURSHIP COMPLEMENTS THE ENTREPRENEURIAL GROWTH

HONG KONG

4.1%

SHENZHEN

4.9%

7% 1.2% ISRAEL: 7.3%

7%

ENTREPRENEURSHIP IN ESTABLISHED FIRMS NEW PRODUCTS + SPINOFFS


1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

Entrepreneurial finance

Gov policies: support & relevance

Gov policies: taxes & bureaucracy

Gov e-ship programs

E-ship education at school stage

E-ship education at post school stage

R&D transfer

Commercial & legal infrastructure

Internal market dynamics

Internal market burdens or entryregulations

Physical infrastructure

Cultural & social norms

INNOVATION DRIVEN SHENZHEN HONG KONG

1

THE ECOSYSTEMS ARE IMPROVING AND ARE HIGHLY COMPLEMENTARY

1 = highly insufficient; 9 = highly sufficient

2

2

2

1

1

1

1

1

1 1

1 1


IMPROVED SOCIAL IMAGE OF ENTREPRENEURSHIP: 2009 VS 2016

78%

38%

61%

71%

74%

79%

PerceivedOpportunities

Fear ofFailure Rate

Know StartupEntrepreneur

DesirableCareer Choice

High Status ofSuccessfulFounders

MediaAttention

SHENZHEN

57%

40%

40%

55%

63%

71%

PerceivedOpportunities

Fear of FailureRate

Know StartupEntrepreneur

DesirableCareer Choice

High Status ofSuccessfulFounders

MediaAttention

HONG KONG


HONG KONG

Maturity of the economy: legal environment, IP protection, ease of doing business

International character: access to global markets, global funding opportunities, international talent

Driven by market-focused & sustainable DEVELO-PRENEURS of Hong Kong

HONG KONG VS. SHENZHEN – WHAT’S THE DIFFERENCE? “SHENZHEN IS NOW WHAT HONG KONG USED TO BE IN THE 1970s: VIBRANT, DYNAMIC, AND DRIVEN BY THE

FIRST GENERATION OF IMMIGRANTS.”

SHENZHEN

Manufacturing capabilities & supply chain integration

Focus on innovation, long-term planning, and entrepreneurial culture attracting talent and funding

Driven by highly skilled & self-selected CREA-PRENEURS of Shenzhen


AREAS FOR COOPERATION

• Leverage natural industry compatibilities between the two cities and build cross-border industry associations

• Cooperate in accessing Mainland and international markets

• Share cross-border resources, R&D cooperation, talent development

• Develop shared cultural understanding of each other: cross-border education, exchange programs

• Coordinate government policies for entrepreneurship between the two economies


TO SUM UP: STRONG & COMPATIBLE GROWTH

• Entrepreneurship on the rise and it is a healthy growth, but not yet mature

• Business angel culture is getting strong and angels are generous

• Fewer start-ups close down because of the lack of funding

• Intrapreneurship is picking up, strengthening the appreciation for entrepreneurial mind-set locally

• Two different but highly compatible ecosystems; neither of them can succeed alone in building an alternative to other international start-up hubs


THANK YOU Q&A SESSION

GEM 2016 / 2017 GLOBAL

REPORT DOWNLOAD

WWW: ENTREPRENEURSHIP.BSCHOOL.CUHK.EDU.HK/GEM_HK

GEM 2016 / 2017 HK REPORT DOWNLOAD

TOTAL EARLY-STAGE ENTREPRENEURSHIP RATES BY ECONOMY

16.04%

9.44%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

Ru

ssia

Kaza

khst

an

Indi

a

Iran

Cam

eroo

n

Burk

ina

Faso

Mal

aysi

a

Bulg

aria

Mor

occo

Mac

edon

ia

Sou

th A

fric

a

Hun

gary

Jord

an

Cro

atia

Geo

rgia

Slo

vaki

a

Mex

ico

Jam

aica

Chin

a

Pola

nd

Sau

di

Ara

bia

Pan

ama

Indo

nes

ia

Uru

guay

Latv

ia

El S

alva

do

r

Egyp

t

Arg

enti

na

Shen

zhen

Turk

ey

Thai

lan

d

Bra

zil

Gua

tem

ala

Leba

non

Chile

Peru

Co

lom

bia

Beliz

e

Ecu

ador

Ital

y

Ger

man

y

Spai

n

Fran

ce

Un

ite

d A

rab

Em

irat

es

Gre

ece

Sou

th K

ore

a

Finl

and

Swed

en

Qa

tar

Slo

veni

a

Po

rtu

gal

Swit

zerl

and

Chin

ese

Taip

ei

Un

ite

d K

ingd

om

Luxe

mbo

urg

Hon

g Ko

ng

Aus

tria

Puer

to R

ico

Ire

lan

d

Ne

the

rlan

ds

Isra

el

Cy

pru

s

USA

Aus

tral

ia

Esto

nia

Cana

da

Factor-driveneconomies

Efficiency-driven economies Innovation-driven economies


ESTABLISHED BUSINESS (3.5YRS+) PREVALENCE RATES

7.82% 6.12%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

Kaza

khst

an

Indi

a

Russ

ia

Ira

n

Cam

eroo

n

Burk

ina

Faso

Saud

i Ara

bia

Sout

h A

fric

a

Jord

an

Croa

tia

Pana

ma

Mal

aysi

a

Beliz

e

Hu

ngar

y

Peru

Slo

vak

ia

Egy

pt

Bulg

aria

Pola

nd

Mac

edon

ia

Uru

guay

Chin

a

Mor

occo

Mex

ico

She

nzh

en

Arg

entin

a

Ch

ile

Jam

aica

Geo

rgia

Co

lom

bia

Gua

tem

ala

Turk

ey

Latv

ia

El S

alva

dor

Ecu

ad

or

Indo

nesi

a

Braz

il

Leba

non

Thai

land

Puer

to R

ico

Un

ite

d A

rab

Em

ira

tes

Qat

ar

Luxe

mbo

urg

Isra

el

Fran

ce

Irel

and

Swed

en

Ital

y

Uni

ted

Kin

gdom

Ho

ng

Ko

ng

Spai

n

Sout

h Ko

rea

Slov

enia

Cana

da

Ger

man

y

Port

uga

l

Finl

and

Tai

wa

n

Esto

nia

Cy

pru

s

Aus

tria

USA

Net

herla

nds

Swit

zerl

and

Aus

tral

ia

Gre

ece




INTRAPRENEURSHIP RATES BY ECONOMY

4.86 4.11

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

10.00

Burk

ina

Faso

Kaza

khst

an

Russ

ia

Cam

ero

on

Iran

Indi

a

Pana

ma

Mal

aysi

a

Ge

org

ia

Mor

occo

Ind

on

esia

Jam

aica

Ecu

ador

Sout

h A

fric

a

Peru

Bulg

aria

El S

alva

dor

Thai

lan

d

Colo

mb

ia

Ch

ina

Mac

ed

on

ia

Braz

il

Jord

an

Gua

tem

ala

Egy

pt

Slo

vaki

a

Leb

an

on

Uru

gu

ay

Hu

ng

ary

Arg

en

tin

a

Turk

ey

Latv

ia

Saud

i Ara

bia

Mex

ico

Szhe

nzhe

n

Pol

and

Cro

atia

Chile

Be

lize

Gre

ece

Puer

to R

ico

Ital

y

Uni

ted

Ara

b Em

irat

es

Sout

h Ko

rea

Port

ugal

Spai

n

Fran

ce

Hon

g Ko

ng

Slo

veni

a

Ger

man

y

Finl

and

Cyp

rus

Chin

ese

Taip

ei

Ca

na

da

Swed

en

Swit

zerl

and

Irel

and

Est

on

ia

Qat

ar

Uni

ted

Kin

gdo

m

USA

Luxe

mbo

urg

Isra

el

Au

stri

a

Net

her

land

s

Aus

tral

ia




global entrepreneurship monitor 2016 hong kong & … · entrepreneurship study in the world...

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