The Rise of Startups with Purpose

Hong Kong's startup landscape is increasingly dominated by companies blending profit with purpose, addressing critical societal challenges and contributing to sustainable development.

This shift reflects a growing recognition of the importance of businesses creating positive change.

Spotlight on Innovative Startups

BREER HK: Brewing Sustainability

Founders: Naman Tekriwal and Anushka Purohit

BREER epitomises the spirit of purpose-driven startups in Hong Kong. By transforming surplus bread into craft beer, they combat food waste while producing a premium product. This innovative approach aligns with UN Sustainable Development Goals 12 (Responsible Consumption and Production) and 13 (Climate Action).

BREER has leveraged several government initiatives, particularly through the Hong Kong Science and Technology Parks Corporation (HKSTP). They are residents of the Explorium Hong Kong and participants in the STEP Program.

Follow BREER on Instagram: @breerhk

Seekr: Empowering the Visually Impaired

Founders: Lamia Sreya and Turzo Bose

Seekr, developed by Vidi Labs Limited, exemplifies how technology can be harnessed for social good. Their AI-powered wearable device for the visually impaired showcases Hong Kong's potential in creating assistive technologies that promote inclusivity, addressing UN Sustainable Development Goal 10 (Reduced Inequalities).

Follow Seekr on Instagram: @seekr.hk

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Planto: Revolutionising Financial Literacy

Founder: Ankit Suri

Planto represents the burgeoning fintech sector in Hong Kong, focusing on enhancing financial literacy and access. By serving both individuals and institutions, Planto contributes to fostering a more inclusive and informed financial ecosystem.

Follow Planto on Instagram: @planto.hk

Government Support: Fueling Innovation

Recognising the importance of fostering innovation, the Hong Kong government has implemented a range of initiatives and incentives to support startups. These include funding programs, tax breaks, co-working spaces, and accelerator programs that provide mentorship, networking opportunities, and access to investors:

• Innovation and Technology Fund (ITF)
• Social Innovation and Entrepreneurship Development Fund (SIE Fund)
• Cyberport Incubation Programme
• Science Park Incubation Programmes
• Enterprise Support Scheme (ESS)

These initiatives, combined with Hong Kong's rich talent pool, world-class universities, and strategic location, create an ideal environment for purpose-driven startups to flourish and scale.