Is Hong Kong A Sustainable Location For Entrepreneurs And Startups?

Hong Kong is well known as financial center and it is  board with the country which is the largest collection of manufacturing talent in the world. A lot of articles talk about entrepreneurship and business in Hong Kong. The following article"Is Hong Kong A Sustainable Location For Entrepreneurs And Startups? " brought my attention to look at startup businesses in Hong Kong.

It is mentioned in the article that for the last years, many startups enter Hong Kong with aim to create business; however not all of them stay there for a long time as the market is very competitive and only big companies are able to play. The prices for living and as well for startup businesses is very high. New startup businesses are not able to sustain their business and move to other countries with their information/business as it is much easier to sustain the business in other places compare to Hong Kong.

This issue was noticed by a lot business people and therefore a new system will be created to support startup businesses. This system called Hong Kong Startup Ecosystem.

The cost of the ecosystem is approximately US$2.8 to US$3.5 billion which is  lower than in Vancouver and Singapore (system is 4 time bigger than Hong Kong). Based on the analysis the following reasons attracted to create the ecosystem:
1. As an administrative of China, Hong Kong has its own government and legal system.
2. Startups businesses are rising dramatically.

The analysis shows pros and cons of the system. Also it shows which steps should the government and its business take with aim to keep the system sustainable. Following link for the ecosystem: https://www.techinasia.com/hong-kong-startup-ecosystem-report-2016

However, from one point to make the system work for a long time, the government should decrease prices for startups,shorter the process also make them aware about the sustainability of their businesses which will be useful both for Hong Kong and for the companies. From another point of view, the question will be: will all businesses follow sustainability steps and feel responsible for their businesses? For that the country should have a very strong with aim to keep the environment sustainable and have various types of business.