How can Hong Kong startups make money in this booming area of Shenzhen?

Daniel Dumbrill is a content creator on YouTube with more than 160 thousand followers. He is also a businessman who has lived in Shenzhen for more than a decade. Being a guest presenter of GDToday, Daniel Dumbrill went on a trip to Qianhai with the aim to explore what makes this booming area the most popular destination for Hong Kong youngsters to start their own business.

Neighboring Hong Kong, Qianhai is located on the western side of Shenzhen, Guangdong. According to the plan issued earlier on October 6, China will further develop a Shenzhen-Hong Kong cooperation zone in Qianhai and expand the zone eight times to 120.56 sq km from the current 14.92 sq km.

In this episode, Daniel visited the Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub (E-Hub). What opportunities and challenges did they meet here? And how the incubators help them grow and attract investment?

The E-Hub is a non-profit platform that provide one-stop entrepreneurial support which include seed money, training, business consultation and networking. It will also offer quality office space at concessionary rates and will provide access to angel investors and venture capital.

According to the latest statistics, the E-Hub has incubated 524 start-up teams, among which 245 are from Hong Kong, 16 from Taiwan, 1 from Macao and 19 from foreign countries. These start-up teams successfully attracted a total of 2.3 bln yuan investment and achieved more than 90 mln yuan supportive fund.

Coordinator|Zhao Yang, Wing, Xie Miaofeng

Guest presenter| Daniel Dumbrill

Director|Jasmine, Keane

Video script|Hannah, Jasmine, Keane

Video|Axin, Zhang Ruilin, Ou Xiaoming

Editor|Wing, Ou Xiaoming, Jerry Grey