HKSTP Targets Filipino Fintech Startups with Investment Opportunities
The Hong Kong Science and Technology Parks Corporation (HKSTP), an innovation hub backed by the government, is reaching out to fintech startups in the Philippines. This initiative includes access to a regulatory sandbox and potential funding of up to USD 2 million (approximately PHP 117.8 million).
Strategic Positioning at Hong Kong FinTech Week 2025
Speaking at Hong Kong FinTech Week 2025, Eric Or, Acting Director of Corporate Development at HKSTP, described the hub as a vital “gateway” for firms aiming to enter the lucrative Chinese market. Eric emphasized the role of HKSTP in facilitating opportunities for international businesses.
Eric Or
“Anyone who wants to look at China as a market, we, Science Park, are the best location, a gateway, a stepping stone, a platform,” Eric remarked.
Investment Process and Scrutiny
Eric noted that all investments by HKSTP undergo a thorough review process to ensure responsible use of public funds. He stressed the importance of careful decision-making when it comes to funding startups, as all investments involve taxpayer money.
“As it involves the (Hong Kong) government, it is still taxpayers’ money. So we are very careful when we make investment decisions. Every company has to go through this panel,” Eric stated.
Current Landscape for Filipino Startups
Despite supporting startups from 26 countries, HKSTP currently does not have any Philippine companies participating in its programs. Eric highlighted that the organization lacks sufficient resources to expand its outreach in the Philippines.
Eligibility Criteria for Funding
To qualify for general fintech financing, Philippine startups typically need to be less than three years old, valued at up to USD 5 million, employ at least two full-time staff members, and maintain 50% of their employees in technical roles. This framework aims to support qualified, innovative firms in the fintech sector.
Exclusive Services for High-Valuation Startups
HKSTP also provides advanced programs by invitation only for startups with higher valuations. These exclusive services are designed to nurture high-potential companies and help them scale within the competitive fintech landscape.
As HKSTP positions itself as a catalyst for fintech development in Asia, Filipino startups are encouraged to explore the opportunities that the innovation hub presents, particularly with regards to funding and regulatory support.
