global entrepreneurship monitor 2016 hong kong & … · entrepreneurship study in the world...
TRANSCRIPT
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
Dr. Marta Dowejko (HKBU) & Prof. Kevin Au (CUHK), Global Entrepreneurship Monitor 2016/17 Hong Kong & Shenzhen
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%
Dr. Marta Dowejko (HKBU) & Prof. Kevin Au (CUHK), Global Entrepreneurship Monitor 2016/17 Hong Kong & Shenzhen
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%
Dr. Marta Dowejko (HKBU) & Prof. Kevin Au (CUHK), Global Entrepreneurship Monitor 2016/17 Hong Kong & Shenzhen
Dr. Marta Dowejko (HKBU) & Prof. Kevin Au (CUHK), Global Entrepreneurship Monitor 2016/17 Hong Kong & Shenzhen
Dr. Marta Dowejko (HKBU) & Prof. Kevin Au (CUHK), Global Entrepreneurship Monitor 2016/17 Hong Kong & Shenzhen
Dr. Marta Dowejko (HKBU) & Prof. Kevin Au (CUHK), Global Entrepreneurship Monitor 2016/17 Hong Kong & Shenzhen
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
Dr. Marta Dowejko (HKBU) & Prof. Kevin Au (CUHK), Global Entrepreneurship Monitor 2016/17 Hong Kong & Shenzhen
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
Dr. Marta Dowejko (HKBU) & Prof. Kevin Au (CUHK), Global Entrepreneurship Monitor 2016/17 Hong Kong & Shenzhen
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
Dr. Marta Dowejko (HKBU) & Prof. Kevin Au (CUHK), Global Entrepreneurship Monitor 2016/17 Hong Kong & Shenzhen
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
Dr. Marta Dowejko (HKBU) & Prof. Kevin Au (CUHK), Global Entrepreneurship Monitor 2016/17 Hong Kong & 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
Dr. Marta Dowejko (HKBU) & Prof. Kevin Au (CUHK), Global Entrepreneurship Monitor 2016/17 Hong Kong & Shenzhen
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
Dr. Marta Dowejko (HKBU) & Prof. Kevin Au (CUHK), Global Entrepreneurship Monitor 2016/17 Hong Kong & Shenzhen
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
Dr. Marta Dowejko (HKBU) & Prof. Kevin Au (CUHK), Global Entrepreneurship Monitor 2016/17 Hong Kong & Shenzhen
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
Factor-driveneconomies
Efficiency-driven economies Innovation-driven economies
Dr. Marta Dowejko (HKBU) & Prof. Kevin Au (CUHK), Global Entrepreneurship Monitor 2016/17 Hong Kong & Shenzhen
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
Factor-driveneconomies
Efficiency-driven economies Innovation-driven economies
Dr. Marta Dowejko (HKBU) & Prof. Kevin Au (CUHK), Global Entrepreneurship Monitor 2016/17 Hong Kong & Shenzhen