Celebrating Entrepreneurial Excellence: Deloitte Tech Fast Program unveils Hong Kong’s Fastest Growing and Most Innovative Enterprises

The acclaimed 2023 Deloitte Hong Kong Technology Fast and Rising Star Awards Ceremony took place on 26 January 2024, bringing together a remarkable gathering of industry leaders, entrepreneurs and distinguished guests to honour and recognise the fastest-growing, most innovative enterprises in Hong Kong. At the ceremony, organised by Deloitte with the support of our valued sponsors, strategic partners and supporting organisations, the 35 winners came together to create an unforgettable celebration of excellence, innovation and collaboration.

This year, Deloitte is pleased to join forces with Diamond Sponsor, The Hongkong and Shanghai Banking Corporation Limited (HSBC); Strategic Partners, Hong Kong Cyberport Management Company Limited (Cyberport) and Hong Kong Science and Technology Parks Corporation (HKSTP); Official Knowledge Partner, HKUST Business School; and Media Partner, EDigest.

Other supporting organisations include Alibaba Hong Kong Entrepreneurs Fund, Beyond Ventures, China Prosperity Capital, China Resources Capital Management Limited, The Chinese University of Hong Kong, The City University of Hong Kong - HK Tech 300, Gobi Partners GBA, Greater Bay Area Homeland Investments Limited, The Hong Kong Polytechnic University, Hong Kong PropTech Association, HKUST Entrepreneurship Center, Hong Kong X Tech Startup Platform, Internet Professional Association, InvestHK and MTR Lab Company Limited.

The afternoon commenced with stimulating, insightful welcoming remarks delivered by Mr. Edward Au, Deloitte China Southern Region Managing Partner, who thanked the guests of honour, sponsor, strategic partners, supporting organisations and winners for their invaluable contributions to the success of the event, and reaffirmed Deloitte’s support for I&T development in Hong Kong. The atmosphere was electric, filled with anticipation for the exciting program ahead.

Following Edward’s welcoming remarks, Ms. Lillian Cheong, JP, Under Secretary for Innovation, Technology and Industry of the Hong Kong SAR Government, took the stage to deliver inspiring and motivating opening remarks. Her words set the tone for the ceremony, highlighting efforts to promote Hong Kong’s I&T sector and propel the growth of its industries into an ecosystem that sustains scientific and technological innovation.

Alongside Edward and Lillian, we were privileged to have the esteemed presence of Mr. Li Xuhong, Deputy Director-General of the Department of Administration and Finance of the Liaison Office of the Central People’s Government; The Honourable Duncan Chiu, HKSAR Legislative Council Member for the Technology & Innovation Constituency; Mr. Ray Liang, Head of Portfolio Company Coverage, HSBC Innovation Banking; Mr. Bong Chan, Deloitte China Southern Region Technology, Media & Telecommunications leader; and Mr. Philip Law, Deloitte China Greater Bay Area & Hong Kong Technology Fast Program lead partner, at this momentous occasion. The opening ceremony was an awe-inspiring experience, seamlessly blending the realms of technology, creativity and style.

Besides the ceremony, the event included keynote addresses from Ray. He expressed his confidence in the ability of startups to navigate uncertain market conditions with their innovative ideas and business models and emphasised the commitment of banks to support these young companies to achieve their ambitions.

Internationally renowned as "the Oscars for high technology companies", the Deloitte Technology Fast 50 Program was founded in 1995 in Silicon Valley and takes place simultaneously every year in more than 30 countries. For more than two decades, Deloitte has recognised the fastest-growing and most innovative enterprises across the technology ecosystem through the Technology Fast Program. With stringent evaluation criteria and methodology adopted since 2005, the program is one of the most objective rankings for technology, media and telecommunications enterprises.

A sub-program of Deloitte China Technology Fast, Deloitte Hong Kong Technology Fast (HKTF) and Hong Kong Rising Star (HKRS) were launched in 2017 as a platform for fast-growing, innovative local enterprises from vanguard segments including internet, software, new media, new energy, life sciences and robotics to promote their market eminence, meet successful peers, and connect with banks and VC/PE investors. This year, the program captured 70% of the qualified companies in Hong Kong.

FJDynamics, GenieBiome, PHASE Scientific International and Insilico Medicine were named 2023 Deloitte Hong Kong Technology Fast Leaders, having achieved outstanding growth and leadership status. Micro Connect and Jaguar were named 2023 Deloitte Hong Kong Rising Star Leaders for their exceptional growth, visionary leadership and ground-breaking innovations, which have surpassed all expectations.

Eleven tech companies with outstanding growth received Technology Fast awards, with eighteen other high potential companies received Rising Star awards. This year, we also granted four companies, Avant Meats, GenieBiome, On-us and Wati, awards for Tech Fast Female, recognising their achievements and continuing Deloitte's dedication to supporting female leadership.