Events

Hong Kong Technology Fast 20 and Hong Kong Rising Star 2019

2019 HK Tech Fast 20 and Rising Star Program

    Program overview

    Hong Kong Technology Fast 20 (Hong Kong TF20) is a subproject of the Deloitte China Technology Fast 50 (TF50) Program, hosted by Deloitte China and supported by Hong Kong Cyberport and Hong Kong Science and Technology Parks Corporation as strategic partners. It aims to explore and recognize the fastest-growing and most innovative enterprises in Hong Kong. As the sister program of Hong Kong TF20, Hong Kong Rising Star recognizes young companies in leading positions that have ample room for growth in their industry segments.

    Hong Kong TF 20 and Hong Kong Rising Star are held simultaneously. Once an enterprise enters the Hong Kong TF20 ranking, it automatically becomes a candidate for the Deloitte China TF50 and Deloitte Asia Pacific Technology Fast 500 programs. Hong Kong Rising Star winners are eligible for the Deloitte China Rising Star Program. Winning companies can gain extensive media exposure and business opportunities, build brand eminence and reputation and boost staff pride.

    Deloitte launched the Technology Fast 50/500 Program in Silicon Valley in 1995. It takes place simultaneously every year in more than 10 countries including US, UK, Germany, Japan and China. The mainstream media have considered the Program as a benchmark for global fast-growing companies. Some of the notable winners include Apple, Google, Microsoft, Amazon, Tencent, Alibaba, Baidu, Qihoo 360, WuXi AppTec, Hikvision, etc. As most of them were shortlisted at their growing stages, the Program is also known as a platform to find rising stars.

     

    Program partners

    Company names in alphabetical order (click to enlarge image)

    Timeline

    Applications start: 14 June 2019

    Application deadline: 15 August 2019

    Awards ceremony: 8 November 2019

    Eligibility and selection criteria

    Eligibility:

    To be eligible for Hong Kong TF20, a company should:

    • Own intellectual property or advanced technology that contributes most of its operating revenue;
    • Be headquartered or have its main businesses in Hong Kong;
    • Submit audit reports for the past three years;
    • Have had operating revenue of at least HKD1.2 million in fiscal year 2016 (i.e. the first of the past three years).

    To be eligible for Hong Kong Rising Star, a company should:

    • Be headquartered in Hong Kong;
    • Have leading technologies and a viable business model;           
    • Be in a leading position and with plenty of room for growth in their industry segment;
    • Have extensive growth potential.

     

    Selection criteria:

    1. Hong Kong TF20: Revenue growth rates during the past three fiscal years
    2. Hong Kong Rising Star: Company valuation, founding team, technological innovation and industry prospects

    Note: The applicant can only apply for either TF20 or Rising Star in the same year. All the financial information of the enterprises will be strictly confidential.

     

    Industry segments

     

    Main segment

    Sub segment

    Internet

    E-commerce

    Platform service

    Online education

    Online medical care

    Sharing economy

    Car networking

    Software

    AI tech

    Development of games

    Cloud computing

    Big data

    Blockchain

    Virtual reality tech

    Software commercial deployment and application

    New media

    Pan-entertainment

    Network broadcast

    Electronic sports

    News media/ We media

    Hardware

    Semiconductor

    Artificial intelligence chip

    Intelligent hardware

    Life sciences

    Biotech

    Pharmacy

    Medical facility and service

    Medical treatment

    Clean technology

    Renewables

    Green technology

    Finance

    Financial technology

    Internet finance

    Intelligent manufacturing

    Intelligent driving

    AI equipment manufacturing

    Intelligent manufacturing

    Internet of things manufacturing

    Other high-tech manufacturing

    New retail

    New retail

    Logistics service

    Logistics service

    Communication

    Communication technology

    5G

    Applications

    Hong Kong TF20

    Application website: http://www.techfast.cn/2019xianggang20/index.html

    Procedure:

    1. Fill in and complete online form for basic corporate information;
    2. Fill in and complete online CEO survey;
    3. Submit audit reports for the past three years through the online platform.

    Hong Kong Rising Star

    Application website: http://www.techfast.cn/2019xianggangmrzx/index.html

    Procedure:

    1. Fill in and complete online form for basic corporate information;
    2. Summit supplementary information through the online platform.

    Benefits for the winners

    • Enhancing brand eminence
    • Receiving much attention from banks and investment institutions such as VC/PEs
    • Attracting talents and boosting the pride of the staff
    • Gaining recognition, policy incentives and support from local governments and organisations in the Greater Bay Area

    Deloitte's value-added services

    • Deloitte Growth Academy
    • Enterprise health check
    • Long term incentive consulting
    • Financial advisory
    • Domestic and overseas IPO audit and tax planning
    • IT consulting
     

    Enquiries

    Fong Ho Wan
    Direct: +852  2852 6648
    Email: howanfong@deloitte.com.hk

    Abby Cheng
    Direct: +852 2852 5819
    Email: abbycheng@deloitte.com.hk

    For more information about Hong Kong TF20 2019, please visit www.techfast.com.cn