Events

Hong Kong Technology Fast 20 and Hong Kong Rising Star 2019

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