Technology is changing the game for traditional business models. Whether it’s streamlining logistics or creating personalized customer experiences, tech innovation is making businesses more efficient, scalable, and ready for massive growth. In this exciting environment, the Hong Kong Science and Technology Parks Corporation (HKSTP) is playing a key role. In fact, HKSTP is driving innovation and supporting businesses in their transformation journey. Through its Elite Programme, HKSTP helps fast-growing tech ventures scale. It provides the tools, resources, and support they need to launch impactful, market-ready solutions with global potential.

To highlight the achievements of its Elite companies, HKSTP hosted the Elite Global Inno Day on 14 November. Over 200 partners and investors joined the event. 17 of the Elite companies participated in the Elite Innovation Pitch. They presented their cutting-edge technological innovations and business strategies to corporate partners, potential investors and channel partners. It showcased HKSTP’s commitment to building a dynamic innovation ecosystem in Hong Kong, including extensive support for the portfolio companies. As a result, it sparked collaborations that push the boundaries of technology and drive real-world change.

Catalysing transformation with HKSTP’s Elite Programme

HKSTP’s Elite Programme has been a game-changer for high-growth tech startups, acting as a springboard to help them reach their full potential. Launched in 2019, the HKSTP Elite Programme has supported a total of 42 companies in expanding beyond Hong Kong, helping them become unicorns and public-listed companies. By offering everything from top-notch infrastructure and funding to global connections and talent support, the programme gives these ambitious ventures the tools they need to thrive while building bridges for international collaboration.

Eric Or, Acting Chief Corporate Development Officer of HKSTP, said, “As the largest innovation and technology (I&T) ecosystem in Hong Kong, HKSTP continues to foster the success of innovation-driven tech ventures through our Elite Programme.” The programme is helping them thrive, grow, and, ultimately, achieve their global ambitions, generate significant global impact, and attract international talent to Hong Kong. This also reinforces Hong Kong’s status as a global I&T and talent hub.

Today, the 24 active Elite companies boast a combined valuation of USD 2.67 billion, with a global presence spanning 16 markets across six continents. Further, 11 of them are now “centaurs,” with each generating at least USD 100 million in annual recurring revenue. The journey of three of these companies, Spaceship, Jumppoint, and PressLogic, showcase how HKSTP’s Elite Programme is catalysing business transformation.

Spaceship: Simplifying global logistics and empowering e-commerce 

“Our mission is to disrupt and simplify the e-commerce merchants’ shipping experience. Whether they are small businesses or global enterprises, we provide a one-stop solution for logistics,” shared Spaceship co-founder Chilam Lam. Spaceship began in 2020, initially focusing on personal shipping services. Over the years, the company has evolved to meet the needs of e-commerce merchants by providing a platform that consolidates logistics operations. They offer standardized features globally, but they also localize based on client needs.

Spaceship’s strength lies in its deep integration with popular e-commerce platforms such as Shopify, Magento, and Bigcommerce. Through Spaceship’s SaaS solution, businesses can automate logistics processes, customise shipping rules, and manage real-time data across channels. Participation in the HKSTP Elite Programme has been instrumental in Spaceship’s growth. The programme’s funding and resources enabled the company to accelerate R&D for proprietary technologies. With the programme’s support, Spaceship enhanced its ability to offer tailored, scalable solutions to meet the diverse needs of its clients.

Chilam explained how the programme facilitated globalisation efforts: “We didn’t have a presence or connections in many regions. The Elite Programme helped us establish relationships in areas like Singapore, China, and the U.S., speeding up our ability to launch and scale.” Spaceship is now poised to expand its fulfilment network to over 30 countries by 2025, continuing its mission to simplify logistics for businesses of all sizes.

Jumppoint: Revolutionising logistics with advanced technology 

Similarly, the Elite Programme accelerated Jumppoint’s rapid growth. Founded in 2020 by Samson Ho, the company’s innovative approach connects logistics services providers like driver partners, airline partners, cross-border trucking partners, and warehouse partners. As a result, it enables seamless global warehousing and delivery for businesses of all sizes. “Our mission is to lower the logistics cost for e-commerce and supply chain merchants, so everyone can sell products easily to the world at a very low cost,” said Ho during a recent interview. Jumppoint is a trailblazer in the asset-light logistics industry, with a sharp focus on cross-border e-commerce.

HKSTP Elite Programme has helped the company strengthen its technological infrastructure and forge strategic partnerships with investors, clients, and ecosystem partners. Through the programme, Jumppoint has enhanced its ability to address emerging trends in global supply chains. “The Elite Programme has been instrumental in connecting us with venture capital, government authorities, and other tech startups,” said Ho. “It’s not just about funding; it’s about creating an ecosystem where businesses like ours can thrive by working together.”

Ho further noted that they see growing opportunities in emerging markets like Southeast Asia, the Middle East, and South America. Jumppoint’s innovative approach, combined with the support of HKSTP’s Elite Programme, positions it as a leader in logistics technology. With its ability to adapt to market trends and a strong commitment to sustainability, Jumppoint is set to redefine cross-border e-commerce logistics in Asia and beyond. 

PressLogic: Make Marketing Great Again through social media, AI, and data

HKSTP’s Elite Programme doesn’t just support pioneers in logistics. Another company that’s part of its programme is PressLogic. It stands at the forefront of the global ad-tech ecosystem, combining cutting-edge social media strategies, artificial intelligence (AI), and advanced data analytics to empower brands worldwide. With a network of over 14 million social media followers, PressLogic has become a trusted partner for over 500 brands. These brands range from beauty and FMCG to banking and finance, F&B to telecommunications, and technology to government sectors.

“Our ecosystem integrates diverse dimensions of ad-tech, creating a seamless platform for content marketing, social listening, and AI-driven insights,” said Founder and CEO Ryan Cheung. The company has been able to reduce client costs by up to 70% while achieving impressive campaign results.  This included generating $50 million in sales for a property client. This focus on AI innovation ensures that PressLogic remains ahead of the curve in the rapidly evolving ad-tech landscape.

The HKSTP Elite Programme has played a pivotal role in PressLogic’s continued growth and global expansion. “The Elite Programme has significantly enhanced our profile, connecting us with strategic partners and providing funding opportunities,” shared Cheung. Recently, the company secured USD$5 million funding with the participation of HKSTP Capital. This allowed it to scale its ad-tech solutions and diversify its offerings. PressLogic is now focusing on strengthening its presence in markets like Singapore while exploring opportunities in Europe and the U.S. “With HKSTP’s support, we are confident in our vision to become a top-tier ad-tech player in Asia and beyond,” Cheung stated.

Cultivating a thriving tech talent ecosystem in Hong Kong

The success of HKSTP’s Elite Programme highlights the organisation’s dedication to building a vibrant ecosystem where technology, talent, and innovation come together. By providing top-notch support—like funding, infrastructure, and strategic partnerships—HKSTP helps high-growth tech companies scale up while boosting Hong Kong’s reputation as a global innovation hub. And it’s easy to see HKSTP’s impact through the stories of companies like Spaceship, Jumppoint, and PressLogic.

Moreover, 12 Elite companies are led by multinational management teams, and all Elite companies have committed to creating over 1,200 job opportunities in Hong Kong during the 3-year programme period. Looking ahead, HKSTP is all about making Hong Kong a go-to destination for global innovation. By backing companies that are shaping the future with transformative solutions, HKSTP is paving the way for a tech-driven world that’s more sustainable and connected. The organisation remains committed to attracting top talent and fostering partnerships that blend local expertise with global opportunities, creating a future where technology truly enhances lives.

HKSTP invites forward-thinking business leaders, partners, and customers to connect! Guidance will be provided for those eager to delve into collaborative, technological, and business pursuits in tech innovation. Contact HKSTP here.

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This article is produced by the e27 team, sponsored by HKSTP

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Featured Image Credit: HKSTP

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