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GLC 2020

the Projects

How can start-ups survive in the current economic climate

Hong Kong

Resilient Economies and Businesses

Our project is to develop an online platform with the appropriate regulations and capabilities to provide startups with the necessary resource and attention it needs to approach current issues with valid solutions.

Black swan events are increasingly frequent - It could be triggered by social activism, geopolitics, or more relevantly, a global pandemic. Most businesses struggle with these sudden, unexpected changes. We see large multibillion corporations fail due to its inability to act fast. Yet, some businesses thrive on these changes, and it seems likely that we are entering a new normal. A new normal where embracing or at least adapting to these changes is the only constant.

In established economies, startups face another level of challenges. Apart from difficulties aforementioned, startups face fierce competition from all sides, competing for business, funding, and talent.

By the end of the 2000s, crowdfunding became the obvious solution. By letting new entrepreneurs pitch their own ideas online in however way they see fit, the success of these startups were left to the public and economic forces. However, virtually the existence of all crowdfunding platforms online was for the purpose of sharing the success of an idea, more than it was to materialize solutions for the pressing issues we see today.

Our solution is a three step approach. (1) An online platform that is government driven, free, and well regulated where investors and innovators can exchange ideas. (2) Facilitate dialogues between innovators and public policy makers to understand what issues should be prioritized and what are the resources needed to tackle them. (3) Government support that are both symbolic and functionally, such as through subsidies or other factors of production.

The intention is to match innovators with challenges, whether it's creating paper products from dead leaves to curb deforestation, or the development of a virtual classroom where students can attend their classes in front of a camera to avoid close contact.

Project  GLC Members 2020

Forte

Forte

Fung

CoFounder & CEO, MotoNerv Limited

City University of Hong Kong

Suying

Suying

Tan

Master of Business Administration (MBA)

Hong Kong University of Science & Technology

Kin Sing

Kin Sing

Chan

Master of Finance

University of Hong Kong

Sze Wun

Sze Wun

Tong

Master of Economics

University of Hong Kong

Sahil

Sahil

Jain

Master of Business Administration (MBA)

Hong Kong University of Science & Technology

Vicky

Vicky

He

Master of Business Administration (MBA)

Hong Kong University of Science & Technology

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