Youth Innovation and Entrepreneurship in the
Guangdong-Hong Kong-Macao Greater Bay Area

The Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area) comprises the two Special Administrative Regions of Hong Kong and Macao, and the nine municipalities of Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing in Guangdong Province. The total area is around 56 000 km². In 2022, the total population in the Greater Bay Area is over 86 million and the GDP is over RMB 13 trillion.

There has been rapid development of youth entrepreneurial bases in the Greater Bay Area in recent years, providing massive hardware and software support to innovative and entrepreneurial activities. Besides enjoying the concessionary policy initiatives introduced by various municipal governments in the Greater Bay Area, Hong Kong young people who have successfully established a foothold can also benefit from the incubation and guidance services offered by the entrepreneurial bases in which they have established. These help reduce entrepreneurial risks.

Under the “Youth Development Fund”, the funded NGOs will collaborate with about 80 entrepreneurial bases in Hong Kong and the Mainland cities of the Greater Bay Area in order to offer entrepreneurial support and incubation services to Hong Kong young people who intend to start their businesses in various industries and cities.