G-Rocket, a startup accelerator program co-founded by Hong Kong legislator Johnny Ng Kit-chong, will help 1,000 Web3 startups set up offices in Hong Kong over the next three years.

Casper Wong, co-founder and CEO of G-Rocket, said this week that 150 startups, mainly founded by Chinese entrepreneurs from other regions, have signed up for the accelerator's new program. "We hope to help excellent companies and talents return to Hong Kong in the post-epidemic era."

G-Rocket's project aims to help Web3 startups obtain Hong Kong office space, banks (through virtual bank ZA bank) and government resources. In addition, G-Rocket is a subsidiary of Wu Jiezhuang's venture capital firm Goldford Group. (The Block)