Bodies Supporting Startups
CREATE HONG KONG
FINTECH HONG KONG
HKTDC SME Centre
Located at the Hong Kong Convention and Exhibition Centre, the HKTDC SME Centre provides you with all the resources you need to do business. Spanning 16,000 sq ft over two levels, our centralised resource and interactive service centre offers a comprehensive business library, meeting areas, function rooms, state-of-the-art facilities and business support services. It also serves as a one-stop shop for HKTDC to introduce comprehensive services in export marketing to small and medium-sized enterprises (SMEs).
Whether you are a new SME start-up or an established business looking for solid business contacts, up-to-date business information on overseas markets, latest industry trends and more, you will find them all here.
An array of workshops, business matching and networking activities are also held at the HKTDC SME Centre throughout the year to help you gain new business contacts and grow your business.
HONG KONG DESIGN CENTRE
HONG KONG PRODUCTIVITY COUNCIL
HONG KONG R&D CENTRES
HONG KONG SCIENCE & TECHNOLOGY PARKS CORPORATION
A hub that will diversify and grow the city’s economy, expand employment opportunities across a multitude of industries, raise Hong Kong’s status as a global powerhouse to a new level, foster talent and interest in STEM as well as offer them highly-sought-after tech careers, and most importantly, help create a sustainable world and brighter future for the younger generation.
HONG KONG TRADE DEVELOPMENT COUNCIL
HK Startup Society exists to serve Hong Kong’s startup entrepreneurs in their quest to achieve startup success through a wealth of exclusively curated content provided by an elite group of startup entrepreneurs around the world. Their platform provides a collection of resources created by established startup entrepreneurs exclusively for startups to benefit from their experience and wisdom.
INVEST HONG KONG
Smart Government Innovation LAB (Smart LAB)
The Smart LAB provides a platform to connect government departments with the information technology (IT) sector, particularly local start-ups and small and medium enterprises (SMEs), to help departments leverage on the innovation and technical solutions from the industry to formulate innovative measures for enhancing the quality and efficiency of public services.
Support and Consultation Centre for Small and Medium Enterprises (SUCCESS)
Support and Consultation Centre for Small and Medium Enterprises (中小企業支援與諮詢中心 in Chinese), is known as SUCCESS in short. SUCCESS is run by the Trade and Industry Department in collaboration with various industrial and trade organisations, professional bodies, private enterprises and other Government departments to provide small and medium enterprises (SMEs) with business information and consultation services free of charge.
TecONE is the one-stop business support centre jointly run by Hong Kong Science and Technology Parks Corporation (HKSTP) and Hong Kong Productivity Council (HKPC). Located at Science Park, TecONE provides technology SME with comprehensive advisory services. Talks and activities are organised to facilitate technology SME to learn more about various funding resources available in the community, and to get connected with industry partners for collaboration opportunities which catalyse their growth.
Trade and Industry Department
Creativity and Design Funding Opportunities
CreateSmart Initiative (CSI)
DESIGN INCUBATION PROGRAMME (DIP)
Under the programme, each incubatee is expected to graduate within a period of up to 2 years. Throughout the incubation period, incubatees will enjoy a variety of support services including ready-to-use office, financial subsidies, business development and networking sessions to better prepare design-prenuers to meet the competitive challenges during the early and critical stages of development. Industrial organisations, academic institutes, investment angels, professional bodies and business partners are valued supporters of this programme.
FASHION INCUBATION PROGRAMME (FIP)
Financing Loan or Insurance Opportunities
Fintech Supervisory Sandbox
The Fintech Supervisory Sandbox (FSS), launched by the HKMA in September 2016, allows banks and their partnering technology firms (tech firms) to conduct pilot trials of their fintech initiatives involving a limited number of participating customers without the need to achieve full compliance with the HKMA’s supervisory requirements. This arrangement enables banks and tech firms to gather data and user feedback so that they can make refinements to their new initiatives, thereby expediting the launch of new technology products, and reducing the development cost.
HONG KONG EXPORT CREDIT INSURANCE
The Scheme will provide supporting services including mentorship and referral to entrepreneurial training to entrepreneurs and self-employed persons as required in order to enhance their ability in running business and also help them to resolve problems in their daily business operations.
SME FINANCING GUARANTEE SCHEME
SME LOAN GUARANTEE SCHEME (SGS)
The SME Loan Guarantee Scheme (SGS) provides loan guarantee to small and medium enterprises (SMEs) to help them secure loans from the participating lending institutions (PLIs) for acquiring business installations and equipment or meeting working capital needs of general business uses.
Innovation and Technology Funding Opportunities
Construction Innovation and Technology Fund (CITF)
The CITF will be used to support technologies (including machinery, equipment and software) with proven effectiveness in boosting productivity, uplifting built quality, improving site safety or enhancing environmental performance, through leveraging automation, industrialization and digitization rather than sheer innovative management practices.
Cyberport Macro Fund (CMF)
We take pride in the vibrant creative digital cluster at Cyberport where we transform human potential into performance through championing innovative ideas, investing in the best minds, and embracing bright ideas in the digital world that shape the way we live and think.
Cyberport digital entrepreneurs dream big. We are here to give them an unprecedented strong push by extending our one-stop entrepreneurial support with the Cyberport Macro Fund (CMF).
In line with the directive of 2017 Policy Address on development of Innovation and Technology (I&T) in Hong Kong, EMSD launches E&M InnoPortal which is a platform for I&T collaboration and maintains a list of the technology development needs of various government departments, public bodies and the E&M trade. We warmly welcome universities and start-ups etc. to provide E&M related innovation and technology for putting on the platform for matching. We will provide venues for trial of suitable projects, conduct prototype testing and pilot project in a collaborative way, and upload validated performance reports of trial cases to the platform for sharing with the public with a view to jointly promoting and driving the R&D and application of E&M related innovation and technology.
INNOVATION & TECHNOLOGY FUND FOR BETTER LIVING
The Innovation and Technology Fund for Better Living (“FBL”) is a scheme for funding innovation and technology (“I&T”) projects which will make people’s daily living more convenient, comfortable and safer, or address the needs of specific community groups.
INNOVATION AND TECHNOLOGY VENTURE FUND (ITVF)
The IA observes that authorized insurers may have initiatives in applying innovative technologies in their business operations but may be uncertain if those initiatives can meet the supervisory requirements of the IA. With a view to promoting technology development for the insurance industry in Hong Kong, the IA considers it necessary to adopt some flexibility in the supervisory requirements.
The IA would consider an Insurtech initiative to be a pilot run under the Sandbox to collect sufficient data to demonstrate to the IA that such Insurtech application can broadly meet relevant supervisory requirements arising from its codes and guidelines and other regulatory practices.
Leading Enterprises Acceleration Programme (LEAP)
LEAP gives startups wings to fly and accelerate growth on the world stage
Leading Enterprises Acceleration Programme (LEAP) is a business acceleration programme that caters to startups’ distinctive needs for growth and accelerates their innovation onto the global stage.
Preparing startups to take on the world
LEAP is open to promising technology startups from all industries. It is specifically for startups in growth stages that have the following attributes:
– Innovative technology
– Viable products ready for market
– A scalable business model
– High potential to grow regionally and globally
– A competent, passionate and open-minded team
TALENT LIST HONG KONG
TECHNOLOGY TALENT ADMISSION SCHEME (TECHTAS)
TECHNOLOGY TALENT SCHEME – POSTDOCTORAL HUB PROGRAMME
TECHNOLOGY TALENT SCHEME – Reindustrialisation and Technology Training Programme
Youth Development Fund
Market Development Funding Opportunities
To help SMEs, including start-ups, grasp economic opportunities and boost their competitiveness, the 2018-19 Budget proposed to extend the geographical scope of the BUD Fund to include the Association of Southeast Asian Nations (ASEAN) markets by launching the “ASEAN Programme”, and to increase the cumulative funding ceiling per enterprise for projects involving the Mainland China Market (the “Mainland Programme”). The Finance Committee of the Legislative Council approved the enhancement proposal and funding injection of $1.5 billion in June 2018.
Cyberport Accelerator Support Programme
The Cyberport Accelerator Support Programme prepares Cyberport incubatees and alumni for international markets and investors, providing up to HK$300,000 financial assistance to each successful applicant.
The Cyberport Accelerator Support Programme offers the following financial assistance:
75% subsidy on accelerator programme fees
75% subsidy on office rental
50% subsidy for interns
75% subsidy on travel and accommodation
75% subsidy on marketing and promotion (up to HK$50,000)
75% on professional services
Cyberport Overseas/Mainland Market Development Support Scheme (MDSS)
To continuously support Cyberport community companies, the Overseas/Mainland Market Development Support Scheme (MDSS) is announced by Hong Kong Government to provide a financial subsidy for graduates of Cyberport Incubation Programme (CIP) and Cyberport Creative Micro Fund (CCMF) to develop Mainland and Overseas market.
GENERAL SUPPORT PROGRAMME (GSP)
Projects to be supported under GSP may include conferences, exhibitions, seminars, workshops, promotional events, studies and surveys, youth activities, events or projects to support platform building / upgrading of industry, etc. In general, the GSP will not support projects for promotion of products/services of a specific commercial entity.
PATENT APPLICATION GRANT (GSP)
Retail Technology Adoption Assistance Scheme for Manpower Demand Management (ReTAAS)
SME EXPORT MARKETING FUND
Space Sharing Scheme for Youth (SSSY)
The Space Sharing Scheme for Youth (SSSY) is premised upon tripartite collaboration among the business sector, non-government organisations (NGOs) and the Government. Owners of revitalised industrial buildings and commercial buildings are invited to contribute floor areas for the operation of co-working space or studios to support young people. SSSY has received wide support and positive feedback from a great number of property owners, with properties distributed across Kwun Tong, Tsuen Wan, Wong Chuk Hang, Lai Chi Kok, Wan Chai and other districts. Some of the properties are operated by NGOs , while some are run by the property owners themselves.
Technology Start-up Support Scheme for Universities (TSSSU)
TSSSU provides funding to six universities to support their teams in starting technology businesses and commercialising their research and development (R&D) results.
The six universities are The University of Hong Kong, The Chinese University of Hong Kong, City University of Hong Kong, The Hong Kong University of Science and Technology, Hong Kong Baptist University and The Hong Kong Polytechnic University.
From 2019-20 onwards, an annual funding of up to $8 million is provided to each of the six universities. Each funded technology start-up may receive up to $1.5 million each year for no more than three years.
The scope of funding of TSSSU includes essential items for setting up and operating the start-ups (e.g. furniture and equipment, legal and accounting services, rental of necessary and suitable premises, manpower, etc.), expenditure on R&D, and promotion activities and marketing of their R&D deliverables, products or services.
TSSSU funding is provided to the universities on a reimbursement basis after the close of each Government financial year.
Technology Voucher Programme (TVP)
TRADE AND INDUSTRIAL ORGANISATION SUPPORT FUND (TSF)
Research and Development Funding Opportunities
Cyberport Collaboration Service
The essence of our effort is to provide connections to the Cyberport network across continents with focus in Mainland China. While facilitating partnerships and alliances between Hong Kong’s digital technology SMEs and global enterprises to achieve mutual success, we also promote the exchange of technology and talent between Hong Kong and worldwide digital technology enterprises to fuel the growth of the digital technology industry in Hong Kong. Some of partners include, Accenture, Lenovo, Microsoft, NetDragon, etc.
The Cyberport Collaboration Service include:
Partnership with industry players to foster exchange and collaboration
Business opportunities in Mainland China and overseas markets
Professional advice and soft-landing support
Cyberport Creative Micro Fund
Cyberport Creative Micro Fund (CCMF) encourage innovation and creativity by sponsoring high potential digital tech start-up projects and business ideas.
Successful applicants receive a HK$100,000 grant over six months to produce proof of concepts and prototypes.
Enhanced tax deduction for R&D Expenditures
In the 2017 Policy Address, the Chief Executive announced that enhanced tax deduction will be provided for expenditure incurred by enterprises on “qualifying research and development (R&D) activities” in order to encourage more enterprises to conduct R&D activities in Hong Kong. The deduction will be 300% for the first $2 million of the aggregate amount of payments made to “designated local research institutions”(DLRI) for “qualifying R&D activities” and “qualifying expenditures” incurred by the enterprises, and 200% for the remaining amount. There is no cap on the amount of enhanced tax deduction.
ENTERPRISE SUPPORT SCHEME (ESS)
GUANGDONG-HONG KONG TECHNOLOGY COOPERATION FUNDING SCHEME (TCFS)
INNOVATION & TECHNOLOGY SUPPORT PROGRAMME (ITSP)
INTERNSHIP PROGRAMME (GSP)
1. Internship Programme (Innovation and Technology Fund) (“IP-ITF”)
2. Internship Programme (Hong Kong Science & Technology Parks Corporation (HKSTPC) and Hong Kong Cyberport Management Company Limited) (“IP-SPC”)
Lion Rock 72
Launched in October 2016, Lion Rock 72 is the first co-working space outside Hong Kong Science Park set up by HKSTP. It serves to support our incubatees and let aspiring technology talent access HKSTP’s full range of pre-incubation and soft-landing business support services in a downtown location. It is designed to encourage young talent still in universities to gather and stay connected with HKSTP on the road to becoming a start-up business.
Midstream Research Programme for Universities (MRP)
The MRP is a dedicated programme to encourage universities to conduct more midstream research. It also aims to foster more collaborative efforts among local and overseas universities and research institutions. Industry sponsorship is not mandatory under the MRP.
There are two types of projects under the MRP –
a. Standalone Projects:
The maximum funding support for standalone projects is HK$5 million per project.
b. Collaboration Projects involving multiple disciplines or research institutions:
The maximum funding for collaboration projects is HK$10 million per project. A co-applicant can be a different unit of the same university, or a different local/non-local university/research institution.
Partnership Research Programme (PRP)
PRP, which merges the University-Industry Collaboration Programme (UICP) and the collaborative stream of Innovation and Technology Support Programme (ITSP), was launched in January 2019. PRP aims to support research and development (R&D) projects undertaken by private companies in collaboration with local universities and public research institutions.
PRP provides matching funding support for approved projects. The maximum project duration is 3 years. Applications for PRP are open all year round.
Public Sector Trial Scheme (PSTS)
PSTS provides funding support for production of prototypes/samples and conducting of trial schemes in the public sector to facilitate and promote the realisation and commercialisation of R&D results under ITF projects.
The prototypes/samples and the trial schemes should aim to facilitate the development of new products not already available in the market currently, and employing the R&D results/deliverables of the completed ITF projects.
RESEARCH & DEVELOPMENT CASH REBATE SCHEME
Science and Technology Entrepreneur Programme (STEP)
The Science and Technology Entrepreneur Programme (STEP) is a one-year startup support programme designed to nurture tech-focused entrepreneurs to become successful startups and help them turn their brilliant ideas into reality.
Through the programme, entrepreneurs will receive all-rounded support from HKSTP to acquire the essential skills to launch their new ventures. Apart from business model design and investment training, they will also receive guidance on fine-tuning ideas and technical development.
Participating entrepreneurs or startups will also have access to HKD$ 100,000 seed funding and a co-working space during the 12-month programme to realise their ideas.
To maximise the effectiveness the programme, a series of training will be arranged for the participants covering the following topics:
Hong Kong’s startup ecosystem
Technical skills on the latest technologies
Business model and business plan
Investment and finance
Funding support in Hong Kong
TechnoPreneur Partnership Programme (TPP)
HKSTP’s TechnoPreneur Partnership Programme (TPP) has a simple goal: to nurture Hong Kong’s technology startup community, and to promote and encourage entrepreneurship. The programme provides a wide range of starup supports services including investment support service, the soft landing centre, lab facilities, coaching, training, promotion, community outreach, business development support and incubation programmes.
To do this, we’ve teamed up with six local universities, accelerators, co-working spaces, and the key players in the startup community to leverage their knowledge and market insights.
We share support services, our technical expertise, our resources, and most importantly we encourage networking.
All these elements come together to drive the entrepreneurial spirit, and create an ideal environment where startups can realise their dreams.
THE SOCIAL INNOVATION & ENTREPRENEURSHIP DEVELOPMENT FUND (SIE FUND)
UNIVERSITY-INDUSTRY COLLABORATION PROGRAMME (UICP)
Teaching Company Scheme
Matching Grant for Joint Research
Industrial Research Chair Scheme
Social Innovation Funding Opportunities
SOCIAL INNOVATION & ENTREPRENEURSHIP DEVELOPMENT FUND (SIE FUND)
iDM-Square Hardware Accelerator
iDM-square stands for “Idea, Design, Manufacture and Market”, a loop to describe the idea realisation journey
iDM-square is HKSTP’s new hardware product development programme designed to help startups shorten the hardware development cycle and lower R&D and production costs. HKSTP and programme partners coach Park companies in market analysis, market positioning, meeting accreditation criteria and IP application as they progress to commercially-viable production, enabling them to leverage the innovation momentum and tap the production prowess of the Greater Bay Area.
iDM-square is a six-month hardware accelerator that expedites and supports startups in product development, including:
– “Design for Manufacturing” training/workshops (8 modules in 27 sessions)
– Greater Bay Area (GBA) workshops with leading manufacturers
– Clinic/consultation/coaching with experts from 10 manufacturing fields
IP MANAGER TRAINING PROGRAMME
Those who participate in the training programme will gain a good basic understanding of IP management and will help your enterprise to:
- Enhance awareness of IP protection in your enterprise
- Fully exploit the creative potential of your enterprise
- Proactively protect your enterprise’s IP from infringement
- Liberate the value of your enterprise’s IP assets for trading or seeking investment
- Enhance your enterprise’s competitiveness
The two-day training programme will be delivered by local IP experts. Participants will receive a certificate of attendance upon completion of training.