GOVERNMENT SUPPORT

The Hong Kong Government is committed to supporting startups and SMEs to help realize their vision and take their business to the next level. Find out about government funding schemes available to assist your business.

Bodies Supporting Startups

CREATE HONG KONG

The CreateHK is a dedicated agency set up under the Commerce and Economic Development Bureau on 1 June 2009 to lead, champion and drive the development of the creative economy in Hong Kong. It co-ordinates Government policy and effort regarding creative industries, focuses Government’s resources catering for the promotion and speeding up of the development of creative industries in Hong Kong, and works closely with the trade to boost the development of creative industries.

CYBERPORT

Cyberport is a creative digital community with a cluster of technology and digital content tenants. With a vision to establish itself as a leading information and communications technology (ICT) hub in the Asia-Pacific region, Cyberport is committed to facilitating the local economy by nurturing ICT industry start-ups and entrepreneurs, driving collaboration to pool resources and create business opportunities, and acceleratingICT adoption through strategic initiatives and partnerships.

FINTECH HONG KONG

More than anywhere else in the region, Hong Kong offers a rock-solid base, with its legal system, financial and professional services, talent pool and quality of life. In the spirit of a previous famous line, this is “one small step for a company, one giant LEAP for its business.” Having launched in Hong Kong, fintech companies are encouraged to embrace what the city has to offer and then take the leap to grow and expand outward, both technologically with the local resources available, into China and elsewhere in Asia.

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

As the Hong Kong government’s advisor on design, Hong Kong Design Centre (HKDC) sets its mission to champion design’s many possibilities, to constantly remind our community what great, intelligent designs can achieve and to lead the way for our next generation of designers.

HONG KONG PRODUCTIVITY COUNCIL

The Hong Kong Productivity Council (HKPC) is a multi-disciplinary organization. It promotes productivity excellence through the provision of integrated support across the value chain of Hong Kong firms, in order to achieve a more effective utilization of resources, to enhance the value-added content of products and services, and to increase international competitiveness.

HONG KONG R&D CENTRES

The Hong Kong R&D Centre Programme is the core initiative driven by the Innovation and Technology Commission of HKSAR Government with the aim to harness Hong Kong’s advantages in applied research, intellectual property protection, business-friendly environment and proximity to the manufacturing based in the Pearl River Delta (PRD) region, to thrive as a regional technology service hub.

HONG KONG SCIENCE & TECHNOLOGY PARKS CORPORATION

Hong Kong Science and Technology Parks Corporation (HKSTP) is a statutory body that has one simple goal – to transform Hong Kong into the regional hub for innovation and technology development.

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

The Hong Kong Trade Development Council (HKTDC) offers a variety of platforms and business-matching services, connecting small and medium-sized enterprises in Hong Kong with business partners from all over the world. The HKTDC’s website will be useful for startups to find materials such as economic and policy analysis, global market information, and trade fairs.

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

Invest Hong Kong works with overseas and Mainland entrepreneurs, SMEs and multinationals that wish to set up an office – or expand their existing business – in Hong Kong. It offers free advice and services to support companies from the planning stage right through to the launch and expansion of their business.

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

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

Based on Hong Kong’s free trade policy and our strengths as an open economy, Trade and Industry Department works to facilitate and support the development of trade and industry in Hong Kong.

Creativity and Design Funding Opportunities

CreateSmart Initiative (CSI)

The CreateSmart Initiative (CSI) was established by the Government in June 2009 to promote and speed up the development of local creative industries so as to build Hong Kong into Asia’s Creative Capital. The CSI aims at providing financial support to projects conducive to the development of creative industries in Hong Kong. It is administered by the Create Hong Kong (CreateHK).

DESIGN INCUBATION PROGRAMME (DIP)

As a major incubation programme fully supported and funded by the Hong Kong SAR Government and managed by Hong Kong Design Centre, the Hong Kong Design Incubation Programme (DIP) aims to nurture design startups at the early stage of their business development, with hardware and software support.

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)

Fashion Incubation Programme (FIP) is an advanced business of fashion incubator for ardent fashion talents and brands. 15 designers will be selected to join a 2-year programme over a 3-year period. FIP aggregates expert business and technical advisory, resources, tools & technical expertise and support to nurture a new generation of fashion designers and design entrepreneurs. FIP Designers will grow through personal development, creative confidence, contents, contexts, authenticity and conscious leadership.

Financing Loan or Insurance Opportunities

Fintech Supervisory Sandbox

(FSS)

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 Hong Kong Export Credit Insurance Corporation was established in 1966 under the Hong Kong Export Credit Insurance Corporation Ordinance (Chapter 1115). It was created by statute with the aim of encouraging and supporting export trade by providing Hong Kong exporters with insurance protection against non-payment risks arising from commercial and political events. Its contingent liability under contracts of insurance is guaranteed by the Government of the Hong Kong Special Administrative Region, with the statutory maximum liability currently standing at $55 billion. The Corporation is required to operate in accordance with the requirements laid down in the Hong Kong Export Credit Insurance Corporation Ordinance and to pursue a policy directed towards securing revenue sufficient to meet all expenditure properly chargeable to its revenue account. It is a ‘public body’ under the Prevention of Bribery Ordinance. ECIC staff are not permitted to accept any advantages from ECIC customers. Anybody offering any advantages to ECIC staff in connection with official business commits an offence.

MICROFINANCE SCHEME

The Scheme aims to offer Micro Business Start-up Loans, Self-employment Loans and Self-enhancement Loans to assist people who wish to start their own businesses, become self-employed or achieve self-enhancement through training, upgrading of skills or obtaining professional certification.

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

The Scheme aims to help small and medium-sized enterprises (SMEs) and non-listed enterprises to obtain financing from participating lenders for meeting their working capital and business needs so as to enhance their productivity and competitiveness in the rapidly changing business environment.

SME LOAN GUARANTEE SCHEME

The Technology Talent Scheme, which comprises the Postdoctoral Hub Programme and the Reindustrialisation and Technology Training Programme, was launched in August 2018 to nurture and bring together more technology talent. The Scheme is implemented on a pilot basis for an initial period of five years from August 2018 with HK$500 million set aside from the Innovation and Technology Fund.

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).

E&M InnoPortal

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 Innovation and Technology Venture Fund (ITVF) aims to stimulate private investment in local innovation and technology (I&T) start-ups.To facilitate monitoring and administration of the ITVF, a company named “The Innovation and Technology Venture Fund Corporation” (ITVFC) has been set up to serve as a special-purpose vehicle to co-invest with the partner venture capital (VC) funds in local I&T start-ups at an overall matching investment ratio of approximately 1 to 2.

Insurtech Sandbox

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

The Talent List of Hong Kong has been drawn up with a view to attracting high quality talents in an effective and focused manner to support Hong Kong’s development into a high value-added and diversified economy. Currently the List comprises 11 professions. Talents under the List are those who Hong Kong needs most in the immediate to medium term for the development of economy.While the Talent List has displayed what professions are the talents that Hong Kong needs most and are eligible for the immigration facilitation under the Quality Migrant Admission Scheme (QMAS), potential entrants from other industries and sectors not covered by the Talent List are welcomed to apply for the QMAS and other admission schemes as long as they fulfill the respective eligibility criteria.

TECHNOLOGY TALENT ADMISSION SCHEME (TECHTAS)

TechTAS is a three-year pilot scheme which provides a fast-track arrangement for eligible technology companies/institutes to admit overseas and Mainland technology talent to undertake R&D work for them. Under the pilot scheme, tenants and incubatees of the Hong Kong Science and Technology Parks Corporation (HKSTPC) and Hong Kong Cyberport Management Company Limited (Cyberport) that are engaged in the areas of biotechnology, artificial intelligence, cybersecurity, robotics, data analytics, financial technologies and material science are eligible for application.

TECHNOLOGY TALENT SCHEME – POSTDOCTORAL HUB PROGRAMME

The Technology Talent Scheme, which comprises the Postdoctoral Hub Programme and the Reindustrialisation and Technology Training Programme, was launched in August 2018 to nurture and bring together more technology talent. The Scheme is implemented on a pilot basis for an initial period of five years from August 2018 with HK$500 million set aside from the Innovation and Technology Fund.

TECHNOLOGY TALENT SCHEME – Reindustrialisation and Technology Training Programme

The Technology Talent Scheme (the Scheme), which comprises the Postdoctoral Hub Programme and the Reindustrialisation and Technology Training Programme (RTTP), was launched in August 2018 to nurture and bring together more technology talent. The Scheme is implemented on a pilot basis for an initial period of five years from August 2018 with HK$500 million from the Innovation and Technology Fund.

Youth Development Fund

The Youth Development Fund aims at supporting youth entrepreneurship and youth development activities through collaboration with non-governmental organisations (NGOs), including working with NGOs in the form of a matching fund to help young people start their own business. The Youth Development Commission rolled out in March 2019 the Funding Scheme for Experiential Programmes at Innovation and Entrepreneurial Bases in the Guangdong-Hong Kong-Macao Greater Bay Area and the Funding Scheme for Youth Entrepreneurship in the Guangdong-Hong Kong-Macao Greater Bay Area. The schemes aim at subsidising Hong Kong NGOs to provide start-up assistance and incubation services that befit the needs of young people who are about to start their businesses in Hong Kong and in other cities of the Greater Bay Area, including helping them settle in entrepreneurial bases and further helping them meet their initial capital needs.

Market Development Funding Opportunities

BUD FUND

To help Hong Kong enterprises capture the opportunities arising from the National 12th Five-Year Plan, the Hong Kong Special Administrative Region Government set up a “Dedicated Fund on Branding, Upgrading and Domestics Sales” (the BUD Fund) of $1 billion in June 2012.

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)

GSP is a programme under the ITF catering for non-R&D projects that contribute to the upgrading and development of our industries as well as fostering an innovation and technology culture in Hong Kong.

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)

The Patent Application Grant (the Grant) is a funding scheme to assist local companies and individuals to apply for patents of their own inventions. The Grant is administered by the Innovation and Technology Commission with Hong Kong Productivity Council (HKPC) as the implementation agent.

Retail Technology Adoption Assistance Scheme for Manpower Demand Management (ReTAAS)

The Government sets aside $50 million for Retail Technology Adoption Assistance Scheme for Manpower Demand Management (ReTAAS) to help the retail industry to adopt relevant information and communications technology and other technologies that help manage manpower demand.

SME EXPORT MARKETING FUND

The SME Export Marketing Fund (EMF) aims to encourage small and medium enterprises (SMEs) to expand their markets outside Hong Kong by providing financial assistance to SMEs for participation in export promotion activities.

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)

TVP aims to subsidise local small and medium enterprises (SMEs) in using technological services and solutions to improve productivity, or upgrade or transform their business processes.

TRADE AND INDUSTRIAL ORGANISATION SUPPORT FUND (TSF)

The Trade and Industrial Organisation Support Fund (TSF) provides financial support to non-profit-distributing organisations to implement projects which aim at enhancing the competitiveness of non-listed Hong Kong enterprises in general or in specific sectors. It is a merger between the previous SME Development Fund (SDF) and the Organisation Support Programme (OSP) under the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund).

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:

Network
Partnership with industry players to foster exchange and collaboration

Opportunities
Business opportunities in Mainland China and overseas markets

Support
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)

It is a major funding initiative under the Innovation and Technology Fund (ITF), which is designed to encourage the private sector to invest in research and development (R&D).

GUANGDONG-HONG KONG TECHNOLOGY COOPERATION FUNDING SCHEME (TCFS)

TCFS aims to enhance the level of collaboration on R&D between organizations in Hong Kong and Guangdong Province. Projects funded by the TCFS will have to demonstrate an element of Guangdong/Hong Kong cooperation (e.g. collaboration between research institutes and enterprises in Guangdong, Shenzhen and Hong Kong).

INNOVATION & TECHNOLOGY SUPPORT PROGRAMME (ITSP)

ITSP supports midstream/downstream research and development (R&D) projects undertaken mainly by designated local public research institutes, R&D Centres, industry support organisations, professional bodies and trade and industry associations.

INTERNSHIP PROGRAMME (GSP)

The Internship Programme aims to encourage university graduates to pursue a career in innovation and technology (I&T) and nurture more I&T talents. The Internship Programme consists of the following two sub-programmes:The Internship Programme aims to encourage university graduates to pursue a career in innovation and technology (I&T) and nurture more I&T talents. The Internship Programme consists of the following two sub-programmes:

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

The Research and Development (R&D) Cash Rebate Scheme aims to reinforce the research culture among private companies and encourage them to establish stronger partnership with designated local public research institutions.

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.

Programme Benefits

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
Pitching preparation
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)

The Social Innovation and Entrepreneurship Development Fund (SIE Fund), as a catalyst for social innovation in Hong Kong, connects our community with different sectors, including businesses, NGOs, academics and philanthropies to create social impact through innovative solutions that address poverty and social exclusion. Mostly through intermediaries, the Fund provides visionary individuals and organisations with diverse resources in support of research, capacity building and the entire life cycle of innovative ventures, from idea incubation and seed funding to implementation and eventual scale-up. The ultimate goal is to foster an ecosystem where social entrepreneurs can thrive and innovative ideas, products and services can benefit society by meeting underserved needs, unleashing underutilised talents and more.

UNIVERSITY-INDUSTRY COLLABORATION PROGRAMME (UICP)

UICP aims to stimulate private sector interest in R&D through leveraging the knowledge and resources of universities. The emphasis is on close collaboration between private companies and universities in Hong Kong. There are three schemes under this programme:

Teaching Company Scheme

Matching Grant for Joint Research

Industrial Research Chair Scheme

Social Innovation Funding Opportunities

SOCIAL INNOVATION & ENTREPRENEURSHIP DEVELOPMENT FUND (SIE FUND)

The Social Innovation and Entrepreneurship Development Fund (SIE Fund) connects the community with businesses, NGOs, academics and philanthropies to provide budding entrepreneurs with a wide range of resources to help them develop innovative ideas, products and services that serve unmet social needs. In FY 2015/16 the SIE Fund has provided funding to 25 ventures to help social entrepreneurs actualise their innovative ideas and their empathy for the underprivileged. Besides, an on-line platform has been built at the Fund’s website to share stories of “HK social innovators” with the aim of inspiring more visionary persons to start their own ventures.

Training Scheme

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

Nowadays, intellectual property (IP) is recognised as a key element in business development. The IP Manager Training Programme aims to build up the manpower capacity in the businesses, especially small and medium enterprises (SMEs), to adopt good IP management into their overall business strategy and practice.

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.

NEW TECHNOLOGY TRAINING SCHEME (NTTS)

It aims to provide assistance to companies that wish to have their staff trained in a new technology that would be useful to their business. New technologies include those which are not widely applied in Hong Kong and the absorption and application of which will significantly benefit Hong Kong.

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