Bodies Supporting Startups
CREATE HONG KONG
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.
FINTECH HONG KONG
Fintech Supervisory Sandbox
HKTDC SME Centre
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 PARK
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.
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.
INVEST HONG KONG
SFC Regulatory Sandbox
Smart Government Innovation LAB (Smart LAB)
Located at the ground floor of Hong Kong Productivity Council with a total area of 4,000 square feet, SME One “中小企一站通” sets to provide comprehensive information in relations to various government industry support funding schemes, market financial proposals and latest IT solutions pertinent to enhanced operation and efficiency to SMEs.
Support and Consultation Centre for SMEs (SUCCESS)
Trade and Industry Department
Government Funding Schemes
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.
Chinese Medicine Development Fund
The Chinese Medicine Development Fund comprises of two parts, namelythe Enterprise Support Scheme (ESP) and the Industry Support Scheme (ISP). There are four funding schemes under ESP, including funding scheme for “Chinese Medicine Individual Training and Chinese Medicine Clinics Improvement Funding Scheme”, the “Proprietary Chinese Medicine Quality and Manufacturing System enhancement Funding Scheme”, the “Proprietary Chinese Medicine Registration Supporting Scheme” and the “Chinese Medicine Warehouse Management and Logistics Improvement Funding Scheme”. The ISP is divided into two projects, including “Chinese Medicine Industry Training Funding Scheme & Chinese Medicine Promotion Funding Scheme” and the “Chinese Medicine Applied Studies and Research Funding Scheme”.
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.
CreateSmart Initiative (CSI)
In 2009, the Government established the HK$300 million CreateSmart Initiative (CSI) to provide financial support to initiatives that are conducive to the development and promotion of creative industries in Hong Kong. Over the years, a total of HK$2 billion has been injected into CSI.
Starting from 1 June 2011, CSI also accepts applications for design-related projects. More details and online application for design-related projects are available at the website of CreateSmart Initiative Design Support.
Innovation and Technology Fund
The Innovation and Technology Fund (ITF), administered by the Innovation and Technology Commission, aims to increase the added value, productivity and competitiveness of our economic activities. The Government hopes that, through the ITF, Hong Kong companies could be encouraged and assisted to upgrade their technological level and introduce innovative ideas to their businesses.
There are several different programmes under the ITF.
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.
PATENT APPLICATION GRANT
The Recycling Fund comprises two parts, namely the Enterprise Support Programme (ESP) and Industry Support Programme (ISP). The former provides funding support for individual Hong Kong enterprises to upgrade and expand their waste recycling operations in Hong Kong. The latter provides funding support for non-profit distributing organisations (NPOs), such as professional bodies, trade and industry organisations, research institutes and other industrial support organisations registered in Hong Kong to undertake non-profit making projects which can assist the local recycling industry in general or in specific sectors in enhancing their operational standards and productivity.
Recycling Fund – New and Start-up Enterprises
In response to the needs and development trend of the recycling industry, theme-based schemes are introduced under the Recycling Fund to facilitate the industry to upgrade its operational capabilities and efficiency for sustainable development.
Retail Technology Adoption Assistance Scheme (ReTAAS)
Sustainable Agricultural Development Fund
The Sustainable Agricultural Development Fund (SADF) is designed to support practical, application-oriented projects, schemes or research work that would help farmers enhance their productivity and output, as well as contribute to fostering the sustainable development and enhancing the overall competitiveness of the agricultural industry.
Sustainable Fisheries Development Fund
The Fund aims to help the local fishing community move towards sustainable or high value-added operations so that the trade can enhance its overall competitiveness and cope with new challenges.
THE SOCIAL INNOVATION & ENTREPRENEURSHIP DEVELOPMENT FUND (SIE FUND)
Trade and Industry Department Funding Schemes
These schemes help small and medium enterprises (SMEs) in Hong Kong secure financing for acquiring business installations and equipment, and meeting working capital needs; expand overseas markets; and enhance the overall competitiveness of Hong Kong enterprises in general or in specific sectors.
Youth Development Fund
Enhanced tax deduction for R&D Expenditures
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.