Incubation Program – Hong Kong Science and Technology Park

Hong Kong is not famous for providing the best environment to entrepreneurs. But if you look around, help is there. Established in 2001 by Hong Kong government, Hong Kong Science and Technology Parks offers incubation program for technology startups in the territory.

The program, called Incu-Tech, has been operating since 1992. At first, it was located in a downtown building in Kowloon Tong. Then, it moved to Science Park, a water-front county-side area in the north-eastern part of Hong Kong, in 2001. The place offers a rare campus-like environment in the crowded city.

The program lasts three years – long enough for a company to grow from just an idea to a big business. Apart from providing office space – free for the first year and substantially low for the next two, it also provides various support typical entrepreneurs would need. For example, mentorship, business plan consultancy, training for business skill, technology support and laboratory services, assistance in marketing, legal services, accounting services, meeting with potential investors, and so on. It also helps entrepreneurs to leverage on research ability of local and oversea universities. For example, if a startup would like to do research for certain project, it can hire some student interns from the universities and the program can offer subsidy for the students’ salary.

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