Introduction of

Hong Kong Science & Technology Parks Corp.

• To provide quality infrastructure and support facilities for innovation and technology development

• To offer full-service incubation programmes for technology start-ups

• To foster partnership between industry and universities through joint training and research programmes

Mission of HK Science & Tech Parks

Corp.

To encourage and promote innovation-based

entrepreneurial activities in order to:

I. Contribute to GDP growth and increase high value-added employment;

II. Reinforce Hong Kong’s position as a product development centre;

III. Enhance Hong Kong’s position as a window to the world.

The aim of Incu-Tech

Business and Technical Support

• Technical & Management • Training & Education• Promotion• Networking• Aid Package• Office Premises• Communal service

Technical and Management • Coverage of Technical & Management

Assistance Fund– Consultancies from universities– Pre-approved consultancies from

industry– Access to library– Access to laboratories– Video linking to training– Teaching Company Scheme for R&D– Work-study Programme– Student projects

Training and Education

•Upgrade the managerial skill of incubatees

•Keep abreast of the current technological trends–Seminars/Forums by international specialists on new technologies

Promotion

•Assistance to incubatees when the final products are ready– Product Launches/seminars– Sponsored Exhibitions

Promotion

Computer Expo

• Exhibition

Promotion

303

Asia Vision with Sealand

• Product Launch

Promotion

• Enable incubatees to source capital, marketing, technology and OEM manufacturing partners.

• Annual TechWorld

TechWorld

BusinessMatching

• Business Matching

Networking

To create synergy and business opportunities that develop from client networking

• Luncheons and orientation programmes

• Admission to the social clubs of selected universities

• Mentorship Programme– Sharing the business wisdom and a

third-person perspective

Aid Package

3 yearsHK$184kPromotion Assistance Fund *

PeriodAmount

3 yearsHK$45kOperation Reimbursement Fund **

3 yearsHK$18kTraining Assistance Fund **

3 yearsHK$98kTechnical & Management Assistance Fund *

* HKSTP will subsidize 75% of the cost up to the amount specified and incubatees are responsible for the other 25%.** HKSTP will subsidize 50% of the cost up to the amount specified and incubatees are responsible for the other 50%.

Office Premises• Up to a 12-month rent free

period • Ready to use office• Business Centre Service

– Receptionist service– Meeting Room– Office machines– Pantry

(Rent + (TC) Mgmt Fee *(p.s.f.) (SP)

HK$ 6+2

HK$ 4+2.5

HK$ 6+2

HK$ 4+2.5

HK$ 0+0

HK$ 0+0

Third Year

Second Year

First Year

* subject to meeting of milestones

Communal Services

• Legal & IP Consultancy Referral Services– access to quality legal and IP

consultancy services at HK$375 per hour

– Service providers

• WI Cheung & Co (a firm of solicitors)• Wilkinson & Grist (a firm of solicitors)• Squire, Sanders & Dempsey (a firm of

solicitors)• Versitech Ltd. (a technology transfer

company of the University of Hong Kong)

Innovation Centre (IC)• Converging entrepreneur and innovation• Focusing towards IC design and electronic system

engineering• Sharing of advanced technological infrastructure -

IC Design/Development Support Centre• Providing specialized services:

Design library Wafer shuttle Specialized IC CAD tool Test system platforms Specialized labs for SEM, FIB Wet labs for product/failure analysis

• Next generation incubation location• 100,000 sq. ft. floor space of lab/office• Ready for occupancy April 2003

Mandatory Admission Criteria

• A start up company registered in Hong Kong

• At least 2 full-time staff, one of whom is a shareholder with not less than 20% share

• The company should have a dedicated and technically competent management team

• The company has a viable business plan

Mandatory Admission Criteria

• Develop or commercialize technology in the innovation technology industry

• Conduct most of R&D activities at the Incubation Centre.

• It cannot operate only a sales & marketing office or retail outlet at the Incubation Centre;

• Laboratories at the Incubation Centre must be environmentally friendly which do not handle hazardous materials. They must be able to operate in an office building.

Qualitative Assessment Criteria

• Quality and competence of the management team (e.g. one/more of the shareholders is a technical person of related discipline)

• Business viability• Innovativeness• Technology/R&D content• Milestones set for 6th month and 18th

month after admission

No. of Incubatees & Graduates in the Programme

62

72

5 6 9

1923

32

4035

336

2519

40

63

22

92/93 93/94 94/95 95/96 96/97 97/98 98/99 99/00 00/01 01/02

Graduates

Incubatees

Incu-Tech

• Examples of promising new projects involve commercialization of - – Wireless technology– Biometric applications– Application-specific IC design– System-on-chip technology– Multimedia communications– Thermal management technology for semiconductor industry

Star Performers of Incu-Tech

• TeleEye: video and data compression technology for remote monitoring system– First incubatee listed on GEM– Oversubscribed by over 100

times when listed in May 2001

• InfoTalk: multilingual speech recognition systems– Received several local &

international awards– J/V with Intel and secured 3rd

round VC funding in June 2001, despite adverse market conditions.

Star Performers of Incu-Tech• LECCO Technology: database

performance enhancement software– 5 overseas regional offices– Received NBIA Award in 2000

(first award outside US)– Sold more than 2000 licences

worldwide– Clients : Boeing, Merrill

Lynch, Sealand, Hitachi & NTT

HK Science & Technology Parks :http://www.hkstp.org

Enquiry : 2784 2683

For further information