Hong Kong, 18 March 2020 – Further to the recent announcement of the “Anti-epidemic Fund” by the HKSAR Government covering 6-month full rental waiver for Science Park, the Industrial Estates and InnoCentre, Hong Kong Science and Technology Parks Corporation (HKSTP) today rolled out incremental measures to alleviate the financial burden of our technology incubatees affected by the novel coronavirus outbreak.

This new round of additional financial subsidies will cover all incubatees under the three Incubation Programmes, namely Incu-App, Incu-Tech and Incu-Bio, between April to September 2020. Around 400 incubatees will benefit from the relief measures. The funding support is capped at a total amount of HK$75,000 for each company.

Albert Wong, CEO of HKSTP, said, “As the city’s leading incubation hub, HKSTP strives to support our incubatees in every possible way. We hope that the relief measures will enhance the financial flexibility and operational capabilities of our incubatees so that they can focus on their R&D work. HKSTP will brave through the coronavirus epidemic together with our startup community. We will continue to serve as the backbone for Hong Kong’s innovation and technology ecosystem and help our startups thrive.”

About Hong Kong Science and Technology Parks Corporation

Comprising Science Park, InnoCentre and Industrial Estates, Hong Kong Science & Technology Parks Corporation (HKSTP) is a statutory body dedicated to building a vibrant innovation and technology ecosystem to connect stakeholders, nurture technology talents, facilitate collaboration, and catalyse innovations to deliver social and economic benefits to Hong Kong and the region.

Established in May 2001, HKSTP has been driving the development of Hong Kong into a regional hub for innovation and growth in several focused clusters including Electronics, Information & Communications Technology, Green Technology, Biomedical Technology, Materials and Precision Engineering. We enable science and technology companies to nurture ideas, innovate and grow, supported by our R&D facilities, infrastructure, and market-led laboratories and technical centres with professional support services. We also offer value added services and comprehensive incubation programmes for technology startups to accelerate their growth.

Technology businesses benefit from our specialised services and infrastructure at Science Park for applied research and product development; enterprises can find creative design support at InnoCentre; while skill-intensive businesses are served by our three industrial estates at Tai Po, Tseung Kwan O and Yuen Long. More information about HKSTP is available at www.hkstp.org.

https://www.hkstp.org/en/about-us/press-room/hkstp-to-roll-out-financial-relief-measures-for-incubatees/