Hong Kong Science and Technology Parks Corporation (HKSTP)

1
Hong Kong Science and Technology Parks
Corporation(HKSTP)

• Technology-based Incubation Programme
• Incu-Tech
• 2002

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HKSTPCorporate

• A statutory body set up by HKSAR Government
• Hong Kong Science Park Applied RD
• Technology Centre Business Incubation
• Industrial Estates - Production / Services
  Facilities

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HKSTP Vision
To play a leading role for Hong Kong to become

• a major centre of innovation and technology
  development in the focused clusters, and
• a hub for high value-adding, skill-intensive
  manufacturing and service industry capacities.

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HKSTP Mission

• 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

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HKSTP Focusing Towards 4
Technological Clusters

• Electronics
• IT Telecommunications
• Biotechnology
• Precision Engineering

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HKSTP Incubation Programme to
offer full-service for technology
start-up companies in Hong Kong
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Incu-Tech Aim
To encourage and promote innovation based
entrepreneurial activities in order to

• Contribute to GDP growth and increase high
  value-added employment
• Reinforce Hong Kongs position as a product
  development centre
• Enhance Hong Kongs position as a window to the
  world.

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Incu-Tech Overview

• 3-year programme
• Not-for-profit incubator
• Full Service Not Space Only
• Business Development Technology Support
• Focus 4 technology clusters
• Account servicing throughout 3-year incubation
  period
• Milestones assessment
• Operated for 9 years
• Attracted 151 high tech start-ups
• 77 current incubatees, 74 graduated

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Incu-Tech Overview

• Strategic Location of Incu-Tech Centre
• 3 sites Tech Centre, Science Park, PolyU
• Thematic Building Complex
• Tech Centre for IT and Telecom
• Soon-be-set-up
• Innovation Centre (for IC design and testing)
• Photonics Centre for Photonics, precision
  engineering
• Biotech Centre for Biotechnology

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Incu-Tech Business Development Technology
Support (BDTS)

• From basic business operation support to
  strategic business advice.
• Designed for incubatees in following stages
• product concept
• prototyping
• market development
• continuous innovation development

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Business Development Technology Support (BDTS)

• Includes the following services and supports
• Technical Management Assistance
• Promotion Training Assistance
• Networking
• Business Matching Services
• Communal Service
• Aid Package
• Technology Support (IC Design/Support Centre,
  Photonics Centre)

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BDTS - Technical Management Assistance
Joined forces with 5 universities (CityU, CUHK,
PolyU, HKU HKUST) enabling incubatees to access
university resources, business and technical
advises.
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BDTS Technical Management Assistance

• Strategically located in 3 sites near
  universities with collaboration for easier access
  the Technical Management Service
• Tech Centre near CityU
• Innovation Centre at Science Park near CU
• Campus-based Centre inside PolyU

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BDTS - Technical Management Assistance

• Utilize University Resources
• Hire University student
• Short-term(e.g. summer) placement
• 1-year work-study programme
• Final year student projects
• Consultancy projects(technical) from Professors
• Access to library service

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BDTS - Technical Management Assistance

• Mentorship
• Already lined up 10 well experienced business
  executives and scholars as mentors, they are from
  
• Industry
• Graduated Incubatee
• Academia

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BDTS - Promotion and Training Assistance

• Training Courses/Seminars
• general courses and workshops to train up
  incubatees their staffs with business
  skill/technical knowledge
• customization of technical and management
  training programmes to suit the needs of
  incubatees in different stages of development

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BDTS Promotion Training Assistance

• Promotion Assistance
• upon completion of RD
• assist in
• product launch (has organised over 60 product
  launch in past years)
• exhibition e.g. Asian IT Expo, HK Electronic
  Fair, ITU Telecom Asia, Comdex.

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Promotion and Training
China Hi-Tech Fair
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BDTS - Promotion Training Assistance

• Networking Opportunities
• orientation, luncheon, seminars, cocktails with
  guest speakers
• held in own building enabling mingling among
  incubatees, industrial professional and business
  executives
• Admission to the social clubs of selected
  universities

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BDTS Business Matching Service

• Financial Matching with Technology Capital
• identify and approach angel, venture capitalists
  and corporate investors to facilitate clients
  capital fund raising
• shortlisted 3 investment consultants
• Polyman International Capital
• QLeap Accelerators
• Broad United Consultants

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BDTS Communal Service

• Legal Service
• lined up 3 legal firms to provide commercial
  contract / patent related legal service at a
  preferential rate
• Wilkinson Grist
• Squire, Sanders Dempsey
• WI. Cheung Co

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BDTS Communal Service

• Office Premises
• ready-to-use office space at reduced rental
• basic business operation services
• centralized reception area, meeting room
  facilities, office equipment pool, IP address,
  internet access and gymnasium facilities

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Office Premises (Tech Centre)
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BDTS Communal Service

• Group Discount
• Pool operational requirements of clients to
  achieve economy of scale
• Sourced support from software vendors to offer
  discount on development tools
• E.g. Microsoft, HK Enterprises.com, Hong Kong
  Trade Development Council

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BDTS - Aid Package (Overview)

• Financial subsidies for service/support
• Technical Management Assistance Fund HK 98K
• 75 subsidy in general
• Training Assistance Fund HK 18K
• 50 subsidy
• Promotion Assistance Fund HK 184K
• Subsidies on 6 exhibitions, 3 product launches,
  10 management training courses and 24 hours legal
  service throughout 3 years.
• Operation Reimbursement Fund HK 45K
• 50 subsidy
• Total HK 345,000 (USD 44K) for 3 years
  incubation period.

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BDTS Technology Support - Innovation
Centre

• 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 in early 2003

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Innovation Centre
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BDTS Technology Support - Photonic
Centre
Moving forward at the speed of light

• Dedicated to Photonics and Precision Engineering
• Located at the waterfront
• 143,000 sq. ft. floor space of lab/office

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Photonics Centre
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Overall cost of investment on each incubatee

• Aid Package and Office Premises HKD 750K
• IC Design/Support Service HKD 250K
• Total investment from HKSTP
• HKD 1 million
• Assuming each incubatee takes 800 s.f.g. office
  space

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General Conditions for Incubation Services

• Not entitled to Aid Package in the first 6th
  month
• Milestones Assessment
• Incubatees must be assessed by the 6th month
  18th month milestones
• If meet milestones assessment, Aid Package and
  reduced license fee are entitled

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Licence Fee
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Incu-Tech Account Servicing

• Ir. S.W. Cheung, Vice President of BDTS, to meet
  each incubatee every 6-month
• Each incubatee is assigned an Incubation Manager
  who acts as a bridge between clients and internal
  service support personnel
• Now, 4 Incubation Managers to account for
  business development of about 80 incubatees

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Incu-Tech 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 and is
  an engineer of the related discipline
• The company should have a dedicated and
  technically competence management team

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Incu-Tech Mandatory Admission Criteria
(Cont)

• Develop or commercialize technology in the
  innovation technology industry
• Conduct most of RD activities at the Incubation
  Centre.
• It cannot operate only a sales marketing office
  or retail outlet at the Incubation Centre

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Incu-Tech 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/RD content
• Milestones set for 6th month and 18th month after
  admission

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Incu-Tech Assessment Panel

• Assessment Panel Members
• Deputy CEO of HKSTP
• Vice President (BDTS Division) of HKSTP
• Senior Director (Marketing Admission) of HKSTP
• External Assessor (University Professor)
• will be notified in about 10 weeks upon received
  completed application form

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• You could be the next !

For further information

• HK Science Technology Parks
• http//www.hkstp.org
• Enquiry 2784 2669

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For Corporate www.hkstp.orgApplication Form
www.hkincubator.org
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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

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Incu-Tech License Fee (reduced rental for 3
years)

• Tech Centre for IT incubatees
• HK0/sfg for first 6 months
• HK0 /sfg for additional 6 months if meet first
  6th month milestones assessment
• otherwise market rate or move-out
• HK8/sfg from 13th month until graduate if meet
  18th month milestones assessment
• otherwise market rate or move-out
• In summary, if meet the 2 milestones assessment,
  then HK0,8, 8 /sfg throughout 3 years

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Incu-Tech License Fee (reduced rental for 3
years)

• Science Park for non-IT incubatees
• HK0/sfg for first 6 months
• HK0 /sfg for additional 6 months if meet first
  6th month milestones assessment
• otherwise market rate or move-out
• HK6.5/sfg until graduate if meet 18th month
  milestones assessment
• otherwise market rate or move-out
• In summary, if meet the 2 milestones assessment,
  then HK0,6.5, 6.5 /sfg throughout 3 years

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BDTS Structure
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BDTS- Aid Package

• Technical Management Assistance Fund (HK98K)
• for U-collaboration service , consultancy,
  mentorship, U-library services, U-student
  projects
• incubatee can reimburse 75 of service charge (
  but only 50 for Teaching Company Scheme)
• Training Assistance (HK18K)
• training courses provided by pre-approved
  training institutions
• incubatee can reimburse 50 of service charge

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BDTS - Aid Package

• Promotion Assistance Fund (HK184K)
• up to 3 product launches, 6 exhibitions, 10
  training courses, 24hours legal service
• incubatee can reimburse 75 of service charge
• Operation Reimbursement Fund (HK45K)
• other services provided by external vendors
  except salary and entertainment
• incubatee can reimburse 50 of service charge