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Frederick WS Yung, Senior Manager

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Key services that assist overseas start-ups in the Hong Kong Science Park Incubator Asia s first Soft Landing International Incubator of the NBIA – PowerPoint PPT presentation

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Title: Frederick WS Yung, Senior Manager


1
Key services that assist overseas start-ups in
the Hong Kong Science Park Incubator Asias
first Soft Landing International Incubator of the
NBIA
  • Presented by
  • Frederick WS Yung, Senior Manager
  • Business Development and
  • Technology Support
  • Hong Kong Science and Technology
  • Parks Corporation
  • Aug 2011

2
Agenda
  • Hong Kong Science and Technology Parks
    Corporation Incubation Programme
  • Soft Landings International Incubator accredited
    by NBIA
  • Incubatees with overseas origin
  • Tailored services for overseas incubatees
  • Standard services

3
Hong Kong Science and Technology Parks Corporation
  • HKSTPC is a statutory body set up by the
    Government
  • Incubation Programme
  • To foster the growth of qualified technology and
    design based start-ups in our supported clusters,
    by providing a set of value-added services and
    financial support to nurture their development in
    areas of product/services, marketing and
    organization.

4
Soft Landings International Incubator accredited
by NBIA
  • Since July 2007 (7th worldwide, 1st in Asia)
  • Renewed status up to July 2013
  • Help overseas start-ups land softly in Hong
    Kong via our incubator to localize and expand
    into China
  • Make internationalization a simpler process

5
Incubatees with overseas origin
Current Incubatees Graduated Incubatees
USA 4 (electronics, ITT, biotech) 9 (electronics, ITT, IC design)
Canada 2 (ITT, jewelry design) 1 (IC design)
S. Korea 2 (electronics, precision engineering) -
China 1 (green tech) -
UK 1 (electronics) 1 (precision engineering)
Spain 1 (greentech) -
Sweden 1 (product design) -
Japan - 1 (biotech)
Total 12 12
6
Why come to Hong Kong?
  • Gateway to vast China market
  • Take advantage of One-Country-Two-Systems
  • - simple tax system (max 16 corp. profit tax)
  • - common law system
  • -within one-hour access to Pearl River Delta
    where key suppliers are based
  • Financial centre for IPO
  • Test market for China companies before massive
    internationalization

7
Tailored services for overseas incubatees
  • Party-line to Immigration Department on working
    visa application
  • Visa application consultants to help in working
    visa application
  • Accountants/ lawyers/ government website to help
    in company registration
  • Introduction to start-up social clubs with
    membership biased towards westerners or Mainland
    Chinese
  • Welcome Pack
  • 3rd party/ office insurance agencies
  • Utilities companies
  • Modular furniture suppliers
  • International school information
  • Residential accommodation information/ agencies

8
Other standard services overseas incubatees found
particularly useful
  • Talent pool website for staff recruitment
  • Product launch press conference and press
    interview service
  • Networking cocktail/ dinners with local trade/
    professional association

9
  • Bi-monthly angel investment pitching opportunity
    to the Hong Kong Business Angel Network
  • Briefing on local government funding support

10
  • Fitted out office 1/3 of standard rate
  • Free access to office equipment and meeting room
    pool
  • Local university students short/ long term
    internship
  • University consultancy project liaison

11
  • Mentorship programme
  • 13 management courses for start-ups
  • Exhibition service to local and overseas
    exhibitions
  • First_at_Science Park reference site service

12
  • Panel of 16 legal firms at preferential rate and
    1-hour free consultancy
  • Business consultancy service from a outsourced
    team lead by a professional VC
  • 10 laboratories and test centres in IC design,
    wireless communication, materials analysis, solid
    state lighting, solar energy and bio-tech

13
Aid Package for Incubatees
  • US63K for 2-year Incu-Design
  • US125K for 3-year Incu-Tech
  • US177K for 4-year Incu-Bio

14
  • THANK YOU
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