Hong Kong Science and Technology Parks Corporation (HKSTP) Technology-based Incubation Programme
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Hong Kong Science and Technology Parks Corporation (HKSTP)
Technology-based Incubation Programme Incu-Tech
BDTS(Incubatee Recruitment)
2002
Hong Kong Science and Technology Parks Corporation
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HKSTP:Corporate
A statutory body set up by HKSAR Government
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Hong Kong Science Park – Applied R&D 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 Kong’s position as a product development centre; Enhance Hong Kong’s 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) BDTS(Incubatee Hong Kong Science and Technology Parks Corporation Recruitment)
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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 R&D
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 75% subsidy in general Training Assistance Fund 50% subsidy HK$ 98K HK$ 18K 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 50% subsidy HK$ 45K
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:
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Design library , Wafer shuttle , Specialized IC CAD tool
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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 +
IC Design/Support Service HKD 750K 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
1-6 month $ 0
Rent per sfg (pass all ) milestones Rent per sfg (pass 1 st & fail 2 nd )
$ 0
Rent per sfg (fail 1 st milestone)
BDTS(Incubatee Recruitment) $ 0 7-12 month $ 0 13-18 month $6.5/$ 8 Hong Kong Science and Technology Parks Corporation 19-36 month $ 6.5/$ 8 $ 0 $6.5/$ 8 Market Rate or move out Market Rate or Move out
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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 (Con’t)
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
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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/R&D 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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For further information
HK Science & Technology Parks :
http://www.hkstp.org
Corporation
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For Corporate: www.hkstp.org
Application 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
HK$0/sfg for first 6 months
HK$0 /sfg for additional 6 months if meet first 6th month milestones assessment ;
otherwise market rate or move-out
HK$8/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 HK$0,$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
HK$0/sfg for first 6 months
HK$0 /sfg for additional 6 months if meet first 6th month milestones assessment ;
otherwise market rate or move-out
HK$6.5/sfg until graduate if meet 18th month milestones assessment;
otherwise market rate or move-out
In summary, if meet the 2 milestones assessment, then HK$0,$6.5, $6.5 /sfg throughout 3 years
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BDTS : Structure
Functional Team of Business Development & Technology Support Division (BDTS) Ir. S.W. Cheung Vice President Business Development &Technology Support Incubatee Recruitment Incubation Logistics Technical & Management Assistance Business Matching Promotion & Training BDTS(Incubatee Recruitment) Hong Kong Science and Technology Parks Corporation
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BDTS- Aid Package
Technical & Management Assistance Fund (HK$98K)
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 (HK$18K)
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 (HK$184K)
up to 3 product launches, 6 exhibitions, 10 training courses, 24hours legal service
incubatee can reimburse 75% of service charge
Operation Reimbursement Fund (HK$45K)
other services provided by external vendors except salary and entertainment
incubatee can reimburse 50% of service charge
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