Incu tech introduction without design

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Incu tech introduction without design

  1. 1. Technology Business Incubation Programme Ms. Kimmie Wong Assistant Manager Incubation Admission Hong Kong Science and Technology Parks Corporation 2 8 May 2011
  2. 2. Hong Kong Science and Technology Parks Corporation <ul><li>A statutory body set up by the Government </li></ul><ul><ul><li>Hong Kong Science Park; </li></ul></ul><ul><ul><li>InnoCentre; </li></ul></ul><ul><ul><li>Industrial Estates. </li></ul></ul>
  3. 3. Hong Kong Science and Technology Parks Corporation <ul><li>Vision </li></ul><ul><li>Transforming innovation and technological advancement into value creation that benefits Hong Kong, Mainland – and the world. </li></ul><ul><li>Mission </li></ul><ul><li>In propelling Hong Kong towards a world-class hub for selected technologies, we provide facilities, services and a dynamic environment that enable companies to nurture ideas, innovate and develop . </li></ul>
  4. 4. Hong Kong Science Park <ul><li>Hub for technology Industries </li></ul><ul><li>Located at Shatin, Science Park Phase I & II provide 2,000,000 square feet gross Class A office areas and state-of-the-art technology support facilities for more than 300 technology companies in the Park. </li></ul>
  5. 5. The Objective of Incubation Programme <ul><li>To foster the growth of qualified technology 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. </li></ul>
  6. 6. Overview ≤ 4 years ≤ 3 years Incubation Period Pharmaceutical Chinese Medicine Diagnostic IT & Telecom Precision Eng Electronics Green Tech Clusters
  7. 7. Overview Wet Lab Setting Premises Office Premises HKD 851K HKD 639K Financial Aid Package Technical Support Facilities Technical and Management Assistance Management and Technical Training Promotion and Development Assistance Support
  8. 8. <ul><li>Office Premises </li></ul><ul><li>Technical & Management Assistance </li></ul><ul><li>Management & Technical Training </li></ul><ul><li>Promotion & Development Assistance </li></ul><ul><li>Technical Facilities and Support </li></ul><ul><li>Aid Package </li></ul>All Rounded Services
  9. 9. <ul><li>Incubatees are allocated with office space in Small Enterprise Centres in Science Park </li></ul><ul><li>Free Rental and Reduced Rental </li></ul><ul><li>Communal facilities </li></ul><ul><ul><li>Reception Area </li></ul></ul><ul><ul><li>Meeting Room </li></ul></ul><ul><ul><li>Pantry </li></ul></ul><ul><ul><li>Office Equipment </li></ul></ul>Office Premises
  10. 10. Monthly Licence Fee <ul><li>Rent Free for the first 800 sq ft gross in the first year </li></ul><ul><li>Management Fee and Electricity Fee inclusive in all rates above </li></ul>HK$12.80 (per sq. ft.) HK$12.80 (per sq. ft.) HK$12.80 (per sq. ft.) 0 Licence Fee for wet lab (per month) N/A HK$9.70 (per sq. ft.) HK$9.70 (per sq. ft.) 0 Licence Fee for office (per month) Year 4 Year 3 Year 2 Year 1
  11. 11. Office Premises Reception Area
  12. 12. Office Premises Office of current incubatee
  13. 13. Office Premises Meeting Room
  14. 14. Office Premises Furnished Office
  15. 15. Office Premises Pantry & Networking Area
  16. 16. Wet Lab Premises Biotech SME Centre
  17. 17. Wet Lab Premises Biotech SME Unit
  18. 18. Wet Lab Premises Culture Room
  19. 19. Wet Lab Premises Shared Equipment Lab
  20. 20. Technical & Management Assistance <ul><li>Access to university resources </li></ul><ul><ul><li>University student programmes </li></ul></ul><ul><ul><li>Consultancy projects from professors </li></ul></ul><ul><ul><li>Licensing purchase </li></ul></ul><ul><ul><li>Subsidized library service </li></ul></ul>
  21. 21. Technical & Management Assistance <ul><li>Mentorship Programme </li></ul><ul><li>Invite experienced business executives </li></ul><ul><li>and scholars as mentors; from: </li></ul><ul><ul><ul><li>Industry </li></ul></ul></ul><ul><ul><ul><li>Graduated Incubatees </li></ul></ul></ul><ul><ul><ul><li>Academia </li></ul></ul></ul>
  22. 22. Management & Technical Training <ul><li>Training Courses/Seminar </li></ul><ul><ul><li>Business skill, technical knowledge </li></ul></ul><ul><ul><li>Custom made for incubatees in different           stages of development   </li></ul></ul>
  23. 23. Promotion & Development Assistance <ul><li>Assist in organization and the logistics </li></ul><ul><ul><li>Product Launch </li></ul></ul><ul><ul><li>Press Conference </li></ul></ul><ul><ul><li>Press Interview </li></ul></ul><ul><ul><li>Exhibition (Overseas & Local) </li></ul></ul><ul><ul><li>First @ Science Park </li></ul></ul>
  24. 24. Promotion & Development Assistance <ul><ul><li>Networking Events </li></ul></ul><ul><ul><ul><li>Seminars, Cocktails </li></ul></ul></ul><ul><ul><ul><li>Building relationship with industrial & academic professionals, and other incubatees </li></ul></ul></ul>
  25. 25. Promotion & Development Assistance <ul><li>Legal Services </li></ul><ul><ul><li>More than 10 panel legal firm </li></ul></ul><ul><ul><li>1 hour complimentary consultancy service </li></ul></ul><ul><ul><li>Incubatee-only preferential rate </li></ul></ul><ul><ul><li>Free chat on specific topics </li></ul></ul>
  26. 26. Business Matching Services <ul><li>Hong Kong Business Angel Network </li></ul><ul><li>Business Consultation Service from seasoned professionals with start-up, operation and venture capital background </li></ul>
  27. 27. Technical Facilities and Support <ul><li>Biotech Centre I & II </li></ul><ul><li>P hotonics Centre </li></ul><ul><li>Wireless Centre </li></ul><ul><li>IC Development Centre </li></ul><ul><li>Solar Energy Technology Support Centre </li></ul>
  28. 28. Aid Package Subsidy for Incubatees 194K 146K <ul><li>Technical & Mgmt Assistance Fund </li></ul>245K 184K <ul><li>Promotion & Development Assistance Fund </li></ul>60K 45K <ul><li>Operation Reimbursement Fund </li></ul>639K 264K (HK$) 3 years 4 years I. Programme Duration Sub-Total : <ul><li>Technology Support Reimbursement Fund </li></ul>II. Aid package subsidy: 851K 352K (HK$)
  29. 29. Admission Criteri a <ul><li>Mandatory </li></ul><ul><li>A start up company registered in HK for ≤ 2 years </li></ul><ul><li>At least 2 full time staff </li></ul><ul><li>One full time staff is a technologist owning at least 10% of company ; or the w hole full time technical group owns at least 20% of company </li></ul><ul><li>Applicant should not have seed funding from any company that owns 20% of more equity, or investment from 2 or more companies </li></ul>
  30. 30. Admission Criteri a <ul><li>Mandatory </li></ul><ul><li>At least 50% of staff must be engaged in technology related work throughout the entire incubation period </li></ul><ul><li>Request office size less than 1600 sq ft </li></ul><ul><li>Conduct core R & D in Science Park </li></ul>
  31. 31. Admission Criteria (Qualitative) - Quality and competency of the management team - Business Viability - Innovativeness - Technology / R & D content - Milestones set for every 6 months after admission
  32. 32. Milestone Assessment <ul><li>Remarks: </li></ul><ul><li>Entitlement of the aid package is subject to the incubation assessment result every 6 months. </li></ul>Product Development HKSTPC Support Usage Increase in headcount Profit Etc. Month 6 (4) 12 (8) 18 (12) 24 (16) 30 (20)
  33. 33. Application Procedure <ul><li>If you have an innovative idea, technology background, capital and a registered company in HK, you can… </li></ul><ul><ul><li>1. Download the application form from the website, www.hkstp.org /incubation </li></ul></ul><ul><ul><li>2. Write a business plan* </li></ul></ul><ul><ul><li>3. Send the application to us </li></ul></ul><ul><li>… and you will get results of the admission in about 2 – 3 months; and run your business in Hong Kong Science Park if admitted! </li></ul>
  34. 34. Business Plan <ul><li>Products/ Services </li></ul><ul><li>R & D Contents </li></ul><ul><li>Sales & Marketing Plan </li></ul><ul><li>Finance </li></ul><ul><li>Management Team </li></ul><ul><li>Incu-Tech Added Value </li></ul><ul><li>Milestone Summary </li></ul>
  35. 35. Admission Panel (Incu-Tech & Incu-Bio) <ul><li>1. Vice President, Finance & Corp Service, HKSTPC </li></ul><ul><li>2. Vice President, Business Development and Technology Support, HKSTPC </li></ul><ul><li>3. Vice President, Marketing & Admission, HKSTPC </li></ul><ul><li>4. One of the 24 Technology Advisory Panel Members </li></ul><ul><li>(Local University Professors) </li></ul><ul><li>5. Representative from Hong Kong Venture Capital and Private Equity Association Limited </li></ul>
  36. 36. Oversea Applicants <ul><li>Our support to overseas applicants </li></ul><ul><ul><li>7 overseas HKSTPC representatives stationed worldwide </li></ul></ul><ul><ul><li>On site short term accommodation available </li></ul></ul><ul><ul><li>Assistance in local staff recruitment </li></ul></ul><ul><ul><li>Connection with government bureaus </li></ul></ul><ul><ul><li>And more… </li></ul></ul>National Business Incubation Association of USA awarded Incu-Tech Programme as the NBIA Soft Landings International Incubator 2009-2011
  37. 37. No. of Incubatees and their tech focus distribution from 03/04 to 09/10 ( as of 31 Dec 2010)
  38. 38. Summary Benefit and Service To nurture technology entrepreneurs by providing comprehensive supporting services & facilities Office Premises, Technical & Management Assistance & Training; Promotion & Development Assistance; Aid Package; Technical Facilities & Support 2 – 4 years with milestone assessment Submitted with application form and business plan; around 11 weeks processing time Duration Application Aim
  39. 39. Feel Free to Contact Us! Incubation Programme, Admission team, HKSTPC Tel: (852) 2629 6707 Mail: enquiry.incubation@hkstp.org Website: www.hkstp.org/incubation

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