Hong Kong Science and Technology Parks Corporation (HKSTP) runs a three-year incubation programme for technology start-ups at Science Park. It offers up to HK$1,290,000: HK$840,000 in cash grants and HK$450,000 in rental subsidy. Overseas founders can apply once they have a Hong Kong company. Applications are open all year. Funding after the first year requires a SAFE that gives HKSTP a future equity stake.
Who can apply
Nationality
HKSTP sets no nationality rule. An overseas founder, including a Tunisian, must first register a company in Hong Kong and employ two full-time staff who can work there legally.
Company
A Hong Kong company limited by shares, incorporated no more than five years before applying, with founders holding at least 51 percent of the shares.
Technology
Electronics, information and communications technology, materials and precision engineering, or green technology, with an MVP or prototype.
Funding and what it does not cover
Up to HK$840,000 in cash grants and HK$450,000 in rental subsidy over three years. Support after the first year requires a SAFE giving HKSTP a future equity position.
Covered
Cash grants of up to HK$840,000 over three years
Rental subsidy of HK$12,500 a month, up to HK$450,000
