Current rulesActive

HKSTP Incubation Programme

A three-year on-site technology incubation programme for Hong Kong startups with a market-validated MVP or prototype. Version 13 divides the revamped track into IncuHatch and IncuBoost.

The company must be no more than five years old; founder shareholders must retain at least 51% direct legal and beneficial ownership; and at least two full-time staff plus the core R&D on-site ratio must be maintained.

Official websiteLast verified: 2026-09-03

Official facts

Current rules

Provider
Hong Kong Science and Technology Parks Corporation
Application status
Active
Duration
3 years
Target stage
MVP / Pre-seed / Seed
Published support
Up to HK$1.29 million: up to HK$840,000 financial subsidy plus up to HK$450,000 rental subsidy; revamped Stage 2 is conditional on passing D-Day and signing a SAFE
Company requirement
Hong Kong technology startup incorporated no more than 5 years before application
Team requirement
At least 2 full-time staff throughout; at least 50% of full-time staff and no fewer than 2 staff must be based at the approved space and conduct core R&D
Equity / SAFE
No equity in Stage 1; revamped Stage 2 requires a passed D-Day and a SAFE
Application model
Rolling

Editorial interpretation of published eligibility

Who it is for

Check the mandatory rules first, then assess stage fit. Fit guidance is our interpretation of the published criteria, not an HKSTP promise of admission.

Stronger fit

  • Technology startups with a market-validated MVP or prototype and a defined R&D roadmap.
  • Teams able to maintain at least two full-time staff and conduct core R&D at approved premises.
  • Companies prepared for a three-year milestone, audit and funding-disclosure framework.

Usually a weak fit

  • Idea-only teams without a market-validated MVP.
  • Companies unable to maintain founder ownership or minimum full-time staffing requirements.
  • Applicants unwilling to accept revamped Stage 2 D-Day and SAFE conditions or seeking unconditional cash.

How to apply

  1. 1

    Submit company, team, product, market and R&D information online.

  2. 2

    HKSTP checks the Mandatory Admission Criteria and conducts preliminary interview or due diligence.

  3. 3

    Eligible applicants proceed to an assessment panel that may include a presentation and questions.

  4. 4

    Successful companies complete programme, premises and admission documentation.

  5. 5

    Milestone, reporting and audit cycles begin at the approved premises.

Application documents

  • Incorporation, business-registration and ownership or beneficial-ownership evidence.
  • Team, full-time employment and core R&D staffing information.
  • Product, MVP or prototype, market validation, R&D plan and intellectual-property information.
  • Business-plan, financial and other-funding disclosures.
  • Assessment presentation and due-diligence supplements; HKSTP does not sign an NDA.

Admission and continuing eligibility

  • Hong Kong company limited by shares, no more than five years old at application.
  • Founder shareholders collectively retain at least 51% direct legal and beneficial ownership throughout.
  • At least two full-time staff throughout.
  • At least 50% of full-time staff and no fewer than two people conduct core R&D at the approved premises.
  • No simultaneous participation in the HKSTP, Cyberport or HSITP incubation programmes named by Version 13.

Financial and non-cash support

  • Up to HK$840,000 financial subsidy plus up to HK$450,000 rental subsidy.
  • Revamped annual financial ceilings: HK$140,000 in year 1, HK$420,000 in year 2 and HK$280,000 in year 3.
  • Rental subsidy is generally up to HK$12,500 monthly for up to 36 months; programme space is normally capped at 1,600 square feet and remains subject to availability and HKSTP approval.
  • No double-dipping Hong Kong public funding for the same R&D project without case-by-case written HKSTP approval.
  • Public Version 13 does not disclose the SAFE valuation cap, discount, conversion triggers or standard template.

Milestones and reviews

  • At least six milestone meetings over three years, first around month 3 and generally every six months thereafter.
  • Each satisfactory milestone corresponds to up to HK$140,000 financial subsidy.
  • The revamped D-Day occurs in months 10–12; passing and signing a SAFE are required for IncuBoost.
  • A Performance Improvement Plan may last up to six months, but a D-Day retry remains within the first twelve programme months.
  • Annual audited financial statements are generally due within 90 days after year-end.

Current rules

After admission

  1. 01

    Year 1 is IncuHatch, with team, R&D and milestones maintained at approved premises.

  2. 02

    Only a passed D-Day and executed SAFE lead to months 13–36 in IncuBoost.

  3. 03

    Failure or declining the SAFE leads to graduation from IncuHatch without Stage 2.

  4. 04

    Continue disclosing other funds and retain accounting, employment, R&D and premises records.

  5. 05

    Programme completion does not automatically provide investment, a visa, renewal or another award.

Official facts

Official resource library

We provide document metadata, section-level explanations and official links. We do not rehost or reproduce full official documents.

This page provides a plain-language interpretation of official materials. The official source remains authoritative.

Application guideCurrent

HKSTP Incubation Programme Mandatory Admission Criteria

A two-page official criteria extract for checking company age, ownership, staffing, core R&D and on-site requirements before applying.

Key points
  • Hong Kong company limited by shares, incorporated no more than five years earlier.
  • Founder shareholders collectively hold at least 51%.
  • At least two full-time staff.
  • At least 50% of full-time staff and no fewer than two people work at the approved space on core R&D.
Original language
English
Version
Extracted from Programme Guide Version 13
Published
Not publicly specified
Last verified
2026-09-03
Section references
Mandatory Admission Criteria; pages 1-2
Research-copy SHA-256
64534903a87c932b8b16fe84cbf859a68fe780c6cd9c60654be01625e5871d2d
View official document
Official webpageCurrent

HKSTP Incubation Programme official programme source

The official programme page establishes the current purpose, support ceiling, MVP or prototype expectation, application flow and year-round intake.

Key points
  • Three-year, on-site technology incubation programme.
  • Targets startups with a market-validated MVP or prototype.
  • Offers up to HK$1.29 million in support.
  • Applications are open year-round and proceed through online submission, MAC and due diligence, then an assessment panel.
Original language
English
Version
Current programme webpage
Published
Not publicly specified
Last verified
2026-09-03
View official document
Programme guideCurrent

HKSTP Incubation Programme Guide

Current Guide Version 13 distinguishes legacy and revamped tracks and expressly sets out IncuHatch, D-Day, IncuBoost, the SAFE condition, funding split, milestones and audit obligations.

Key points
  • The applicant must be a Hong Kong technology startup incorporated no more than five years earlier; founder shareholders must collectively retain at least 51% direct legal and beneficial ownership.
  • At least two full-time staff are required; at least 50% of full-time staff and no fewer than two people must work at the approved space on core R&D.
  • The revamped track starts with one year of IncuHatch; D-Day occurs in months 10 to 12, and entry into the two-year IncuBoost stage requires passing it and signing a SAFE.
  • The HK$1.29 million ceiling comprises up to HK$840,000 financial subsidy and HK$450,000 rental subsidy.
  • There are at least six milestone meetings over three years, beginning in month three and generally every six months thereafter.
  • Public funding may not be double-dipped for the same R&D project without case-by-case written HKSTP approval, and other project funding must be declared.
  • Audited annual financial statements are generally due within 90 days after year-end; HKSTP may require an independent audit.
Original language
English
Version
Version 13
Published
2026-03-26
Last verified
2026-09-03
Section references
Sections 1-19 and Annexes 1-2; pages 4-26
Research-copy SHA-256
13e656cb6f1c96d805cd43f867049d3e36cbab30bc8a665fd28fbf42d011d807
View official document
PolicyHistorical

Legislative Council reply: Science Park incubation in 2003

The government reply verifies HKSTP incubation activity in 2003, but that predecessor activity is not the current named programme launched in 2021.

Key points
  • The reply records 77 technology startups participating in incubation.
  • Eight further companies had been approved for Science Park admission as incubatees.
Original language
English
Version
Not publicly specified
Published
2003-03-05
Last verified
2026-09-03
Section references
Reply paragraphs (a) and (e)
View official document
Official announcementHistorical

HKSTP 2017 incubation graduation announcement

HKSTP records 68 incubation graduates in 2017 and their then-current sector mix and outcomes. Historical arrangements are not Version 13 rules.

Key points
  • Sixty-eight companies completed incubation in 2017.
  • HKSTP reported 39 awards, 70 filed or registered patents and HK$45.42 million raised by that cohort.
Original language
English
Version
Not publicly specified
Published
2017-04-24
Last verified
2026-09-03
Section references
Incubatees chalk up remarkable achievements
View official document
PolicyHistorical

Legislative Council reply: current Incubation Programme launch and statistics

The Hong Kong Government states that HKSTP launched the current named Incubation Programme in July 2021 and provides cumulative applications and approvals to March 2023.

Key points
  • The Incubation Programme and Incu-Bio Programme launched in July 2021.
  • By March 2023, they had received 465 and 48 applications and approved 332 and 28 respectively.
Original language
English
Version
Not publicly specified
Published
2023-05-17
Last verified
2026-09-03
Section references
Reply (1)
View official document

Why we believe this project participated

Publicly documented admitted projects

A project is shown by default only when an HKSTP, Hong Kong Government, university or project-owned primary source expressly supports its programme relationship.

This database includes programme participation records that we can verify through HKSTP, Hong Kong Government, project-owned or other primary public sources. HKSTP may not publish every historical participant, so this should not be treated as a complete official roster.

Verified records
12
Dated coverage
2017–2024
Completeness
Partial
2024Current status unknown

DAINVI Limited

A deep-tech company applying AI-powered general visual inspection to high-mix, low-volume industrial quality control.

AIManufacturingSoftware
HKSTP official
View project profile
2023Current status unknown

Coalot Tech Limited

A clean-energy materials startup developing transparent self-cleaning nanocoatings for photovoltaic panels.

GreenTechClimateTechMaterials
University official
View project profile
2023Current status unknown

PealthMed Limited

A medical-device startup developing a stretchable, medical-grade multi-lead ECG patch with machine-learning analysis.

MedTechHealthTechHardware
University official
View project profile
Year not publishedCurrent status unknown

ArtInSight

An art-learning platform combining vision-language and generative AI for appreciation, creation feedback and teaching support.

EducationAICreator Economy
HKSTP official
View project profile
Year not publishedGraduated

Eats365

An integrated restaurant platform covering POS, online ordering and merchant-branded ordering sites.

SoftwareFoodTech
HKSTP official
View project profile
Year not publishedCurrent status unknown

ESSAA Limited / Creato

An interactive crowdfunding platform for creators and fan communities using data and AI recommendations to support content planning.

Creator EconomyMediaSoftware
University official
View project profile
Year not publishedPublic source indicates active

PipeScan AI Limited

A deep-tech infrastructure inspection platform combining autonomous robotics, smart sensing and AI defect detection.

RoboticsAIHardware
HKSTP official
View project profile
Year not publishedCurrent status unknown

Super Bamboo Limited

A materials venture transforming bamboo microstructure into a glue-free, lower-carbon, high-strength engineered material.

MaterialsGreenTechManufacturing
University official
View project profile
Year not publishedPublic source indicates active

TURNED-E! Education Limited

An education-technology company providing STEAM content, programming tools, learning kits and FPGA curricula.

EducationSoftwareHardware
HKSTP official
View project profile

Programme history

The main dossier uses current rules. Former names, older arrangements and version changes stay here and are not carried forward automatically.

Early official record

A Hong Kong Government Legislative Council reply records Science Park incubation activity by 2003. It does not establish the exact launch date of the current programme form.

Evidence sources

Earlier milestone and reimbursement arrangements

An HKSTP graduation announcement reflects then-current milestones and expense arrangements. They are historical, not Version 13 rules.

Evidence sources

Current named programme launched

A 2023 Hong Kong Government Legislative Council reply states that HKSTP launched the Incubation Programme and Incu-Bio Programme in July 2021; earlier incubation activity belongs to predecessor arrangements.

Evidence sources

Programme Guide Version 13

The current guide documents the legacy/revamped transition, IncuHatch, D-Day, IncuBoost and conditional SAFE.

Evidence sources

Ideation vs Incubation

These are not automatic progression stages. Incubation requires a separate application under its then-current rules.

IdeationIncubation
StageIdea, pre-MVP and early MVP validationMarket-validated MVP or prototype
CompanyIndividuals or teams may apply; company applicants must be under two years oldHong Kong technology startup no more than five years old
Duration1 year3 years
Support ceilingUp to HK$100,000 across three milestone tranchesUp to HK$1.29 million in financial and rental subsidy
TeamNo published minimum full-time headcountAt least 2 full-time staff throughout
Core R&DR&D is assessed; no published on-site staff ratioAt least 50% of full-time staff and no fewer than 2 on-site core R&D staff
Equity / SAFEHKSTP takes no equityRevamped IncuBoost requires a passed D-Day and a SAFE
ApplicationsCohort based, normally January / May / SeptemberRolling year-round

Illustrative ecosystem pathway

  1. Idea
  2. Ideation
  3. MVP and market validation
  4. Separate Incubation application
  5. Growth and finance

This helps explain the ecosystem. It is not automatic progression, admission or entitlement to later support.