HKSTP Incubation Programme

Financial and operating support

Maximum 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

Payment model

Not reimbursement-based

Stackability

Other support may be possible, but the same R&D project requires case-by-case written approval where another Hong Kong public funding source is involved.

Double funding and cash flow

Guide v13 prohibits double-dipping public funding for the same R&D project unless HKSTP gives written case-by-case approval; all other funding for the project must be declared.

Eligibility

Published requirements

• technology startup
• Founder shareholders must collectively hold at least 51% directly, legally and beneficially at application and throughout participation
• Hong Kong technology startup incorporated no more than 5 years before application
• 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