Frederick WS Yung, Senior Manager

1
Key services that assist overseas start-ups in
the Hong Kong Science Park Incubator Asias
first Soft Landing International Incubator of the
NBIA

• Presented by
• Frederick WS Yung, Senior Manager
• Business Development and
• Technology Support
• Hong Kong Science and Technology
• Parks Corporation
• Aug 2011

2
Agenda

• Hong Kong Science and Technology Parks
  Corporation Incubation Programme
• Soft Landings International Incubator accredited
  by NBIA
• Incubatees with overseas origin
• Tailored services for overseas incubatees
• Standard services

3
Hong Kong Science and Technology Parks Corporation

• HKSTPC is a statutory body set up by the
  Government
• Incubation Programme
• To foster the growth of qualified technology and
  design 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.

4
Soft Landings International Incubator accredited
by NBIA

• Since July 2007 (7th worldwide, 1st in Asia)
• Renewed status up to July 2013
• Help overseas start-ups land softly in Hong
  Kong via our incubator to localize and expand
  into China
• Make internationalization a simpler process

5
Incubatees with overseas origin
Current Incubatees Graduated Incubatees
USA 4 (electronics, ITT, biotech) 9 (electronics, ITT, IC design)
Canada 2 (ITT, jewelry design) 1 (IC design)
S. Korea 2 (electronics, precision engineering) -
China 1 (green tech) -
UK 1 (electronics) 1 (precision engineering)
Spain 1 (greentech) -
Sweden 1 (product design) -
Japan - 1 (biotech)
Total 12 12
6
Why come to Hong Kong?

• Gateway to vast China market
• Take advantage of One-Country-Two-Systems
• - simple tax system (max 16 corp. profit tax)
• - common law system
• -within one-hour access to Pearl River Delta
  where key suppliers are based
• Financial centre for IPO
• Test market for China companies before massive
  internationalization

7
Tailored services for overseas incubatees

• Party-line to Immigration Department on working
  visa application
• Visa application consultants to help in working
  visa application
• Accountants/ lawyers/ government website to help
  in company registration
• Introduction to start-up social clubs with
  membership biased towards westerners or Mainland
  Chinese
• Welcome Pack
• 3rd party/ office insurance agencies
• Utilities companies
• Modular furniture suppliers
• International school information
• Residential accommodation information/ agencies

8
Other standard services overseas incubatees found
particularly useful

• Talent pool website for staff recruitment
• Product launch press conference and press
  interview service
• Networking cocktail/ dinners with local trade/
  professional association

9

• Bi-monthly angel investment pitching opportunity
  to the Hong Kong Business Angel Network
• Briefing on local government funding support

10

• Fitted out office 1/3 of standard rate
• Free access to office equipment and meeting room
  pool
• Local university students short/ long term
  internship
• University consultancy project liaison

11

• Mentorship programme
• 13 management courses for start-ups
• Exhibition service to local and overseas
  exhibitions
• First_at_Science Park reference site service

12

• Panel of 16 legal firms at preferential rate and
  1-hour free consultancy
• Business consultancy service from a outsourced
  team lead by a professional VC
• 10 laboratories and test centres in IC design,
  wireless communication, materials analysis, solid
  state lighting, solar energy and bio-tech

13
Aid Package for Incubatees

• US63K for 2-year Incu-Design
• US125K for 3-year Incu-Tech
• US177K for 4-year Incu-Bio

14

• THANK YOU