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HKSTPC's Aid Package and reduced rental, provided over a 3-year period (2-year for Design-based Incubation Programme; and 4-year for biotech companies at the Biotech Small Enterprise Centre), are conditional on incubatees meeting milestones which are stated in their business plans to be achievable by the end of the 6th month and 18th month (end of the 4th and 12th month for Design-based Incubation Programme) from the commencement of the incubation period, and which are approved by HKSTPC. The achievement of these milestones relates to incubatees development including:
- product development status,
- HKSTPC support services usage,
- sales and projected profit,
- number of staff employed.
Incubatees that do not achieve their milestones are not entitled to the Aid Package and reduced rental, and must move out of the Small Enterprise Centre.
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| General Conditions for Technology & Design Incubation Programme |
| For Technology-based Incubation Programme |
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Incubation Period
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Incubatee Benefits Entitlement
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Month 1-6
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- Rental-free for area within the rent-free office allocation guideline (up to 800 sfg maximum) and at month 13 rate for area above the rent-free office allocation guideline
- Business support & development services available, but the financial aid package to subsidize them NOT available yet.
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First Milestone Assessment at the end of Month 6
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Achieved Milestones
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Not Achieved Milestones
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Month 7-12
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Rental-free for area within the rent-free office allocation guideline (up to 800 sfg maximum) and at month 13 rate for area above the rent-free office allocation guideline
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Business support & development services and aid package are available
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Move out from the Small Enterprise Centre
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Business support & Development services and aid package are NOT available
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Month 13-18
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Pay reduced rental up to 1,600 sfg
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Business support & development services and aid package are available
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Move out from the Small Enterprise Centre
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Business support & Development services and aid package are NOT available
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Second Milestone Assessment at the end of Month 18
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Achieved Milestones
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Not Achieved Milestones
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Month 19-36 (Month 19-48 for those biotech companies entitled to incubation period of 4 years)
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Pay reduced rental up to 1,600 sfg
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Business support & development services and aid package are available
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Move out from the Small Enterprise Centre
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Business support & Development services and aid package are NOT available
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Note:
- Rental = license fee + management fee
- Rental, business support & development services and aid package are subject to change without prior notice.
- First and second milestones refer to the target business activities which are stated in the Business Plan and agreed by HKSTPC to be achievable by incubatees by the end of the first 6 and 18 months, respectively, from the commencement of the incubation period.
- Business Support & Development Services include technical & management assistance, training, marketing assistance, aid package and office premises.
- Reduced monthly rental (per square feet): HK$9.1 for regular office premises in Small Enterprise Centre; HK$12.0 for office with wet lab in Biotech Centre.
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| For Design-based Incubation Programme |
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Incubation Period
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Incubatee Benefits Entitlement
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Month 1-4
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- Pay the rental at HK$0 per sq. ft gross up to 800 sq.ft gross
- Business support & development services and aid package are NOT available
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First Milestone Assessment at the end of Month 4
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Achieved Milestones
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Not Achieved Milestones
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Month 5-12
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Pay the rental at HK$0 per sq. ft gross
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Business support & development services and aid package are available
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Move out from the Small Enterprise Centre
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Business support & Development services and aid package are NOT available
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Second Milestone Assessment at the end of Month 12
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Achieved Milestones
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Not Achieved Milestones
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Month 13-24
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Pay reduced rental
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Business support & development services and aid package are available
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Move out from the Small Enterprise Centre
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Business support & Development services and aid package are NOT available
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Note:
- Rental = license fee + management fee
- Rental, business support & development services and aid package are subject to change without prior notice.
- First and second milestones refer to the target business activities which are stated in the Business Plan and agreed by HKSTPC to be achievable by incubatees by the end of the first 4 and 12 months, respectively, from the commencement of the incubation period.
- Business Support & Development Services include technical & management assistance, training, marketing assistance, aid package and office premises.
- Reduced monthly rental (per sq. ft. gross): HK$8.65 for InnoCentre
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