Hong Kong, 21 February 2020 - The HKSAR Government has recently announced the setting up of the “Anti-epidemic Fund” (the Fund) to enhance Hong Kong’s capability in combating the novel coronavirus epidemic, and provide relief to enterprises and members of the public affected by the current epidemic outbreak.
For the innovation and technology (I&T) sector, the Finance Committee of the Legislative Council has approved the funding for a 6-month full rental waiver for existing tenants and start-ups in Science Park, InnoCentre and the Industrial Estates. The rental waiver will be effective from 1 April 2020 to 30 September 2020, covering incubatees, partner companies, professional services companies and merchant outlets with valid leases.
The I&T sector is facing immense challenges under the current situation. Hong Kong Science and Technology Parks Corporation (HKSTP) has been stepping up the efforts to support the partner companies and the I&T community at large. HKSTP has granted a 6-month half rental concession to tenants starting from last October while freezing the headline rents, management fees and service charges for 2020.
Albert Wong, CEO of HKSTP, said, “We hope the relief measures will alleviate the operational pressures of our tenants and start-ups, and help retain our R&D talent and capabilities in the ecosystem. Let’s brave through the challenges together and keep up with the progress of the I&T sector by capitalizing on the core advantages of Hong Kong.”
About Hong Kong Science and Technology Parks Corporation
Comprising Science Park, InnoCentre and Industrial Estates, Hong Kong Science & Technology Parks Corporation (HKSTP) is a statutory body dedicated to building a vibrant innovation and technology ecosystem to connect stakeholders, nurture technology talents, facilitate collaboration, and catalyse innovations to deliver social and economic benefits to Hong Kong and the region.
Established in May 2001, HKSTP has been driving the development of Hong Kong into a regional hub for innovation and growth in several focused clusters including Electronics, Information & Communications Technology, Green Technology, Biomedical Technology, Materials and Precision Engineering. We enable science and technology companies to nurture ideas, innovate and grow, supported by our R&D facilities, infrastructure, and market-led laboratories and technical centres with professional support services. We also offer value added services and comprehensive incubation programmes for technology start-ups to accelerate their growth.
Technology businesses benefit from our specialised services and infrastructure at Science Park for applied research and product development; enterprises can find creative design support at InnoCentre; while skill-intensive businesses are served by our three industrial estates at Tai Po, Tseung Kwan O and Yuen Long. More information about HKSTP is available at www.hkstp.org.
Hong Kong Science and Technology Parks Corporation
Tel: +852 2629 6891
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