Hong Kong, 11 September 2019 – Hong Kong Science and Technology Parks Corporation (HKSTP) today announced financial relief measures to aid innovation and technology start-ups and enterprises in Hong Kong. These measures are in line with the announcement made by the Financial Secretary this August to provide support for businesses, especially small and medium enterprises (SMEs).
HKSTP’s financial relief measures will come as a one-off, six-month special rental concession at 50% discount to existing tenants in Science Park, InnoCentre and Industrial Estates, covering incubatees, partner companies, RFB (Retail, Food and Beverage) operators and professional services companies. The rental concession will be capped at 10,000 square feet, and will be effective from 1 October 2019 to 31 March 2020, applicable to companies with valid leases during this roll-out period.
Albert Wong, CEO of HKSTP, said, “HKSTP has always been exploring different ways to enhance support for our partner companies and progress the development of the innovation and technology ecosystem in Hong Kong. We hope that with the prompt implementation of the measures, it will ease their operating pressure, provide them with more financial flexibility and help our Park companies stay focused on their R&D work.”
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.
Hong Kong Science and Technology Parks Corporation
Tel: +852-2629 6891
Ogilvy Public Relations
Tel: +852-2884 8474