incu-apps

 

HKSTP helps mobile application development industry with the Incu-App Programme, a tailored 18-month incubation programme for web/mobile application technology startups.

Incubatees will enjoy a full range of tailor-made support services and facilities that will help drive their businesses to the next level of development.

Companies in the following technology areas may apply to the programme:

  • Web-based applications
  • Smartphone-based applications
  • PC / Internet / smartphone / console games

Strategic Partners

Incu-App incubatees will be able to tap into the expertise of content development, application platforms and market support value chains.

HKSTP has partnership arrangements with:

6waves
Alicloud
Amazon Web Services
App Annie
Hong Kong Applied Science and Technology Research Institute Co., Ltd.
BlackBerry
CITIC Telecom International Holdings Ltd
Cluster Technology Ltd
esri china hong kong
Google Hong Kong Limited
AdBeyond (Group) Limited
Hong Kong Broadband Network Limited
Hong Kong Business Angel Network Ltd.
HKT Limited
Kingsoft Corporation Limited
Outblaze Ltd.
Samsung Electronics HK Co., Ltd
SoftLayer Technologies. Inc
Hong Kong Wireless Technology Industry Association
Sony Mobile Communication International AB
Microsoft Hong Kong Ltd.
PayPal Hong Kong
Stripe
Yahoo Hong Kong
Go Animate
Tencent

Office Premises

During the incubation period, admitted incubatees will be offered a premises1 at Hong Kong Science Park / InnoCentre, with free or subsidised rental period as shown in the below table2 .

Type Year 1 Year 2 Year 3 Year 4

Co-working space
Incu-App Centre

Fixed Desk: Month 0-18: HK$820/ workstation/ month
(for the first two workstations)

Month 19 onwards: HK$1,640/workstation/ month

Hot Desk: HK$400/workstation/ month

Co-working space
Lion Rock 72

Fixed Desk: Month 0-18: HK$1,160/ workstation/ month Month 19 onwards: HK$2,320/workstation/ month
Hot Desk: HK$500/workstation/ month

Office premises

Management Fee2 HK$7.1/ sq ft/ month

Management Fee HK$7.1/ sq ft/ month

Subsidised Rental HK$12/ sq ft/ month

Wet lab premises

Management Fee2 HK$13.3/ sq ft/ month

Management Fee HK$13.3/ sq ft/ month

Subsidised Rental HK$13.3/ sq ft/ month

Electricity is covered by the above charges. All charges shown in the above table are subject to change without prior notice.

As a general guideline for office space allocation, each full-time staff from the company who works in the offered premises at Hong Kong Science Park is offered with 100 sq ft of lettable space3. Maximum office space available is 1,600 sq ft.

Continued entitlement to the above subsidised rental rate is subject to an evaluation every six months to determine if milestones have been achieved. Failing to comply may result in early termination from the Incubation Programme, and company staff will be asked to move out from the Incubation Centre.

receptions incu-appcentres pantrys
equipment_rooms labs kowloon-city
kowloontongs lionrock shekkipmeis

Note:
  1. Premises are assigned by HKSTP; size and types are subject to availability.
  2. Free rental for the first year is applicable to a maximum of 800 sq ft, additional space is charged at the subsidised rental rate.
  3. These guidelines are for reference only. For detailed terms and condition, please refer to HKSTP' s licence agreement.

Financial Aid Package

To ensure that incubatees have higher chances of succeeding, HKSTP offers each and every company a fund of up to HK$60,000 to cover R&D and business development expenses.
 
To access this funding, incubatees are subject to milestone assessments conducted every 3 to 6 months thereafter during the incubation period. Based on progress and performance, each incubatee may have access to a financial grant of HK$ 20,000 per assessment, which purpose is to help incubatees covering part of their operation costs.

Milestone Assessment

As Incu-App incubatees represent the best in their field, so we also expect the best.
 
Milestone assessments are conducted every 3 to 6 months thereafter during the incubation period, in areas including but not limited to:

  • Product development
  • Business development
  • Corporate development
  • Cash flow status
  • HKSTP service used
 
Unsatisfactory milestone assessment may result in early termination of the incubation licence, together with all benefits offered by the programme.

Mandatory Admission Criteria

The applicant should meet the following conditions to apply for the Incu-App Programme:
 
  • An applicant must be a Hong Kong registered technology startup company established for no more than 2 years before the date of application. HKSTP may request for proof including but not limited to audited financial reports of the company.
  • Founding team members must hold more than 50% of the company at the time of application submission. Founding members must be individual shareholders or non-operating holding companies (as reflected by the Articles of Association or any other valid proof).
  • The company must have at least one full-time staff members; and all staff must be able to work in Hong Kong legally. The team of full-time engineers and technologists must, individually or collectively, own at least 10% of the company's equity. If the applicant has technology from a university and the applicant is approved by the said university, any shares held by the founding university professor(s) shall count towards the 10% equity ownership requirement.
  • At least 50% of full time staff must be engaged in technology related work and based in Hong Kong Science Park.
  • R&D activities must be carried out at the Incubation Centre. It cannot operate as a sales and marketing office only.
  • No retail activities or large-scale production shall be conducted at the Incubation Centre.
  • The applicant's office and work bench set up at the Incubation Centre must be environmentally friendly (i.e. must not create smell, noise or other elements which may disturb others) and should not handle hazardous materials (except in the wet labs of Biotech SME Centre adhering to HKSTP published safety standard and guidelines), and must be able to operate in an office building.
  • Normally, a shareholder working for the applicant cannot be a shareholder or former shareholder who is working for or worked for any of the following:
     
(i) more than two other companies in the same field that have previously joined and failed to graduate from any incubation programme operated by HKSTP, Hong Kong Cyberport Management Company or Hong Kong Design Centre (together the “HK Incubators”);

 

(ii) a company in the same field that has previously joined and graduated from any incubation programme operated by any of the HK Incubators; or

 

(iii) a company in the same field currently in any incubation programme(s) operated by any of the HK Incubators.
 

Requirement of less than 1,600 sq ft of office space.

 

Note:

  1. In case of successful application, the applicant needs to fulfill the admission criteria throughout the incubation period, and maintain at least 2 full-time staff members at the office at Hong Kong Science Park Technology Incubation Centre, where they should conduct the core R&D work.
  2. The applicants should have a full disclosure of shareholder's identity and holding (up to the top level) of the applying entity. The general guideline is that should there be corporate shareholders, they should not be mature companies in the same industry involving in the R&D of the same or similar products.

Other Qualitative Assessment Criteria

  1. Quality and competence of the management team
  2. Sound business plan
  3. Innovativeness
  4. R&D content
  5. Milestones set for every 3-6 months after move-in Application Procedure

Application form

Application Procedure
Step 1: Fill out and submit the online application form, upload requested supporting documents including but not limited to:
 

a. Business plan

b. CVs

c. Company documents (e.g. business registration, certificate of incorporation, annual return / NNC1. For details, please refer to the Application Guidelines above)

Step 2: HKSTP to contact the applicant for a casual interview
Step 3: The applicant be invited to an admission panel meeting – project presentation & Q&A
Step 4: Assessment result

The assessment panel comprises HKSTP’s senior management and key market players. For the panel list, please refer to the Application Guidelines above.

 

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