HKSTP and NSTDA Sign MoU to accelerate Innovation and Technology Development via Co-incubation and Co-investment

Hong Kong, 2 December 2019 – Hong Kong Science and Technology Parks Corporation (HKSTP) has signed a Memorandum of Understanding (MoU) with Thailand’s National Science and Technology Development Agency (NSTDA) to expand trade and investment relations in high technology areas in Hong Kong and Thailand. 

Through the collaboration between HKSTP and NSTDA, both parties will foster technology business partnerships, technology transfer, venture incubation and investment, as well as innovation ecosystem development. For the next three years, they will co-organise activities such as the InnoExpress Programme, which helps promising technology companies in the fields of Agri-tech, Biotech, AI and Fintech better understand the innovation landscape and market in Hong Kong, Greater Bay Area and Thailand. 

HKSTP and NSTDA plan to launch joint incubation programmes before end of 2020. The first cohort of the joint incubation programme will incorporate five to ten companies from both sides. The two parties will also explore co-investment opportunities and help technology companies raise funds through upcoming investment roadshows.