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Admission Criteria

Mandatory Admission Criteria

The applicant should meet the following conditions to apply for the Incu-Bio Programme:

  • An applicant must be a Hong Kong registered technology start-up 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 report of the company.
  • Founding team members must hold not less than 33% 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).
  • At least two full-time staff in the company; 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.
  • Implementation of R&D activities at the Incubation Centre.  It cannot operate a sales and marketing office only.
  • No retail activities or massive production 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 wet labs of Biotechnology Small Enterprise 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 as applicant 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 as applicant 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 as applicant currently in any incubation programme operated by any of the HK Incubators.
  • Requirement of less than 1,600 square feet of office space​

Note:

  • 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.
  • 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 R & D of the same or similar products.
     

Other Qualitative Assessment Criteria

  •  Quality and competence of the management team
  •  Sound business plan
  •  Innovativeness
  •  R&D content
  •  Milestones set for every 6 months after move-in
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
Assessment Panel
All applications will be assessed by Incu-Tech/Incu-Bio Admission Panel, which comprises HKSTP senior staff members, one or two members from the Technology Advisory Panel, and a member from Hong Kong Venture Capitalist and Private Equity Association.

The Technology Advisory Panel comprises of:

•    Prof. Kong Siu-Kai, Department of School of Life Science, The Chinese University of Hong Kong
•    Prof. Chan Ho-Yin Edwin, Department of School of Life Science, The Chinese University of Hong Kong
•    Dr. LI Xuechen, Department of Chemistry, The University of Hong Kong
•    Prof. Aimin Xu, Department of Medicine, The University of Hong Kong
•    Prof. William LU Weijia, Department of Orthopaedics and Traumatology, The University of Hong Kong
•    Prof. Ed WU, Department of Electrical & Electronic Engineering, The University of Hong Kong
•    Prof. Gang LI, Faculty of Medicine, The Chinese University of Hong Kong
•    Prof. YP ZHENG, Department of Interdisciplinary Division of Biomedical Engineering, Hong Kong Polytechnic University
•    Dr. KH Loo, Department of Electronic and Information Engineering, Hong Kong Polytechnic University
•    Dr. YM Lai, Department of Electronic and Information Engineering, Hong Kong Polytechnic University
•    Prof. Michael TSE, Department of Electronic and Information Engineering, Hong Kong Polytechnic University
•    Prof. Patrick YUE, Department of Electronic & Computer Engineering, Hong Kong University of Science and Technology
•    Dr. Henry CHAN, Department of Computing, Hong Kong Polytechnic University
•    Prof. Jiannong CAO, Department of Computing, Hong Kong Polytechnic University
•    Prof. LAU Wing Cheong, Department of Information Engineering, The Chinese University of Hong Kong
•    Dr. Eric LO, Department of Computer Science and Engineering, The Chinese University of Hong Kong
•    Prof. Qian ZHANG, Department of Computer Science & Engineering, Hong Kong University of Science and Technology
•    Prof. Qin LU, Department of Computer, Hong Kong Polytechnic University
•    Prof. Joseph NG, Department of Computer Science, Hong Kong Baptist University
•    Dr. K P CHOW, Department of Computer Science, The University of Hong Kong
•    Prof. GQ HUANG, Department of Industrial & Manufacturing Systems Engineering, The University of Hong Kong
•    Prof.. KM LAM, Department of Electronic and Information Engineering, Hong Kong Polytechnic University
•    Prof. Lawrence YEUNG, Department of Electrical & Electronic Engineering, The University of Hong Kong
•    Prof. Kei May LAU, Department of Electronic & Computer Engineering, Hong Kong University of Science and Technology
•    Prof. KW CHEAH, Department of Physics, Hong Kong Baptist University
•    Prof. Ho Ho Pui Aaron, Department of Electronic Engineering, The Chinese University of Hong Kong
•    Prof. Zhao Ni, Department of Electronics Engineering, The Chinese University of Hong Kong
•    Prof. Edmund LAM, Department of Electrical & Electronic Engineering, The University of Hong Kong
•    Prof. Ning Xi, Department of Industrial & Manufacturing Systems Engineering, The University of Hong Kong
•    Prof. Min WANG, Department of Mechanical Engineering, The University of Hong Kong
•    Prof. KM SHIH, Department of Civil Engineering, The University of Hong Kong
•    Prof. Alfonso Ngan, Department of Mechanical Engineering, The University of Hong Kong
•    Prof. WB LEE, Department of Industrial and Systems Engineering, Hong Kong Polytechnic University
•    Prof. KL YUNG, Department of Industrial and Systems Engineering, Hong Kong Polytechnic University
•    Prof. Benny CF CHEUNG, Department of Industrial and Systems Engineering, Hong Kong Polytechnic University
•    Prof. HY YAM, Department of Electrical Engineering, Hong Kong Polytechnic University
•    Prof. KC CHAN, Department of Industrial and Systems Engineering, Hong Kong Polytechnic University
•    Prof. SQ SHI, Department of Mechancial Engineering, Hong Kong Polytechnic University
•    Dr. Wong Ka-Hing, Department of Applied Biology & Chemistry Technology, Hong Kong Polytechnic University
•    Prof. Liao Wei Hsin, Department of Mechanical and Automation Engineering, The Chinese University of Hong Kong
•    Dr. Chunhau Liu, School of Energy and Environment, City University of Hong Kong
•    Prof. Tianshou ZHAO, Department of Mechanical & Aerospace Engineering, Hong Kong University of Science and Technology
•    Prof. Jane LU, Department of Architecture and Civil Engineering, City University of Hong Kong
•    Prof. Qing LI, Department of Computer Science, City University of Hong Kong
•    Dr.. Raymond HS WONG, Department of Computer Science, City University of Hong Kong
•    Prof. Henry Chung, Department of Electronic Engineering, City University of Hong Kong
•    Prof. KT CHAU, Department of Electrical & Electronic Engineering, The University of Hong Kong
•    Prof. YG LI, Department of Mechanical Engineering, The University of Hong Kong
•    Prof. Dennis LEUNG, Department of Mechanical Engineering, The University of Hong Kong
•    Prof. TST NG, Department of Civil Engineering, The University of Hong Kong