Hong Kong, 17 January 2020 – Hong Kong Science and Technology Parks Corporation (HKSTP) issued the following statement with respect to the misinformation reported in the news.
Inspirr Group was enrolled in HKSTP’s Incu-App Programme, a start-up incubation programme, from 1 January, 2015 to 30 June, 2016. The company moved out of Science Park right after their graduation from the programme.
Falsely stated in the news report, HKSTP had not offered financial aid of HK$1 million to Inspirr Group and the R&D activities carried out by the company did not include the operations of ticketing services throughout the incubation period.
The company was a software startup with an online shop for creative assets and templates, such as web templates, code, graphics, audio, video, 3D and Apps source.
As a matter of fact, the entitlements the company received during the incubation period was the allocation of a work bench at the Incubation Centre, as well as reimbursements based on actual expense claims.
HKSTP’s incubation programmes have well defined business development objectives and assessment processes in place, coupled with regular discussions and assessment reviews with the incubatees in order to provide customized support as well as monitoring their R&D progress.
Incubatees are expected to demonstrate satisfactory levels of performance based on their milestone plan. In the event of any incubatees who do not pass the assessments, all or part of their entitlements from the programme will be subject to termination.
HKSTP hereby express our disappointment about the allegations made in the press which are inaccurate and not factually correct.
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