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Incu-App, Incu-Bio and Incu-Tech Programmes



Incu-App, Incu-Bio and Incu-Tech Programmes administered by the Hong Kong Science and Technology Parks Corporation


The Hong Kong Science and Technology Parks Corporation (HKSTP) offers three incubation programmes to support the development of technology startups in Hong Kong: Incu-App, Incu-Bio, and Incu-Tech.


Incu-App is a two-year programme that provides early-stage mobile and internet application startups with the resources and support they need to develop and commercialize their products. The programme offers a range of benefits, including:

  • Funding: Up to HK$1.29 million in funding to cover technology and business development expenses

  • Mentorship: Access to experienced mentors and industry experts

  • Networking opportunities: Opportunities to connect with potential partners, investors, and customers

  • Workspace: Access to affordable workspace in HKSTP's science parks

Incu-Bio is a four-year programme that nurtures the development of biomedical tech startups in Hong Kong. The programme offers a range of benefits, including:

  • Funding: Up to HK$3 million in funding to cover technology and business development expenses

  • Mentorship: Access to experienced mentors and industry experts

  • Networking opportunities: Opportunities to connect with potential partners, investors, and customers

  • Lab facilities: Access to world-class lab facilities and equipment

  • Regulatory support: Assistance with navigating the regulatory landscape for biomedical products

Incu-Tech is a two-year programme that supports early-stage technology startups in a variety of industries, including artificial intelligence, robotics, and fintech. The programme offers a range of benefits, including:

  • Funding: Up to HK$1.29 million in funding to cover technology and business development expenses

  • Mentorship: Access to experienced mentors and industry experts

  • Networking opportunities: Opportunities to connect with potential partners, investors, and customers

  • Workspace: Access to affordable workspace in HKSTP's science parks

All three incubation programmes are highly competitive, and only a small percentage of applicants are accepted. To be eligible for an HKSTP incubation programme, your startup must:

  • Be based in Hong Kong

  • Have a strong technology focus

  • Be in the early stages of development

  • Have a clear business plan

  • Have a strong team with the necessary skills and experience

If you are interested in applying for an HKSTP incubation programme, you can visit the HKSTP website for more information.


Why Hong Kong


Hong Kong is a renowned global financial and business center, consistently ranked among the world's most competitive economies. Its strategic location in Asia, coupled with its pro-business policies and robust infrastructure, makes it an attractive destination for entrepreneurs and businesses seeking expansion into the Asia-Pacific region. Here are some key reasons why Hong Kong stands out as a favorable place to establish and operate a business:

  1. Strategic Location and Gateway to China: Hong Kong is situated on the southern coast of China, providing direct access to the world's second-largest economy. It serves as a gateway to mainland China, offering businesses a springboard for tapping into the vast Chinese market.

  2. Pro-Business Environment and Low Taxes: Hong Kong adheres to a free-market economy with minimal government intervention and low tax rates. Its corporate tax rate is one of the lowest in the world, making it an attractive location for businesses to minimize their tax burden.

  3. Ease of Doing Business: Hong Kong is consistently ranked among the top economies in terms of ease of doing business. Its efficient regulatory framework and straightforward business registration processes make it easy for entrepreneurs to establish and operate their companies.

  4. World-Class Infrastructure: Hong Kong boasts world-class infrastructure, including modern transportation networks, advanced telecommunications, and sophisticated financial services. This infrastructure supports business operations and facilitates seamless trade connections.

  5. Talented and Multilingual Workforce: Hong Kong has a highly educated and multilingual workforce, well-versed in both English and Chinese. This talent pool provides businesses with the skills and expertise necessary for success in the global marketplace.

  6. Access to Capital and Investment: Hong Kong is a global financial hub with a well-developed financial market. Businesses have access to a wide range of financing options, including venture capital, private equity, and bank loans.

  7. Legal and Intellectual Property Protection: Hong Kong has a strong legal system that protects intellectual property rights. Businesses can confidently invest in their innovations and technologies without fear of intellectual property theft.

  8. International Trade and Connectivity: Hong Kong is a major international trade hub with a deep-water port and a well-connected airport. Businesses enjoy easy access to global markets and can efficiently import and export goods and services.

  9. Government Support for Innovation and Technology: The Hong Kong government actively promotes innovation and technology through various initiatives, including funding programs, technology parks, and incubation programs. This support fosters a vibrant innovation ecosystem that benefits businesses in various sectors.

  10. High Quality of Life: Hong Kong offers a high quality of life with a cosmopolitan lifestyle, world-class amenities, and a safe and secure environment. This attractive living environment helps businesses attract and retain top talent.

How Bestar can Help


Bestar can provide valuable assistance to startups participating in the Incu-App, Incu-Bio, and Incu-Tech programs administered by the Hong Kong Science and Technology Parks Corporation (HKSTP). Here's how Bestar can help these startups:

  1. Comprehensive Accounting and Financial Management: Bestar can provide comprehensive accounting and financial management services to startups, ensuring they maintain accurate and up-to-date financial records. This includes bookkeeping, financial reporting, tax preparation, and cash flow management.

  2. Grant and Funding Management: Bestar can assist startups in managing grants and funding received through the HKSTP incubation programs. This includes tracking grant disbursements, ensuring compliance with grant regulations, and preparing reports for HKSTP.

  3. Tax Planning and Compliance: Bestar can provide expert tax planning and compliance services to startups, minimizing their tax liabilities and ensuring they adhere to Hong Kong's tax laws. This includes advising on tax-efficient structures, preparing tax returns, and handling tax audits.

  4. Financial Projections and Forecasting: Bestar can help startups develop accurate financial projections and forecasts, enabling them to make informed business decisions and secure additional funding. This includes analyzing financial data, identifying key trends, and preparing detailed financial models.

  5. Business Advisory and Support: Bestar can provide ongoing business advisory and support to startups, acting as a trusted financial partner. This includes advising on financial strategies, assessing business performance, and identifying areas for improvement.

Here are some specific examples of how Bestar can help startups in each of the HKSTP incubation programs:

Incu-App:

  • Help startups track and manage expenses related to mobile and internet application development.

  • Advise on tax implications of different app monetization strategies.

  • Assist with preparing financial statements for investors.


Incu-Bio:

  • Help startups manage complex financial requirements related to biomedical research and development.

  • Provide guidance on navigating the regulatory landscape for biomedical products.

  • Assist with preparing grant applications and managing funding received.


Incu-Tech:

  • Help startups manage expenses related to technology development and intellectual property protection.

  • Advise on tax incentives available to technology startups.

  • Assist with preparing financial projections and forecasts for investors.

Overall, Bestar's expertise in accounting, finance, and business advisory can significantly benefit startups participating in the HKSTP incubation programs. By providing comprehensive financial management, grant management, tax planning, financial forecasting, and business advisory services, Bestar can help startups focus on their core business operations, increase their chances of success, and achieve their long-term goals.

Contact Bestar today!

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