Written by Shelley Lin and Melissa Au, Business Development, CW CPA
On 18 Jul 2019, Mr. Thomas Wong, Partner of CW CPA led a team of CW colleagues visited Hong Kong Science Park and was well received by Mr. Peter Mok, Head of Incubation & Acceleration Programmes and Mr. Wilson Chan, Senior Manager of Incubation Promotion at Hong Kong Science and Technology Parks Corporation (HKSTP).
During the meeting, Mr. Wilson Chan provided a latest update on HKSTP’s pre-incubation, incubation, and enterprise acceleration programmes, following which Ms. Shelley Lin from CW presented to HKSTP about the professional services and networks CW could offer and the activities CW has been conducting to attract and support overseas entrepreneurs in Hong Kong.
HKSTP has three main set-ups for scientists and developers. In their pre-incubation stage, HKSTP has the Science and Technology Entrepreneur Programme (STEP) which has lower criteria and allows tech-focused entrepreneurs to test their idea by giving them access to funding, space, and developmental training for a year. The incubation stage is broken up into Incu-app, Incu-tech, and Incu-bio divisions, with each successful applicant receiving access to office space, technical and management assistance, promotion and development assistance, business support, and a financial aid package. Finally, the Leading Enterprises Acceleration Programme (LEAP) helps startups access the global stage, by granting access to the Greater Bay Area, commercializing with a startup ecosystem backed by the HK Government, and receiving up to HK$4.5 million.
The meeting was productive and Mr. Thomas Wong and Mr, Peter Mok exchanged ideas on how CW and HKSTP could collaborate to help startups achieve success in Hong Kong. HKSTP was particularly interested in CW’s specialty in the Spanish-speaking and Portuguese-speaking markets. Despite the on-going trade war between China and the US, neither CW nor HKSTP have seen a decrease in inquiries. In particular, CW has been receiving an increasing number of enquiries about the incubation programmes offered by HKSTP from entrepreneurs in China, ASEAN and Europe recently. And a tailor-made service package is now being designed to offer a total solution to overseas entrepreneurs who wish to set foot in Hong Kong.
The discussions for closer cooperation between CW and HKSTP will keep going on and remain promising.