Hong Kong’s Innovation and Technology Commission said the assessment committee for the Innovation and Technology Accelerator Pilot Scheme has given in-principle support to nine applications. The selected cases involve organizations including Jinggangshen Innovation Technology Accelerator Co., Ltd., China Outbound Accelerator Limited, and China Resources Modern Services (Hong Kong) Co., Ltd. According to the announcement, the selected institutions have networks and resources across artificial intelligence, robotics, biomedicine, new energy, and new materials, and will provide services such as shared space, research and development support, and market expansion for innovation and technology companies. The scheme is designed to attract professional innovation and technology enterprise service providers from Hong Kong, mainland China, and overseas to establish accelerator bases in the city. The government will provide funding on a 1:2 matching basis, with a ceiling of HK$30 million and a project period of up to three years. Secretary for Innovation, Technology and Industry Sun Dong said the government will continue to improve the city’s innovation and technology ecosystem and support Hong Kong’s development into an international innovation and technology center.
Hong Kong’s Innovation and Technology Commission said the assessment committee for the Innovation and Technology Accelerator Pilot Scheme has given in-principle support to nine applications, involving organizations including Jinggangshen Innovation Technology Accelerator Co., Ltd., China Outbound Accelerator Limited, and China Resources Modern Services (Hong Kong) Co., Ltd.
The government said the selected institutions have networks and resources in areas including artificial intelligence, robotics, biomedicine, new energy, and new materials. They will provide innovation and technology companies with services such as shared space, research and development support, and market expansion.
Funding ratio and project term
The scheme is intended to attract professional innovation and technology enterprise service providers from Hong Kong, mainland China, and overseas to establish accelerator bases in the city. The government will provide funding on a 1:2 matching basis, with a funding cap of HK$30 million and a maximum project period of three years.
Sun Dong, secretary for innovation, technology and industry, said the government will continue improving Hong Kong’s innovation and technology ecosystem and support the city’s development into an international innovation and technology center.
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