Hong Kong Fintech Ecosystem Report

PART I: HONG KONG FINTECH AT A GLANCE 21 The amounts in US$ are shown for reference only. Please refer to the amounts in Hong Kong dollars. Funding Support from the Hong Kong Science and Technology Park (HKSTP) i Journey Description Funding & Support Program Duration Services Key Technology Clusters Ideation Advisory to help startups to turn idea into business US$12,812 (HK$100,000) 1 Year Financial Support (Grant, Targeted Fund, Rental Subsidy, Sponsorship) Acceleration Acceleration program to facilitate market penetration Launchpad to global expansion (soft-landing program, solution matching day, co-creation accelerators) US$0.61M (HK$4.8M) 2 Years Working Premises (Office,Co-working Space, Tech Incubation Center) Incubation Incubation Programs: a) Key technology clusters b) Incu-Bio US$0.17M (HK$1.3M) Incu-Tech 3 Years Incu-Tech Business Support (Mentorship, Investment Matching, GTM & Business Matching) Elite Global reach expansion to become a unicorn (financial, fundraising, business development, professional services) US$2.75M (HK$21.5M) 3 Years Technical Support (Training & Consultation, Productization, Manufacturing) Biomedical ICT Robotics Electronics New Materials Green Tech Sources: i. HKSTP US$0.77M (HK$6M) Incu-Bio 4 Years Incu-Bio