Introduction of

1. Hong Kong Science & Technology Parks Corp. Introduction of

2. Mission of HK Science & Tech Parks Corp. • To provide quality infrastructure and support facilities for innovation and technology development • To offer full-service incubation programmes for technology start-ups • To foster partnership between industry and universities through joint training and research programmes

3. The aim of Incu-Tech To encourage and promote innovation-based entrepreneurial activities in order to: • Contribute to GDP growth and increase high value-added employment; • Reinforce Hong Kong’s position as a product development centre; • Enhance Hong Kong’s position as a window to the world.

4. Business and Technical Support • Technical & Management • Training & Education • Promotion • Networking • Aid Package • Office Premises • Communal service

5. Technical and Management • Coverage of Technical & Management Assistance Fund • Consultancies from universities • Pre-approved consultancies from industry • Access to library • Access to laboratories • Video linking to training • Teaching Company Scheme for R&D • Work-study Programme • Student projects

6. Training and Education • Upgrade the managerial skill of incubatees • Keep abreast of the current technological trends • Seminars/Forums by international specialists on new technologies

7. Promotion • Assistance to incubatees when the final products are ready • Product Launches/seminars • Sponsored Exhibitions

8. Promotion Exhibition Computer Expo

9. Promotion Product Launch  303 Asia Vision with Sealand 

10. Promotion Business Matching • Enable incubatees to source capital, marketing, technology and OEM manufacturing partners. • Annual TechWorld Business Matching TechWorld

11. Networking To create synergy and business opportunities that develop from client networking • Luncheons and orientation programmes • Admission to the social clubs of selected universities • Mentorship Programme • Sharing the business wisdom and a third-person perspective

12. Amount Period Technical & Management Assistance Fund * HK$98k 3 years Training Assistance Fund ** HK$18k 3 years Promotion Assistance Fund * HK$184k 3 years Operation Reimbursement Fund ** HK$45k 3 years Aid Package * HKSTP will subsidize 75% of the cost up to the amount specified and incubatees are responsible for the other 25%. ** HKSTP will subsidize 50% of the cost up to the amount specified and incubatees are responsible for the other 50%.

13. First Year Second Year Third Year (Rent + (TC) Mgmt Fee *(p.s.f.) (SP) HK$ 0+0 HK$ 0+0 HK$ 6+2 HK$ 4+2.5 HK$ 6+2 HK$ 4+2.5 Office Premises • Up to a 12-month rent free period • Ready to use office • Business Centre Service • Receptionist service • Meeting Room • Office machines • Pantry * subject to meeting of milestones

14. Communal Services • Legal & IP Consultancy Referral Services • access to quality legal and IP consultancy services at HK$375 per hour • Service providers • WI Cheung & Co (a firm of solicitors) • Wilkinson & Grist (a firm of solicitors) • Squire, Sanders & Dempsey (a firm of solicitors) • Versitech Ltd. (a technology transfer company of the University of Hong Kong)

15. Innovation Centre (IC) • Converging entrepreneur and innovation • Focusing towards IC design and electronic system engineering • Sharing of advanced technological infrastructure - IC Design/Development Support Centre • Providing specialized services: • Design library • Wafer shuttle • Specialized IC CAD tool • Test system platforms • Specialized labs for SEM, FIB • Wet labs for product/failure analysis • Next generation incubation location • 100,000 sq. ft. floor space of lab/office • Ready for occupancy April 2003

16. Mandatory Admission Criteria • A start up company registered in Hong Kong • At least 2 full-time staff, one of whom is a shareholder with not less than 20% share • The company should have a dedicated and technically competent management team • The company has a viable business plan

17. Mandatory Admission Criteria • Develop or commercialize technology in the innovation technology industry • Conduct most of R&D activities at the Incubation Centre. • It cannot operate only a sales & marketing office or retail outlet at the Incubation Centre; • Laboratories at the Incubation Centre must be environmentally friendly which do not handle hazardous materials. They must be able to operate in an office building.

18. Qualitative Assessment Criteria • Quality and competence of the management team (e.g. one/more of the shareholders is a technical person of related discipline) • Business viability • Innovativeness • Technology/R&D content • Milestones set for 6th month and 18th month after admission

19. No. of Incubatees & Graduates in the Programme

20. Incu-Tech • Examples of promising new projects involve commercialization of - • Wireless technology • Biometric applications • Application-specific IC design • System-on-chip technology • Multimedia communications • Thermal management technology for semiconductor industry

21. Star Performers of Incu-Tech • TeleEye: video and data compression technology for remote monitoring system • First incubatee listed on GEM • Oversubscribed by over 100 times when listed in May 2001 • InfoTalk: multilingual speech recognition systems • Received several local & international awards • J/V with Intel and secured 3rd round VC funding in June 2001, despite adverse market conditions.

22. Star Performers of Incu-Tech • LECCO Technology: database performance enhancement software • 5 overseas regional offices • Received NBIA Award in 2000 (first award outside US) • Sold more than 2000 licences worldwide • Clients : Boeing, Merrill Lynch, Sealand, Hitachi & NTT

23. You could be the next ! HK Science & Technology Parks : http://www.hkstp.org Enquiry : 2784 2683 For further information