is a specialized biotech incubation initiative designed to support startups in the medical technology sector in Hong Kong. It aims to help biotech startups overcome resource constraints such as funding, manpower, and expertise to accelerate their innovation and commercialization.
Objectives:
- To nurture and accelerate biotech startups by providing funding, mentorship, and access to industry resources.
- To build a thriving biotech ecosystem in Hong Kong that fosters innovation in healthcare.
- To facilitate startups in transforming their ideas into viable medical technology products.
Target Beneficiaries:
- Early-stage biotech startups focusing on medical technology innovations.
- Companies requiring specialized biotech lab facilities, equipment, and expert guidance.
- Startups aiming to commercialize biomedical research and develop healthcare solutions.
Key Features:
- Workspace Support: Access to modern co-working medical technology labs and HKSTP Biomedical Technology Support Center facilities at preferential rates.
- Technology Support: Use of world-class equipment, software, and lab facilities with support from in-house professional scientists and industry partners.
- Business Support: Networking with mentors, strategic partners, and investors; assistance in business planning, investment preparation, and marketing.
- Financial Aid: Up to HK$6 million in startup funding, including HK$4 million financial subsidy and HK$2 million for regulatory activities like clinical trials.
- Co-Incubation Programmes: Collaboration with multinational biopharmaceutical companies offering mentorship, funding, and industry connections in specialized biomedical areas such as aging diseases, infectious diseases, diagnostics, digital health, oncology, and gene therapy.
Application Process:
- Submit a business proposal detailing innovation, technology, business model, team, and a four-year milestone plan.
- Provide required supporting documents for funding application.
- Undergo an eligibility assessment by an independent expert panel.
This comprehensive support system enables biotech startups to focus on innovation while leveraging HKSTP’s ecosystem, expertise, and funding to scale their ventures successfully.
