HKSTP IDEATION

HKSTP IDEATION Programme is a year-long startup support initiative designed to help tech-focused entrepreneurs in Hong Kong turn their innovative ideas into viable businesses. Objectives: - Equip participants with fundamental entrepreneurial skills. - Provide comprehensive support from business model design to investment sourcing. - Guide startups through technical development and business refinement. - Facilitate mentorship and networking opportunities to foster growth. Target Beneficiaries: - Individual applicants aged 18 or above holding an HKID. - Companies incorporated in Hong Kong for less than 2 years at application start. - Teams intending to incorporate a Hong Kong limited company within two weeks of admission. Application Process: - Applications open thrice yearly (January, May, September). - Submit applications online before the deadline. - Pre-screening by an admission panel. - Shortlisted applicants attend a panel assessment and due diligence meeting. - Results announced approximately three months after application deadline. Key Features: - Up to HKD 100,000 seed funding disbursed in three tranches based on milestone achievements. - Access to co-working space subject to availability. - Comprehensive training covering market validation, business modeling, pitching, and more. - Dedicated account managers for coaching and support. - Access to HKSTP startup community and networking events. - Nomination support for HKSTP Incubation Programme for further development. - No requirement to quit job or school; part-time participation allowed. - Emphasis on team competency, business potential, innovativeness, and R&D in assessment. The programme aims to nurture innovative startups by providing financial support, expert guidance, and ecosystem access to accelerate their entrepreneurial journey in Hong Kong's innovation and technology sector.