The TecONE seminar entitled “Sharing
on Latest Government Support and Planning towards Technology SMEs” was
organized by Hong Kong Science & Technology Parks Corporation (HKSTP) with
Strategic Partner – Technology Incubation Network on 15th Nov
2016. TecONE’s infoTalk invited the
Legislative Councillor (IT) to share with us the updates on the latest InnoTech
initiatives such as a $500 million Pilot Technology Voucher Programme (PTVP),
as well as, other government support towards technology SMEs. Dr. Alan Lam (Group CEO, Sengital Limited)
was moderator in this talk and introduced the speaker Hon Charles Mok.
In the beginning, Hon Charles Mok
introduced $500 million Pilot Technology Voucher Programme (PTVP) for 3
years. It was a matching fund that SME
expensed one dollar and government funded two dollars. Each case maximum funded
$300,000 (where $100,000 (SME) vs $200,000).
Mr. Mok said it was not covered only hardware but software / service
plus hardware such as subscription based service, cloud computing, etc. He
added that the management of this fund was performed by ITC itself.
Then Mr. Mok added the fund would
be launched in Q2, 2017. At that time,
ITB employed a consultant to research the 2nd study on the
technology blueprint for Hong Kong.
Hopefully, it included the collaboration among different departments in
Hong Kong Government. He also mentioned
Singapore’s IDA Lab and its accreditation scheme which was similar to HKQAA
registration – startup (One of MOU services with HKSTP).
Finally, he told us the Fintech
development was faster than others such as Cybersecurity with ASTRI and Sand
Box (1000 staff for pilot test) in Bank Industry.
During Q&A, some tenants
feedback that the most important part was the development fund for middle stage
(not initial stage)! Angel fund usually
was under $ 1M. Another participant said
the gap between Angel (< $5M) and Series A was small. But the great gap was
from Serves A (>$10M) to pre-IPO/VC!
Another problem of the fund using by SME was the tedious procedure. He
suggested separating into two more cases that one was above $100,000 and other
was below $20,000.
After the talk, many participants
discussed with Mr. Charles Mok for details.
Reference:
HKSTP - http://www.hkstp.org
TecONE - http://tecone.hkstp.org/t1_web/
TIN - https://www.facebook.com/groups/HKTIAN/Technology Voucher Programme (TVP) - http://www.itf.gov.hk/l-eng/TVP.asp
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