Chief Executive John Lee is delivering his third Policy Address today (Oct. 16).
"Hong Kong is striving to become an international innovation and technology (I&T) centre by promoting the upgrading and transformation of traditional industries while actively nurturing emerging ones." Lee says.
To attract international start-up accelerators to establish a presence in Hong Kong, the government will launch the I&T Accelerator Pilot Scheme with a funding allocation of HK$180 million at a one-to-two matching ratio between the government and the institution, up to a subsidy ceiling of HK$30 million.
The Scheme aims to attract professional start-up service providers with proven track records in and beyond Hong Kong to set up accelerator bases in Hong Kong, fostering the robust growth of start-ups.
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