Policy Address 2024 | Govt to attract international start-up accelerators to establish presence in HK

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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