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Science Park Company Holds "Ideation and Entrepreneurship Incubation Program Graduation Ceremony", Startups Benefit from Funding and Support

Science Park Corporation provides three different incubation programs for start-up companies, including the Ideation Program, the Tech Incubation Program, and the Biomedical Technology Programs. These start-up companies come from various countries such as China, India, Canada, United States, Italy, and South Korea, covering industries including biotechnology, information and communication technology, electronics, and green technology. The Ideation Program offers entrepreneurship support and HKD 100,000 seed funding, while the Tech Incubation Program provides three years of comprehensive support and HKD 1.29 million funding. The Biomedical Technology Programs offer four years of advanced laboratories and up to HKD 6 million financial support.

One of the start-up companies benefited from the Biomedical Technology Programs is C-Mer RainsOptics Limited, which has developed a portable fundus camera. CEO Ho-Wah Lee mentioned that traditional fundus cameras are bulky and complicated to operate, which prevents many mobility-impaired patients from receiving timely diagnosis. They aim to use this product to perform fundus screening for elderly patients with limited mobility in various environments and improve diagnostic efficiency for early treatment. Lee mentioned that the program has provided them with abundant resources such as equipment and high-standard laboratories. Currently, they are ensuring the safety of the product and hope to promote it in developing countries and the Greater Bay Area to reduce the occurrence of fundus diseases.

Another green technology start-up company has developed a special processing technique to turn ordinary bamboo poles into "SuperBamboo" suitable for construction and decoration purposes. Co-founder Andy Ong of SuperBamboo mentioned that they discovered bamboo's fast growth rate and lack of raw material shortage issues. However, the strength and form limitations of regular bamboo limited its widespread application in the market. Hence, they developed a special processing technique to make bamboo stronger. Ong pointed out that besides the financial support provided by the program, their biggest help comes from the professional guidance and support offered by Science Park.

Chee Tsang Chak, the Director of Tech Incubation and Enterprise Development Program, mentioned that up to 61% of start-up companies choose to stay in Science Park after graduation this year. They will continue to support youth entrepreneurship in Hong Kong and mainland China and promote the development of innovative technology.

In summary, Science Park Corporation provides support and resources for start-up companies from different countries and industries through various incubation programs. These programs offer seed funding, comprehensive support, and facilities such as laboratories. The start-up companies benefited from these programs have developed a portable fundus camera and a special processing technique, bringing convenience and possibilities to the field of ophthalmology diagnosis and the construction industry. Science Park Corporation will continue to support youth entrepreneurship and drive the development of innovative technology.

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