Hong Kong Science and Technology Parks Corporation

What Hong Kong Science and Technology Parks Corporation does

Hong Kong Science and Technology Parks Corporation (HKSTP) is a statutory body of the Hong Kong SAR Government, established in 2001 to build and operate the city's innovation and technology ecosystem. It manages a portfolio of physical infrastructure including Hong Kong Science Park (the city's flagship I&T campus housing 13 unicorns and 15,000+ R&D professionals), InnoCentre in Kowloon Tong, three InnoParks (Tai Po, Tseung Kwan O, Yuen Long) for advanced manufacturing, the new INNOPOLE Northern Metropolis campus for AI+ industries, and a 31,000 sqm Shenzhen Branch serving as a Greater Bay Area hub. The ecosystem hosts 2,500+ technology enterprises and 26,000+ people across these sites, with companies drawn from 26 countries.

HKSTP's core offering is a platform-plus-modules service spanning incubation programs (Ideation, Incubation, Incu-Bio for biotech), acceleration (Co-Acceleration, Elite), sector-specific hubs (Life & Health Tech, GreenTech, Digital Service Hub with HPC-as-a-Service), a Corporate Venture Fund with HK$20 billion deployed since FY2018 and 1:14X private capital leverage, and international market access via Global Connect (launched April 2026) and major tech event delegations (CES 2026 with 61 companies, BIO 2026 with 41, MWC 2026 with 21, VivaTech 2026, GITEX 2025). Revenue is generated across five streams: recurring real estate rentals across Science Park and InnoParks, venture fund returns, incubation programme fees (averaging USD 1-2M per company), event and delegation services, and government funding allocations via TecONE and the Innovation and Technology Fund.

HKSTP functions less as a technology product company and more as an ecosystem orchestrator, with notable AI infrastructure plays including the SenseTime-partnered Intelligent Computing Center (targeting 40,000+ PetaFLOPS by 2030), the AWS/FCC Analytics AI RegTech Lab, and AI-native tenant support covering SurgMotion's surgical foundation model and Imsight's lung cancer screening AI. Leadership comprises Chairman Dr. Sunny Chai Ngai-chiu and CEO Albert Wong (formerly of MTR and NEOM), with a broader executive bench covering finance, estates, ecosystem development, legal, talent, marketing, audit, and project delivery.

Name

Hong Kong Science and Technology Parks Corporation

Legal name

Hong Kong Science & Technology Parks Corporation

Website

https://hkstp.org

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Hong Kong Science and Technology Parks Corporation (HKSTP) is the Hong Kong SAR Government's statutory I&T ecosystem operator, managing Science Park, three InnoParks, INNOPOLE, and a Shenzhen GBA hub that serve 2,500+ technology companies and 26,000+ people through incubation, venture funding, AI infrastructure, and international market access programs.

Ownership category

akta.pro rank

Product category

Science and Technology Park Operations

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Facilities Operations, CMMS & Predictive Maintenance (IoT-enabled) (HSAPAPAI)

akta.pro secondary industries

Emerging Tech (IoT, Blockchain, AR/VR, Edge) Consulting (BPAHAEAL), Network, Infrastructure & Data Center Integration (BPAEAAAK)

Keywords

• Technology incubation services
• Science park operations
• Startup acceleration programs
• Venture fund investment
• Innovation ecosystem management

Headquarters

HQ city

Sha Tin

HQ country

Hong Kong SAR China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Real Estate Rental and Leasing: HKSTP generates revenue through renting office spaces, laboratories, co-working spaces, and manufacturing facilities to technology companies and startups. HKSTP InnoParks provide industrial spaces for advanced manufacturing, microelectronics, pharma, and biomedical manufacturing. Revenue is recurring from tenant leases across Science Park, InnoCentre, and InnoParks.
2. Venture Fund and Investment Returns: HKSTP's Corporate Venture Fund (CVF) invests in startups, leveraging private capital at a ratio of approximately 1:14. Investments include Vizzio Technologies, a Singapore-based 3D mapping and AI company. The fund provides capital to park companies and technology startups with potential for equity returns.
3. Incubation and Acceleration Programme Fees: HKSTP charges programme fees or manages funding disbursements for its Incubation Programme, Incu-Bio, Co-Acceleration Programme, and Elite Programme. Companies in these programs receive funding, lab access, and mentorship in exchange for programme participation. Average investment of $1 million to $2 million per company.
4. Event and Delegation Services: HKSTP organizes and leads delegations to international technology events (CES, BIO, MWC, VivaTech, GITEX) for Hong Kong tech companies, facilitating market expansion and partnerships. Revenue is derived from participation fees and sponsorship arrangements.
5. Public Funding and Government Allocation: As a statutory body, HKSTP receives government funding and allocates public funds to technology development programmes including TecONE center for public funding advisory and Innovation and Technology Fund support.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels12 records

Core offering

HKSTP operates Hong Kong's largest innovation and technology (I&T) ecosystem, providing physical infrastructure (Science Park, InnoCentre, three InnoParks, Shenzhen Branch, and INNOPOLE campus) along with incubation, acceleration, funding, and international market access programs for technology startups and enterprises. It leases office, lab, co-working, and advanced manufacturing spaces, runs programs such as Incubation, Incu-Bio, Co-Acceleration, Elite and Ideation, and deploys a Corporate Venture Fund to co-invest in early-stage technology companies across AI, biotech, fintech, greentech, microelectronics, and smart city sectors.

Product overview

HKSTP operates as a comprehensive innovation and technology ecosystem with platform-plus-modules architecture. The core offerings include HKSTP Incubation Programme and Incu-Bio Programme for startup development, Co-Acceleration and Elite Programmes for scaling, supported by Venture Fund and Fundraising Platform for capital access. The infrastructure spans Hong Kong Science Park (leading I&T hub with 13 unicorns), InnoCentre (GreenTech/FinTech hub), and four InnoParks (Tai Po, Tseung Kwan O, Yuen Long, and INNOPOLE in the Northern Metropolis) plus Shenzhen Branch. Additional support includes TecONE for public funding, Mentorship Programme for knowledge exchange, Global Connect for international market access, and Digital Service Hub providing HPC-as-a-Service and data tools. Life & Health Tech and GreenTech Hub offer sector-specific acceleration, while InnoCell provides smart accommodation and MICE Venues enable industry events.

Differentiator

Problem solved

Functional benefit

Brands

• Science Park: Hong Kong's leading I&T ecosystem advancing global innovation
• InnoCentre
• InnoPark
• INNOPOLE
• InnoCell
• TecONE
• HKSTP I&T Powerhouse
• Global Connect
• EPIC
• Incu-Bio
• GreenTech Hub
• Digital Service Hub
• KEEP UP

Products and services

• Hong Kong Science Park Hong Kong's leading I&T campus located in Pak Shek Kok, New Territories, home to 13 unicorns and 15,000+ R&D professionals; provides office, lab, and co-working spaces leased to technology companies and startups.
• InnoCentre Multi-space work hub at 72 Tat Chee Avenue, Kowloon Tong, dedicated to GreenTech and FinTech tenants, providing flexible office and co-working spaces.
• Tai Po InnoPark Industrial park at 12 Dai Fu Street, Tai Po Industrial Estate hosting the Medical and Advanced Manufacturing Reindustrialisation Site (MARS) and Precision Manufacturing Centre (PMC) for pharmaceutical, medical device, and precision manufacturing tenants.
• Tseung Kwan O InnoPark Industrial park at 5 Chun Cheong Street, Tseung Kwan O Industrial Estate housing the Advanced Manufacturing Centre (AMC) and Data Technology Hub (DTHub) for marine, data tech, and smart production tenants.
• Yuen Long InnoPark Industrial park at 32 Wang Lee Street, Yuen Long Industrial Estate housing the Microelectronics Centre (MEC) for microelectronics, pharmaceutical, and biomedicine manufacturing tenants.
• HKSTP Shenzhen Branch 31,000 sqm Greater Bay Area hub in Shenzhen's Futian Bonded Zone providing offices, labs, collaboration spaces, and meeting facilities for park companies expanding into the Chinese mainland market.
• INNOPOLE Northern Metropolis campus powering AI+ industries with deep tech infrastructure, expanding HKSTP's footprint to drive AI integration across Hong Kong's industrial sectors.
• HKSTP Incubation Programme Specialised programme enabling targeted-tech commercialisation from prototype to product, providing funding, lab access, and expert mentorship to participating startups.
• Incu-Bio Programme Biotechnology incubation programme from lab to market for life and health technology companies, providing specialized lab facilities, clinical trial support, and access to GMP manufacturing.
• Ideation Programme Year-long foundational support programme that turns early-stage ideas into dream ventures, providing resources and mentorship to founders at the ideation stage.
• Co-Acceleration Programme Limited partner-backed acceleration support for AI and sustainability startups, providing funding and partner resources to scale early-stage ventures.
• Elite Programme Global expansion support programme for high-growth startups with unicorn potential, providing resources for international scaling.
• Corporate Venture Fund (CVF) HKSTP's investment vehicle that deploys capital into park companies and technology startups, leveraging private capital at a 1:14 ratio to provide HKD 1-2 million average investment per company.
• Digital Service Hub One-stop data tools and services hub for digital innovators including High-Performance Computing-as-a-Service (HPC) for large-volume research needs and big data resources.
• GreenTech Hub Programme supporting sustainable innovations in new energy, smart cities, and green finance, helping green tech startups commercialize and scale.
• TecONE Center Support centre at Science Park providing advice and guidance to companies on raising public funding in Hong Kong, including Innovation and Technology Fund applications.
• Mentorship Programme Knowledge exchange initiative connecting industry professionals, business advisors, and venture capital experts with startups in the HKSTP ecosystem.
• InnoCell Smart living accommodation at Science Park and Tai Po designed for work, rest, and play, providing residential options for park company employees and visitors.
• MICE Venues Flexible meetings, incentives, conferences, and exhibition venues of various sizes at Hong Kong Science Park for industry events and gatherings.
• Laboratory Facilities State-of-the-art laboratory facilities including the Biotech Centre, Sensor Packaging Integration Lab, and Bioscience Analysis Centre for research and testing by park tenants.
• Global Connect - Global Innovation Exchange Year-round platform launched April 2026 connecting global innovation ecosystems with Hong Kong as a gateway, supporting bilateral entry between global innovators and Greater Bay Area markets.
• DfMA Launchpad for AI MMP Programme 12-month co-incubation programme launched May 2026 with Avnet and EMUS Lab supporting Edge AI, Physical AI, and high-performance computing startups with up to HKD 100,000 funding, EMUS Lab and Science Park access, and mentorship from Avnet engineers and HKU experts.

Quantifiable outcome

• Park companies have raised approximately HK$1,680 billion since 2018
• +10 more outcomes

Named customers28 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability11 records

Feature10 records

Partnerships

26 partnerships are on record, tiered core, major and minor.

• LabCentralcoreStrategic or Co-development Partner · 22 June 2026HKSTP signed an MOU with LabCentral at BIO 2026 for cross-border startup support, enabling Hong Kong biotech startups to access LabCentral's ecosystem and resources, and vice versa. LabCentral is a leading biotech incubator based in Cambridge, Massachusetts.
• OPIS (Optimal Pharmaceutical Solutions)coreStrategic or Co-development Partner · 22 June 2026Immuno Cure (HKSTP park company) signed a collaboration with OPIS at BIO 2026 for overseas clinical trial execution, facilitating international clinical development of Hong Kong-developed immunotherapies.
• Laboratório Teuto (Brazil)majorStrategic or Co-development Partner · 22 June 2026Zhaoke Ophthalmology (HKSTP park company) signed an MOU with Brazil's Laboratório Teuto at BIO 2026 for ophthalmology market entry into Brazil, one of the world's largest pharmaceutical markets.
• Business FranceminorStrategic or Co-development Partner · 22 June 2026HKSTP coordinated networking events with international partners including Business France at BIO 2026, as part of the Hong Kong delegation led by HKSTP at the BIO International Convention in San Diego.
• Simcere PharmaceuticalminorStrategic or Co-development Partner · 22 June 2026HKSTP coordinated networking events with international partners including Simcere Pharmaceutical at BIO 2026, as part of its life sciences delegation to the BIO International Convention 2026 in San Diego.
• Bouygues ConstructionmajorStrategic or Co-development Partner · 17 June 2026HKSTP expanded its partnership with Bouygues Construction at VivaTech 2026 to enable Hong Kong startups to access the company's 'Scale One' program for prototyping and commercialization in Europe. Bouygues Construction is a major French construction and services group.
• AlgreenminorStrategic or Co-development Partner · 17 June 2026Algreen (HKSTP park company) signed MoU with ForNatures (South Korea) at VivaTech 2026, representing a strategic partnership for cross-border sustainability technology collaboration.
• Robocore TechnologyminorStrategic or Co-development Partner · 17 June 2026Robocore Technology (HKSTP park company) signed MoU with ARCHTYP (Slovenia) and secured robot supply deal with JCDecaux (France) at VivaTech 2026. Robocore also secured 200 telemedicine robot order for Italy's national healthcare system.
• SenseTimecoreTechnology or Integration · 16 June 2026HKSTP and SenseTime signed an MoU on June 16, 2026, to establish a strategic partnership for AI computing infrastructure, marking the launch of Hong Kong's largest domestic intelligent computing center. The project targets computing capacity of over 40,000 PetaFLOPS by 2030, with first phase expected within the year, featuring multiple domestic GPU clusters. The initiative aligns with China's 15th Five-Year Plan and the Hong Kong SAR government's 'AI for All' strategic push.
• Hong Kong Alliance of Technology and Innovation (HKATI) / Bank of China (Hong Kong)coreStrategic or Co-development Partner · 23 May 2026The 4th BOCHK Science and Technology Innovation Prize Award Ceremony held May 23, 2026 in Hong Kong, organized by HKATI and title-sponsored by BOCHK. Prize pool of HK$10 million with HK$2 million per laureate for research achievements in AI/Robotics, Life and Health, Advanced Manufacturing, FinTech, and New Materials/New Energy. Nominations rose 73%+ vs. previous edition.
• AvnetcoreStrategic or Co-development Partner · 12 May 2026Avnet, HKSTP, and EMUS Lab launched the 12-month DfMA Launchpad for AI MMP Programme on May 12, 2026. Selected startups receive up to HKD 100,000 funding, access to EMUS Lab and Science Park facilities, and mentorship from Avnet engineers and HKU experts. Applications open May 1-29, 2026. The programme targets Edge AI, Physical AI, and high-performance computing startups.
• EMUS Lab (Emerging Microelectronics and Ubiquitous Systems Laboratory)coreTechnology or Integration · 12 May 2026EMUS Lab co-develops the DfMA Launchpad for AI MMP Programme with HKSTP and Avnet, providing specialized facilities and expertise for AI hardware innovation commercialization. Located within the HKSTP ecosystem.
• Hang Seng BankmajorStrategic or Co-development Partner · 17 April 2026HKSTP and Hang Seng Bank launched the Second Cohort of 'Living Lab for the Bank of the Future' to advance AI adoption in Hong Kong's financial services. Tech ventures from HKSTP ecosystem develop AI solutions with real-world testbeds at Hang Seng Bank, focusing on retail banking (AI-driven generative AI chatbots) and commercial banking (multilingual customer service voicebots).
• CU Medicine (The Chinese University of Hong Kong)majorStrategic or Co-development Partner · 30 March 2026Imsight (HKSTP Science Park company) partnered with CU Medicine to launch Hong Kong's first lung cancer screening programme for non-smokers, using AI-assisted medical imaging technology achieving 90-95% sensitivity.
• Gilead SciencesmajorStrategic or Co-development Partner · 18 March 2026Health Hope Pharma (HKSTP ecosystem company) secured a licensing agreement with Gilead Sciences worth up to USD 82.5 million, representing a major pharma partnership from the HKSTP ecosystem.
• HKTDC (Hong Kong Trade Development Council)coreGTM or Marketing Partner · 2 March 2026HKSTP and HKTDC jointly organized Hong Kong Tech Pavilion at MWC 2026 in Barcelona, showcasing 20 technology companies across connectivity, devices and systems, and digital transformation. The delegation aims to connect Hong Kong's tech sector with global telecom leaders and investors to accelerate international expansion. Similar joint delegations organized for CES 2026, BIO 2026, and GITEX Global 2025.
• HKTDC (Hong Kong Trade Development Council)coreGTM or Marketing Partner · 2 March 2026HKSTP and HKTDC co-organized the largest-ever Hong Kong Tech Pavilion at CES 2026 in Las Vegas with 61 tech companies (47 from HKSTP), three of which won CES Innovation Awards. Also co-organized delegation to GITEX Global 2025 Dubai with 22 companies facilitating 200+ business matchings.
• AsmoteminorStrategic or Co-development Partner · 2 March 2026Asmote, showcased at MWC 2026 Hong Kong Tech Pavilion organized by HKSTP and HKTDC, secured the world's first commercial 26GHz mmWave 5G project. Specializes in mmWave 5G/6G ISAC technology for drones and low-altitude economy applications.
• eSIXminorStrategic or Co-development Partner · 2 March 2026eSIX (HKSTP company) demonstrated maritime 5G solution capable of 80km offshore connectivity at MWC 2026 Hong Kong Tech Pavilion organized by HKSTP and HKTDC.
• Great Stone Park (China-Belarus Industrial Park)minorStrategic or Co-development Partner · 2 February 2026Great Stone Park (China-Belarus Industrial Park) cooperation with HKSTP presented at the 19th Asian Financial Forum in Hong Kong. Cooperation focuses on experience exchange and joint initiatives between the two technology parks.
• LEAP East (Tahaluf / Saudi Ministry of Communications and Information Technology / SAFCSP)majorGTM or Marketing Partner · 6 January 2026HKSTP supporting LEAP East inaugural Hong Kong edition (July 8-10, 2026) as an ecosystem partner. NHC Innovation and stc joined as Future Tech & Innovation Partner and Digital Enabler respectively. The event at Hong Kong Convention and Exhibition Centre will feature 300+ expert speakers and 300 exhibitors discussing fintech, AI, robotics, smart cities, and Web3.
• AWS (Amazon Web Services)coreTechnology or Integration · 16 December 2025HKSTP co-developed Hong Kong's first AI-driven RegTech Innovation Lab with FCC Analytics (HKSTP-backed startup) and AWS at FinTech Week 2025. AWS provides the secure cloud sandbox infrastructure for banks, brokers, and virtual-asset platforms to deploy AI tools for AML/KYC monitoring. Founding participants include Futu Securities, HashKey Digital Asset Group, and Livi Bank.
• FCC AnalyticscoreStrategic or Co-development Partner · 16 December 2025FCC Analytics is an HKSTP-backed startup that co-developed Hong Kong's first AI-driven RegTech Innovation Lab with AWS and HKSTP. The platform reduces false alerts in AML/KYC monitoring by up to 60% and is expanding to clients in Singapore and Australia.
• Fill Easy (HKSTP startup) / Prudential Hong KongminorStrategic or Co-development Partner · 3 April 2025Fill Easy, a Hong Kong Science Park startup, launched the market's first NFC-based e-KYC solution adopted by Prudential Hong Kong for its electronic insurance application system, reducing traditional onboarding processing times.
• CATL (Contemporary Amperex Technology)majorStrategic or Co-development Partner · 8 April 2024CATL opened its sixth international R&D center at Hong Kong Science Park as part of a planned USD 128 million investment to establish Hong Kong as its international headquarters. The facility accommodates up to 200 scientists and engineers, launches 75 R&D projects, and collaborates with local universities.
• Hong Kong SAR GovernmentcoreStrategic or Co-development Partner · 8 April 2024Hong Kong SAR government announced HK$750 million budget to accelerate EV adoption through taxi and bus fleet subsidies, with plan to equip 200,000 parking spaces with EV chargers by mid-2027. HKSTP ecosystem supports EV ecosystem development including Refined Motor Co. as Hong Kong's first road-legal EV conversion specialist.

Scale indicators47 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Suzhou Industrial Park (CSSD): China-Singapore Suzhou Industrial Park Development Group (CSSD) is a joint government-backed industrial park developer. Comparable as a bilateral government-backed tech park operator with incubation, real estate, and ecosystem services aimed at advanced manufacturing and biotech.
• Singapore Science Park (CapitaLand): Singapore Science Park is a comparable flagship R&D park in Asia operated by CapitaLand. Comparable as a mature science park ecosystem hosting tech companies, labs, and innovation programmes, competing with HKSTP for regional tech tenants and international delegations.
• Shanghai Zhangjiang Hi-Tech Park: Zhangjiang Hi-Tech Park is a major Chinese state-backed science park in Shanghai focused on biotech, semiconductors, and AI. Highly comparable in scale and mission to HKSTP, serving as a regional competitor for advanced-technology tenants and ecosystem participants.
• LabCentral: Leading biotech incubator in Cambridge, Massachusetts, partnered with HKSTP (MOU signed at BIO 2026). Comparable as a specialized life-sciences incubator providing wet-lab facilities, programming, and ecosystem support to high-growth biotech startups.

Broad incumbents

• JTC Corporation: Singapore's leading industrial infrastructure agency, managing Jurong Innovation District and numerous science/industrial parks. Directly comparable as a government-linked statutory body operating large-scale technology and industrial estates with incubation and ecosystem programmes across Singapore.
• Hsinchu Science Park (Taiwan): Taiwan's flagship government-backed science park anchored by semiconductor and ICT leaders. Comparable as an Asian government-run science park ecosystem with incubation, R&D facilities, and a track record of producing globally dominant tech companies.
• STPI (Software Technology Parks of India): STPI is an Indian government initiative operating software technology parks across India with incubation and infrastructure support. Comparable as a government-backed statutory entity operating a network of technology parks and incubation programmes.
• CIC (Cambridge Innovation Center): CIC operates one of the largest global networks of innovation campuses and coworking spaces for tech and life-science startups. Comparable as a multi-tenant innovation facility operator providing lab, office, and ecosystem services to venture-backed startups.

Regional players

• Shenzhen Virtual University Park: Shenzhen's innovation hub linking universities, research institutes, and tech companies in the GBA region. Comparable as a GBA innovation cluster and competing ecosystem for university spin-offs and biotech/AI startups targeted by HKSTP.
• Cyberjaya (Malaysia Digital Economy Corporation): Malaysia's flagship multimedia super corridor and tech hub managed by MDEC. Comparable as a government-backed tech park ecosystem focused on ICT, AI, and digital economy development in Southeast Asia, competing for regional tech tenants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/playlist?list=PLFGrNslTi1TfgZG2GBV6eqNbDfW3NpbIM
• Xx.com/hksciencepark
• Facebookfacebook.com/HongKongSciencePark
• LinkedInlinkedin.com/company/350453

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments43 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hong Kong Science and Technology Parks Corporation