Policy Address

62. The Science Park and the Cyberport have each established funds to invest in technology start-ups and increased the quotas for their incubation programmes.

63. To further foster the development of the innovation and technology ecosystem, the Government supports the construction by the Hong Kong Science and Technology Parks Corporation (HKSTPC) of an InnoCell adjacent to the Science Park. InnoCell will provide residential units with flexible design and ancillary facilities, such as shared working spaces, for leasing to staff of the incubatees and start-ups in the Science Park. It will also be open to scientific research personnel from outside Hong Kong who work for other companies in the park. The HKSTPC is conducting a detailed study with a view to completing the construction of InnoCell in three years.

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