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To provide relief to the innovation and technology industry, start-ups and partner companies at the Hong Kong Science Park and Cyberport amid the epidemic, the Government provides them with rental waiver through the Anti-epidemic Fund since October 2019. The third round of 6-month rental concession will be launched for the period of 1 October 2020 to 31 March 2021 in line with the third round of the Anti-epidemic Fund. Details are as follow: HKSTP HKSTP will provide a new 6-month rental concession of up to 75% of agreed rental fees to existing HKSTP tenants, including partner companies, retail, food & beverage (RFB) operators and professional services companies, at Science Park, InnoCentre and the Industrial Estates in Tai Po, Yuen Long and Tseung Kwan O. Between 16 September 2020 and 15 October 2020, existing HKSTP tenants can apply for the rental concession. For all HKSTP incubatees actively participating in the Incu-App, Incu-Tech and Incu-Bio programmes during the third round of Relief Period, they will be provided with a special one-off grant of HK$37,500. In addition, the incubatees will be entitled to the 75% rental relief on any rental fees still payable after the rental subsidies from existing programme funding have been applied. Further details on eligibility and the application process of the rental concession and the special grant will be provided via direct communications from HKSTP. Cyberport Cyberport will grant a 75% rental concession for all Cyberport office tenants, retailers and restaurant operators, as well as Smart-Space users in Cyberport’s main campus and in Tsuen Wan. Eligible tenants are required to submit applications to Cyberport and details will be announced later via notice to tenants.
Got a great tech-idea but wondering how to start your business? The Science and Technology Entrepreneur Programme (STEP) is here to help! Organised by the Hong Kong Science & Technology Parks Corporation, the STEP aims to turn your brilliant ideas into reality and launch successful ventures. The one-year startup support programme provides HK$100,000 financial grant and all-round support, from coaching, business training to Co-working space access in 12 months, for tech-focused entrepreneurs. Application is open from 1 Sep 2020 noon to 30 Sep 2020 noon. Results will be announced in Nov 2020. Please visit the official website for further details.
Have you registered the Cash Payout Scheme and collected your HK$10,000? The Cash Payout Scheme is open for registration starting from June 21. Each Hong Kong permanent resident aged 18 or above is eligible to receive HK$10,000. For electronic registrations submitted through banks, payment will be deposited into bank accounts starting from around July 8. People who register by paper form will receive payment or notification for cheque collection simultaneously from around July 20. How do you plan to spend your money? Try to find your favourite entrepreneurial courses from our course search engine at the Career & Study sector, or check out some selected courses below and gear up for your own business! Foundation Foundation Certificate in Small Business Start-up I (Fundamental Operation) (Part-time) Content: Business opportunities ; Business Plans ; Techniques in choosing shop location ; Practical business skills ; Stock supply ; Payment methods ; Resources management ; Introduction of relevant law regulations School: - City University of Hong Kong - School of Continuing and Professional Education ; - Yan Oi Tong Training & Employment Services ; - Hong Kong College of Technology (HKCT) Foundation Certificate in Small Business Start-up II (Financial Management) (Part-time) Content: Basic financial items ; Introduction to budget ; Calculation in loan interest ; Introduction to property lease for small business ; Introduction to MPF and profit tax School: Yan Oi Tong Training & Employment Services ; - Hong Kong College of Technology (HKCT) Foundation Certificate in Brand Building Concepts (Part-time) Content: Basic knowledge in brand building ; Relationship between start-up and brand ; Brand building and positioning ; Procedures of brand building ; Brand equity ; Assessment in brand building ; Brand development and operation point School: Hong Kong College of Technology (HKCT) Online Business Foundation Certificate in Internet Business Start-up (Operation & Marketing) (Part-time) Content: Basic knowledge in online entrepreneurship and business ; Strategies in online business ; Overview of website structure and management strategy School: City University of Hong Kong - School of Continuing and Professional Education ; - Hong Kong College of Technology (HKCT); - St. James' Settlement Course on Online Store Operation Content: Trends in online marketing and social media ; How to perform the “7Ps” marketing strategies ; Guidelines and tricks in building an online store platform ; Strategies on e-commerce personalisation School: Yan Oi Tong Training & Employment Services Foundation Certificate in Internet Business Start-up (Digital Marketing in China) (Part-time) Content: Digital marketing environment in China ; Difference of digital marketing between China and Hong Kong ; Basic application of various marketing strategies in China ; Basic functions and marketing modules of “Weixin” School: Hong Kong College of Technology (HKCT) Professional Training Hong Kong Statistics for Business Content: Introduction to official statistics and sample surveys ; Population statistics and projections: Research and marketing ; Labour, price and wage statistics: Personnel management and manpower planning School: HKU School of Professional and Continuing Education (HKU SPACE) Certificate on Street Food Entrepreneurship Content: Introduction to the industry ; Skills of preparing basic sauces and seasoning ; Types of sales ; Practical production School: Yan Oi Tong Training & Employment Services Certificate on Coffee Shop Entrepreneurship Content: Case study in common operation modules of coffee shops ; Start-up planning ; Introduction to restaurant license ; employee training ; Items to note on shop location, furnishing and marketing ; Placement practice School: Yan Oi Tong Training & Employment Services
To strengthen support for SMEs and to raise SMEs’ awareness of the various funding schemes, the Government has consolidated the services of existing SME centres, including the "Support and Consultation Centre for SMEs" (SUCCESS) under the Trade and Industry Department, the "SME Centre" under the Hong Kong Trade Development Council, "SME One" under the Hong Kong Productivity Council and "TecONE" under the Hong Kong Science and Technology Parks Corporation, to provide "four-in-one" integrated services starting from 1 October 2019.Enterprises can obtain business information, funding schemes information and advisory services, etc. at any of the Centres. The SME Service Centres will also continue to organise various seminars and workshops from time to time, and provide specialised services to enterprises. SME ReachOut In addition, a dedicated service team named "SME ReachOut" has commenced operation starting from 1 January 2020 to reach out to SMEs and answer questions on funding applications, with a view to encouraging better utilisation of the support provided by the Government. For enquiries, please contact SME ReachOut hotline at 2788 6262 or email at email@example.com
Business is a massive challenge for anyone and there are many hurdles to cross before it can become a very successful and established one. There are many technical things that one needs to be aware of while running a business. Business Support There are some educational institutions which aim at providing entrepreneurship training courses for young business enthusiasts. More information about these courses can generally be found on the internet. Some recommended sites include 'EntrepreneurHK' Business Information Services *, "Meet-the-Advisors" Business Advisory Service and the startup e-books on the Hong Kong Public Libraries' e-Book platform. All these training courses can be essential in a young ambitious person’s development into a brilliant entrepreneur. Marketing Promotions Marketing is one of the major deciding factors of how a business would fare in its market. Therefore, it is essential to have effective and attractive promotions. In addition to the obvious importance of promotions, it is very important to adhere to some laws and rules such as Unsolicited Electronic Messages Ordinance, Consumer Protection Law, and Trade Descriptions etc. Once the business has developed well locally, overseas promotion and market development * can also be given a thought too for expanding the business. Social Responsibilities Social responsibilities and business ethics are two of the most important elements in the business world. It is necessary to aim for making profits but it shouldn’t be at the expense of breaking ethics or forgetting about the well-being of the society. SIE Fund aims at promoting this concept and it could be a good place to get started if you would like to know more about this topic. Wish you all the best for running your business and hope that it has a pleasant and comforting journey ahead in its development of becoming a top company! (P.S. Do look out for business traps * and don’t get fooled too easily! Take risks sensibly!) *Chinese version only