New round of Rental Concessions Support Start-ups
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 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 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.