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FAQ about Cyberport Incubation Programme

What is the difference between Cyberport Creative Micro Fund (CCMF) and Cyberport Incubation Programme (CIP)?

CCMF and CIP are two distinctive programmes. Applicants should assess their project status and needs before applying to the programme.

CCMF encourages innovation and creativity by sponsoring high potential digital tech start-up projects and business ideas. Successful applicants will receive a HK$100,000 grant over a six-month project period to produce proof of concepts and prototypes.

CIP supports entrepreneurs and start-ups with resources that aim to accelerate their growth. In addition to a range of business and professional services, incubatees get up to HK$500,000 support over 24 months.

Can I apply both CCMF and CIP at the same intake with the same project?

If an applicant with the same or similar project applying for CCMF and CIP at the same intake, Cyberport shall only consider the application of CIP without further notice.

How should I know if my company is eligible to apply for CIP?

Applicant must be a registered digital tech company limited by shares (or in progress of incorporation) and incorporated in Hong Kong less than 7 years upon application deadline. In any case of pending for incorporation in Companies Registry, the process should be completed within 30 calendar days after the application deadline. The founders of the Applicant collectively (legally and beneficially) must hold at least 51% of the company shares or absolute control of the Applicant. The passion and ambition to succeed is also important.

What is the difference between on-site and off-site incubation?

On-site incubatees get a rent-free office at Cyberport. Off-site participants have to work from their own premises.

Can I start off-site then move on-site?

Yes, if there is working space available for you at Cyberport.

How does the application process work?

Application submission before deadline > Initial screening after application deadline for eligibility check > Shortlisting eligible applicants to attend Presentation > Presentation and Vetting (shortlisted applicants only) > Results announcement > Reference check by Cyberport > Sign agreement for admission > Start incubation programme

Is there an application fee?

No, there is no fee for the application process.

What do I need to include in the application?

1. Company background
2. Project background (including market analysis)
3. Project / product information
4. Revenue / marketing plan
5. Implementation plan / development milestones
6. Financial plan
7. Core team member credentials

What do you need to know about my project?

You need to share:
1. Project title or product name
2. Detailed description of your project or product
3. The goals you want to achieve
4. The process of how you will achieve it. Uniqueness, market niche and creativity, as well as innovation, are all important to success.

Will you keep my idea a secret?

All applications are treated with strict confidentiality. Successful applicants may be required to share their ideas with a broader audience.

What should I include in my revenue and marketing plan?

You should show us your:
1. Target market and target audience
2. Business model
3. SWOT (Strength, Weakness, Opportunity, Threat) analysis

Should I share my development process?

Yes, you must include development milestones – specific, realistic action plans to reach 6-month objectives throughout the development process.

What should I include in the financial plan?

Your budget should include projected income and expenditure on a monthly basis up to product launch, or the end of the incubation period, whichever is later. Figures should realistically reflect the market situation. In general, expenditure will include personnel, equipment, marketing and other office expenses.

What other information should I share?

Your application process may have a better chance of success with:
1. A 1-minute video clip/presentation/slideshow that highlights the opportunity you foresee
2. Samples and demonstrations of your previous work, or pilot studies or research
3. Any track records, successes and relevant experience of key team members

When can I apply?

We accept applications all year round, applications received will be processed in four batches.

Where can I get more information?

You’re always welcome to contact us any time via email at cip_enquiry@cyberport.hk.

Thank you for your interest in Cyberport Incubation Programme. The application for Jun 2024 intake has been closed. The application for next intake will be opened soon. Should you have any enquiries, please contact us via email at cip_enquiry@cyberport.hk.

If you would like to learn more about the programme, please register for the online Programme Information & Sharing Session. Click HERE for details.

CyberLink Vol. 187 Apr 2024
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