# Hong Kong Science and Technology Parks

Hong Kong Science and Technology Parks is an Asset Manager based in New Territories, Hong Kong.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New Territories, Hong Kong
- **Region:** Asia
- **Address:** Hong Kong Science Park, Pak Shek Kok, Sha Tin, New Territories, Hong Kong
- **Founded:** 2001
- **Assets under management:** Undisclosed
- **Website:** hkstp.org
- **LinkedIn:** https://www.linkedin.com/company/hong-kong-science-&-technology-parks-corporation

## Regulatory record

- **Reports private funds:** No

## About

Hong Kong Science & Technology Parks Corporation (HKSTP) connects stakeholders, facilitates knowledge transfer and nurtures talents to accelerate technological innovation and commercialisation. It has been cultivating successful I&T startups and companies since 2002, forming strong local and international partnership networks and creating a thriving I&T hub in Hong Kong. HKSTP is the region's largest government-owned technology incubator and empowers over 300 biotech ventures from 25 countries/regions with comprehensive support.

## Sectors

- Real Estate
- Life Sciences
- AI/ML
- Robotics & Automation
- FinTech
- Smart City

## Offices

- Kowloon Tong, Hong Kong
- Tai Po, Hong Kong
- Tseung Kwan O, Hong Kong
- Yuen Long, Hong Kong
- Futian, Shenzhen, China
- Lok Ma Chau Loop, Hong Kong

## People

- Sunny Chai Ngai Chiu — Chairman of the Board of Directors
- Terry Wong — Chief Executive Officer
- Daryl Ng Win Kong — Board Member

## Questions

### Who runs investment decisions at Hong Kong Science and Technology Parks?

HKSTP is governed by a Board of Directors chaired by Sunny Chai. Day-to-day management falls to CEO Terry Wong. The Corporation's Corporate Venture Fund operates under the board's strategic direction; co-investment decisions in the newly launched HK$1 billion fund will follow public-private matching criteria tied to park tenancy.

### How does HKSTP source deal flow?

Its primary sourcing channel is physical tenancy — companies must operate at a Science Park or InnoPark site to access incubation, venture-matching, and co-investment programs. HKSTP also sources through corporate co-innovation programs with partners like AstraZeneca and China Resources, and through the 'Beyond Dreams' talent initiative that embeds graduates in Mainland technology companies.

### Is HKSTP a venture capital firm or a real estate company?

Neither purely. It is a statutory body that derives revenue from rental income across six estates, but it also makes direct equity co-investments and runs incubation and acceleration programs. The model blends property management, ecosystem development, and public-policy execution — closer to Singapore's JTC Corporation than to a private venture fund.

### What investment stages does HKSTP target?

Incubation and acceleration programs target seed-stage through growth-stage companies. The new co-investment fund explicitly targets Series B and later rounds for park tenants, marking a shift toward scaling capital rather than early-stage grants.

### How is HKSTP related to the Hong Kong government?

HKSTP is wholly owned by the Hong Kong government, with the Financial Secretary as the sole shareholder. It reports to the Innovation and Technology Commission. Its chairman serves on the Chinese People's Political Consultative Conference National Committee, reinforcing the policy alignment of its operations.

### Which sectors does HKSTP avoid?

HKSTP does not explicitly exclude sectors, but its physical infrastructure and programming are designed for deep-tech and hardware-intensive verticals. Lightweight software or consumer-internet startups lacking hardware or prototyping needs are not a natural fit for its estates.

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Last updated: 2026-08-11T15:07:05.535Z

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