​The Innovation and Technology Commission today (January 29) launched the Pilot Innovation and Technology Accelerator Scheme (PITAS) to provide funding support for innovation and technology (I&T) enterprise service providers to set up accelerator bases in Hong Kong. Eligible I&T enterprise service providers are welcome to apply by April 30, 2026.

     "The Chief Executive announced the $180 million Pilot Innovation and Technology Accelerator Scheme in his Policy Address, which aims to attract more professional start-up service providers with proven track records in and beyond Hong Kong to set up accelerator bases in Hong Kong and, through their business networks and experience, support the development and needs of start-ups in a more comprehensive and targeted manner," a spokesman for the Commission said.

     Under PITAS, the Government will provide funding support on a one‑to‑two matching basis between the Government and the service provider to cover the necessary expenditure for establishing and operating an I&T accelerator to a ceiling subsidy of $30 million. The Commission has set up the Assessment Committee, comprising members with extensive experience in technology and business development to assess applications. Assessment criteria include the experience of I&T enterprise service providers, operational models, capital and resources, quality of the management and project teams, and benefits to the I&T ecosystem in Hong Kong.

     Details are available at the Innovation and Technology Fund website (www.itf.gov.hk/en/funding-programmes/supporting-start-ups/pitas). For enquiries, please contact the Secretariat of PITAS (Tel: 3543 5904; email: pitas@itc.gov.hk).

Ends/Thursday, January 29, 2026
Issued at HKT 16:00

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