The Innovation and Technology Commission announced today (October 14) that the Pilot Innovation and Technology Accelerator Scheme (PITAS) Assessment Committee (the Assessment Committee) under the Innovation and Technology Fund has supported in principle nine applications. The list is as follows:
 

• BJ-HK-SZ Innotech Accelerator Limited
• China Outbound Accelerator Limited
• China Resources Corporate Services (HK) Limited
• Hong Kong Branch of The National Torch Academy of Innovation and Entrepreneurship Co., Limited
• Surrich Consulting Co., Limited
• Tenwings Accelevator Company Limited
• ventureLAB Smart City Accelerator Limited
• Xi'an Jiaotong University Hong Kong Institute of Advanced Studies Co., Limited
• Zhong Xing No.1 Investment Fund Limited

     The Secretary for Innovation, Technology and Industry, Professor Sun Dong, said, "The nine selected organisations possess extensive networks and resources in areas such as AI, robotics, biomedicine, new energy and new materials. They will provide value-added services including co-working space, research and development support, investment matching and market development to accelerate the growth of innovation and technology (I&T) companies in Hong Kong. The Hong Kong Special Administrative Region Government will continue to enhance the I&T ecosystem and develop Hong Kong into an international I&T centre."

     PITAS aims to attract professional I&T enterprise 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 expertise, support the development and needs of I&T enterprises in a more comprehensive and targeted manner. 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 project duration is up to three years. 

     Upon its launch, PITAS received an enthusiastic response with over 50 applications. The Assessment Committee selected the above nine organisations for funding support based on a series of assessment criteria, including the experience of I&T enterprise service providers, operational models, capital and resources, quality of the management and project teams, and expected benefits to the I&T ecosystem in Hong Kong, etc.

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

Ends/Wednesday, October 14, 2026
Issued at HKT 14:00

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