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Fig. 4 No. of company completed each IncuTech milestone assessment.
For Product and Business Development, it depends on HKSTP regular incubation milestone assessment.
Therefore, the milestone assessment will be performed in the 3rd month after admission of the programme.
HKSTP regular incubation milestone assessment for 94 startup companies, they completed all milestone assessment within 3 years (Fig. 4), under Incu-Tech schemes have assessed and the following characteristics are observed.
Those incubatees have got good performance under HKSTP milestone assessment and then nominated for HKQAA Registration Startup scheme.
Those potential incubatees had passed HKSTP milestone assessment with good evaluation results and highly potential for acceleration.
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HKSTP incubation team will check their performance according to the submitted plan through milestone assessments.
HKSTP Incubation Programmes have quality assurance mechanism to guide and assist startups through regularly milestone assessments.
We observed that many startup milestone assessments in Headcount and Sales Revenue did not meet as they planned (Fig. 5).
Within 3 years incubation period, there are five milestone assessments and each assessment per 6 months as the 6th, 12th, 18th, 24th and 30th month (Fig. 4).
Within 3 years incubation period, there are seven milestone assessments and each assessment per 6 months as the 6th, 12th, 18th, 24th, 30th, 36th and 42nd month.
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