“Incubators" & "Accelerators”   Definition: Supply chain refers to various units involved in the production and sales procedures, including raw material suppliers, producers, distributors, retailers and end consumers.   More information: With funding from the Innovation and Technology Fund, the Government of the Hong Kong Special Administrative Region founded the Logistics and Supply Chain MultiTech R&D Centre (LSCM) in 2006. Since its inception, LSCM’s mission has been to foster the development of core competencies in logistics and supply chain related technologies in Hong Kong, and to facilitate the adoption of these technologies by industries in Hong Kong as well as Mainland China. Please visit https://www.lscm.hk/ for further information.   Source: Talent.gov.hk, LSCM The “Inno-dictionary” series aims to facilitate startup newbies to understand the jargons related to entrepreneurship as well as innovation and technology.

“Incubators" & "Accelerators”   Definition: Incubators are organisations which help startups to overcome business challenges and achieve stable development by providing various assistance including mentoring and co-working spaces.   Accelerators refer to programmes that aim at assisting startups to achieve rapid business growth. They would usually provide assistance such as funding support and workshops to help startups to connect with large enterprises and attract investments.   More information: According to InvestHK’s 2021 Startup Survey, the total number of locations of co-working spaces, incubators and accelerators has doubled from 62 in 2017 to 124 in 2021 despite the challenges brought by the epidemic. For more information on incubation and acceleration programmes, please visit Startmeup.hk.   Source: Talent.gov.hk, Startmeup.hk The “Inno-dictionary” series aims to facilitate startup newbies to understand the jargons related to entrepreneurship as well as innovation and technology.