Hong Kong, 12 October 2026 — The "Green Accelerator" (GA) today announced the signing of a Memorandum of Understanding (MoU) with Hong Kong Science and Technology Parks Corporation (HKSTP). The partnership will bring together GA's leading expertise in integrating green finance and green technology resources as well as HKSTP's extensive innovation and technology (I&T) ecosystem, to develop application scenarios and incubate green tech companies in Hong Kong and beyond. Together, the two organisations will help greentech enterprises cross the commercialization threshold, transform cutting-edge technologies into scalable and bankable projects ready for international financing.
The MoU signing was jointly witnessed by Ms Cordelia Chung, Chairman of HKSTP, and Dr Ma Jun, Chairman of Green Accelerator. The MoU was signed on behalf of the two parties by Mr Terry Wong, CEO of HKSTP, and Mr Philip Ng, Chief Technology Officer of Green Accelerator.
Under the MoU, HKSTP and GA will deepen collaboration to identify and nurture high-potential green tech ventures, helping them explore local and international markets, capture commercial opportunities and expand their real-world applications. HKSTP will recommend standout green tech ventures to participate in the "Green Accelerator" programme, enhancing their financing prospects and accelerating their path to commercialization globally.
To ensure effective implementation, the two teams will meet regularly with industry experts, ecosystem partners, and industry stakeholders to connect innovation and technology with financiers and capital markets. HKSTP will also provide GA with access to designated premises as platforms and venues for business and engagement.
Launched in Hong Kong in September 2026, GA is a non-profit platform supported by philanthropic funding, dedicated to developing green project pipelines in areas such as energy transition, water security & climate resilience, circular economy, and sustainable food systems. By deploying philanthropic capital to support project preparation and technical development, GA transforms proven green solutions into high-quality, bankable projects that align with international investment standards.
Ms Cordelia Chung, Chairman of HKSTP, remarked: “As the global green transition reaches a critical phase, HKSTP helps I&T enterprises cross the 'Valley of Death' by providing real-world validation environments and targeted business matching, fully aligning with the Policy Address and Hong Kong's first Five-Year Plan. Capitalising on the rapid development of the Northern Metropolis, we continue to nurture green tech ventures, expanding application scenarios to translate cutting-edge innovation into tangible decarbonisation results for Hong Kong’s 2050 carbon neutrality goal. Our partnership with GA completes our full-chain support from R&D to project financing, turning Hong Kong's innovation strength into tangible outcomes while embodying our 'Broad and Deep, Far yet Near' vision through deepening tech-industry convergence and expanding our global footprint to bring green technology to communities near and far.”
Dr Ma Jun, Chairman of Green Accelerator, stated: "Globally, particularly across the Global South, a primary bottleneck for green investment is the shortage of bankable projects. The Green Accelerator is designed to alleviate this bottleneck by leveraging philanthropic capital to identify appropriate green technologies, transforming them into projects that meet standards of international financial institutions. We look forward to comprehensive collaboration with HKSTP to enable green projects to secure pilot applications in Hong Kong before expanding overseas, fully maximizing Hong Kong's green tech and finance strengths."
