Startups
Major service
5 major areas of government funding
Corporate Finance Advisory
Technology Start-up Support Scheme for Universities (TSSSU)
TSSSU provides funding to six universities8 to support their teams in starting technology businesses and commercialising their research and development (R&D) results. The scope of funding includes essential items for setting up and operating the start-ups (e.g. furniture and equipment, legal and accounting services, rental of necessary and suitable premises, manpower, etc.), expenditure on R&D, promotion activities and marketing of their R&D deliverables, products or services. The provision of funding: funding is provided to the universities on a reimbursement basis after the close of each Government financial year.
Commercialization of R&D achievements
R&D expenditure
promotional activity
Studio equipment
For more details on the funding schemes , please visit the Innovation and Technology Commission or contact us
Eligibility
-
A company incorporated in Hong Kong under the Companies Ordinance and established for no more than two years;
-
The team for the establishment of technology start-ups can be freely combined by university students and professors:
-
Undergraduate, graduate or alumni; and/or
-
A professor who advises on technical knowledge and R&D direction as a consultant.
-
Scope of funding
-
Each of the six local universities can receive a subsidy of up to $4 million per year; each start-up enterprise can receive a subsidy of up to $1.2 million per year for a period not exceeding three years;
-
The six local universities are the University of Hong Kong, The Chinese University of Hong Kong, City University of Hong Kong, Hong Kong University of Science and Technology, Hong Kong Baptist University and Hong Kong Polytechnic University;
-
The scope of funding includes the necessary expenditures for the establishment and operation of technology start-ups (such as furniture and equipment, legal and accounting services, suitable premises for renting, manpower, etc.), research and development expenses, publicity activities and their research and development results, the market for products or services Promotion work
