Supporting Tech Start-ups – Innovation and Technology Venture Fund

Bygowin

Programme highlights

  1. The fund co-invests in eligible local innovation and technology start-ups.
  2. Co-investment at about 1 (ITVF) to 2 (co-investment partner)
  3. Matching cap of the Innovation and Technology Venture Fund Company:
  • Total co-investment with the same co-investment partnercapped at HK$400 million;
  • The cap on total investment in the same company isHK$50 million; and
  • Each single investment in a company shall notnot more than (i) 40% of the investment the company is seeking, or (ii) HK$30 million, whichever is lower.

Eligibility

The Innovation and Technology Venture Fund, through a dedicated company, co-invests with selected venture-capital partners in eligible local innovation and technology start-ups.

An eligible local innovation and technology start-up must meet the following –

  1. The enterprise, or a Hong Kong company it wholly owns, was incorporated under the Companies Ordinance within the past seven years, and one of its offices, its main operations, or its main management or leadership team is in Hong Kong.
  1. The enterprise or its subsidiary, if any, is in innovation and technology, which may cover any part of research, development or the production chain carried out in Hong Kong; and
  1. The enterprise and its subsidiaries, if any, have fewer than 250 employees in total, counting offices in Hong Kong, the Mainland and overseas.

Application deadline

Applications accepted year-round