TSSSU

 

Introduction
Call for Application – TSSSU (2024/25)
2024/25 info Session *Register NOW*
Important Documents
TSSSU Awardees
Enquiries

Introduction

In 2014-15, the Innovation and Technology Commission (“ITC”) set up, under the Innovation and Technology Fund (“ITF”), the Technology Start-up Support Scheme for Universities (“TSSSU”), with the below objectives:

  • to encourage our students and faculties to start up technology businesses and commercialise their research and development (R&D) results
  • to provide better support for technology start-ups to translate new ideas into business opportunities

ITC will provide an annual funding of up to HK$8 million to each university on a reimbursement basis for expenses incurred by the University recommended technology start-ups. To further strengthen the support for start-ups, in addition to the original component of the Scheme (which will be termed “TSSSU O” hereafter), an enhancement measure will be introduced with effect from 2023-24 to provide dollar-to-dollar matching funds to those start-ups which have demonstrated good growth potential through securing investment from private sector (which will be termed “TSSSU+” hereafter). In other words, TSSSU will comprise TSSSU O and TSSSU+ starting from 2023-24, the annual funding of up to HK$16 million is provided to the University. An overview is illustrated below for reference.

 

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[1]  If a funded start-up has made reasonable progress in its R&D and/or business performance, the associated university may recommend such start-up for continued funding for the second or the third year.  The three-year period should count consecutively from the first year that a start-up is approved for TSSSU‑O or TSSSU+ funding.  If a start-up is first approved for funding in 2023-24 (Year One) and only applies for continued funding in 2025-26 (Year Three), it will not be eligible for seeking further funding in 2026-27 (Year Four).

Call for Application – TSSSU (2024/25)

1.    Eligibility:

  • The applicant technology start-up must be a company, regardless of size, registered under the Companies Ordinance. Details of the eligibility under TSSSU-O and TSSSU+ are as follows –
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2.    Assessment Criteria:

       In assessing an application, the selection panel will take into account, including but not limited to, the following criteria:

  • Innovation and Technology Content of the Business
  • Capability of the Technology Start-up and its Team Composition to Undertake the R&D Work and Manage the Company
  • Commercial Viability and the Business and Technology Barrier
  • Social and/or Community Impact of the Technology Start-up’s Business and R&D Work
  • Business Plan Write-up / Completeness

3.    Selection Process:

  • Application package submission (Annex A and related supporting documents) on or before the deadline
  • Upon receiving the complete applications, the University will verify compliance with the eligibility requirements and shortlist the start-ups for selection panel interview
  • The shortlisted technology start-ups will be invited to give a presentation on their business plan, include their plan on the deployment of the funding if awarded, to the selection panel
  • Recommendations for start-ups will be made to ITC for final approval
  • Upon receiving ITC approval, the successfully recommended technology start-ups will be notified of the amount of funding support and the reimbursable period
  • A letter of agreement will be signed between the University designated unit and the approved technology start-ups after ITC notifies HKUST for the funding support.

APPLICATION DEADLINE: 5:00 pm (Hong Kong Time) of 7 November 2023 (Tuesday)

*Note: Applicants for the 2024-25 financial year should note that the final funding requirements and related arrangements would be subjected to the final arrangement to be announced by ITC in due course.*

Information Session

Interested applicants are highly recommended to sign up for the information session to understand more about TSSSU 2024/25, details are as follows.

Date: 4 October 2023 (Wed)

Time: 2:30 pm

Venue: 1/F The Base, Academic Building (lift 29-30)

Registration: https://ust.az1.qualtrics.com/jfe/form/SV_cN5sdX96bB1qDKS

Important Documents

1.    Operation Plan of TSSSU 2024/25
2.    Application Package - Annex A
3.    CV Template - Annex A(i)
4.    Midterm/ Annual Report - Annex G
5.    Frequently asked questions - TSSSU FAQ
6.    2024/25 TSSSU Information Session - TSSSU Introduction 

Applicants should complete the Application Package - Annex A, and submit together with the required documents, on or before the application deadline:

Softcopy totsssu@ust.hk

TSSSU Awardees

2014/15

Acoustic Metamaterials Co., Ltd

Ananflow Technology Limited

Everest Innovation Technology Limited

Hong Kong Innovative Display Technology Limited

iVo Technologies Company Limited (Changed name to EMOS Technologies Inc.)

NanoBioImaging Limited

Yfisoft Limited

 

 

2015/16

Acoustic Metamaterials Co., Ltd

eTron Electronic Materials (Hong Kong) Co. Limited

Everest Innovation Technology Limited

Free Flow Technology Limited

Hong Kong Innovative Display Technology Limited

Jetcomm Technologies Limited

NanoBioImaging Limited

Sonikure Technology Limited (Opharmic Technology (HK) Limited)

Yfisoft Limited

 

 

2016/17

AIEgen Biotech Co., Ltd.

beNovelty Limited

CoilEasy Technologies Limited

Compathnion Technology Limited

DelTron Intelligence Technology Limited

Mindvivid Limited

MultiMedia Big Data Analytics Ltd.

SeaSafe

Pear Limited

NovaMatrix Limited (Changed name to Pleryon Therapeutics Limited)

 

 

2017/18

Bio-Trick Limited

Blue Innowater Co Ltd

CoilEasy Technologies Limited

Cytofluidics Biotechnology Limited

Incus Company Ltd

Light Innovation Technology Ltd

Oxpecker Labs Limited

Set Sail Venture Limited

Sundial Technology Development Limited

 

 

2018/19

3DK Tech Limited

DropX Biotech Limited

Gense Technologies Limited

I-Square technology (Hong Kong) Limited

Infitech Limited

INNOWAT Limited

iSTEM Limited

P-Sense Limited

Sourcebrella Inc Limited

WEXTECH HK LIMITED

Without Limited

 

 

2019/20

AUISET Biotechnology Company Limited

D-Engraver limited

Dayta AI Limited

DIRECT DRIVE TECHNOLOGY LIMITED

eFlexPV Ltd

ETH Smart Contract Tech Ecosystem Lrmlted

Gense Technologies Limited

Hongkong Oasis Future Technology Development Co., Limited

Horizon Biochip Limited

Infitech Limited

Levolution Technology Limited

Lisee Technology Corporation Company Limited

Ocean Science (Hong Kong) Limited

Oxpecker Labs Limited

Set Sail Venture Limited

Sinocore Biotechnology Limited

SPES Tech Limited

 

2020/21

Centauri Optics Limited

DIRECT DRIVE TECHNOLOGY LIMITED

Deltron Intelligence Technology Holdings Limited

eFlexPV Ltd

Gabi Education Limited

Horizon Biochip Limited

iPV Limited

Levolution Technology Limited

LICOOL MATERIALS TECH LIMITED

PERSPECTIVAR TECHNOLOGY INTERNATIONAL LIMITED

Raysolve Technology Company Limited

SOCIF LIMITED

SPES Tech Limited

SYNCORD 3D TECHNOLOGY LIMITED

 

2021/22

Allos Limited

Atom Semiconductor Technologies Limited

Centauri Optics Limited

Cognitact Limited

Gabi Education Limited

Global Medical Biotech Limited

iPV Limited

Hong Kong Xianxing Holdings Limited

Innoair Technology Limited

Intelligent Design Technology Limited

Intensel Limited

Luk Advisor Limited

PanopticAI Limited

PhoMedics Limited

Point Fit Technology Limited

Roumei (Hong Kong) Technology Limited

Smart Sensing Limited

Solid-X Limited

TREE BEAR Limited

 

2022/23

Allos Limited

Alt Farm Limited

AutoSafe Limited

Detect Medical Technology Limited

Gabi Education Limited

GP Nano Tech. Limited

HONMAR BIOMEDICAL Limited

Intelligent Design Technology Limited

Learnovate Technologies Limited

Meat the Next Company Limited

NOVOTISS TECHNOLOGY LIMITED

Ori-sys Technology Limited

PanopticAI Limited

PhoMedics Limited

Point Fit Technology Limited

PuroChem Limited

QUANTier Limited

TORRUS LIMITED

V Path Limited

Vidi Labs Limited

 

2023/24

TSSSU-O

Allegrow Biotech Limited

Alpha Energy IoT Limited

AutoSafe Limited

Coalot Tech Limited

Contracfy Limited

DBT Technology Limited

Detect Medical Technology Limited

Digital Continents Limited

Elevatefoods Technology Limited

Ensightful Limited

Enviridis Technology Company Limited

Environmental Sustainability Guardian Limited

FLASH Diagnostics Limited

Foundation BioTech Limited

Global Medical Biotech Limited

GP Nano Tech. Limited

Hong Kong Red Circle Technology Co., Ltd.

Learnovate Technologies Limited

Metair Limited

MetaRoom Limited

Midas Analytics Limited

Novotiss Technology Limited

Ori-sys Technology Limited

PealthMed Limited

PenTide Therapeutics Limited

PuroChem Limited

Skyland Innovation Compamy Limited

SphenoTech Co., Ltd.

TerraGreen Limited

The Five Elements Biotechnology Limited

Torrus Limited

WeShare Tech

 

TSSSU+

AUISET Biotechnology Company Limited

Binery Limited

Cognitact Limited

Dayta AI Limited

Gense Technologies Limited

imBee Limited

INFItech Limited

Innoair Technology Limited

PanopticAI Limited

PhoMedics Limited

QUANTier Limited

 

Enquiries

Email

tsssu@ust.hk

Telephone

(852) 2358 5829

Fax

(852) 2358 1493