In 2014/15, a new Technology Start-up Support Scheme for Universities (TSSSU), under the Innovation and Technology Fund (ITF) was launched by the Innovation and Technology Commission (ITC), 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$4 million to each university on a reimbursement basis for expenses incurred by the University recommended technology start-ups during the 2019-20 Government financial year.
 The two-year eligibility requirement does not apply to a technology start-up which has been recommended for the TSSSU funding for the second or the third year.
2. Assessment Criteria:
In assessing an application, the selection panel will take into account, including but not limited to, the following criteria:
3. Selection Process:
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: 23 November 2018
*Note: Applicants for the 2019-20 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.*
1. Operation Plan of TSSSU 2019/20
Applicants should complete the Application Package - Annex A and Annex A(i), and submit together with the required documents, on or before the application deadline:
Softcopy to: firstname.lastname@example.org
THE HKUST ENTREPRENEURSHIP PROGRAM
For any applicants interested in applying an incubation space in HKUST, welcome to join the HKUST Entrepreneurship Program. Please indicate your interests in the Application Package Annex A(i). For details of the HKUST Entrepreneurship Program, please visit: http://rdc.ust.hk/ep.html