Information Session │ Technology Start-up Support Scheme for Universities (TSSSU) 2023/24

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$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.

Interested applicants are highly recommended to sign up for the information session to understand more about TSSSU 2023/24.