The 10th round of HKUST Technology Start-up Support Scheme for Universities (TSSSU) 2023/24 is now calling for application. A total of funding of HK$16 million will be offered to technology start-ups formed by HKUST members (Students, Teaching/ Research Staff, Faculty and Alumni).

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.

APPLICATION DEADLINE: 26 October 2022

For more information, please visit https://okt.hkust.edu.hk/individual_page/index?id=221

Enquiries

Email: tsssu@ust.hk
Telephone: (852) 2358 5829
Fax: (852) 2358 1493

About The Hong Kong University of Science and Technology

The Hong Kong University of Science and Technology (HKUST) (https://hkust.edu.hk/) is a world-class research intensive university that focuses on science, technology and business as well as humanities and social science. HKUST offers an international campus, and a holistic and interdisciplinary pedagogy to nurture well-rounded graduates with global vision, a strong entrepreneurial spirit and innovative thinking. Over 80% of our research work were rated “Internationally excellent” or “world leading” in the Research Assessment Exercise 2020 of Hong Kong’s University Grants Committee. We were ranked 3rd in Times Higher Education’s Young University Rankings 2022, and our graduates were ranked 23rd worldwide and among the best from universities from Asia in Global Employability University Ranking and Survey 2021.