Knowledge Transfer Office

Funding Opportunities

In need of funding and resources for your business start-up? Here are some funding schemes offered by Knowledge Transfer Office (KTO)/Innovation Commons or other organizations for your reference.

Three funding schemes are offered exclusively to CityU entrepreneurs. They are designed specifically to offer funding support for three stages in a start-up’s life, in a seamless and connected funding model. As a CityU member, seize the opportunity and start your entrepreneurship now!

Funding Schemes Eligibility Funding Amount
Student Early Entrepreneurship Development Scheme (SEEDS)

Objective:
To fund student projects that lead to new products or services and new intellectual property for the more substantive funding support later on

Enquiry:
Miss Dorothy Hui, KTO
Tel: 3442 6169
Email: d.hui@cityu.edu.hk
  • All CityU student teams
  • Each approved project team can receive funding support of an amount of HK$100,000 to HK$200,000.
Technology Start-up Support Scheme for Universities (TSSSU)

Objective:
To encourage university students, alumni and professors to start up technology businesses

Enquiry:
Ms Fanny Ho, KTO
Tel: 3442 6859
Email: fanny.ho@cityu.edu.hk
  • A company registered under the Companies Ordinance for not more than 2 years
  • The team forming the technology start-up may have any mix of CityU members.
  • Each selected start-up will be funded an annual funding capped at HK$1.2 million, for a maximum of 3 years.
CityUE Investment Fund

Objective:
To create a repeatable model for CityU members to innovate in an entrepreneur-friendly environment

Enquiry:
Ms Agnes Lam, CityUE
Tel: 3442 6784
Email: CIFund@cityu.edu.hk
  • A company registered under the HKSAR Companies Ordinance for not more than 5 years as of the date of application
  • At least one key person who is associated with CityU
  • Up to an amount of HK$2.5 million in exchange for a maximum of 10% interest of the company, whichever the lower.

Here is a list of funding schemes offered by different organizations that you may find it useful for your business start-up.

Funding Schemes Eligibility Funding Amount
BUD Fund (Enterprise Support Programme)

Objective:
To help individual Hong Kong (HK) enterprises in undertaking projects to develop brands, upgrade and restructure their business operations and promote sales in the Mainland market

Enquiry:
Tel: 2788 6088 / 2788 6196
Email: bud_sec@hkpc.org
  • Non-listed enterprises registered in HK
  • A maximum of 50% of the total approved project cost
  • The cumulative funding ceiling per enterprise under the BUD Fund is HK$500,000
Cyberport Creative Micro Fund (CCMF) - Cross-Boundary Programme

Objective:
To deepen participants’ experience of launching ideas in a multicultural environment and to facilitate business soft-landing and development in Mainland China, HK and overseas

Enquiry:
Tel: 3166 3900
Email: ecentre@cyberport.hk
  • Individual between the ages of 18 and 30 (inclusive)
  • Currently enrolled in or have graduated within three years from a registered post-secondary education institution in HK, or other regions in Guangdong Province
  • HK$100,000
Cyberport Creative Micro Fund (CCMF) - Hong Kong Programme

Objective:
To encourage innovation and creativity by sponsoring high potential digital tech start-up projects and business ideas

Enquiry:
Tel: 3166 3900
Email: ccmf_enquiry@cyberport.hk
  • HK Permanent ID Card holders aged between 18 and 30 years old
  • Currently enrolled in a registered post-secondary education institution in HK, or have graduated from one within the previous 3 years
  • Non-HK Permanent ID card holders aged between 18-30 years old can apply as a HK incorporated and registered company
  • HK$100,000
Cyberport University Partnership Programme (CUPP)

Objective:
To unleash participants’ full potential and gain insights into the global market

Enquiry:
Ms Fanny Ho, KTO
Tel: 3442 6859
Email: fanny.ho@cityu.edu.hk
  • Nominated by CUPP university partners
  • Teams with a maximum of 5 members from the same university
  • All team members must be between 18 and 30 years old (inclusive), and be currently enrolled students or have graduated within 3 years from the university
  • Projects must be FinTech related
  • HK$100,000 to CUPP winning teams
Enterprise Support Scheme (ESS)

Objective:
To encourage the private sector to invest in research and development (R&D)

Enquiry:
Tel: 3655 5847
Email: ess@itc.gov.hk
  • Incorporated or registered companies in HK under the Companies Ordinance
  • Not a government subvented organisation
  • Not a subsidiary of any government subvented organisation
  • Up to HK$10 million
General Support Programme (GSP)

Objective:
To support non-R&D projects that contribute to the upgrading and development of our industries as well as fostering an innovation and technology culture in HK

Enquiry:
Tel: 3655 5725
Email: enquiry@itc.gov.hk
  • An organisation in HK
  • Where the ITF funding for a project exceeds HK$30 million, approval from the Finance Committee of the Legislative Council is required
General Support Programme (GSP) - Patent Application Grant

Objective:
To assist local companies and individuals to apply for patents of their own inventions

Enquiry:
Innovation and Technology Commission
Tel: 3655 5746
or
Hong Kong Productivity Council
Tel: 2788 5958
  • All locally incorporated companies, HK permanent residents or HK residents permitted to remain in HK for not less than 7 years which/who have never owned any patents in any countries or territories before
  • A grant of not more than HK$250,000 or 90% of the sum of the total direct cost of the patent application and the administration fee charged by HKPC, whichever is the lower
Good Seed Programme

Objective:
To drive for innovative solutions from young people to tackle poverty issues and promote social inclusion

Enquiry:
Tel: 3400 2623
Email: info@goodseed.hk
  • Current students (undergraduate/ postgraduate) of local higher education institutions
  • Graduates of local higher education institutions
  • Overseas graduates with HK citizenship
  • HK$100,000
SME Development Fund (SDF)

Objective:
To provide financial support to non-profit-distributing organisations to implement projects which aim to enhance the competitiveness of HK's small and medium enterprises (SMEs) in general or in specific sectors

Enquiry:
Tel: 2398 5128
Email: sdf_enquiry@tid.gov.hk
  • Non-profit-distributing organisations, either statutory organisations or organisations registered under the laws of HKSAR
  • The maximum amount of funding support for each approved project is HK$5 million, or 90% of the approved project expenditure, whichever is the less
SME Export Marketing Fund (EMF)

Objective:
To encourage small and medium enterprises (SMEs) to expand their markets outside HK by providing financial assistance to SMEs for participation in export promotion activities

Enquiry:
Tel: 2398 5127 / 2398 5125
Email: emf_enquiry@tid.gov.hk
  • Enterprises registered in HK
  • The maximum amount of grant for each successful application will be 50% of the total approved expenditure incurred by the applicant enterprise or HK$50,000, whichever is the less
Social Innovation and Entrepreneurship Development Fund (SIE Fund)

Objective:
To support innovative ventures of different forms and stages for poverty-alleviation and prevention of social exclusion 

Enquiry:
Tel: 2165 7389
Email: siefund@eu.gov.hk
  • All interested parties, including individuals, NGOs and profit-making organisations, if they could provide innovative ideas to address poverty issues in HK
  • Diverse resources in support of research, capacity building and the entire life cycle of innovative programmes, from idea incubation and seed funding to implementation and eventual scale-up

Besides internal and external funding schemes, you could also rely on other fund raising platforms or networks for growing your business start-up.

FringeBacker is dedicated to providing a range of options for online fundraising that make it effortless and fun – from reward-based crowdfunding for creative projects, to direct fundraising for charities, to empowering people to start their own peer-to-peer fundraisers.

http://www.fringebacker.com/
The Hong Kong Business Angel Network Limited has officially registered as a non-profit organization with the mission to foster angel investment in HK.

http://hkban.org/
The Hong Kong Venture Capital and Private Equity Association was established on November 12, 1987 with the objectives of promoting and protecting the interests of the venture capital industry in HK.

http://web.hkvca.com.hk/en/index.aspx
By giving entrepreneurs everywhere a platform to launch new and groundbreaking products, Indiegogo helps surface innovations in tech, design, and much more, all before they go mainstream.

http://www.indiegogo.com/
Kickstarter helps artists, musicians, filmmakers, designers, and other creators find the resources and support they need to make their ideas a reality.

https://www.kickstarter.com/