Technology Start-up Support Scheme for Universities (TSSSU)
The team forming the technology start-up may have any mix of the following members of CityU:
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Current undergraduates or postgraduates; and/or
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Full-time professor(s) to serve as consultant(s), providing technical expertise and direction of the R&D work; and/or
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CityU alumni who graduated on or after 1 January 2013 (not applicable to existing CityU TSSSU recipients).
The start-up must be a company registered under the Companies Ordinance for not more than 2 years (This requirement does not apply to start-ups recommended for the TSSSU funding for the second or third year).
Application deadline
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Application form (Annex A) with supporting documents mentioned in Section C – signed original, and
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3-year budget plan, and
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Copy of student/staff card or graduation certificate
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Before 5pm, 8 December 2017
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Interview of applicants
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December 2017 / January 2018
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Result announcement
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February/March 2018
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Submission of:
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Quarterly report
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Reimbursement request form
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First quarter (April – June) : 31 July 2018
Second quarter (July – September) : 31 Oct 2018
Third quarter (October – December) : 31 January 2019
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Submission of:
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Annual report
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Reimbursement request form
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Audited accounts of expenditure
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Auditor’s report
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31 May 2019
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the innovation and technology content of the business;
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the commercial viability of the business;
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the sustainability of the business;
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the capability of the technology start-up and its team to undertake the R&D work and manage the company;
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the social and/or community impact of the technology start-up’s business and R&D work;
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the use of intellectual property rights (IPRs) of CityU; and
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any other criteria that CityU sees fit
Frequently Asked Questions
Q: I am a graduate from CityU, am I eligible for the scheme?
A: CityU alumni who have graduated for not more than 5 years are eligible, i.e graduated on or after 1 January 2013.
Q: How will the reimbursement be arranged?
A: Reimbursement will be made on a quarterly basis. Quarterly report and reimbursement request have to be submitted to CityU’s Knowledge Transfer Office before deadline.
Q: What kind of expenditure cannot be reimbursed?
A: If the items are already funded by CityU, the Government, a Government subvented body/institution or third parties, those items will NOT be funded under TSSSU. There are some more examples of items not to be funded under TSSSU stated in the Guidelines.
Q: How many applicants will be selected per year?
A: There is no limit on the number of selected applicants. The total annual funding for CityU is HK$4 million. The amount of funding for each start-up is capped at HK$1.2 million.
Q: Does the existing funded start-up need to apply for TSSSU funding again?
A: Yes.
Q&A issued by ITC
Enquiry
Ms. Fanny Ho
Email: fanny.ho@cityu.edu.hk
Tel: (852) 3442 6859