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Dear Colleagues and Students,
CityU Enterprises Ltd, the extension arm of City University that helps to commercialize research outcomes, technologies and innovations through technology transfer and the development of viable businesses in the community, has welcomed two new companies in the past few months.
The anxious wait is finally over, sort of. On 9 May, the University Grants Committee (UGC) formally notified CityU that 13 of its 19 associate degree (AD) programmes would be cut off from government funding by 2008. Only six* will retain public support. The withdrawal process is to begin as early as in 2004-05 and end, within a more accelerated timeframe than previously expected, by 2007-08.