Launched in 2014, TSSSU provides funding to six universities to support their teams in starting technology businesses and commercialising their research and development (R&D) results. In addition to the original component of the Scheme (TSSSU-O), an enhancement measure (TSSSU+) 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.
Key details
Max amount per application
HK$1,500,000
Max amount cumulative
HK$16,000,000
Grant type
Project-based Funding,Cash grant on matching basis,Cash grant on reimbursement,Cash grant with initial payment
A technology start-up will be eligible to apply if –
1. it is registered in Hong Kong under the Companies Ordinance for not more than two years (for TSSSU-O) or not more than seven years (for TSSSU+) as of the date of the application deadline;
2. the team forming the start-up may have any mix of the following members of the relevant universities –
a. undergraduates, postgraduates or alumni; and/or
b. professor(s) or other faculty members serving as consultant(s) providing technical expertise and direction of the R&D; and
3. the amount of private investment it has secured during the recognized matching period is no less than the amount of funding it intends to apply for (for TSSSU+ applicants only).
Funder
Type of funder
Government
Known successful applicants
AI Academy Limited, BinoViz Limited, PATech Limited, 3DK Tech Limited, LuminMed Limited
