FOR HKUST MEMBER

Research, Academic and Industry Sectors One-plus Scheme (RAISe+)

Key Features:

  • Maximum funding support: HK$100 million per project
  • Two Stages:

          - First stage (transformation and realization of R&D outcomes);

          - Second stage (initiation of the commercialization of R&D outcomes).

     Depending on the maturity of the transformation of its R&D outcomes, applicants may join the Scheme starting from either the first or the second stage.

  • Matching Ratio:

         - The First Sage: up to 2 (Government) : 1 (industry and university)

         - The Second Stage: 1 (Government) : 1 (industry)

  • Maximum Project Duration:

         - Applicants should complete their projects in two stages within around five years

            a. The first stage within around three years; and

            b. The second stage within the remaining time frame of the project.

         - Applicants joining the Scheme from the second stage shall complete their projects within three years.

  • Industry Sponsorship: Mandatory 
  • Intellectual Property: University teams/ inventors should be entitled to no less than 70% of the IP benefits (for IPs generated by the teams/ inventors during the project period). 

 

Application Eligibility

  • ITC will organize ONE application solicitation exercise every twelve months, usually in September or October each year. For each exercise, each university is allowed to submit up to 15 projects to ITC. The third application solicitation period is from 11 September 2025 to 31 October 2025.
  • The University serves as the applicant, while approved projects will be executed by the research/ startup teams.
  • The project team may have any mix of the following members of the University -

          a. Undergraduates, postgraduates or alumni; and/or

          b. Professor(s) or other faculty members

  • Project teams from InnoHK centres (excluding those R&D outcomes which were subsidized), and existing companies which were registered for not more than 7 years as of the deadline of the application call exercise are also eligible for the application.
  • A person-in-charge ("PIC") must be appointed for each team who should be associated with the University, hold a senior position in the team, engage in the team's business, and be responsible for overseeing and liaising the RAISe+ funding and project operation matters.
  • Please read the following documents:

          Funding and Administrative Guidelines for RAISe+ (Sep 2025 version)

          Application Form (Sep 2025 version)

Assessment

  • ITC, as well as its external expert panels, will review the University's recommended projects based on their technical and business merits.
  • The applications will be assessed in accordance with the following criteria and weightings in the first stage and second stage respectively:
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The second batch RAISe+ Scheme Project Result 

Visit this Page for the full list.

HKUST DeepTech Projects Submission Form