RAISe+ Project Fund
About HKUST RAISe+ Project Fund
The Hong Kong University of Science and Technology has established a HK$100 million RAISe+ Project Fund (RPF) to support university projects under the Research, Academic and Industry Sectors One-plus Scheme (RAISe+). The Fund is capitalised from the University's equity holdings in earlier HKUST start-up.
RAISe+ is a HK$10 billion initiative launched by the Innovation and Technology Commission (ITC) to support strategic research and development projects with strong potential for real-world impact.
RAISe+ Government Funding Arrangement:
|
Matching Ratio (Government : Contribution) |
Source of Contribution | |
| Stage 1 | Up to 2:1 | Industry and University |
| Stage 2 | 1:1 | Industry Capital only |
HKUST RPF Support:
- All HKUST project teams would be eligible for the funding upon ITC’s approval of the project under RAISe+
- Invests through HKUST R and D Corporation Limited by way of equity
Assessment & Selection Process:
1. HKUST’s Assessment and Recommendation
- Assessment by an external review panel
- Shortlisting and recommendation of suitable projects
Seek approval from the Investment Sub-Committee for RPF’s commitment of HK$2m per project
2. ITC Assessment
- Review by ITC and its external expert panels
- According to the prevailing RAISe+ Guidelines
- ITC-approved projects will be automatically eligible for RPF’s investment, subject to execution of investment agreements
Draft Investment Agreements:
1. Shares Subscription Agreement
2. Shareholders’ Agreement
Contact/Enquiries
Please send your questions to:
Office of Knowledge Transfer
The Hong Kong University of Science and Technology
email: rpf@ust.hk