TSSSU (2023/24) – Call for Application

Important Documents



In 2014-15, the Innovation and Technology Commission (“ITC”) set up, under the Innovation and Technology Fund (“ITF”), the Technology Start-up Support Scheme for Universities (“TSSSU”), with the below objectives:

  • to encourage our students and faculties to start up technology businesses and commercialise their research and development (R&D) results
  • to provide better support for technology start-ups to translate new ideas into business opportunities

ITC will provide an annual funding of up to HK$8 million to each university on a reimbursement basis for expenses incurred by the University recommended technology start-ups. To further strengthen the support for start-ups, in addition to the original component of the Scheme (which will be termed “TSSSU O” hereafter), an enhancement measure 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 (which will be termed “TSSSU+” hereafter). In other words, TSSSU will comprise TSSSU O and TSSSU+ starting from 2023-24, the annual funding of up to HK$16 million is provided to the University. An overview is illustrated below for reference.




[1]  If a funded start-up has made reasonable progress in its R&D and/or business performance, the associated university may recommend such start-up for continued funding for the second or the third year.  The three-year period should count consecutively from the first year that a start-up is approved for TSSSU‑O or TSSSU+ funding.  If a start-up is first approved for funding in 2023-24 (Year One) and only applies for continued funding in 2025-26 (Year Three), it will not be eligible for seeking further funding in 2026-27 (Year Four).


TSSSU (2023/24) – Call for Application

1.    Eligibility:

  • The applicant technology start-up must be a company, regardless of size, registered under the Companies Ordinance. Details of the eligibility under TSSSU-O and TSSSU+ are as follows –



2.    Assessment Criteria:

       In assessing an application, the selection panel will take into account, including but not limited to, the following criteria:

  • Innovation and Technology Content of the Business
  • Capability of the Technology Start-up and its Team Composition to Undertake the R&D Work and Manage the Company
  • Commercial Viability and the Business and Technology Barrier
  • Social and/or Community Impact of the Technology Start-up’s Business and R&D Work
  • Business Plan Write-up / Completeness

3.    Selection Process:

  • Application package submission (Annex A and related supporting documents) on or before the deadline
  • Upon receiving the complete applications, the University will verify compliance with the eligibility requirements and shortlist the start-ups for selection panel interview
  • The shortlisted technology start-ups will be invited to give a presentation on their business plan, include their plan on the deployment of the funding if awarded, to the selection panel
  • Recommendations for start-ups will be made to ITC for final approval
  • Upon receiving ITC approval, the successfully recommended technology start-ups will be notified of the amount of funding support and the reimbursable period
  • A letter of agreement will be signed between the University designated unit and the approved technology start-ups after ITC notifies HKUST for the funding support.



*Note: Applicants for the 2023-24 financial year should note that the final funding requirements and related arrangements would be subjected to the final arrangement to be announced by ITC in due course.*

Information Session

Interested applicants are highly recommended to sign up for the information session to understand more about TSSSU 2023/24, details are as follows.

Date: 29 September 2022 (Thu)

Time: 4:00 pm

Format: Zoom Webinar

Registration: https://hkust.zoom.us/webinar/register/WN_ZPhatustQvqbAXMy6LQZqQ

Important Documents

1.    Operation Plan of TSSSU 2023/24
2.    Application Package - Annex A
3.    CV Template - Annex A(i)
4.    Midterm/ Annual Report - Annex G
5.    Frequently asked questions - TSSSU FAQ
6.    Information Session - TSSSU Introduction


Applicants should complete the Application Package - Annex A, and submit together with the required documents, on or before the application deadline:

Softcopy totsssu@ust.hk





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