TSSSU
Introduction
Call for Application – TSSSU (2024/25)
2024/25 info Session *Register NOW*
Important Documents
TSSSU Awardees
Enquiries
Introduction
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).
Call for Application – TSSSU (2024/25)
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.
APPLICATION DEADLINE: 5:00 pm (Hong Kong Time) of 7 November 2023 (Tuesday)
*Note: Applicants for the 2024-25 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 2024/25, details are as follows.
Date: 4 October 2023 (Wed)
Time: 2:30 pm
Venue: 1/F The Base, Academic Building (lift 29-30)
Registration: https://ust.az1.qualtrics.com/jfe/form/SV_cN5sdX96bB1qDKS
Important Documents
1. Operation Plan of TSSSU 2024/25
2. Application Package - Annex A
3. CV Template - Annex A(i)
4. Midterm/ Annual Report - Annex G
5. Frequently asked questions - TSSSU FAQ
6. 2024/25 TSSSU 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 to: tsssu@ust.hk
TSSSU Awardees
2014/15
Acoustic Metamaterials Co., Ltd
Ananflow Technology Limited
Everest Innovation Technology Limited
Hong Kong Innovative Display Technology Limited
iVo Technologies Company Limited (Changed name to EMOS Technologies Inc.)
NanoBioImaging Limited
Yfisoft Limited
2015/16
Acoustic Metamaterials Co., Ltd
eTron Electronic Materials (Hong Kong) Co. Limited
Everest Innovation Technology Limited
Free Flow Technology Limited
Hong Kong Innovative Display Technology Limited
Jetcomm Technologies Limited
NanoBioImaging Limited
Sonikure Technology Limited (Opharmic Technology (HK) Limited)
Yfisoft Limited
2016/17
AIEgen Biotech Co., Ltd.
beNovelty Limited
CoilEasy Technologies Limited
Compathnion Technology Limited
DelTron Intelligence Technology Limited
Mindvivid Limited
MultiMedia Big Data Analytics Ltd.
SeaSafe
Pear Limited
NovaMatrix Limited (Changed name to Pleryon Therapeutics Limited)
2017/18
Bio-Trick Limited
Blue Innowater Co Ltd
CoilEasy Technologies Limited
Cytofluidics Biotechnology Limited
Incus Company Ltd
Light Innovation Technology Ltd
Oxpecker Labs Limited
Set Sail Venture Limited
Sundial Technology Development Limited
2018/19
3DK Tech Limited
DropX Biotech Limited
Gense Technologies Limited
I-Square technology (Hong Kong) Limited
Infitech Limited
INNOWAT Limited
iSTEM Limited
P-Sense Limited
Sourcebrella Inc Limited
WEXTECH HK LIMITED
Without Limited
2019/20
AUISET Biotechnology Company Limited
D-Engraver limited
Dayta AI Limited
DIRECT DRIVE TECHNOLOGY LIMITED
eFlexPV Ltd
ETH Smart Contract Tech Ecosystem Lrmlted
Gense Technologies Limited
Hongkong Oasis Future Technology Development Co., Limited
Horizon Biochip Limited
Infitech Limited
Levolution Technology Limited
Lisee Technology Corporation Company Limited
Ocean Science (Hong Kong) Limited
Oxpecker Labs Limited
Set Sail Venture Limited
Sinocore Biotechnology Limited
SPES Tech Limited
2020/21
Centauri Optics Limited
DIRECT DRIVE TECHNOLOGY LIMITED
Deltron Intelligence Technology Holdings Limited
eFlexPV Ltd
Gabi Education Limited
Horizon Biochip Limited
iPV Limited
Levolution Technology Limited
LICOOL MATERIALS TECH LIMITED
PERSPECTIVAR TECHNOLOGY INTERNATIONAL LIMITED
Raysolve Technology Company Limited
SOCIF LIMITED
SPES Tech Limited
SYNCORD 3D TECHNOLOGY LIMITED
2021/22
Allos Limited
Atom Semiconductor Technologies Limited
Centauri Optics Limited
Cognitact Limited
Gabi Education Limited
Global Medical Biotech Limited
iPV Limited
Hong Kong Xianxing Holdings Limited
Innoair Technology Limited
Intelligent Design Technology Limited
Intensel Limited
Luk Advisor Limited
PanopticAI Limited
PhoMedics Limited
Point Fit Technology Limited
Roumei (Hong Kong) Technology Limited
Smart Sensing Limited
Solid-X Limited
TREE BEAR Limited
2022/23
Allos Limited
Alt Farm Limited
AutoSafe Limited
Detect Medical Technology Limited
Gabi Education Limited
GP Nano Tech. Limited
HONMAR BIOMEDICAL Limited
Intelligent Design Technology Limited
Learnovate Technologies Limited
Meat the Next Company Limited
NOVOTISS TECHNOLOGY LIMITED
Ori-sys Technology Limited
PanopticAI Limited
PhoMedics Limited
Point Fit Technology Limited
PuroChem Limited
QUANTier Limited
TORRUS LIMITED
V Path Limited
Vidi Labs Limited
2023/24
TSSSU-O
Allegrow Biotech Limited
Alpha Energy IoT Limited
AutoSafe Limited
Coalot Tech Limited
Contracfy Limited
DBT Technology Limited
Detect Medical Technology Limited
Digital Continents Limited
Elevatefoods Technology Limited
Ensightful Limited
Enviridis Technology Company Limited
Environmental Sustainability Guardian Limited
FLASH Diagnostics Limited
Foundation BioTech Limited
Global Medical Biotech Limited
GP Nano Tech. Limited
Hong Kong Red Circle Technology Co., Ltd.
Learnovate Technologies Limited
Metair Limited
MetaRoom Limited
Midas Analytics Limited
Novotiss Technology Limited
Ori-sys Technology Limited
PealthMed Limited
PenTide Therapeutics Limited
PuroChem Limited
Skyland Innovation Compamy Limited
SphenoTech Co., Ltd.
TerraGreen Limited
The Five Elements Biotechnology Limited
Torrus Limited
WeShare Tech
TSSSU+
AUISET Biotechnology Company Limited
Binery Limited
Cognitact Limited
Dayta AI Limited
Gense Technologies Limited
imBee Limited
INFItech Limited
Innoair Technology Limited
PanopticAI Limited
PhoMedics Limited
QUANTier Limited
Enquiries
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Telephone |
(852) 2358 5829 |
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Fax |
(852) 2358 1493 |