For funding relating to technology transfer, the Technology Transfer Center (TTC) administers two funding programs, namely the Proof-of-Concept Fund (PCF) and the Technology Start-up Support Scheme for Universities (TSSSU). Other various funding programs relating to research are administered by the Research Office under the Office of the Vice-President for Research & Graduate Studies.
PCF - Programme Introduction and related technologies
The Proof-of-Concept Fund (PCF) was first implemented at HKUST in 2009-2010, with the support of the Knowledge Transfer Fund provided by the University Grants Committee of Hong Kong government and HKUST R and D Corporation Ltd. It aims at providing gap funding to enable pre-commercialization development of promising, cutting-edge technologies emerging from the University’s research on a timely basis.
Please click here for more details. ( http://ttc.ust.hk/index.php?specpage=page&id=6 )
TSSSU - Programme Introduction, Startups and related technologies
In 2014/15, a new Technology Start-up Support Scheme for Universities (TSSSU), under the Innovation and Technology Fund (ITF) was launched by the Innovation and Technology Commission (ITC), with the below objectives:
- to encourage our students and faculties to start up technology businesses and commercialize 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$4 million, initially for three years, to each university on a reimbursement basis for expenses incurred in the 2014-15, 2015-16 and 2016-17 Government financial years. The University may recommend technology start-up(s) for continued funding up to three years.
Please click here for more details. (https://kt.ust.hk/en/events/technology-start-support-scheme-universities-tsssu-201920 )