The Innovation & Technology Venture Fund

How does the program work?

The Innovation and Technology Venture Fund is a HK$2 billion (around €230,000) government fund set up in 2016 to coinvest in technology startups with private venture capital funds on a matching basis. The aim of the fund is to encourage further private investment in local startups.

 

Notes + Additional Context

About Hong Kong's startup ecosystem (excerpt from Nesta's ‘Idea Bank’ for Local Policymakers):

Despite being a financial hub, many Hong Kong startups report problems in raising seed funding. The reasons are unclear, but one possible explanation is that the financial and real estate markets offer much more attractive investment opportunities. Whatever the cause, however, the Hong Kong government realised that additional support was needed, and so set up several investment funds, grants and loan guarantee schemes to try and improve the situation for tech startups trying to raise funds in the city. 

The Innovation and Technology Venture Fund is a HK$2 billion (around €230,000) government fund set up in 2016 to co-invest in technology startups with private venture capital funds on a matching basis. The aim of the fund is to encourage further private investment in local startups.

CURATED BY

Research Programme Coordinator – Digital Startups
Nesta
United Kingdom