Since 2011, PolyU has been funding, mentoring and providing students and young graduates with incubation support through the PolyU Micro Fund Scheme, so they can embrace their entrepreneurial goals.
(a) ENTREPRENEURSHIP GRANTS
Under the ethos and spirit of ‘Do Well Do Good’, the University offers different entrepreneurship funding schemes since 2011 targeting specific market segments and phases of the early-stage start-up value chain, partnering with government and government-supported incubation funding agencies such as HKSTP, the Innovation and Technology Commission (ITC) and the Home Affairs Bureau (HAB). Leveraging its partners’ funding and incubation support, current funding schemes offer grants of more than HK$10 million per year, supporting around 50 early-stage start-ups and student entrepreneurship projects. As of 31 March 2020, PolyU has supported more than 270 start-up ventures.
- PolyU Student Entrepreneurial Proof-of-Concept (POC) Funding Scheme
- PolyU Micro Fund Scheme
- PolyU Maker Fund Programme (under Youth Development Fund - YDF)
- PolyU Tech Launchpad Fund (TLF) Scheme (under Technology Start-up Support Scheme for Universities - TSSSU)
(b) INVESTMENT FUND
In order to provide further funding support to impactful PolyU start-ups and spin outs, a new investment fund, PolyU Entrepreneurship Investment Fund, is now being rolled out to support their scale-up and further development, along with co-investment partners.