Angel Fund Scheme launched to accelerate PolyU tech startups
PolyU startup develops advanced spectacle lens for myopia control with ultra-precision machining technology
To reinforce its commitment to supporting entrepreneurship and startup development for the betterment of society, PolyU has recently introduced the Angel Fund Scheme. The Scheme aims to accelerate the growth of high potential technology startups founded by PolyU students, graduates and professors. Leveraging the additional annual funding from the Innovation and Technology Commission (ITC) under the Technology Start-up Support Scheme for Universities, the two-tier Angel Fund Scheme supports early-stage startups which require a higher starting capital for research and development.
Almost 100 applications were received for the $1M tier of the 2023-24 Scheme, out of which 15 startups were selected to each receive HK$1 million in funding. Eight startups out of 37 applications were selected for the $3M tier.
The two-tier Angel Fund Scheme
Tier One - HK$1M Fund
Tier Two - HK$3M Fund
HK$0.5 million grant by ITC
HK$1.5 million secured private investment
No. of approved startups / applications (2023/24)
15 / 100
8 / 37
PolyU’s holistic entrepreneurship development framework
You Might Also Like
Senior staff appointments and promotions
(between 1 January and 31 March 2023) Congratulations to the following PolyU members who have recently taken up a new capacity at the University. (Listed in alphabetical order) Promotion Professor Benny Cheung Chi-fai as Chair...
As we enter the post-pandemic era, I am pleased to see The Hong Kong Polytechnic University excelling on various fronts. PolyU triumphed at the 48th Geneva Inventions Expo by winning a record-breaking 31 accolades, including the highest number of...
PolyU innovations win two prestigious education awards
PolyU strives to enhance students’ learning experiences through educational innovations. The University’s efforts were recognised at the Quacquarelli Symonds (QS) Reimagine Education Awards 2022, where PolyU received both a Gold and a Silver...