PolyU provides comprehensive incubation support to nurture the growth and development of startups, such as through the pioneering Micro Fund Scheme launched in 2011. This Scheme aims to cultivate innovation and entrepreneurship in the PolyU community and promote knowledge transfer and commercialisation of PolyU’s innovations and technologies, assisting awardees in implementing high-quality business propositions with a positive societal impact.

The first cohort of winning entrepreneurial teams under the Micro Fund 2022-23 was announced after a 2-day competitive finals presentation. Over 130 applications were received and 35 finalists made their pitches to the judging panels. The 18 winning teams demonstrated their innovation and creativity, business model, team members’ competence, core R&D activity, and achievable milestones in their business proposals. Each awarded team will receive HK$120,000 from the Micro Fund and support of up to HK$1.29 million from HKSTP’s Incubation Programmes.