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Technology Start-up Support Scheme for Universities (TSSSU)

TSSSU provides funding to six universities to support their teams in starting technology businesses and commercialising their research and development (R&D) results.

The six universities are The University of Hong Kong, The Chinese University of Hong Kong, City University of Hong Kong, The Hong Kong University of Science and Technology, Hong Kong Baptist University and The Hong Kong Polytechnic University.

From 2019-20 onwards, an annual funding of up to $8 million is provided to each of the six universities. Each funded technology start-up may receive up to $1.5 million each year for no more than three years (see Note 1).

The scope of funding of TSSSU includes essential items for setting up and operating the start-ups (e.g. furniture and equipment, legal and accounting services, rental of necessary and suitable premises, manpower, etc.), expenditure on R&D, and promotion activities and marketing of their R&D deliverables, products or services.

Funding will be provided to the universities on a reimbursement basis after the close of each Government financial year.

Note 1: The three-year period should count consecutively from the first year that a start-up is approved for TSSSU funding. For example, if a start-up was first approved for funding in 2017-18 (Year one) and only applied for continued funding in 2019-20 (Year three), it will not be eligible for seeking further funding in 2020-21 (Year four).


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