HKSTP and CITYU signed memorandum of understanding for collaboration on innovation and entrepreneurship programmes in Hong Kong and Greater Bay Area

City University of Hong Kong (CityU) and Hong Kong Science and Technology Parks Corporation (HKSTP) signed a Memorandum of Understanding (MoU) today (11 November) for launching collaborative programmes in Hong Kong and the Greater Bay Area (GBA) and further promoting innovation and entrepreneurship in the region.

In March this year, Professor Way Kuo, CityU’s President and University Distinguished Professor, announced the launch of HK Tech 300, a large-scale flagship innovation and entrepreneurship programme with an allocation of HK$500 million. The initiative has received tremendous support from different stakeholders across society, including HKSTP, which is one of the strategic partners. In the first three rounds of “HK Tech 300 Seed Fund”, a total of 152 start-up teams have been awarded HK$100,000 each, and among them, 62 teams have been admitted to HKSTP’s IDEATION pre-incubation programme.

To strengthen their collaboration, CityU and HKSTP have signed the MoU. HKSTP will provide seed funds and other support for start-up teams selected by both parties through the IDEATION programme and the incubation programme. Investment funding support from both parties will be provided to HK Tech 300 start-up projects. CityU and HKSTP will also collaborate on nurturing talent and further promoting technology transfer, enterprise innovation as well as innovation and technology in the GBA.

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