Innovation and Technology Support Programme (ITSP) - Platform

Innovation and Technology Support Programme (ITSP) - Platform in Hong Kong: Objectives: - Support applied research and development (R&D) projects by R&D Centres or designated local public research institutes. - Facilitate transfer of R&D results to local industries. - Focus on industry-oriented applied R&D projects with commercialisation potential. Target Beneficiaries: - Lead applicants must be R&D Centres or designated local public research institutes. - Industry sponsors (at least 10% of total project cost) are required for platform projects. - Companies (local or non-local) can participate as sponsors but do not own IP rights. - Collaborative projects involve partnerships between R&D Centres/public institutes and industry co-applicants. Key Features: - Platform projects: max duration 24 months, require minimum 10% industry sponsorship, IP rights owned by lead applicant. - Seed projects: exploratory, max funding HK$2.8M (R&D Centres) or HK$1.4M (others), max duration 18 months, no mandatory industry sponsorship, IP rights owned by lead applicant. - Collaborative projects: max duration 36 months, require at least 50% industry sponsorship, IP rights owned by industry co-applicant if contributing ≥50% of project cost. - Majority of R&D work must be conducted in Hong Kong; up to 50% can be in Mainland China with justification. - Industry sponsors may receive benefits like early access to results or licensing discounts. Application Process: - ITSP (Platform & Seed) applications accepted once a year (next period: 25 Nov 2024 to 28 Feb 2025); R&D Centres can apply year-round. - ITSP (Collaborative) applications accepted all year round. - Applicants must follow detailed guides and submit via the Innovation and Technology Commission Funding Administrative System. - Applications undergo preliminary screening, possible external review, and assessment by the Innovation and Technology Fund Research Projects Assessment Panel. Contact: - Tel: (852) 3655 5678 - Email: enquiry@itf.gov.hk This programme aims to foster innovation by bridging research and industry needs, supporting projects with commercial potential, and encouraging collaboration between research institutions and industry partners.