HK Tech 300 Angel Fund

Comprehensive detailed description:

Objectives:

• To provide early-stage funding to promising technology startups.
• To nurture innovation and entrepreneurial spirit among university students, alumni, and the wider Hong Kong startup ecosystem.
• To bridge the funding gap for startups at the seed and pre-seed stages.
• To enhance the commercialization of research and technology developed within the university and the local community.

Target Beneficiaries:

• Early-stage technology startups, particularly those founded by CityU students, alumni, and faculty.
• Startups focusing on innovative technology solutions with high growth potential.
• Entrepreneurs and teams looking for seed funding to develop their products and scale their business.

Application Process:

• Interested startups or entrepreneurs submit an application detailing their business idea, technology, team, and funding needs.
• Applications are reviewed by a panel of experts and mentors associated with HK Tech 300.
• Selected startups may be invited for pitching sessions or interviews.
• Successful applicants receive funding along with mentorship and support services.

Key Features:

• Provides seed funding to help startups develop prototypes, conduct market validation, and prepare for subsequent funding rounds.
• Access to a network of mentors, industry experts, and investors through the HK Tech 300 ecosystem.
• Support in business development, commercialization, and scaling strategies.
• Encourages collaboration between academia and industry to accelerate technology transfer.
• Part of a broader initiative to build a vibrant tech startup community in Hong Kong.

This fund plays a crucial role in empowering early-stage tech entrepreneurs by combining financial support with strategic guidance, thereby contributing to the growth of Hong Kong’s innovation-driven economy.