Policy Address

82.         Innovation and technology start-ups require capital input at different stages of development.  In addition to current sources including the Innovation and Technology Fund, the Cyberport Creative Micro Fund, the Corporate Venture Fund set up by the Science Park, as well as the funding schemes of various universities, the Cyberport will allocate $200 million to launch a Cyberport Macro Fund for investment in its ICT start-ups. 

83.         To encourage investment from venture capital funds in local innovation and technology start-ups, the Government will set aside $2 billion to set up an Innovation and Technology Venture Fund for co-investing with private venture capital funds on a matching basis. 

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