Government / ITF

Innovation and Technology Fund: finance a project, not a valuation

ITF instruments cover in-house R&D, talent, trials, rebates, patents and industrialisation. Each has its own scope, budget, reporting and audit trail.

50verified programmes
2026-08-25Last verified
Primary sourcesGovernment, official bodies, universities and programme sites

Official facts

Amounts, durations and eligibility come from the cited primary source and carry a verification date. Intake status and terms can still change, so recheck the current guide before applying.

Editorial analysis

Suggested combinations are this site's analysis, not a government promise. Select by stage, cash flow, milestones and administrative cost.

R&D and validation

ESS funds in-house R&D, CRS rebates qualifying R&D contribution and PSTS funds public trials.

  • ESS: up to HK$10m, 1:1 matching, generally 24 months.
  • CRS: 40% rebate of eligible enterprise expenditure.
  • PSTS-TC: up to HK$1m, generally 12 months.
  • The patent grant addresses eligible first-patent costs only.

Talent and industrialisation

RTH, STEM, NIFS and NIAS operate at very different scales.

  • RTH supports actual full-time R&D remuneration and excludes founders, shareholders and management as the subsidised talent.
  • STEM Internship funds flow through universities, not as unrestricted startup cash.
  • NIFS supports a Hong Kong smart production line at 1:2 government-company.
  • NIAS requires at least HK$100m company investment and is not an ordinary startup grant.

Closed or restructured

Historic names should not appear as current application routes.

  • TVP stopped accepting new applications on 1 January 2025.
  • Partnership Research Programme moved into the current ITSP Collaborative structure.
  • ITVF is transitioning to an enhanced fund-manager model, not direct grant applications.

Official facts

Programme matrix

Compare instrument, stage, published support, equity and matching. N/A means no universal rule was published, not that there is no restriction.

High-risk amount and eligibility fields retain their verified canonical English wording so translation does not alter the rule; names, summaries and fit guidance are localized.

14 / 14
ProgrammeType / StagePublished supportEquity / MatchingBest forOfficial source
Green Tech FundEnvironment and Ecology Bureau

Matching support for decarbonisation and environmental R&D, with company funding exhausted before the first government disbursement.

Eligibility, payment and double-funding details
Duration
Up to 3 years for company applicants
Company age / eligibility
N/A
Staff requirement
N/A
Founder requirement
N/A
Payment basis
Reimbursement based
Stackability note
Suitable for substantial environmental R&D, not general ESG consulting or ordinary green marketing.
Double funding / cash-flow restriction
Milestone reporting, audits and cost separation apply; the 2026 round closed on 13 February 2026.
GrantSeed / Early growthTemporarily pausedHK$2.5 million to HK$20 million for a company projectEquity: NoMatching: Company contributes at least one-third of total project costGreen-tech projects with measurable environmental benefit, R&D, trials and commercial potential.Official sourceLast verified: 2026-08-25
HKSTP Incu-Bio ProgrammeHong Kong Science and Technology Parks Corporation

A four-year incubation route for biotechnology ventures with longer R&D and commercialisation cycles.

Eligibility, payment and double-funding details
Duration
4 years
Company age / eligibility
Business valuation up to US$5 million
Staff requirement
More than 2 full-time employees and at least 50% technical staff
Founder requirement
N/A
Payment basis
N/A
Stackability note
University, research-talent and R&D support may complement the programme subject to separate approvals and cost separation.
Double funding / cash-flow restriction
The same expense must not be claimed twice; current award terms control.
IncubatorMVP / Pre-seed / SeedActiveUp to HK$6 millionEquity: N/AMatching: N/ABiotechnology, health technology and life-science startups.Official sourceLast verified: 2026-08-25
HSITP Incubation ProgrammeHong Kong-Shenzhen Innovation and Technology Park

A three-stream programme launched in 2026 for life and health technology, AI and data science. No universal per-company amount is published in the launch material.

Eligibility, payment and double-funding details
Duration
SPIN: 1 year; IGNITE: 2 to 4 years; GAS: 3 to 4 years
Company age / eligibility
N/A
Staff requirement
N/A
Founder requirement
N/A
Payment basis
N/A
Stackability note
The first cohort is delivered through six programme partners. Any combination with other public support remains subject to the partner agreement and cost separation.
Double funding / cash-flow restriction
The launch release does not publish one universal per-company amount, equity term or cross-programme funding rule.
IncubatorIdea / Pre-MVP / MVP / Pre-seed / Seed / Early growthActiveN/AEquity: N/AMatching: N/ARelevant technology startups planning R&D, validation and commercialisation in the Hetao Hong Kong Park.Official sourceLast verified: 2026-08-25
Enterprise Support Scheme (ESS)Innovation and Technology Commission

Dollar-for-dollar support for in-house R&D by Hong Kong companies; it is not general operating capital.

Eligibility, payment and double-funding details
Duration
Normally up to 24 months
Company age / eligibility
N/A
Staff requirement
N/A
Founder requirement
N/A
Payment basis
Reimbursement based
Stackability note
May pair with eligible R&D talent or cash-rebate support where each scheme permits and budgets remain separate.
Double funding / cash-flow restriction
ESS funds a defined R&D project and requires matching, records, reports and audits; the same cost cannot be funded twice.
GrantSeed / Early growthActiveUp to HK$10 million per projectEquity: NoMatching: 1 government : 1 companyCompanies with a defined technical risk, R&D work plan, budget and commercialisation path.Official sourceLast verified: 2026-08-25
Innovation and Technology Venture Fund (ITVF)Innovation and Technology Commission

Government-backed co-investment through selected fund managers, not a grant that a startup applies for directly.

Eligibility, payment and double-funding details
Duration
N/A
Company age / eligibility
N/A
Staff requirement
N/A
Founder requirement
N/A
Payment basis
Not reimbursement based
Stackability note
Startups receive investment through participating fund managers, not a direct grant application to ITC.
Double funding / cash-flow restriction
Investment terms, dilution and fund diligence apply separately from any public R&D award.
InvestmentSeed / Early growth / Series ANeeds reviewNo fixed startup cheque published; the enhanced fund-manager model redeploys HK$1.5 billionEquity: YesMatching: At fund level, HK$1 government for every HK$3 raised by selected fund managersHong Kong I&T companies raising institutional capital within participating fund mandates.Official sourceLast verified: 2026-08-25
New Industrialisation Acceleration Scheme (NIAS)Innovation and Technology Commission

Large-scale matching support for smart production facilities in strategic industries, far beyond ordinary startup grant thresholds.

Eligibility, payment and double-funding details
Duration
Normally up to 36 months
Company age / eligibility
N/A
Staff requirement
N/A
Founder requirement
N/A
Payment basis
Reimbursement based
Stackability note
This is a large industrialisation facility programme, not an ordinary startup grant.
Double funding / cash-flow restriction
A project requires at least HK$150 million total cost and at least HK$100 million enterprise contribution; funded costs cannot overlap.
Subsidy / rebateEarly growth / Series A / Scale-upActiveUp to HK$200 million total support across up to 2 projects; project-level terms applyEquity: NoMatching: 1 government : 2 companyIndustrial companies able to commit at least HK$100 million of eligible enterprise funding in Hong Kong.Official sourceLast verified: 2026-08-25
New Industrialisation Funding Scheme (NIFS)Innovation and Technology Commission

Matching support for setting up a new smart production line in Hong Kong.

Eligibility, payment and double-funding details
Duration
Normally up to 24 months
Company age / eligibility
N/A
Staff requirement
N/A
Founder requirement
N/A
Payment basis
Reimbursement based
Stackability note
Designed for production-line capital expenditure, not ordinary software development or early MVP work.
Double funding / cash-flow restriction
Only approved production-line costs are eligible and cannot be claimed under another public scheme.
Subsidy / rebateEarly growth / Series A / Scale-upActiveUp to one-third of approved project cost or HK$15 million per project, whichever is lowerEquity: NoMatching: 1 government : 2 companyBusinesses with a manufacturing plan, capital budget and Hong Kong production site.Official sourceLast verified: 2026-08-25
Patent Application GrantInnovation and Technology Commission

Support for eligible costs of an applicant's first patent application.

Eligibility, payment and double-funding details
Duration
N/A
Company age / eligibility
N/A
Staff requirement
N/A
Founder requirement
N/A
Payment basis
N/A
Stackability note
The grant addresses a first patent application, not general IP, legal or product-development costs.
Double funding / cash-flow restriction
Patent costs charged to another public project must be separated and checked against both schemes.
GrantMVP / Pre-seed / SeedActiveUp to HK$250,000 per approved case for the first patent applicationEquity: NoMatching: Grant covers up to 90% of eligible patent application costs, subject to the capTeams with a potentially patentable invention ready for a first filing.Official sourceLast verified: 2026-08-25
Pilot Innovation and Technology Accelerator Scheme (PITAS)Innovation and Technology Commission

Funds experienced accelerator operators to establish Hong Kong bases. The 2026 call is closed, and ordinary startups are not the direct funding applicants.

Eligibility, payment and double-funding details
Duration
Up to 3 years
Company age / eligibility
N/A
Staff requirement
At least 3 full-time staff at the Hong Kong accelerator base
Founder requirement
Applicant, founder or organisation must have at least 5 years of technology-startup support experience
Payment basis
N/A
Stackability note
PITAS funds selected accelerator operators to build services for startups; an ordinary startup is not the direct funding applicant.
Double funding / cash-flow restriction
The operator must comply with the approved project budget, matching contribution, procurement, reporting and audit requirements.
AcceleratorEarly growth / Series AClosed to new applicationsUp to HK$30 million per selected accelerator operatorEquity: NoMatching: 1 Government : 2 applicantOperators with at least five years of startup-support experience that will run a physical accelerator in Hong Kong.Official sourceLast verified: 2026-08-25
Public Sector Trial Scheme for Technology Companies (PSTS-TC)Innovation and Technology Commission

Supports real-world public-sector trials of R&D outcomes primarily developed in Hong Kong.

Eligibility, payment and double-funding details
Duration
Normally up to 12 months
Company age / eligibility
N/A
Staff requirement
N/A
Founder requirement
N/A
Payment basis
Reimbursement based
Stackability note
Useful after R&D when a public body can conduct a real trial; it is not generic product-development funding.
Double funding / cash-flow restriction
Trial expenditure and the underlying R&D costs must remain distinct from other funded projects.
GrantMVP / Seed / Early growthActiveUp to HK$1 million per projectEquity: NoMatching: NoTechnology companies with a deployable prototype and a credible public-sector trial setting.Official sourceLast verified: 2026-08-25
R&D Cash Rebate Scheme (CRS)Innovation and Technology Commission

A 40% rebate on eligible enterprise expenditure in qualifying ITF or partnership R&D projects.

Eligibility, payment and double-funding details
Duration
Application generally within 2 years after project completion
Company age / eligibility
N/A
Staff requirement
N/A
Founder requirement
N/A
Payment basis
Reimbursement based
Stackability note
The rebate is expressly linked to eligible ITF or partnership R&D expenditure, including eligible ESS in-house R&D.
Double funding / cash-flow restriction
Only qualifying expenditure is rebated; ordinary product customisation, business automation and non-scientific work are excluded for partnership projects.
Subsidy / rebateSeed / Early growth / Series AActive40% cash rebate of eligible enterprise expenditureEquity: NoMatching: NoHong Kong enterprises that have funded qualifying R&D and maintain complete evidence.Official sourceLast verified: 2026-08-25
Research Talent Hub for Technology Companies (RTH-TC)Innovation and Technology Commission

Reimburses eligible full-time R&D talent remuneration. Founders, shareholders and management cannot be the subsidised talent.

Eligibility, payment and double-funding details
Duration
Generally up to 36 months per research talent
Company age / eligibility
N/A
Staff requirement
Up to 4 full-time research talents at one time; STEM degree and R&D work requirements apply
Founder requirement
A proprietor, partner, shareholder, management member or their relative cannot be engaged as the subsidised research talent
Payment basis
Reimbursement based
Stackability note
Can support eligible R&D hiring while other approved projects fund distinct project costs.
Double funding / cash-flow restriction
The allowance must fund the actual remuneration of the approved full-time talent; no duplicate salary claim is permitted.
TalentMVP / Pre-seed / Seed / Early growthActiveMonthly salary allowance up to HK$20,000 (bachelor), HK$23,000 (master) or HK$35,000 (doctorate), plus up to HK$10,000 doctoral living allowanceEquity: NoMatching: NoTechnology companies conducting substantive Hong Kong R&D and hiring STEM graduates.Official sourceLast verified: 2026-08-25
Technology Start-up Support Scheme for Universities (TSSSU)Innovation and Technology Commission

University-channelled funding for teams commercialising technology and R&D outcomes at six participating universities.

Eligibility, payment and double-funding details
Duration
Up to 6 years in total across TSSSU-O and TSSSU+ (up to 3 years per component)
Company age / eligibility
Generally not more than 2 years for TSSSU-O or 7 years for TSSSU+ at the relevant deadline
Staff requirement
N/A
Founder requirement
A qualifying university relationship and the university's own selection requirements apply
Payment basis
Reimbursement based
Stackability note
University and incubator support may be complementary, but every award and cost item must satisfy its own terms.
Double funding / cash-flow restriction
TSSSU+ private investment matching and the reimbursable period are time-bound; the same cost cannot be publicly funded twice.
GrantIdea / Pre-MVP / MVP / Pre-seed / SeedActiveUp to HK$1.5 million per startup per year for up to 3 years under TSSSU-O, followed by up to 3 further years under matching-fund TSSSU+Equity: NoMatching: TSSSU+ only: dollar-for-dollar against qualifying private investmentTechnology startups with a qualifying university relationship, IP or research output.Official sourceLast verified: 2026-08-25
Technology Voucher Programme (TVP — closed)Innovation and Technology Commission / Hong Kong Productivity Council

Formerly subsidised technology services and solutions for Hong Kong entities; it stopped accepting new applications on 1 January 2025.

Eligibility, payment and double-funding details
Duration
Normally up to 12 months per approved project
Company age / eligibility
N/A
Staff requirement
N/A
Founder requirement
N/A
Payment basis
N/A
Stackability note
Historical programme only. Existing award agreements continue to control approved projects.
Double funding / cash-flow restriction
Approved expenditure could not receive support from another local public funding source.
Subsidy / rebateMVP / Seed / Early growth / Scale-upClosed to new applicationsUp to HK$600,000 cumulative funding on a 3:1 government-to-applicant matching basis before closureEquity: NoMatching: Government 3 : applicant 1Policy-history research and organisations administering an already approved TVP project.Official sourceLast verified: 2026-08-25

Editorial analysis

Strategy combinations by company type

Solve the company's most real constraint first; the number of applications is not the goal.

AI / Software / SaaS

Validate demand cheaply and use cloud credits before choosing HKSTP, Cyberport or institutional capital.

Illustrative route
Founder capital → MVP plus cloud credits → one primary incubator → RTH or ESS after real R&D and hiring needs → equity after traction.
Key caution
Do not build a heavy team to chase subsidies; the same cloud bill, payroll or R&D cost cannot be claimed twice.

Deep tech / Hardware / Robotics

Separate university or laboratory R&D, prototyping, trials and production-line work into distinct funding stages.

Illustrative route
Technology and IP → university/TSSSU or HKSTP → prototype and patent → ESS/RTH → public trial → smart production line → specialist VC.
Key caution
R&D, trial and production-line awards have different scopes; budget for hardware cash flow and reimbursement timing.

Biotech / HealthTech

Build the stack around university IP, laboratory access, regulation and a long R&D cycle.

Illustrative route
University IP or licence → Incu-Bio or TSSSU → RTH/ESS → validation and trials → specialist biotech capital.
Key caution
Laboratory, clinical and regulatory costs are not automatically eligible; a headline incubator amount does not replace a detailed plan.

GreenTech / ClimateTech

Prove environmental impact and technical feasibility before choosing R&D, trial or production support.

Illustrative route
Environmental problem and metrics → HKSTP/prototype → ESS or Green Tech Fund → public trial → Hong Kong production → industrial capital.
Key caution
Ordinary ESG consulting or green marketing is not green-tech R&D; large funds require matching cash, milestones and audits.