Hong Kong Launches $256M Venture Capital Matching Fund To Fuel Local Innovation


Hong Kong’s Innovation and Technology Commission (ITC) has launched a HK$2 billion (US$256 million) co-investment scheme in a bid to stimulate private investment in local innovation and technology start-ups. Venture capital funds can apply to become co-investment partners of the Hong Kong government to back start-ups in series A and B round across all technology sectors, according to an official announcement today. The Hong Kong government has set up a special purpose vehicle, the Innovation and Technology Venture Fund, on …

Hong Kong Launches $256M Venture Capital Matching Fund To Fuel Local Innovation appeared first on China Money Network.


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