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What is the Teaching Company Scheme?
The Teaching Company Scheme aims to foster university-industry partnership.
It supports local companies to take on graduate students pursuing
a higher degree in local universities to assist in proprietary R&D work.
Key features include:
- The Scheme will cover half of the studentship of the student.
- The university will provide teaching guidance to the student
in handling the project.
- The student's performance in the project will be counted
towards his/her degree programme.
- The company will hold all intellectual property rights arising
from the project.
- The project should not last more than two years.
Through this arrangement, the company will benefit from the research
results. Students will benefit from their practical research experience
in a genuine business environment. The university will have closer
links with industry and a better understanding of its problems.
Will my company be eligible?
Yes, if your company is a locally incorporated company. Your company
will be the applicant, but you must first find a local university
as the partner and identify suitable candidate(s) among the university's
graduate students for the proposed R&D project.
What is the form of funding support?
The company and the Scheme will each bear half of the studentship
for the graduate student. The scheme may also cover half of the
insurance premium directly arising from the placement of the student
in the company. The other costs of the project will not be funded.
As each student will receive a standard studentship of HK$15,000
per month and the project should not last more than two years, the
maximum funding from the ITF for the studentship for each student
would be HK$180,000.
How can my company apply for funding?
Your company should first agree with a local university on the project
details, the selection of student(s), the expected deliverables,
and if necessary, the royalty arrangements. Your company and your
partner university will then need to submit a joint application
to the Innovation and Technology Commission.
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