Innovation and Technology Venture Fund (ITVF)

Innovation and Technology Venture Fund (ITVF)


The Government has set up a HK$2 billion Innovation and Technology Venture Fund (ITVF) in 2017 with a view to attracting more venture capital (VC) funds to co-invest in local innovation and technology (I&T) startups in Hong Kong.


The ITVF, through a special-purpose vehicle "The Innovation and Technology Venture Fund Corporation" (ITVFC), will co-invest with VC funds selected as Co-investment Partners (CPs) in eligible local I&T startups (investee company).

An "eligible local I&T startup" must meet the following criteria: -

  1. it or its wholly-owned Hong Kong company was incorporated under the Companies Ordinance within the last seven years and with one of its offices (headquarter or regional office) or its main business operation or its key management or leadership team being located in Hong Kong;
  2. it or its subsidiar(ies) (if any) have been engaging in I&T business, covering any part of the research and development or production chain in Hong Kong; and
  3. it and its subsidiar(ies) (if any) have a total number of employees (including Hong Kong, Mainland China and overseas offices) being less than 250.

Key Features

Co-investment Arrangements

ITVF will be a passive investor, making direct co-investment in the eligible local I&T startups with the CPs upon invitation of the latter.


Upon receipt of a CP's co-investment proposal, the ITVF Secretariat will conduct evaluation in consultation with the ITVF Advisory Committee according to the assessment framework.

Frequently Asked Questions

To learn more about ITVF, please see ITVF FAQs.


To learn more about ITVF, please see the following:

Selection of Co-investment Partners



Innovation and Technology Venture Fund Secretariat
Innovation and Technology Commission
20/F., West Wing,
Central Government Offices,
2 Tim Mei Avenue, Tamar, Hong Kong