Selection of Co-investment Partners

The Innovation and Technology Venture Fund (ITVF) is now open for a new round of applications by venture capital (VC) funds to become Co-investment Partners (CPs). The application deadline is 31 January 2022.

Eligibility of VC funds to become CPs

A VC fund, whether incorporated in Hong Kong, Mainland China or overseas (Note 1) and whether a newly established or an existing fund, is welcome to apply for selection as a CP if it meets the following criteria:

  1. Having an investment focus on innovation and technology (I&T) startups;
  2. Having an investment coverage including Hong Kong;
  3. Having a minimum remaining committed capital of HK$120 million (Note 2); and
  4. Having a remaining fund life of at least five years to co-invest with the ITVF.

Note 1: The VC fund concerned should have a place of business in Hong Kong to facilitate communication with local I&T startups and the ITVF Secretariat.

Note 2: The VC fund concerned must provide documents to prove that it has minimum remaining committed capital of HK$120 million at the time of signing the Master Agreement with the Government.

Selection criteria

The selection of CPs will be based on the following criteria:

  1. Background of the Fund
  2. Personnel
  3. Investment strategy and processes
  4. Investment performance
  5. Local presence and support

Please refer to "Guidelines For Application As Co-investment Partner" for details.

How to apply?

Interested VC funds should submit an application form together with relevant supporting documents to the ITVF Secretariat by 31 January 2022 by email (itvf-enquiry@itc.gov.hk).

Online Briefing Session

An online briefing session has been held on 17 November 2021 at 10 a.m. The presentation deck is available below for reference.