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 has been extended from 31 January 2022 to 28 February 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 28 February 2022 by email (

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.