Research, Academic and Industry Sectors One-plus Scheme (RAISe+)

Research, Academic and Industry Sectors One-plus Scheme (RAISe+)


Launched in October 2023, RAISe+ aims to unleash potential of local universities in transformation and commercialisation of R&D outcomes, and facilitate relevant collaboration among the Government, industries, universities, and research sectors.


The applicant must be a university funded by the University Grant Committee (UGC).

Key Features


RAISe+ invites applications for funding from eligible universities twice every twelve months. The first application solicitation period is from 18 October 2023 to 30 November 2023. Each university is welcome to submit a maximum of 15 applications for each application solicitation exercise. Please read the following documents before submitting an application:



Applications submitted by universities will be subject to peer review on their technical aspects, business review on their commercial viability, and vetting by a Steering Committee (SC) comprising members from academic, research and industry sectors. The SC will recommend applications for funding support for approval by the Commissioner for Innovation and Technology.

Frequently Asked Questions

Expand AllCollapse All
There are different requirements for the First Stage and the Second Stage. University team participating in the First Stage is still carrying out applied research and development work, but the work is near completion. University team directly joining the Second Stage should have completed its research and development and may have developed a prototype of the product, with a focus on the commercialisation of research outcomes. Universities should assess the progress of the project in determining whether to apply for the First Stage or the Second Stage.

Due to the substantial amount of funding provided by this Scheme and to allow project team members to dedicate more time to commercialise the research and development ("R&D") outcomes and facilitate collaboration among the industry sector, universities, and research sector, we expect universities to assume the project management role by providing advisory services to the R&D projects as well as commercial, accounting, and other services.

Under this Scheme, the funding support from the Government will be deposited directly into the university's account, and the university can decide whether the project account is to be placed under the university or under the company formed by the project team. Under either scenario, the university bears the responsibility of overseeing the management of the project bank account to ensure that the Project Funds in the project bank account are prudently used and are in compliance with the requirements of the Scheme. The respective university may charge a service fee of no more than 10% of the total expenses of the project for its provision of the support services. The breakdown of each service item and justification should be stated in the project proposal.

As the First Stage focuses on the innovation of the R&D project, greater weighting will be given to innovation and technological contents.

For the Second Stage, we expect that development of the start-up team has become more mature and it may have secured more investments from the industry, and emphasise more on the commercialisation work. Hence, commercial viability of the project outcomes will be given higher weighting.

Given the different focuses of the project in the two stages, we shall conduct assessment according to the weightings of the assessment criteria for project applications joining from different stages.