Innovation and Technology Venture Fund (ITVF)
The ITVF is a HK$2 billion government fund that co-invests with selected venture capital partners in local I&T startups.
Overview
The Innovation and Technology Venture Fund (ITVF) was established by the Hong Kong Government in 2017 with HK$2 billion. Its purpose is to attract more venture capital funds to co-invest in local innovation and technology (I&T) startups in Hong Kong.
Co-investment Mechanism
The ITVF operates through a special-purpose vehicle called The Innovation and Technology Venture Fund Corporation (ITVFC). ITVFC co-invests with venture capital funds that are selected as Co-investment Partners (CPs) in eligible local I&T startups. The ITVF acts as a passive investor, making direct co-investments only upon invitation by the CPs.
Related reading
FAQ
Q1: What is the objective of the ITVF?
The ITVF aims to attract more venture capital funds to co-invest in local innovation and technology startups in Hong Kong.
Q2: How does the ITVF invest in startups?
The ITVF, through the ITVFC, co-invests with selected Co-investment Partners in eligible local I&T startups, acting as a passive investor upon invitation by the partners.