What the Innovation and Technology Venture Fund (ITVF) Means for Hong Kong Tech Startups
The ITVF is a HK$2 billion government fund that co-invests with selected venture capital partners in eligible local I&T startups.
The Innovation and Technology Venture Fund (ITVF) was established in 2017 as a HK$2 billion initiative to attract more venture capital funds to co-invest in local innovation and technology startups.
How the ITVF Operates
The ITVF operates through a special-purpose vehicle called the Innovation and Technology Venture Fund Corporation. This entity co-invests with venture capital funds that have been selected as Co-investment Partners in eligible local I&T startups. The fund acts as a passive investor, making direct co-investments only upon invitation by the Co-investment Partners.
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FAQ
Q1: What is the purpose of the ITVF?
The Government set up the ITVF to attract more venture capital funds to co-invest in local innovation and technology startups in Hong Kong.
Q2: How does the ITVF make its investments?
The ITVF is a passive investor. It makes direct co-investments with selected Co-investment Partners only when invited by those partners, targeting eligible local I&T startups.