PILOTS + Program (TSSSU Fund) - Programme details
Programme details
TSSSU aims at supporting CUHK professors, students and alumni to turn their research output into a real business. With the TSSSU funding and dedicated support by ORKTS, CUHK members can focus more on the commercialization of technology and innovation of the University.
https://www.orkts.cuhk.edu.hk/knowledge-transfer-initiatives/funding-schemes#TSSSU (As it used to be a page that needs login, it may necessary to take reference of the other funding schemes in the website also.)
The Innovation and Technology Commission (ITC) of the Hong Kong SAR Government has set up Technology Start-up Support Scheme for Universities (TSSSU) to encourage students, professors, and alumni from six local universities, including CUHK, to start their own technology companies to commercialize R&D results. Successful applications may receive funding up to HK$700,000 per year for potentially up to three years. There can be potential opportunities to join HKSTP’s 2-year Incu-App or 3-year Incu-Tech Programme.
Requirements for applicants to obtain internal approvals and endorsements:
| CUHK members of Start-up | Authorities for Approval and Endorsement |
|
Student (PIC) |
Department Chairperson |
|
Alumni (PIC) |
Department Chairperson |
| Staff (PIC or team members) |
Department Chairperson/Unit Head (1st level) |
|
Dean of Faculty/Supervising Officer (2nd level) |
TSSSU 2021-22 application timeline
|
Event |
Date | |
| 1 |
Call for Applications |
10 Sept 2020 (Thu) |
| 2 |
Information Session for TSSSU |
24 Sept 2020 (Thu) |
| 3 |
Application Deadline |
12 Nov 2020 (Thu) |
| 4 | Interview for selected teams | 9 - 11 Dec 2020 (Wed to Fri) (TBC) |
| 5 |
Announcement of results |
Last week of Dec 2020 |
| 6 |
Budget revision and company registration if needed |
4 - 15 Jan 2021 |
| 7 |
Submission of recommendations to ITC |
18 Jan 2021 (Mon) (TBC) |
| 8 |
Negotiation on payment schedule (Request for 1st instalment) |
16 – 26 Feb 2021 |
| 9 |
Receive ITC approval |
By 31 March 2021 |
| 10 |
Signing of essential documents (e.g. ORKTS offer letter, Award Agreement and TSSSU OBA) |
Within 3 weeks upon ITC approval |
Application Guidelines (PDF, updated 21 Aug 2020)
Application Form (Annex A)
Online Application (Compulsory)
ITC Guidelines (PDF)
Business Proposal Guidelines (For Reference)
Information session for TSSSU (PDF)
Introduction to Venture Acceleration and Tips on Pitching (PDF)