I&T fund views sought

The Innovation, Technology & Industry Bureau and the Innovation & Technology Commission today invited the market to submit expressions of interest (EOI) for the Innovation & Technology Industry-Oriented Fund (ITIF).

The invitation outlines the preliminary proposed ITIF framework to facilitate the market to express their opinions, which covers the amount of capital that must be committed by a strategic investor, eligibility requirements of a fund manager and the key terms of a sub-fund, etc.

The Innovation, Technology & Industry Bureau will hold a briefing session on the EOI invitation on Monday.

Interested companies shall return the completed EOI by email to itif-enquiry@itc.gov.hk on or before March 3, 2025.

The Chief Executive announced in the 2024 Policy Address to set up a $10 billion ITIF to channel more market capital to invest in specified emerging and future industries of strategic importance, with a view to building the innovation and technology ecosystem in a systematic manner.

Click here for the ITIF details.