2 3 E-FUND INTRODUCTION AT A GLANCE Aligning with the Hong Kong University of Science and Technology (HKUST)’s Knowledge Transfer (KT) Mission and with a view to strengthening the promotion of entrepreneurship spirit among HKUST stakeholders leading to social and economic impact, the HKUST Entrepreneurship Fund (E-Fund), with an initial fund size of HK$50 million committed by HKUST, is established for the benefit of promising HKUST technology start-up companies. Under E-Fund, there are two investment models: Co-Investment Model and HKUST-Initiated Investment Model. E-Fund not only can help to bridge the funding gap of start-ups before they can secure external funding to grow and to expand, but can also engage other venture capital (VC) funds and experts more closely within the HKUST start-up ecosystem, potentially providing investments, strategic values, as well as guidance and advice. HK$50M Fund size Investment Scope HKUST start-up companies with INNOVATIVE technology and/or business models. Eligibility Start-up companies with at least 10% OWNERSHIP by faculty members, staff members, students, and/or alumni of HKUST. Established for NO MORE THAN 5 YEARS. Investment Stage Investment Model MINORITY SHARE INVESTMENT. Syndicate with Co-Investment Partners or act as Lead Investor under Co-Investment Model and HKUST-Initiated Investment Model respectively Investment Amount HK$2Mper HKUST start-up company initially up to
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