To learn more about ITVF, please see ITVF FAQs. A seed and early-stage venture capital fund. Upon receipt of a CP's co-investment proposal, the ITVF Secretariat will conduct evaluation in consultation with the ITVF Advisory Committee according to the assessment framework. ITVF will be a passive investor, making direct co-investment in the eligible local I&T startups with the CPs upon invitation of the latter. For each co-investment in an investee company, the matching investment shall constitute not more than (i) 40% of the original total target investment amount sought by the investee company, or (ii) HK$30 million, whichever is the lower. It would later evolve to become a fund of funds, that placed its capital in Venture Capital firms and funds in developing countries, Nigeria inclusive.Aggregate amount of investments in an investee company not more than HK$50 million and IT Venture Fund investments target companies capable of breaking into large, international markets.The renowned Silicon Valley group, which made. Aggregate amount of matching investments with a CP not more than HK$400 million The venture capital giant Sequoia Capital is splitting its China business into a separate entity amid rising tensions between Washington and Beijing.Co-invest at a matching ratio of approximately 1(ITVF): 2 (CP). Fast and decisive, we dont have the constraints of most venture capital funds which have broader remits and obligations to their investors and limited.Target to co-invest in eligible local I&T startups.it and its subsidiar(ies) (if any) have a total number of employees (including Hong Kong, Mainland China and overseas offices) being less than 250.it or its subsidiar(ies) (if any) have been engaging in I&T business, covering any part of the research and development or production chain in Hong Kong and.it or its wholly-owned Hong Kong company was incorporated under the Companies Ordinance within the last seven years and with one of its offices (headquarter or regional office) or its main business operation or its key management or leadership team being located in Hong Kong Liberty Global Ventures, our global investment arm, has a portfolio of more than 75 companies and funds in the fields of content, technology and.The ITVF, through a special-purpose vehicle "The Innovation and Technology Venture Fund Corporation" (ITVFC), will co-invest with VC funds selected as Co-investment Partners (CPs) in eligible local I&T startups (investee company).Īn "eligible local I&T startup" must meet the following criteria:. The Government has set up a HK$2 billion Innovation and Technology Venture Fund (ITVF) in 2017 with a view to attracting more venture capital (VC) funds to co-invest in local innovation and technology (I&T) startups in Hong Kong.
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