Angel Fund Scheme - HK$3M Fund

Eligibility:

1. The start-up must have a team of at least two members, including one PolyU Member¹ acting as the Person-in-Charge (PIC).
2. The start-up must be registered in Hong Kong for no more than 7 years as of January 15, 2025.
3. The start-up must have secured a minimum of HK$1M in private investment
4. The start-up must be either:

a)  Participating in or a graduate of a qualified pre-incubation, incubation, or acceleration program²; or

b)  Commercializing PolyU technology.

Note:

1. A ‘PolyU Member’ includes current students, alumni, and faculty members of PolyU.
2. Acceptable programmes include those offered by universities, public institutions, reputable NGOs, or private companies.

Funding Amount:

HK$1.5M secured private investment + Up to HK$1.5M dollar-to-dollar matching grant

No. of start-ups supported per cohort:

Around 6 - 8

Application Submission:

Each application must be submitted through the online application form along with the following supporting documents on or before the application deadline:

1. Investment Pitch Deck
2. 3-Minute Pitching Video on YouTube
3. Team Member CVs
4. Business Plan (in word format)
5. PolyU Affiliation Proof of PIC
6. Corporate Documents (CI, BR and Shareholding Structure)
7. Private Investment Proof (Investment Agreement/Term Sheet)
8. Additional Documents Required by PolyU

Note: The applicants shall upload all of the required documents to a cloud drive and share a valid link with us for downloading. 

The file name should follow this format: Your Project Name_Document Name (example: ABC_Pitch Deck.pdf)

Application Deadline:

1:00pm, 6 Nov 2024 (Wed)

Note: No late submissions will be accepted. APPLY HERE!

Timeline:

• Leaflet
• Angel Fund 2025-26 Guidelines & FAQ
• TSSSU Guidelines , FAQ & Annexes
• Declaration of Use of PolyU Knowledge/Innovations/Technologies

1. Purpose of Collection

The personal data provided by you to Knowledge Transfer and Entrepreneurship Office of The Hong Kong Polytechnic University (“PolyU”) will be collected, retained, processed, used and transferred (within or outside of Hong Kong) for the following purposes:

• Processing your inquiries, application, registration or request for services, activities and facilities;
• Facilitating communications with you;
• Facilitating implementation of PolyU’s policies and procedures, and monitoring compliance with the same;
• Enabling PolyU to comply with any applicable procedures, laws, regulations or court orders (in each case whether in Hong Kong or overseas), any requests by government, statutory, regulatory or law enforcement authority, and valid legal processes, ordinances obligations;
• Conducting quality assurance, surveys and review, statistical analysis, and research; and
• Other purposes directly relating to any of the above.

2. You are required to provide your personal data, other than those items indicated as optional. Failure to provide such data may lead to inability to process your application, registration or request for services, activities and facilities, or maintain contact with you.

3. Disclosure and Transfer of Personal Data

PolyU will keep your personal data confidential and only authorized members will have access to and handle your personal data. PolyU may disclose or transfer your personal data to PolyU staff, assessment panels, partners, service providers and contractors engaged in activities on behalf of PolyU within or outside Hong Kong solely for the purposes set out in paragraph 1 above.

PolyU may also disclose your personal data when authorized or required by law and in response to requests from law enforcement agencies, government departments or regulatory authorities, or where required to protect PolyU’s rights or properties.

4. Access and Correction of Personal Data
You have the right to request for access and correction of your personal data held by PolyU. Any data access and correction request according to the Ordinance should be made in writing to the Knowledge Transfer and Entrepreneurship Office at micro.fund@polyu.edu.hk . A fee may be imposed for processing your data access request.

5. Security, Accuracy and Retention of your Personal Data
PolyU takes reasonable precautions to prevent the loss, misappropriation, unauthorized access or destruction of your data. PolyU also takes reasonable steps to ensure that all personal data held by it is accurate, complete, correct and reliable for the intended use.
Your personal data will be retained by PolyU according to its policy on retention of data and records.

6. Privacy Policy Statement
You may refer to https://www.polyu.edu.hk/web/en/privacy_policy_statement/ for the Privacy Policy Statement of PolyU.