Updated:
Innovation and Technology Venture Fund
The Innovation and Technology Venture Fund was established in 2017 by the HKSAR Government. Nicholas Hiu Fung Chan serves as Chairman of its Advisory...
Innovation and Technology Venture Fund
The Innovation and Technology Venture Fund was established in 2017 by the HKSAR Government. Nicholas Hiu Fung Chan serves as Chairman of its Advisory Committee. The fund receives its capital allocation directly from the government and channels it through the Innovation and Technology Commission. The fund deploys capital through co-investments with selected partners including Beyond Ventures, Qiming Venture Partners, MindWorks Ventures and Radiant Tech Ventures. Confirmed holdings include Cornerstone Robotics, Heranova Lifesciences Holding, Zhanlue Data, Botsync Pte. Ltd., ShenZhen BayOmics Biotechnology and MingMed Biotechnology. Activity concentrates in Hong Kong and mainland China, with additional exposure in Singapore. The fund maintains an initial capital pool of 255 million USD and received an additional 192 million USD allocation redeployed during 2024 and 2025. It sponsored the StartmeupHK Festival in October 2024. Service providers include Squire Patton Boggs for legal counsel and KPMG China for audit. The fund is administered directly by the Innovation and Technology Commission under the HKSAR Government, creating a direct link between public capital allocation and private co-investment execution.
General information
Firm type
Venture Capital
Year founded
2017
AUM
255 (Altss estimate)
Location
Region
Asia
Country
Hong Kong
City
Hong Kong
Corporate office
33/F, Shui On Centre 6-8 Harbour Road, Wan Chai, Hong Kong
Principals
Nicholas Hiu Fung Chan
Chairman
Sector focus
Frequently asked questions
Who runs investment decisions at Innovation and Technology Venture Fund?
Nicholas Hiu Fung Chan chairs the Advisory Committee. The fund is administered by the Innovation and Technology Commission under the HKSAR Government.
Does Innovation and Technology Venture Fund participate in fund commitments or only direct deals?
The fund executes through co-investments alongside selected partners rather than primary fund commitments.
What investment stages does Innovation and Technology Venture Fund typically target?
The fund targets early stage seed and startup rounds as well as growth opportunities.
Where does the underlying wealth come from?
Capital originates from allocations by the HKSAR Government.
How is Innovation and Technology Venture Fund related to the Innovation and Technology Commission?
The fund is administered by the Innovation and Technology Commission under the HKSAR Government.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on venture capital firms?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: