# Innovation and Technology Venture Fund

Innovation and Technology Venture Fund is a Venture Capital based in Hong Kong, Hong Kong.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Hong Kong, Hong Kong
- **Region:** Asia
- **Address:** 33/F, Shui On Centre 6-8 Harbour Road, Wan Chai, Hong Kong
- **Founded:** 2017
- **Assets under management:** 255 (Altss estimate)
- **Website:** www.itf.gov.hk
- **LinkedIn:** https://www.linkedin.com/company/itvf

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Venture Capital
- Information Technology
- Biotechnology
- Artificial Intelligence

## People

- Nicholas Hiu Fung Chan — Chairman

## 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.

### 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.

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- [Iowa Judicial Retirement System](https://altss.com/profile/iowa-judicial-retirement-system)
- [Illinois Institute of Technology](https://altss.com/profile/illinois-institute-of-technology)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/innovation-and-technology-venture-fund

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