Hong Kong

Startup Funding in Hong Kong: University Programmes for Student Founders and Early-Stage Startups

If you are building a startup in Hong Kong, your first source of support may be closer than you think.

Updated

May 7, 2026 1:16 PM

Main Building of the University of Hong Kong. PHOTO: ADOBE STOCK

Across Hong Kong’s public universities, entrepreneurship is now part of the campus ecosystem. Many universities offer startup funding, mentorship, training, workspace, investor access and pathways into larger incubation programmes such as Hong Kong Science and Technology Park (HKSTP) and Cyberport.

For student founders, researchers and alumni, this can be a useful place to begin. You may be able to test an idea, build a prototype, form a company or apply for early funding through your own university before looking for external investors.  

The challenge is knowing where to start. Each university has its own startup programmes, eligibility rules and funding structure. Some are designed for student ideas. Others are built for research commercialization, deep tech ventures or startups already preparing to raise investment. Below is a practical guide to startup support and university startup funding at five major publicly funded universities in Hong Kong.

The University of Hong Kong (HKU): Startup support for student founders, deep tech and research commercialization
The Centennial Campus of the University of Hong Kong. PHOTO: ADOBE STOCK

HKU offers a wide range of entrepreneurship support through HKU Techno-Entrepreneurship Core, also known as HKU TEC. Its programmes cover early ideas, deep tech projects, Greater Bay Area (GBA) expansion, research commercialization and investor matching.

HKU is especially relevant for founders working with university research, intellectual property or technology-led business ideas. It also has entry-level support for students and graduates who are still testing an idea.

HKU startup programme Who it is for Funding or investment Key eligibility points Main support
HKU SEED Programme Early-stage student and graduate startup ideas Opportunity to receive up to HK$100,000 through the HKSTP Ideation Programme The principal applicant must be an HKU member with at least 20% ownership. Open to individual, team or Hong Kong company applicants. Three-week entrepreneurship training, coaching, HKSTP Ideation pathway, iDendron membership for awardees, networking and competition nomination.
HKU DeepTech100+ Deep tech projects and research-backed startups Up to HK$1.39 million The person-in-charge must be an HKU member with at least 20% ownership, or the startup must be an HKU IP licensee. One-year HKU TEC and HKSTP co-incubation, training, HKSTP facilities, iDendron membership and fast-track route to HKSTP incubation.
Tech-Up GBA Innovators Programme HKU-linked startups expanding into the Greater Bay Area Up to HK$600,000, including grant and interest-free loan components The startup team must include HKU linkage or HKU IP. Young entrepreneur rules (e.g. the PIC and core team members must be between the ages of 18 and 39) also apply. Up to two years of mentorship, GBA training, workspace in Hong Kong and Shenzhen/Qianhai, professional services and market access support.
TSSSU@HKU (Technology Start-Up Support Scheme for Universities) HKU technology startups moving toward HK$400,000 to HK$1.5 million per year, for up to three years under each track The applying startup must have at least two members. The PIC must be an HKU student, staff member or alumnus. HKU members must hold at least 20% ownership in total. R&D funding, business setup support, iDendron membership, networking and possible Qianhai grant matching.
HKU Entrepreneurship Engine Fund (EEF) HKU-linked startups raising seed to Series A capital Investment partners may invest US$0.5 million to US$5 million At least 20% ownership must be held by HKU members, or the startup must license HKU IP. Connection to EEF investment partners for independent evaluation.
iDendron@HKU HKU founders needing workspace and community support Not applicable HKU-linked founders and eligible startups. Co-working space, hot desks (HK$900 for six months), meeting rooms, mentoring, events and startup community access.

Best fit: HKU works well for student founders, researchers and alumni who want a structured route from idea stage to technology commercialization.

City University of Hong Kong (CityUHK): HK Tech 300 and a clear startup pathway
City University of Hong Kong. PHOTO: ADOBE STOCK

CityUHK’s main startup platform is HK Tech 300. It is one of the clearest university startup pathways in Hong Kong because it is built in stages: training, seed funding, angel investment and access to external funding.

The programme is open to CityUHK students, alumni, research staff and members of the public using CityUHK intellectual property or technology.

CityUHK startup programme Who it is for Funding or investment Key eligibility points Main support
HK Tech 300 Training Teams learning startup basics Sponsored training worth more than HK$10,000 per project team Open to eligible CityUHK-linked teams and external founders using CityUHK IP or technology. Startup basics, business plan development, pitching and team formation.
HK Tech 300 Seed Fund Early teams turning ideas into startups HK$100,000 per successful team Person-in-charge must show association with CityUHK. 6 to 12 months of funding support, product development milestones and preparation for Angel Fund application.
HK Tech 300 Angel Fund Startups ready to validate a business model Up to HK$1 million angel investment Usually for eligible teams after Seed Fund progress or equivalent readiness. Business model validation, MVP development, investor exposure and incubation support.
HK Tech 300 Launching Stage Startups ready for larger support Access to external funds of up to HK$10 million For eligible startups after the incubation phase. Referrals to ITC, HKSTP, Cyberport and other partner programmes.
HK Tech 300 International and National Startup Competitions Startups entering CityUHK’s ecosystem through competitions Competition-linked opportunities, including access to HK Tech 300 support Competition-specific rules apply. Pitching, exposure, business matching and possible funding pathways.

Best fit: CityUHK is a strong choice for founders who want a step-by-step startup journey with clear funding stages.

Hong Kong University of Science and Technology (HKUST): Startup funding for tech founders and research teams
Hong Kong University of Science and Technology. PHOTO: ADOBE STOCK

HKUST has a broad startup ecosystem with support for students, alumni, researchers and faculty. Its entrepreneurship pathway covers idea exploration, prototyping, MVP testing, research commercialization and investment.

The university’s startup support is especially strong for technology companies, deep tech projects and teams commercialising HKUST research.

HKUST startup programme Who it is for Funding or investment Key eligibility points Main support
HHKUST IPIC Incubation - HKUST IPIC Incubation - Stage 1 Ideation (Through Entrepreneurship 101 Training or Entrepreneurship Bootcamp) Students, alumni, researchers and faculty across different startup stages Stage 1 includes HK$3,000 in-kind company registration support HKUST-linked founders. Structured pathway from ideation to prototyping, implementation and commercialization.
Stage 2 Prototyping (Through HKUST Dream Builder) Student-led teams building a proof of concept or MVP Up to HK$100,000 per startup team The main applicant must be a full-time current HKUST student. At least two full-time current HKUST students must play founder or co-founder roles. Funding, training, mentorship, workspace at theBASE and external outreach.
Stage 3 Implementation (Through HKUST x HKSTP Co-Ideation Programme) Early-stage HKUST-linked startups Up to HK$100,000 The team must include at least one HKUST member. HKUST members must hold at least 10% ownership if a company is formed. Six-month programme, three milestones, coaching, HKSTP training and preparation for HKSTP incubation.
Lo Kwee Seong Tech-Ship Fund Faculty-student teams commercializing HKUST research Extra support of up to HK$200,000 is listed through HKUST’s IPIC pathway Faculty research and student entrepreneurship collaboration. Commercialization support for faculty technologies and student startup teams.
Bridge Gap Fund HKUST researchers developing university IP for commercial use Typically up to HK$500,000 for 12 months Must use HKUST IP. PI must be full-time HKUST faculty. Prototype development, market research, customer discovery, IP development and DeepTech Incubation Programme access.
TSSSU@HKUST HKUST technology startups commercializing R&D Up to HK$1.5 million per year under TSSSU-O or TSSSU+ The applying company must be registered in Hong Kong. HKUST members must usually hold at least 10% ownership. Startup setup, R&D, manpower, equipment, promotion and marketing support
HKUST Entrepreneurship Fund(E-Fund) HKUST technology startups raising investment Initial investment up to HK$5 million per startup The applying startup must be at least 10% owned by HKUST faculty, staff, students or alumni and established for no more than seven years. Early-stage investment, co-investment model and long-term capital support.
HKUST Greater Bay Area Youth Entrepreneurship Fund Programme Young HKUST-linked founders building in Hong Kong or the GBA Up to HK$250,000 HKUST-linked founder requirements and youth entrepreneur rules apply. GBA startup funding, mentorship, product development and market expansion support
RAISe+ Scheme via HKUST Research teams with large-scale commercialization potential Scheme-level support can range from HK$10 million to HK$100 million per approved project Research commercialization teams with industry-matching requirements. Large-scale R&D transformation and commercialization support

Best fit: HKUST is especially useful for tech startups, deep tech teams and founders who need a route from prototype to commercialization.

The Hong Kong Polytechnic University (PolyU): Startup funding for product, applied research and GBA expansion
Hong Kong Polytechnic University. PHOTO: ADOBE STOCK

PolyU’s startup support is practical and product-focused. Its programmes cover early ideas, seed-stage teams, Greater Bay Area expansion, translational research and investment.

This makes PolyU a good fit for founders working on engineering, hardware, applied technology, social impact or commercialization of university research.

PolyU Startup programme Who it is for Funding or investment Key eligibility points Main support
Ideation Funding Scheme Student teams with early ideas HK$5,000 basic prize, with possible nomination to other entrepreneurship programmes The team must be formed by PolyU students. The principal applicant must be a current student of the collaborating faculty or school. Early idea validation and entrepreneurship learning
PolyVentures Micro Fund Scheme Seed-stage teams preparing to form a startup or have incorporated companies within 24 months Up to HK$1.41 million in total support from PolyU and HKSTP Ideation or Incubation routes The principal applicant can be a current student, alumnus, staff member, translational startup postdoc or key owner-operator of a PolyU technology licensee. HK$20,000 cash prize for shortlisted teams, HK$100,000 PolyU Seed Fund for awardees, HKSTP pathway and mentorship
PolyU GBA Innovation and Entrepreneurship Incubation Programme Young entrepreneurs entering the Greater Bay Area market HK$600,000 seed funding Funding is granted to the successful applicant’s Hong Kong limited company and released by milestones. Two-year incubation, mentorship, training, expert advice, Hong Kong and mainland co-working spaces and GBA network access
Translational Startup Postdoc Programme Recent PhD graduates commercializing PolyU research Annual remuneration of up to HK$348,000 and project support, including prototyping (a maximum of HK$50,000 per year) and outreach funding (a maximum of HK$15,000 per year) Applicant needs a PolyU academic supervisor and a recent or near-completed doctoral degree. Free workspace at InnoHub, mentorship, KTEO support, investor access and pathways to Micro Fund, Angel Fund and EIF
PolyVentures Angel Fund Scheme / TSSSU route Technology startups needing larger commercialization support Up to HK$800,000 matching fund of up to three years The applying startup team must include PolyU linkage and meet the scheme requirements. Startup setup, R&D, manpower, equipment, marketing and commercialization support
PolyU Entrepreneurship Investment Fund (EIF) PolyU-linked startups raising early-stage investment Up to HK$4 million The applying startup must have at least one PolyU member holding at least 10% equity or must license PolyU IP. Equity, convertible note or SAFE investment, co-investment support, R&D facilities, mentoring and industry networks
RAISe+ Scheme via PolyU (EIF) Research teams commercializing major R&D outcomes Scheme-level support can reach HK$10 million to HK$100 million per approved project Research commercialization and industry matching requirements apply. Large-scale research transformation and commercialization support
ASCEND Tech for Good Programme (EIF) Youth-led tech-for-good startups Up to HK$3 million per successful applicant Hong Kong-registered startup or company with youth-led requirements. Two-year incubation and support for digital equity and social impact ventures

Best fit: PolyU is well suited for product-led startups, applied technology projects, GBA expansion and founders who want industry-facing support.

The Chinese University of Hong Kong (CUHK): Startup support from idea stage to technology commercialization
Chung Chi College, Chinese University of Hong Kong. PHOTO: ADOBE STOCK

CUHK offers support for student founders, researchers and alumni through the Pi Centre and the Knowledge Transfer Office. Its ecosystem covers pre-incubation, TSSSU funding, early translational research, social impact projects and Greater Bay Area entrepreneurship.

CUHK is especially useful for students who want to start with an idea and later move into funding, mentorship or external incubation.

CUHK Startup programme Who it is for Funding or investment Key eligibility points Main support
PILOTS Lite x HKSTP Co-Ideation / Pi Centre CUHK students at the idea or pre-incubation stage Up to HK$130,000 Open to CUHK undergraduate and postgraduate students, full-time or part-time. The principal applicant must be a current CUHK student. Applicants must not already have registered a business for the project. One-year programme, seed funding, workshops, mentoring, networking, free co-working space and fast-track preparation for incubators
TSSSU@CUHK CUHK technology startups commercializing R&D TSSSU-O: up to HK$600,000 per year. TSSSU+: up to HK$1 million per year in matching funds. Both can run for up to three years The PIC must be a current full-time student, current full-time professor or alumnus who graduated within the last 36 months. Technology readiness requirements apply. Financial support, potential HKSTP incubation, investor access, industry partner access and mentorship
IdeaBooster Fund @CUHK CUHK researchers developing early translational projects HKD 100,000 – HKD 200,000 per project Mainly for full-time CUHK academic staff, eligible teaching or research staff and selected postgraduate research students case by case. Early project development, impact-focused research translation and fast-track interview opportunity with HKSTP Co-Ideation
Knowledge Transfer Venture Impact Fund Knowledge Transfer Venture Impact Fund (KT-VIF) @CUHK CUHK academic-led ventures with scalable social impact Up to HK$300,000 for two years Mainly for CUHK professoriate or research academic staff-led teams. Business development consultancy, publicity support and partnership liaison
Knowledge Transfer Impact Project Fund (KT-IPF) @CUHK Late-prototype research projects with social innovation potential Up to HK$200,000 Mainly for full-time CUHK staff on professoriate or research academic ranks. The venture must be CUHK-affiliated and have been incorporated for more than three years. Support for turning research-based prototypes into real-world social-impact solutions
Greater Bay Area Entrepreneurship Scheme / BESGO FoundRise CUHK students and young alumni building GBA-focused ventures Up to HK$600,000 per selected team Students and young alumni, with scheme-specific selection. Two-year funding and incubation, mentorship, expert guidance and GBA venture-building support
RAISe+ via CUHK Research teams with large-scale commercialization potential Scheme-level support can reach HK$10 million to HK$100 million per approved project University research commercialization teams. Large-scale R&D commercialization and industry matching
ASCEND Tech for Good Programme (EIF) Youth-led tech-for-good startups Up to HK$3 million per successful applicant Hong Kong-registered startup or company with youth-led requirements. Two-year incubation and support for digital equity and social impact ventures

Best fit: CUHK is a good starting point for student founders who need pre-incubation support, and for researchers moving early-stage ideas toward commercial use.

Which Hong Kong university startup programme should you choose?

There is no single best programme for every founder. The right choice depends on your stage, your university connection and the type of startup you are building.

Founder stage Good starting points
You have an idea but no company yet HKU SEED, CityUHK HK Tech 300 Training, HKUST Dream Builder, PolyU Ideation Funding Scheme, CUHK Pi Centre
You are building a prototype or MVP HKUST Dream Builder, HKUST x HKSTP Co-Ideation, CityUHK Seed Fund, PolyU Micro Fund, CUHK PILOTS Lite
You are commercializing university research or IP HKU DeepTech100+, HKU TSSSU, HKUST Bridge Gap Fund, HKUST TSSSU, PolyU EIF, CUHK TSSSU
You want Greater Bay Area startup support HKU Tech-Up GBA, PolyU GBA Innovation and Entrepreneurship Incubation Programme, HKUST GBA Youth Entrepreneurship Fund, CUHK GBA Entrepreneurship Scheme
You are ready for investment You are commercializing university research or IP HKU EEF, CityUHK Angel Fund, HKUST E-Fund, PolyU EIF

The bottom line

Hong Kong’s university startup ecosystem is bigger than many founders realize. If you are a student, alumnus, researcher or university-linked founder, your campus may already offer a route into funding, mentorship, workspace and incubation.

The key is to choose a programme that matches your current stage. Some founders should start with idea validation. Others may be ready for seed funding, TSSSU support or investment.

Before applying, check the latest deadline and eligibility rules on the official university page. These programmes change often, and some funding rounds open only once or twice a year.

Keep Reading

Strategy & Leadership

5 Unusual Startups That Will Blow Your Mind

Weird, wonderful and winning.

Updated

January 8, 2026 6:33 PM

A group of entrepreneurs coming up with different ideas. PHOTO: FREEPIK

If startup success stories usually make you picture cutting-edge tech, you might be missing a big part of the picture. Sometimes, the weirdest ideas shine the brightest, making real money and delighting both founders and customers. From ordinary rocks turned into pets to renting live chickens, these unusual startups show how far creativity and a pinch of humor can go.  

If you think the business world is all suits and serious pitches, think again—welcome to the wonderfully weird side of entrepreneurship.

1. Pet Rock: The low-maintenance pet
A small nest of straw cradles a hand-painted pet rock in the middle. PHOTO: PET ROCK

Owning a pet is a joy, but let’s be honest—it’s also a handful. Between shedding fur, endless feeding schedules, surprise messes and finding a sitter when you’re away, pet parenting is not exactly effortless.  

Back in 1975, an advertising executive named Gary Dahl found himself joking about this very problem over drinks with friends. His solution for the “perfect” pet: a rock. No feeding, no walking, no grooming and absolutely no accidents on the carpet.

What started as a joke quickly snowballed into a real business. Smooth stones were sourced from Rosarito Beach in Mexico, then packed in playful cardboard “pet carrier” boxes with little air holes and a bed of straw. To make the experience even more cheeky, every Pet Rock came with a care manual that instructed owners to give their new companion sunlight, affection and, of course, a name.

It was absurd and hilarious, but it worked. Selling at US$3.95 apiece in the ’70s, Pet Rocks became a cultural phenomenon. Today, you can still find them on Amazon, but they will now set you back around US$29.99 or more. Would you bring home a Pet Rock? People in the ’70s sure did.

2. Rent The Chicken: Bringing fresh eggs home
A small flock of chickens on a grass field. PHOTO: UNSPLASH

Back in 2013, Phil and Jenn Tompkins a couple duo, launched the company "Rent The Chicken" with one straightforward goal: give people a chance to try raising backyard hens and enjoy fresh eggs without the long-term commitment.  

Through partnerships with local farmers across the U.S. and Canada, this backyard chicken rental startup brings egg-laying hens straight to people’s yards. It offers different rental packages, but a standard six-month rental costs around US$500. This usually includes two hens ready to lay within days, a portable coop, feed, food and water dishes and expert support for any chicken-related questions.

The chickens arrive in spring and stay until fall. When the season ends, families can choose to return the hens, extend the rental or even buy them for about US$40 each at the end of the contract.

Today, the company works with partners in 29 states, from Oregon to Texas, and in parts of Canadain p. For people outside those areas, an out-of-area purchase package that comes with three hens can be shipped anywhere in the 48 contiguous states in the U.S. for about US$1,550.

In a way, it’s a fun and hands-on path to food security — giving families the joy of collecting their own eggs and knowing exactly where their breakfast comes from.

3. I Want to Draw a Cat For You: Personalized purr-fect artwork
Colorful cat cartoons in a playful, simple drawing. PHOTO: I WANT TO DRAW A CAT FOR YOU

By day, Gadlin worked as a full-time web developer for a television broadcasting company. Outside of work, he poured his energy into comedy and writing. That creative streak took him back to high school days, when he had drawn silly cats for a comic series called Silly Cats Comic.

With those doodles as his foundation and a bit of basic design know-how, Gadlin launched his website, “I Want to Draw a Cat For You” in 2011. The concept was as simple as it was funny: visitors would describe the cat of their dreams and Gadlin would personally hand-draw it, then send it their way.  

This quirky startup idea landed him on Shark Tank, where he secured an offer of US$25,000 from investor Mark Cuban for a 33% stake in the business. Not bad for stick-figure cats.

When the site first launched, customers could pay extra US$5 for colour. Shipping cost US$1 if they didn’t mind the drawing arriving in a folded envelope, or US$5 for a flat mailer. For delivery within 48 hours, there was a US$19.95 rush fee that many customers were happy to pay.  

These days, Gadlin leans more on digital delivery and limited runs of his cat drawings at US$50, rather than mailing every single piece of his art. What he once described as “mediocre cat drawings” has become proof that a simple, original idea can claw its way into the startup world.

4. Rent-A-Friend: Friendly companionship for hire
Friends taking selfies at a lively outdoor get-together. PHOTO: UNSPLASH

Imagine arriving in a new city with no one to show you around. That is exactly the kind of situation where RentAFriend can help.  

Launched in 2009 by Scott Rosenbaum, the unusual business was inspired by Japan’s “rental family” services, where people can hire a friend, a date or even a parent for a short period. Rosenbaum saw an opportunity to adapt that concept for North America, but with a focus strictly on platonic friendship.

Here’s how it works: Anyone can sign up as a “friend” for free by creating a profile, listing their interests and setting an hourly rate. People who want to hire pay a membership fee, typically around US$24.95 a month, to connect with friends across the platform.  

With a rented friend, you can do pretty much anything platonic. Go sightseeing, hit a museum, catch a game, work out together or even bring them along to a party or family event. At its heart, RentAFriend connects people who need company with those happy to earn a little extra simply by being one.

5. Entomo Farms: Farming crickets for protein
At Entomo Farm, roasted crickets sit alongside cardboard boxes built for sustainable cricket farming. PHOTO: ENTOMO FARMS

Back in 2014, in the small town of Norwood, Ontario, Canada, three brothers—Jarrod, Darren and Ryan Goldin, set out to do something that sounded downright bizarre at the time: farm crickets for people to eat.

The idea first struck Jarrod after he saw a cricket-based nutrition bar on television. Around the same time, the UN released a report on edible insects as a sustainable food source. Suddenly, the “weird” idea didn’t seem so weird after all.

At Entomo Farms, crickets are raised in cage-free “cricket condos”, where they live in warm, dark spaces that mimic their natural habitat. They’re fed and cared for until they reach about six or seven weeks old, then humanely harvested using a CO₂ method. From there, they’re rinsed, roasted and ground into a fine powder—no additives, just pure cricket protein.

The appeal goes beyond novelty. Crickets are packed with nutrients and need far less land, feed and water than beef, making them both healthy and eco-friendly.

While their approach may seem unconventional, what drives Entomo Farms is simple: making sustainable, responsible food accessible to everyone.

Final thoughts

These startups prove that innovation doesn’t always wear a serious face. Sometimes, it turns up wrapped in humor, curiosity or even a touch of absurdity, yet still manages to spark real change. From crickets turned into protein to chickens rented out by the season, each weird startup idea shows that entrepreneurship thrives when people dare to think differently.

While some of these unusual business ideas burned bright then faded, others are still evolving in the background, shifting from fads to niche services or steady, quiet companies. What they share is a willingness to test an idea most people would dismiss at first glance.

That is the real takeaway for founders. Weird startup ideas will not always scale into unicorns, yet they can test new consumer habits, open up fresh markets and shape culture in surprising ways. If you are building something new, there is space for products that make people laugh, think or raise an eyebrow before they reach for their wallet.