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The HKUST Entrepreneurship Fund (E-Fund), based in Hong Kong, China, provides minority share investment capital to early-stage technology startups founded by or significantly owned by Hong Kong University of Science and Technology stakeholders. The fund, initially capitalized at HK$100 million, offers up to HK$5 million per startup, targeting companies with at least 10% HKUST stakeholder ownership and established for no more than seven years. It received an additional HK$50 million capital injection in 2023-2024, entering its second phase. Advisors include Marvin Lai, Brandon Ho-Ping Lin, Prof. Dit-Yan Yeung, and Hock Chuan Tam, while portfolio company Googol Technology listed on the Shenzhen Stock Exchange in August 2023. The HKUST Entrepreneurship Fund was established by the university in 2019.
HKUST Entrepreneurship Fund has 1 tracked investment across 1 company. The latest tracked deal is $5.0M Series A in Dayta AI in July 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 25, 2023 | Dayta AI | $5.0M Series A | Transcend Capital Partners, VU Venture Partners | Betabox Ventures, Māori Capital, Wings Capital Ventures |
