Loading organizations...
The Innovation and Technology Venture Fund (ITVF), based in Tseung Kwan O, Hong Kong, is a government fund that co-invests with selected venture capital partners in local innovation and technology startups. Operating through the Innovation and Technology Venture Fund Corporation, it supports startups via both co-investment and fund manager models, focusing on strategic industries such as artificial intelligence, data science, and life and health technology. With an initial capital of HK$2 billion, ITVF has made approximately 200 investments since its inception. In 2024, HK$1.5 billion was redeployed to establish joint funds with market partners on a matching basis. Managed by the Innovation and Technology Commission, the fund was launched in 2017 by the Hong Kong SAR Government, with Nicholas Yang involved in its initial rollout.
Innovation and Technology Venture Fund has 4 tracked investments across 4 companies. The latest tracked deal is $150.0M Series B in Qupital in November 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 9, 2021 | Qupital | $150.0M Series B | Greater BAY Area Homeland Development Fund | Alibaba Entrepreneurs Fund, MindWorks Ventures, Nordstar, Silverhorn |
| Jul 7, 2021 | Ignatica | $1.8M Other Equity | Innovation And Technology Venture Fund | — |
| Jan 29, 2021 | ICW | $5.7M Series A | Infinity Ventures | Integrated Capital, MindWorks Ventures |
| Dec 18, 2020 | Zeek | $10.0M Pre-Series A | — | LEE KA KIT, Caelus Asset Management, Chinachem Group, Elite Time, Hkstp Ventures, Philippines KHO Group Family, Radiant Tech Ventures, SF Express, SQ Capital Ventures |
