Company contribution should be no less than HKD 500K per year matched 9:1
by ITC upon approval
One or more companies may act as sponsors but each must contribute equally and the minimum amount for any one company is HKD 250K per year
It is anticipated that the projects will be funded at HKD 3.5M to HKD 5M per year.
The contribution will be used to support the development of R&D projects of common interest with matching funding to be sought through the Innovation and Technology Support Programme (ITSP) of the HK SAR Government (www.itf.gov.hk). The relevant government department, the Innovation and Technology Commission (ITC), encourages the initiative of enhancing R&D collaboration of Hong Kong’s universities and industry with MIT’s alliance.