Hong Kong: I&T fund adds new partners
The Innovation & Technology Commission today announced that the Innovation & Technology Venture Fund has added three venture capital funds as co-investment partners.
The commission called for a new round of applications from venture capital funds to become co-investment partners of the fund early this year.
It received 11 applications.
Based on the assessment criteria including the venture capital fund s capability, its investment strategy and performance, its management team s expertise and experience and its local network and resources, as well as the advice of the fund’s advisory committee, the commission selected three co-investment partners at the first stage.