Company contribution will be HKD 750K per year matched 9:1
by ITC upon approval
– Total HK$7.5M/year/company (~US$1M)
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.