Government announces third batch of projects recommended for funding support under RAISe+ Scheme
******************************************************************************************
The Secretary for Innovation, Technology and Industry, Professor Sun Dong, expressed his gratitude to the Steering Committee for vetting the new round of applications and the recommendations made. He said, "The third batch of projects recommended for funding support covers a wide range of innovation and technology (I&T) areas, including health and medical sciences, new materials and new energy, AI and robotics, computer science/information technology, electrical and electronic engineering, and advanced manufacturing, etc. It is a clear testament to Hong Kong's research and development (R&D) capabilities and vibrant I&T ecosystem. The Government will continue to proactively promote the commercialisation of local R&D outcomes through the RAISe+ Scheme, with the aim to fostering effective collaboration among the Government, industry, academia and research sectors, injecting new momentum into local I&T development, and expediting the development of Hong Kong into an international I&T centre, thereby contributing to high-level technological self-reliance of our country."
The ITC is following up with the universities concerned on the projects recommended for funding support for their smooth implementation, in order to nurture more I&T projects and start-ups with potential through the Scheme, thereby further driving Hong Kong's high-quality development.
With a funding allocation of $10 billion, the RAISe+ Scheme was launched in 2023 to fund, on a matching basis, research teams from the University Grants Committee-funded universities with good potential to become successful start-ups. Each approved project may receive funding support that ranges from $10 million to $100 million. Assessment criteria of the Scheme include the I&T component of the project, the commercial viability of project outcomes, the technical and management capability of the team, relevance of the project with Government policies or in the overall interest of the community, as well as the financial considerations of the project. In the first two rounds of applications, 49 projects were supported by the Scheme with the total Government funding commitment amounting to over $2 billion.
Details of the Scheme are available on its dedicated website (www.itf.gov.hk/en/raiseplus). For enquiries, please contact the Secretariat of the Scheme (Tel: 3543 5904; email: raiseplus@itc.gov.hk).
Ends/Monday, April 20, 2026
Issued at HKT 10:30
Issued at HKT 10:30
NNNN