The Hong Kong Polytechnic University Facilitating Academics in

The Hong Kong Polytechnic University Facilitating Academics in Creating Startups Aug 2020

Entrepreneurship Commercialisation Licensing Consultancy Contract Research Funding Incubation Infrastructure (Inno. Hub) Training BD & Networking Academic-led Startups

Academic-led Startup Venturing Why would you want to create a Startup? • For some (disruptive) technologies, creating startup would be a more viable option than licensing • Stronger command / authority to shape the commercialising pathway for your research technologies • Stronger incentive (as shareholders of startups) for you to commercialise their research technologies • Leverage government (e. g. TSSSU / TLF, ESS schemes) and private capital (through angels, VCs) to support the commercialisation through startups / spinouts • Create long-term impact of your research technologies compared to licensing to third parties 3

Academic-led Startup Venturing What does Poly. U provide to support your Startup Pursuit • Funding & Investments • Incubation – Joint incubation with HKSTP • Infrastructure Support – Inno. Hub HK (4/F of Y Core) & Inno. Hub SZ (SZ Base, Nanshan District) • Training • Investor Network • Business Advisory & Development Support • PR & Marketing 4

Academic-led Startup Venturing If. E Entrepreneurship: Nurturing Future Entrepreneurs and Poly. U Entrepreneurship – Holistic Support Framework Impactful Start-ups Embryonic Proof-of-Value Seed to Angel Growth (Pre. A) Scale Up • Poly. U Infrastructure and Support Resources (Inno. Hub, IC, lab facilities, knowledge network through faculties, incubation/co-incubation, Poly-preneurs, etc. ) in partnership with local and regional industry and investment networks Students / Alumni • POC Scheme • Extra/Co-Curriculum Education • Entrepreneurship Society Faculty / Research Postgrads New • Poly. U Micro Fund • Poly. U Maker Fund (with HAB funding) • Pre- & co-incubation support @ Inno. Hub HK/SZ, HKSTP, Cyberport, HK Design Centre, etc. (mentoring, business networks and advisory…) • Technology • LLP – Market Mapping • IP Pathfinding Bootcamp (Involving Strategic Industry Partners on commercialisation pathway) Validation Program for researchers & faculty members (with Industry partners / mentors) • GBA Start-up Postdoc Program • Tech Launchpad Fund / TSSSU (with ITC funding) • Incubation support @ Inno. Hub HK/SZ, HKSTP, Cyberport, etc. Scale up and Go-to-Market Support NEW: Poly. U Macro Fund (equity investment fund) : to support (1) further scale-up of Poly. U startups / spinouts and (2) academic-led startups of promising technologies at early stage - 5

Academic-led Startup Venturing If. E Entrepreneurship Achievements 300 62 Student Projects Supported 理大學生創業概念 900+ Entrepreneurs Nurtured 理大企業家 (as of 30 June 2020 截至 2020年 6月30日) 100, 000 Start-ups Supported 理大初創企業 HK$ Training Hours Offered 培訓時數 200+ International and Regional Awards 國際和地區獎項 430 M Follow-on Funding Secured 後續資金（港幣） 60%+ Survival Rate (after 3 years of operation) 三年存活率 6

Academic-led Startup Venturing Funding & Investments Poly. U Micro Fund Tech Launchpad Fund Poly. U Macro Fund ($120, 000 Seed Grant) (upto $1. 5 M Grant) (To launch soon) Poly. U Maker Fund (Upto $0. 6 M) Funder: UGC Funder: ITC Funder: Poly. U Funder: HAB Fund Size: ~$2 M / Year Fund Size: $8 M / Year Fund Size: $50 M (TBC) Fund Size: $6 M Partner: HKSTP, HKPC Partner: HKBAN, HKSTP Cyberport Investor Network, Ti. E HK Partner: MIT Innovation Node HK, FHKI, HKSTP, HAX 7

Academic-led Startup Venturing Infrastructure Support Inno. Hub HK (@ Y Core 4/F) • Launched in 2017 • Phase 2 development completed • ~9, 000 sq. ft. - work space, meeting rooms, exhibition space, open / common areas Inno. Hub SZ (@ SZ Base, Nanshan) • Launched in 2018 • Phase 2 renovation to complete by end 2020: expand from ~5, 000 to ~10, 000 sq. ft. – work space / rooms, meeting rooms, common areas, etc. 8

Academic-led Startup Venturing Entrepreneurship Training Poly. U Lean Launchpad Programme (LLP) • Market validation and Go-to-market acceleration of Poly. U research outcomes • 10 -week programme adopted from US NSF Innovation Corps & NUS Enterprise • Guided by industry mentors and trainers • 41 teams joined since 2018 Fundraising Bootcamp • 2 -Day Bootcamp for startups / founders to learn fundamentals of fundraising from investors • Investors as trainers • Guests from investment, legal and incubation sectors 9

Academic-led Startup Venturing Business Advisory / Development, PR & Marketing Business Consultation Clinic / Industry Mentoring & Advisory by Entrepreneurs-in-residence (EIRs) & Mentors Business Development Support introducing business partners, incubators, regional market explorations and more Investor Referral connecting potential investors / coinvestment through TLF / Macro Fund PR & Marketing organising press conference / media interview, events / exhibitions, overseas invention expo 10

Academic-led Startup Venturing Cases from FAST Poly. U Entrepreneurship Development – Cases from FAST Biofeedbank Smart Tanktop • Led by Dr Joanne Yip of ITC TLF 2020 Anti-microbial Nanoparticles • Led by Prof Pei Li of ABCT TLF 2020 • Licensed biofeedback smart tanktop for Adolescents with Early Scoliosis • Licensed anti-microbial nano-coating technology from Poly. U • Pilot launched in HK • To official launch the product in soon • Admitted to HKSTP Incu-Bio Programme • Supported by TLF fund of $1. 5 M • Raised around $2 M investments • Raised around $1. 5 M investments

Academic-led Startup Venturing Cases from FAST Poly. U Entrepreneurship Development – Cases from FAST Shenzhen Tozi Tech CEF 2017 TLF 2019 Advan. Pro Limited MF 2012 • Licensed the Image-based Precise 3 D Human Model Customisation technology from Poly. U • Licensed Fabric Sensing Technology from Poly. U • Developed and launched “ 1 Measure”, the world’s first smart body measuring app, in Jun 2017 • >RMB 50 M investments • Supported by TLF fund of $1 M • Raised further investments of RMB 13 M • Supported by Micro Fund in 2012 • Opened first production line at Zhuhai in end 2017

Academic-led Startup Venturing How can I build a Successful Tech Startup? • Strong IP / Research Technology (better to be a platform technology with multiple applications) • Strong Team with complementary knowledge, experience and skills - e. g. scientific / tech + business + design (maybe, more important for building consumer product) • Sound Value Proposition to target customer / market, with validated Product / Technology-Market Fit • Feasible, Sustainable and Scalable Business Model • Startup Fund / Capital (Funding from Poly. U, Government, Incubators, Angel / VC Investors) • Go-to-market Strategy (e. g. industry partners) 13

Academic-led Startup Venturing But…. it’s a daunting challenge! Huge gap from Lab to Market Valley of Death! 14

Academic-led Startup Venturing Then, how should I start? • Make proper protection about your IP / file your patent (through ITDO) • Talk to us at If. E on your plan / aspiration for commercialisation • Build a founding team • Apply for Poly. U funding support • Join Poly. U LLP Programme to look for Product-Market Fit • Joint-incubation with HKSTP Incu-Bio / Incu-Tech Programme • Take off your Startup! 15

Academic-led Startup Venturing Other Resources • HKSTP STEP / Incu-App / Incu-Tech / Incu-Bio / LEAP Programme • HKSTP Corporate Venture Capital Fund • Cyberport Incubation Programme / Creative Micro Fund / Macro Fund • Enterprise Support Scheme (ESS) – by ITC • Innovation Technology Venture Fund (ITVF) – by ITC • Patent Application Grant – by ITC & administered by HKPC • Public Sector Trial Schemes for Tech Companies conducting R&D Activities in HK (PSTS-TC) • Subsidy Scheme for Encouraging Early Development of 5 G • Bud Fund • ……. 16

Academic-led Startup Venturing Upcoming…. . TLF Fund Online Briefing Session: 27 Aug 2020 (1 – 2 pm) Register here: https: //www. polyu. edu. hk/ife/corp/ en/news_events/seminar_form_free. php? event=21247 Application Deadline: 21 Sep 2020 And more…. Co-organise with The Mills on Fashion Tech / Food Tech Industry IP Pathway Bootcamp…… Details will be announced when ready 17

For further information please contact: Kelvin Wong Raymond Chu Paul Wang kelvin. kt. wong@polyu. edu. hk raymond. cy. chu@polyu. edu. hk paul. p. wang@polyu. edu. hk The Institute for Entrepreneurship The Hong Kong Polytechnic University For further information please contact: Kelvin Wong kelvin. kt. wong@polyu. edu. hk Raymond Chu raymond. cy. chu@polyu. edu. hk Paul Wang paul. p. wang@polyu. edu. hk www. ife. polyu. edu. hk The Institute for Entrepreneurship The Hong Kong Polytechnic University www. ife. polyu. edu. hk