HKUST sets up Redbird Innovation Fund to pool $256m for startups in its ecosystem

HKUST sets up Redbird Innovation Fund to pool $256m for startups in its ecosystem

HKUST Treasurer and Council member Stephen Yiu Kin-Wah (center) and other HKUST senior leadership and guests officially launch the HKUST Redbird Innovation Fund. Photo from HKUST

The Hong Kong University of Science and Technology (HKUST) has set up the Redbird Innovation Fund, looking to collaborate with investment partners and create a pool of venture investment funds (VIFs) with up to HK$2 billion ($256 million) for financing into startups in its ecosystem.

Edited by: Joymitra Rai