CUHK
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The Innovation and Technology Commission (ITC) of the Hong Kong government announced the results of applications for the inaugural Research, Academic and Industry Sectors One-plus Scheme (RAISe+ Scheme) and held a signing ceremony today (28 May). The Chinese University of Hong Kong (CUHK)’s research teams have been granted funding for seven projects, the highest number of awards among local institutions. This achievement highlights CUHK’s dedication to pioneering research and its commitment to nurturing industry collaborations.

The CUHK-led projects cover a diverse range of innovative areas from advanced engineering, biomedical to biotechnology, demonstrating a high level of technology readiness that enables the translation of research outcomes into downstream product developments. Their success clearly showcases the University’s powerful industry links and translational research capabilities. Aligning with the goal of the 14th Five-Year Plan to establish Hong Kong as an international innovation and technology hub, the University is poised to make substantial contributions to Hong Kong’s knowledge-based economy and create opportunities for talent development.

CUHK’s Pro-Vice-Chancellor (Research) Professor Sham Mai-har said, “CUHK is honoured to have seven projects funded in the inaugural RAISe+ Scheme, the highest number among all local institutions. The funded projects are a testament to CUHK’s global leadership in medicine, computer science and engineering.

“With many industry supported innovations, our CUHK researchers are ready to participate in the next round of the RAISe+ Scheme. We will continue to strive for excellence in scientific research and strengthen cooperation with industry to turn research discoveries into benefits for the community.”

The application threshold for the RAISe+ Scheme is very high, and the research teams are required to raise no less than half of the amount they apply for from commercial sources. The projects selected have to meet the Scheme’s requirements of realising R&D outcomes and launching product prototypes into the market in two phases. The Scheme’s funding will further enhance the projects’ R&D and promotional capabilities, commercialise the products, and support Hong Kong’s status as an international innovational and technology hub. 

About the Research, Academic and Industry Sectors One-plus Scheme (RAISe+ Scheme)

Launched in October 2023, the Research, Academic and Industry Sectors One-plus Scheme (RAISe+ Scheme) aims to unleash the potential of local universities in transforming and commercialising R&D outcomes, and facilitate collaboration among the Government, industry, university and research sectors. The RAISe+ Scheme will fund, on a matching basis, research teams in eight universities funded by the University Grants Committee that have the potential to become successful start-ups. Up to HK$100 million in funding support will be provided to each project that is approved.

*Updated with fact sheet and photos, following a press conference held at 2:00pm on 4 June 2024.