Hong Kong to launch $256m fund to invest alongside VCs
The Hong Kong government will create a HK$2 billion ($256 million) fund that will co-invest in start-ups alongside venture capital funds on a matching basis. It is one of a number of initiatives intended to bolster innovation and technology in the territory.
The fund was announced by Hong Kong Chief Executive C.Y. Leung in his 2016 policy address. A further HK$200 million will be used to establish a Cyberport Macro Fund for investment in information and communication...
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