HKSTP-PolyU Tech Incubation Fund Scheme (the TIF Scheme) is an initiative to encourage and support PolyU members to start up technology businesses and commercialize their research and development (R&D) results, with the funding source from the Innovation and Technology Commission (ITC) under Technology Start-up Support Scheme for Universities (TSSSU). Under the TIF Scheme, PolyU partners Hong Kong Science and Technology Parks Corporation (HKSTP) to jointly provide each approved start-up with: (1) a seed fund (Fund) up to HK$100,000 to support their R&D, operation and marketing expenses within one government financial year; and (2) admission to HKSTP Incu-App / Incu-Tech / Incu-Bio programme[a].Each successful TIF applicant may have access to a package of financial aid valued up to HK$745,000[b] during the incubation period. Funding and Support The TIF Scheme for FY2016-17 (1 April 2016 - 31 March 2017) is now open for application. In addition to a seed fund of up to HK$100,000, an official offer of admission to the HKSTP Incu-App/Incu-Tech/Incu-Bio programme will be extended to an approved start-up subject to all the eligibility requirements of the respective incubation programme. The approved start-up will have access to other entrepreneurial support services of both PolyU and HKSTP, including structured training workshops, business networking opportunities, mentorship programme, etc., subject to related terms & conditions. [a] The applying team/company must satisfy relevant conditions set out by HKSTP before they can be officially admitted to the incubation programme. [b] The maximum financial aid package is calculated on the assumption that an approved start-up fully claims all HK$100,000 seed fund from PolyU and the entitlement under the HKSTP Incu-Tech programme.