Hong Kong University of Science and Technology launches new fund

13 October 2025

Thierry Heles

The MoU was signed by Shin Cheul Kim, HKUST associate vice president for research and development (knowledge transfer) (first row, left), and Chibo Tang, managing partner of Gobi (first row, right). It was witnessed by Clara Chan, CEO of the HKIC (second row, center); Thomas Tsao, co-founder and chairperson of Gobi (second row, first right); and Edith Shih, HKUST council vice chairperson and chairperson of RIF (second row, first left).

The Hong Kong University of Science and Technology (HKUST) has partnered with venture capital firm Gobi Partners and the government-owned Hong Kong Investment Corporation (HKIC) to launch its second university venture fund.

The Gobi-Redbird Innovation Fund (Gobi-RIF) is part of HKUST’s Redbird Innovation Fund, set up in April 2024. The university has committed HK$500 million to it thus far.

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Thierry Heles is the founder and editor of The Next Leap. He has been writing about innovation ecosystems for over 12 years. His research has featured in the UK Spinout Review and University-Investor Review, the Financial Times, and the Wall Street Journal, among others.