The Gobi-HKU Fund is a partnership between government, venture capital and the university.
The Hong Kong Investment Corporation, the government’s investment arm, VC Gobi Partners and the University of Hong Kong have launched a a fund to invest in the university’s spinouts.
The Gobi-HKU Fund 1 will invest in at least 10 projects originating from the university. It has already made two investments: Mainfold Tech, a developer of spatial intelligence technology for robotics, and AilsynBio, an AI drug design company.
“Some of the world’s most disruptive technologies are being built in the halls of Hong Kong’s universities. We are excited to partner with the University of Hong Kong to help bridge the gap between research and commercialisation, bringing breakthroughs in AI, robotics, biotech, and other critical sectors to the world,” said Chibo Tang, managing partner of Gobi Partners, in a release.
The fund partnership is similar to an investment vehicle launched last year to invest in spinouts from the Hong Kong University of Science and Technology. That fund, the Gobi-Redbird Innovation Fund, was also launched in partnership with the Hong Kong Investment Corporation and Gobi Partners.
