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Viva Ventures Biotech Announced as Co-investment Partner of HK ITVF

On August 26,2021,the Hong Kong Innovation and Technology Commission announced that the Innovation and Technology Venture Fund (ITVF) has added Viva Ventures Biotech, LP. as one of the co-investment partners (CPs).

ITVF aims to encourage VC investment in local I&T start-ups and creating a more vibrant I&T ecosystem in Hong Kong. The Innovation and Technology Commission selects CPs based on the assessment criteria including the VC fund's capability, its investment strategy and performance, its management team's expertise and experience and its local network and resources, as well as the advice of the ITVF Advisory Committee.

 

As the co-investment partner, Viva Ventures is responsible for recommending suitable investment targets to the Commission. The Commission will co-invest with the CPs at a ratio of approximately 1 (Government): 2 (CP) in eligible local start-ups.

 

Click to read: Innovation and Technology Venture Fund adds two co-investment partners

About ITVF

www.itf.gov.hk/l-tc/ITVF.asp

About Viva Ventures Biotech

Viva Ventures Biotech is a VC fund focuses on investments in global first-in-class, discovery-stage biotech startups with significant growth potential, and helps them from 0 to 1, idea to NewCo. Viva Ventures is one of very few biotech VCs that have extensive expertise and industry know-how for early-stage investments.


This website is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security; nor does it constitute an offer to provide investment advisory or other services by Viva Ventures Biotech Fund or any of our affiliates. Nothing contained on the website constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed on this website should not be taken as advice to buy, sell, or hold any security or as an endorsement of any security or company. In preparing the information contained in this website, Viva Ventures Biotech has not taken into account the investment needs, objectives, and financial circumstances of any particular investor, and investments and companies referenced may not be suitable for all investors. Any views expressed on this website by Viva Ventures biotech were prepared based upon information, believed to be reliable, available to it at the time such views were written. Viva Ventures Biotech makes no guarantees as to their accuracy or completeness. All information is subject to change and may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances. By accessing this website, the reader agrees that he/she not copy, reproduce, republish, upload, post, transmit, alter, or distribute in any way material from this website in any manner inconsistent with the purposes for which it is offered without the prior written consent of Viva Ventures Biotech.

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