<article>Hong Kong-based <a href="https://www.dealstreetasia.com/tag/Beyond-Ventures/">Beyond Ventures</a> has become one of the co-investment partners to the Innovation and Technology Venture Fund (ITVF), a vehicle launched to encourage private investment in local technology start-ups.</article>

Hong Kong-based <a href="https://www.dealstreetasia.com/tag/Beyond-Ventures/">Beyond Ventures</a> has become one of the co-investment partners to the Innovation and Technology Venture Fund (ITVF), a vehicle launched to encourage private investment in local technology start-ups.
By becoming an ITVF investment partner, Beyond Ventures can draw up to HK$1.2 billion ($153 million) to invest in local innovation and technology startups. The maximum amount for each co-investment partner is capped at HK$400 million ($60 million), according to a statement.
This will enable Beyond Ventures to help Hong Kong startups grow and extend their business networks throughout China, other parts of Asia and around the world.
“The ITVF is one of many initiatives the HKSAR Government has launched to bring about a more vibrant innovation and technology ecosystem in Hong Kong, while harnessing venture capital expertise to help out,” said Lap Man, Co-Founder and Managing Partner of Beyond Ventures.
Beyond Ventures is a new venture capital fund backed by China’s Hony Capital which manages more than $10 billion in assets.
The sharpest areas of focus for Beyond Ventures are technology, media and telecommunications, as well as biotech, artificial intelligence and health care.
In June, the Hong Kong-based VC firm partnered with Brizan Investments to jointly invest $10 million into ePropulsion Innovation, a provider of electric propulsion kits.
The HKSAR Government’s 2016 Policy Address announced an intention to set aside HK$2 billion ($255 million) to establish the ITVF, with the aim of encouraging venture capital funds to invest in technology start-ups. ITVF funding was approved by the Finance Committee of the Legislative Council on 12 July 2016.
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Hong Kong-based Beyond Ventures has become one of the Co-investment Partners to the Innovation and Technology Venture Fund (ITVF), a vehicle launched to encourage private investment in local technology start-ups.

Hony Capital-backed Beyond Ventures becomes co-investment partner for ITVF

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Hony Capital-backed Beyond Ventures becomes co-investment partner for ITVF

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