The Innovation and Technology Commission has released HK$469.05 million from the HK$5 billion Innovation and Technology Fund, to help technology start-ups, to the end of August.
Of 939 applications, 210 were approved during the period.
A total of 67 projects worth HK$287.75 million have been approved under the innovation and technology support programme, which supports research and development by university and industry organisations.
The university-industry collaboration programme had 62 approved projects worth HK$92.31 million.
PharmacoGenetics, a Hong Kong University of Science and Technology-supported company started by its professors, has been approved to receive up to HK$2 million under the small entrepreneur research assistance programme.
Chairman Hannah Hong Xue said the company aimed to build a genetics database on the Chinese population to identify disease-related genes.
