Calendar 2018-19

8 Part 1 • General Information Part 1 Technology Start-up Support Scheme for Universities (TSSSU), funded by the Innovation and Technology Commission (ITC), encourages both faculty members and students to start technology businesses and commercialize R&D results. Since the inauguration of the scheme in late 2014, the TSSSU has supported 38 startup companies with close to HK$20 million. A new Sustainable Knowledge Transfer Project Fund (S-KPF) was introduced in 2015 to provide seed funding for innovative social enterprises; sustainable ventures that are dedicated to applying professors’ research findings to solve some of our community’s problems. Six social enterprises have been launched under the S-KPF scheme to serve disadvantaged segments of the locals. To complement these schemes, CUHK offers mentorship and training workshops, and connects TSSSU companies to resources such as the Science Park, accelerators, and investors. Through TSSSU, the University’s intellectual property is translated into products and services to benefit the society. CUHK’s mentorship service has facilitated discussions between TSSSU startups and investors. Some startups have secured significant funding as a result. Finance Funding from the Hong Kong SAR government is the main source of income and constitutes 52% of the University’s revenue for capital and recurrent expenses. Income from tuition, programme and other fee, being the next important source of revenue, accounts for about 22% of total income. In addition, the University and its constituent Colleges have endowment funds at their disposal and also receive financial support from private donors for research and other designated purposes. The annual total income for the University is about HK$9.2 billion. Negotiations between the University and the government are conducted through University Grants Committee, which is the committee advising the government on the financial requirements of the University. Lands and Buildings The University campus, measuring 137 hectares including the newly granted land in Area 39, is located on a tract of land under lease from the government north of downtown Sha Tin in the New Territories. It commands a scenic view of Tolo Harbour to the north and Tide Cove to the east. The campus varies in elevation from 4.4 to 150 metres above sea level and has been carved from a rocky promontory into a number of plateaux to provide the sites for buildings of the University and its Colleges, as well as blocks of staff residences. To date, over 160 buildings, large and small, have been erected on this once barren hillside. Buildings for central activities, Morningside College and S.H. Ho College are located mainly at the mid-level. The expanse of land in the valley next to the University Station of the Mass Transit Railway (East Rail Line) is the campus