The HKUST Entrepreneurship Program was introduced to assist faculty, staff and students in the establishment of technology-based start-up companies. It is the policy of the University to promote such activities for the benefit of the Hong Kong economy and society.
A policy statement addressing "Faculty Involvement in Start-up Companies and HKUST Entrepreneurship Program" was accepted by the University Administrative Committee on 4 May 1999, reported to the Standing Committee of the Council on 26 May 1999, and distributed as *Office of the Vice-President for Research and Development Circular No. 1/99 in July 1999. (*retitled as Office of the Vice-President for Research and Graduate Studies since 1 November 2010)