Seed funding is typically awarded on a competitive basis and requires project teams to outline their funding requirements, milestones, and expected outcomes in the project proposal submitted at the time of application. Dii’s selection committee evaluates these proposals based on the given selection criteria and the funding required by the project team.
Seed Funding
The DKU Innovation and Entrepreneurship Initiative provides seed funding opportunities to promising projects admitted into the incubation program. This seed funding is designed to support innovative research, and early-stage venture development activities, such as:
- Project research and development
- Data Acquisition and Analysis
- Participation in domestic and international academic conferences, seminars, workshops, etc.
- Prototype development and product testing
- Market research and customer validation
- Initial operational expenses (e.g., software licenses, equipment, and supplies)
- Legal and intellectual property protection costs
Funding for different levels and types of the Dachuang Project
| Project Level | Institutional-level | Provincial-level | National-level |
| ITP
ETP EPP |
≥5,000RMB
≥5,000RMB ≥20,000RMB |
≥10,000RMB
≥10,000RMB ≥50,000RMB |
≥20,000RMB
≥20,000RMB ≥100,000RMB |
Depending on the level of financial support from DKU, the amount of project funding for each class of the Dachuang program will be adjusted appropriately. Successful recipients of seed funding are expected to adhere to strict reporting and accountability measures, including regular progress updates, financial reporting, and achievement of agreed-upon milestones.
Angel Investors and Venture Capitalists
Dii actively collaborates with a network of angel investors and venture capital firms interested in supporting promising student-led ventures. Through organized pitch events, investor showcases, and facilitated introductions, project teams have the opportunity to present their business plans and seek investment capital.
To prepare for these investment opportunities, Dii provides training on pitching techniques, investor deck development, and term sheet negotiation. Additionally, mentors and advisors offer guidance on navigating the due diligence process and structuring favorable investment terms.
Grants and Government Funding
Project teams are encouraged to explore various grant programs and government funding opportunities relevant to their industry or focus area. The Dii team assists in identifying suitable grant programs, providing guidance on application processes, and ensuring compliance with funding requirements.
Examples of potential grant sources include:
- Provincial, municipal and local economic development grants
- Industry-specific research and development grants
- Foundation-sponsored research or entrepreneurship grants
Effective Utilization and Management of Funds
Regardless of the funding source, Dii emphasizes the importance of effective fund utilization and financial management. Project teams receive training and guidance on budgeting, cash flow management, and financial reporting to ensure responsible and transparent use of funds.