Funded by the BUD Special Fund
Government SME Funding Scheme
The government has announced a special fund to develop brands, upgrade and transform and expand the domestic market (BUD FUND)Injection15100 million to raise the funding ceiling for each enterprise to60010,000 yuan to help companies develop and develop their business in Mainland China or ASEAN.BUDTo subsidize individual Hong Kong enterprises to implement projects related to brand development, upgrading and transformation and expansion of domestic sales, so as to enhance their competitiveness in the Mainland and promote their business development in the Mainland.
Among them, popular projects include brand development strategy and plan formulation, domestic online promotion, such as WeChat applet and WeChat mall development, WeChat Weibo promotion, Internet celebrity and self-media promotion (Xiaohongshu, Douyin, Weibo, WeChat) Wait.
We provide free consulting services for many companies, assist companies in evaluating their eligibility for funding applications, and cooperate with special fund consultants to jointly solve problems for companies.
Expand the domestic market
• Domestic market research
• Develop domestic sales strategy
• Establish domestic sales channels
• Promote products/services
Upgrade Transformation
• Design new products
• Introduce new technology
• Improve management system
• Production automation
develop brand
• Determine brand strategy
• Brand Design
• Branding
• Brand review
About BUD special fund funding
Applicable to enterprises developing and developing Mainland China/ASEAN business
Scope of funding:
• Web production
• Advertising spending (eg TV, radio, newspaper, online or street level advertising)
~ The spending cap is 50% of the total project budget
• Online advertising spending (eg Baidu, Douyin, display advertising, etc.)
• Hire an advertising spokesperson
• Hire staff
• Take photos/video clips
• Shooting videos, short films
• Brand design (including leaflets, product catalogs, logo design, packaging design, etc.)
• Advertising Design
• Set up new business units in the Mainland
• Procurement, leasing of additional machinery or equipment under the Mainland Scheme
* All are subject to government announcements, please pay attention to the latest government announcements.
Project duration
Funding amount
Cumulative amount of funding
number of items
Total Approved Expenditure
0 - 24 months
Up to 50% of total approved expenditure for individual projects
Up to HK$3,000,000
Up to 20 approved projects can be funded, the remaining 50% projects
must be paid in cash
Up to 50% and 6 million subsidy!
Up to 50% and 6 million subsidy!
Coverage
inside China:
Hong Kong and Macao,
Except Taiwan
Other countries:
New Zealand, Chile,
Georgia, Australia
EFTA countries:
Iceland, Liechtenstein, Norway, Switzerland
ASEAN member states:
Brunei, Cambodia,
Indonesia, Laos, Malaysia,
MyanmarDian, Philippines, Singapore,
Thailand and Vietnam.
Petition form
Is it registered in Hong Kong under Chapter 310 of the Hong Kong Business Registration Ordinance?
Is it an unlisted company?
Is there any actual business in Hong Kong (eg employees, transactions, tax payment)?
Is the annual revenue 4 million or more?
Will the application project implementation time be completed within 2 years?
Do you have business dealings with Mainland/ASEAN countries or designated overseas regions?
Does the application involve the implementation of project measures by a Mainland entity?
Applicationstepstep
step
Collect client documents and information, and submit applications
(about 1-2 months)
Signed a contract with HKPC and obtained the first phase of funding
prepare final report
(about 12 months)
pending
(about 5-7 months)
The end of the project, get the final funding
The company will handle complex application procedures on behalf of customers, speed up the approval process, and 100% guarantee the success of the application
本公司會代客處理複雜申請程序，加速審批進度，100%保證申請成功
Review Considerations
The review of BUD projects needs to go through three levels, and all applications are first sent to the BUD Secretariat (responsible for the Hong Kong Productivity Council) for preliminary processing, including checking whether the documents are complete, and asking the applicant companies for clarifications if there are any problems; the secretariat completes After the work, it will be sent to an inter-departmental group composed of representatives from five different government departments to decide whether to approve the proposal, the amount of funding, etc., and finally it will be sent to the project management committee chaired by the Director of Trade and Industry to decide whether to accept the inter-departmental The group recommends both.
"Successful application sixBigguidelines
Expand domestic sales
increase competition
real growth
expansion measures
Reasonable budget
Brand activity
Expand domestic sales
increase competition
real growth
expansion measures
Reasonable budget
Brand activity
The project helps companies to expand their local business development
The project can improve the product/service of the enterprise
local competitive advantage
The project has substantive results and delivered for specific effectiveness evaluation
The project has substantial measures to expand local business
Project budget is clear and reasonable
Project activities help drive brand building
Technology Voucher Program
improve studentsProduceForce or upgrade and transform business processes
It was established by the Hong Kong Government's Innovation and Technology Fund with 500 million yuan. The main purpose of the Technology Voucher is to subsidize Hong Kong SMEs to enhance their competitiveness through the use of technology services and solutions, thereby promoting social development.
Program Features
• with3(government):1The (corporate/institutional) matching model provides funding for projects.
• Cumulative funding limit per company/institution:60million Hong Kong dollars.
• Maximum approval per company/institution6item.
Funding scope
Open online store, membership system
cyber security
point of sale management and
develop application
Logistics management
Real-time production tracking
Appointment arrangement and
Waiting management
Typical Scenarios Covered by Tech Volume Plans
pregnancyProduceForce/Process
• Appointment Arrangement and Waiting Management Inspection and Certification Management System
• Augmented Reality System
• Big Data and Cloud Analytics/Network Security Solutions
• Electronic Inventory/Purchasing Management System
• Enterprise Resource Planning Program
• Intelligent Robot Application
• Logistics/Point of Sale/Product Management System
• real-time production tracking system
• Solutions to help companies meet production standards
Testing and Certification
• Energy Management System(ISO 50001)
• Environmental Management System(ISO 14001)
• Information Security Management System(ISO/IEC 27001)
• Chinese Medicine Testing Program
environmental protection
• Energy Management System
• Waste Managementsystem
Petition form
Is it a company registered in Hong Kong?
Is it an unlisted company?
Is it a non-government funding agency or an affiliate of any government funding agency?
Is there any substantive business operation in Hong Kong at the time of submitting the application, and the business must be related to the application project?
judging criteria
Each eligible application will be assessed and considered on a case-by-case basis. The judging criteria for the Science and Technology Volume Program projects include:
Is the business relevant
業務是否相關
Projects should be expected to enhance the competitiveness of applicants by improving productivity, reducing costs or improving efficiency, and upgrading and transforming business processes
Are the details reasonable?
細節是否合理
Considering factors such as whether there is a specific project outcome, the complexity of the technology to be used and the project duration, the implementation details should be practicable
Is the budget reasonable
預算是否合理
Assess the market price of the relevant technology known to it, and each expenditure item must be necessary and directly related to the implementation of the item
Whether there is a bad record
有否不良紀錄
Check the bad records of consultants and/or service providers (if any)
SME Marketing Fund (EMF)
The SME Marketing Fund aims to provide subsidies to SMEs to encourage SMEs to participate in export promotion activities, thereby helping them expand into markets outside Hong Kong.
Grand totalHK$800,000Funding
Each application has a maximum of50% of total expensesorHKD 100,000
Funding scope
*From April 30, 2021, the scope of funding has been expanded to cover _cc781905-5cde-3194-bb3b -136bad5cf58d_
fairs and online fairs; and relaxation of SME-only application requirements for two years.
Overseas/local exhibitions
(physical/online)*
Electronic platform/medium
export promotion
Business delegation
(physical/online)
Company website/
Mobile App
trade publication advertisement
Applicationstepstep
步
First Appropriation:
Before the event45 to 120 daysCalendar application
Final Appropriation:
after the event60Calendar application
Actual reimbursement:
after the event60Calendar application
The company will handle complex application procedures on behalf of customers, speed up the approval process, and 100% guarantee the success of the application
Reindustrialisation and Technology Training Programme
The "Reindustrialization and Technology Training Scheme" is a funding scheme under the "Technology Talent Development Scheme", which aims to subsidize local enterprise personnel to receive high-end technology training, especially related to "Industry 4.0", on a 2:1 matching basis. training.
Up to a yearlyHKD 500,000funding
Eligible trainees per training courseUnlimited number of people
Petition form
Is it a company registered in Hong Kong under the Business Registration Ordinance (Cap. 310)?
Is it government and non-subvented organisations?
Is the recommended employee a Hong Kong permanent resident with the required background/relevant experience in this high-end technology?
Applicationstepstep
步
Submission of course materials and application for training grants
(At least8 weeksbefore application)
Awaiting Course Approval Team Approval
Receive a confirmation letter from the Secretariat
The company will handle complex application procedures on behalf of customers, speed up the approval process, and 100% guarantee the success of the application
judging criteria
Each eligible application will be assessed and considered on a case-by-case basis. The evaluation criteria for RTTP include:
Focus on high-end technology
About the benefits of technology to the Hong Kong economy
Track record of training institutions
"Keeping pace with the times and reaching new heights"
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