Government Funding Scheme
Hong Kong Government Funding Schemes
The Hong Kong government offers over 40 funding schemes to support the development of enterprises, particularly Small and Medium Enterprises (SMEs). These schemes cater to various funding scopes, requirements, and amounts, aiming to enhance competitiveness and foster business growth. Two of the most commonly applied funds are:
Branding, Upgrading, and Domestic Sales Fund (“BUD Fund”)
- Supports non-listed Hong Kong enterprises with substantive operations to enhance competitiveness and facilitate business development in Mainland China and economies with Free Trade Agreements (FTAs) or Investment Promotion and Protection Agreements (IPPAs).
- Funding: Up to HK$7 million over 7 years.
Technology Voucher Programme Fund (“TVP Fund”)
- Part of the Innovation and Technology Fund, it helps non-listed Hong Kong companies adopt technological solutions to improve productivity or transform business processes.
- Funding: Up to HK$600,000 per applicant, covering a maximum of 6 projects.
Our Services
We view these schemes as more than just financial support—they represent the government’s commitment to sharing risks and fostering growth in key industries. Our dedicated team assists companies with:
- Eligibility Assessment: Reviewing the company’s eligibility for targeted funds.
- Strategic Planning: Developing plans, setting up task forces, and monitoring application and execution.
- Application Support: Collecting information, submitting applications, and liaising with government officials.
- Financial Management: Establishing systems for budget development, controls, disclosure, and record-keeping to ensure compliance with fund requirements.
Why Engage Us?
Our expertise ensures a seamless application process and ongoing compliance, helping your company leverage government support to enhance credibility and long-term growth.
For more details or to discuss how we can assist, please contact us.
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Let us together build a flourishing business
When connected with us, you aren’t growing your business alone. We have your back and put in our best to contribute to the growth of your entire team and organization. So, if you are looking for the right consultant that’ll help you overcoming business and operational challenges, and bring in more conversions and revenue, we are right here!