Government Funding Programs

The Hong Kong SAR government offers a wide range of funding programs to help companies innovate and upgrade their business. Since 2017, Branch8 has successfully assisted clients to apply for the funding programs. 

We offer a Funding Strategy Plan to ensure our clients obtain the funding below:

  • Distance Business Programme (D-Biz) - HK$300,000 (100% grant from government)

  • Technology Voucher Programme (TVP) - HK$600,000 (1:3 matching fund)

  • Export Marketing Fund (EMF) - HK$800,000 (1:1 matching fund)

  • Retail Technology Adoption Assistance Scheme (ReTAAS) - HK$50,000 (1:1 matching fund)

  • Branding, Upgrading and Domestic Sales Fund (BUD) - HK$2,000,000

 

More details below or Contact Us for more details.

Other Government Funding Programme

Technology Voucher Programme (TVP)


Background TVP aims to subsidise Hong Kong companies in using technological services and solutions to improve productivity, or upgrade or transform their business processes. Funding Amount - HK$600,000 per company - 1:3 matching fund - 25% initial payment upon approval Documents Required 1. BR - paid and most updated 2. NAR1 (for limited company) / Form 1a (for unlimited company) - paid and most updated 3. HKID - all shareholders with > 30% shareholding and application writer from company 4. Invoice/Receipt within 2 months with BR name - provide 5 5. Audit report (latest) - optional, but best to have 6. Request For Quotation and Probity and Non-collusive document (see template) Funding Scope Examples - Remote document management & cloud storage systems - Customer relationship management (CRM) systems - Event management systems - Financial management systems - Virtual meeting tools - Team management tools - Website upgrade Application Period Ongoing Reference https://www.itf.gov.hk/l-eng/TVP.asp




SME Export Marketing Fund (EMF)


Background The SME Export Marketing Fund (EMF) aims to encourage small and medium enterprises (SMEs) to expand their markets outside Hong Kong by providing financial assistance to SMEs for participation in export promotion activities. Funding Amount - HK$800,000 per company - 1:1 matching fund Documents Required 1. BR - paid and most update 2. NAR1 (for limited company) / Form 1a (for unlimited company) - paid and most update 3. HKID of applicant 4. Invoice/Receipt within 2 months with BR name - have 5 5. Quotation of vendors (selected and not selected) 6. Audit report (latest) - optional, but best to have 7. Application (https://www.smefund.tid.gov.hk/english/emf/files/Appn_EMF.pdf) 8. EMF Funding agreement (https://www.smefund.tid.gov.hk/english/emf/files/Sample_of_Funding_Agreement.pdf) 9. Declaration of more than 1 branch (if any) (https://www.smefund.tid.gov.hk/english/emf/files/Funding_Agreement.pdf) 10. Contract with selected vendor 11. Bank statement of payment transfer to vendor 12. Invoice/receipt paid to vendor 13. Website hosting and domain registration provided by the service provider - sent email to double check this point 14. UAT acceptance sign-off 15. Before (if any) and after screenshots (with date of printing, company name, Hong Kong contract information, product/services provided) Funding Scope Examples - Setting up or enhancement of corprorate website or mobile application - Trade exhibitions outside of Hong Kong - Delegation tours outside of Hong Kong - Local trade fairs/exhibitions which mainly target at markets outside Hong Kong ​- Export promotion activities (such as placing advertisements, keyword search, listing product information, setting up or enhancing online shop, participating in virtual exhibitions, etc.) Application Period Ongoing Reference https://www.smefund.tid.gov.hk/english/emf/emf_objective.html




Retail Technology Adoption Assistance Scheme (ReTAAS)


Background ReTAAS aims to provide funding support for retail enterprises to adopt technologies for manpower demand management purposes and help to enhance productivity. Funding Amount - HK$50,000 per company - 1:1 matching fund - Max 2 projects per company Documents Required 1. BR - paid and most update 2. NAR1 (for limited company) / Form 1a (for unlimited company) - paid and most update 3. HKID of applicant 4. Invoice/Receipt within 2 months with BR name - have 5 5. Quotation of vendors (selected and not selected) 6. Audit or management report (latest) - optional, but best to have 7. MPF or agreement/payslip with freelancers 8. Application (https://www.retaas.hkpc.org/en/download/application-form_en_v7.docx) 9. Quotations from IT service provider Funding Scope Examples - Online shop - Point-Of-Sale (POS) system - Chatbot - Customer Relationship Management (CRM) system - Inventory management system Application Period Ongoing Reference https://www.retaas.hkpc.org/en/




Branding, Upgrading and Domestic Sales Fund (BUD)


Background BUD aims to help Hong Kong non-listed companies capture the opportunities arising from the National 12th Five-Year Plan, the Hong Kong Special Administrative Region Government set up a “Dedicated Fund on Branding, Upgrading and Domestics Sales” (the BUD Fund) of $1 billion in June 2012, which has also been extended to ASEAN and Mainland China markets. Funding Amount - HK$2,000,000 per company - 1:1 matching fund Funding Scope Examples - Branding: Brand Strategy, Brand Building, Positioning and identity, Brand Equity Research, Brand Promotion, and etc. - Upgrading & Restructuring: New Product Design, Adoption of Advanced Technology, Management and Logistics System Upgrading, Manufacturing Automation, and etc. - Promoting Sales: Marketing Strategy and Research, Sales Strategic Planning, Sales Channel Establishment and Management, Advertisements, Promotion of Product(s)/Service(s) and etc Application Period Ongoing Reference BUD for ASEAN: http://asean.timwork.co/en BUD for China: http://mainland.timwork.co/en





*NEW* - Distance Business Programme (D-Biz)

Background

Under the Anti-Epidemic Fund, the Innovation and Technology Commission (ITC) has launched the Distance Business Programme (D-Biz) to support enterprises to continue their business and services through the adoption of IT remote working solutions.

 

Funding Amount

  • HK$300,000 per company

  • HK$100,000 per IT solution

  • 30% initial payment upon approval

 

Documents Required

  1. Business Registration (BR) Certificate (business needs to be before 1 January 2020)

  2. NAR1 (for limited company) / Form 1a (unlimited company)

  3. Invoice and/or receipts with same BR name within the last 2 months

  4. Latest audit report (may be needed)

Note: Listed companies, statutory bodies and NGOs funded by the government is NOT applicable

Funding Scope Examples

  1. Setup online stores

  2. Remote document management & cloud storage systems

  3. Customer relationship management systems

  4. Financial management systems

  5. Virtual meeting tools

  6. Team management tools

  7. Digital marketing

  8. Cybersecurity

Application Period

Starts on 18 May 2020

 

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