Progress shall be evaluated according to the objectives and estimates specified in the applicant’s original proposal. In some cases, there might be on-site inspections to evaluate the effectiveness of business operations. Funding recipients will also be required to submit stories to the Program Management Committee. in anticipation of the Hong Kong-ASEAN Free Trade Agreement, and in 2019 the federal government increased the program’s funding and prolonged the fund’s protection to incorporate enterprise projects in any jurisdiction with which Hong Kong has signed a Free Trade Agreement. In January 2020, the federal government launched the Enhanced Mainland Program and FTA Program. Based on the success of final year, in this year, we will continue to establish the Hong Kong Pavilion on the International Printed Circuit & APEX South China Fair held at the Shenzhen Convention and Exhibition Center in China from December 5th to 7th, 2018.
So as to boost the competitiveness and facilitate the enterprise growth within the FTA markets and Mainland China market. The "Dedicated Fund on Branding, Upgrading and Domestic Sales" was arrange in June 2012 to help Hong Kong enterprises in exploring and growing the Mainland market. To capture the financial opportunities arising from the fast-growing markets in Asia and a few creating economies, since August 2018, the geographical scope of the BUD Fund was prolonged to cowl the Southeast Asian Nations markets, and a few enhancement measures of the Fund were launched.
All non-listed enterprises registered in Hong Kong under the Business Registration Ordinance with substantive enterprise operations in Hong Kong. Irrespective of whether they belong to the manufacturing or service sector or whether they have already got any enterprise operations within the FTA markets and the Mainland China. click this over here now of the Branding, Upgrading and Domestic Sales Fund, is to help Hong Kong enterprises for tasks that involve the brand improvement and restructuring of business operations targeting Mainland China, ASEAN and FTA markets. In the face of market working strain, the federal government has considerably elevated funding help for Hong Kong firms lately. If you need to know which funding scheme is supporting for your small business, please examine with our staff of consultants. If www.victoriaeducation.co.uk/members/polishplot9/activity/744122/ 're a non-listed enterprise registered in Hong Kong and have “substantive business operations in Hong Kong” you possibly can apply.
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If applicant opts to not receive preliminary payment, the government will disburse the grant after the project is completed.
Tapping the unparalleled market opportunities in the Greater Bay Area and ASEAN may even diversify the danger of investment.
A major funding initiative designed to encourage the personal sector to put money into R&D.
This creates a urgent question on how to coordinate and integrate the GBA cities.
Hong Kong SMEs that want to discover the Mainland markets should pay consideration to a number of issues.
The backgrounds of these profitable applicants vary from manufacturing, retailing, and skilled providers industries, while their products embody high quality meals products, private well being care goods, fashion and recreational gadgets, enterprise system software, and skilled companies and so on. This scheme aims to assist SMEs expand their markets outside Hong Kong
via participation in export promotion actions like exhibitions, trade gala's, trade missions, as nicely as advertising in trade publications concentrating on export markets and eligible commerce websites. The maximum amount of grant for every software is 50% of the whole approved expenditure, subject to a ceiling of 0,000. For the BUD Fund, the individual ceilings for every enterprise to undertake projects within the Mainland and other economies with which Hong Kong has signed Free Trade Agreements (cumulative funding million each) shall be eliminated.
Increasing the cumulative funding ceiling per enterprise to million, together with million for tasks in the Mainland and million for initiatives in ASEAN and different FTA markets. The most quantity of permitted initiatives is HK $ 20 million, and the utmost amount of funding is HK $ 10 million. In addition, initiatives approved for a interval of 12 months or more could apply for monetary assist from the Fellowship of Researchers and / or the Ph.D. The beneficiary firm can even apply to invest in the R & D money rebate program and enjoy a most of 40% money rebate on its project bills. The cumulative funding ceiling per enterprise under the BUD fund is HKD four,000,000 for each mainland and FTAs market. For an applicant who opts to obtain initial cost, the government will release 75% of complete accredited funding for project execution after successful approval of the application.
From July 2017 to finish February 2021, over applications have been accredited underneath the BUD Fund, involving a complete funding amount of over .37 billion approved, benefiting over enterprises. Non-profit-distributing organisations operating as assist organisations, trade and business organisations, professional our bodies or research institutes can apply. During the tenure of the BUD Fund, each enterprise might acquire funding for a maximum of ten accredited initiatives and ,000,000 each for the “Mainland Programme” and the “ASEAN Programme”.
