Bud Fund Hong Kong Grant AdvisorPosted by Lancaster Copeland on June 21st, 2021 The cumulative funding ceiling for BUD fund (Total of “Mainland Programme?and “FTA Programme? is HK million per enterprise. The first phase of the enhancements, to be launched in July 2021, embody growing the cumulative funding ceiling per enterprise to million and lengthening the geographical protection to Japan and the Republic of Korea. To present funding help for retail enterprises to undertake applied sciences for manpower demand administration purposes and assist article to reinforce productivity. The preliminary payment, if opted for, amounts to 75% of the total permitted funding. Projects with a period of 18 months or less obtain the entirety of their permitted funds as a final cost on project expenses, if the applicant doesn't opt for an preliminary fee. If applicant opts to not receive preliminary cost, the government will disburse the grant after the project is accomplished. Depending on the project progress and expenditure, Mid-term cost not extra than 50% of the total approved funding might be disbursed. , while helping Hong Kong corporations improve their home sales within the Mainland China market. The FTA program, building on the success of Hong Kong firms getting into the ASEAN market, expands funding alternatives to include tasks inAustralia, New Zealand, Chile, Norway, Iceland, Liechtenstein, Switzerland, Georgia and Macao. Such moves aim to encourage enterprises to seize the unparalleled enterprise opportunities in Mainland China – the GBA particularly – in addition to reach the ASEAN markets. For SMEs and start-ups creating business in these specific markets, the BUD Fund is ready to cover business expenses for up to HK million per project on an identical basis – that means the HK government will cowl a most of 50% of the total costs. is price HK $ 200 million and goals to help the Hong Kong professional government services industry in implementing valuable projects, thereby actively promoting external promotion and enhancing service levels. Learn latest digital advertising methods similar to social media advertising on Facebook, TikTok and China Baidu, Douyin stay broadcast promoting by way of KOLs & Influencers. Each enterprise can apply for ,000,000 HKD of total funding (i.e. two projects) and every project should cover a maximum project period of 24 months. This platform helps social entrepreneurs implement progressive options to deal with poverty and social exclusion issues in Hong Kong and drive sustainable influence. HKC BUD , upgrading & restructuring and promoting gross sales, such as brand technique, adoption of superior expertise and gross sales channel institution and management and so forth. Any articles or publications contained within this web site are not supposed to provide particular enterprise or investment recommendation. No duty for any errors or omissions nor loss occasioned to any particular person or organisation appearing or refraining from performing on account of any material in this website can, however, be accepted by the creator or RSM International. You should take specific impartial advice earlier than making any enterprise or investment determination.
Like it? Share it! More by this author |