Government Funding Schemes Overview

HUYI Global is dedicated in helping Hong Kong companies to develop their brands in local market and even overseas markets. Therefore, in order to assist clients to expand their business and build their brands overseas, HUYI Global will analyse the business plan of clients’ companies and help them to apply different government subsidies. Clients are welcome to apply the funds depending on needs.

Government Funding Schemes Overview
Item	Dedicated Fund on Branding, Upgrading and Domestic Sales* (the BUD Funding) *Including the “Mainland Programme” and the “ASEAN Programme”	Patent Application Grant
1. Eligibility of Individual/Company Type	Hong Kong non-listed companies	1. Locally incorporated companies 2. Hong Kong permanent residents / Hong Kong residents permitted to remain in Hong Kong for not less than 7 years
2. Eligibility of Company Conditions	With substantive business operations in Hong Kong	Never owned any patents in any countries or territories before
3. Maximum of the Funding	HKD$1,000,000	HKD$250,000
4. Maximum Funding of Each Project	HKD$1,000,000 or 50% of the total fee per single Project	HKD$250,000 or 90% of the total patent application fee
5. Disbursement of Grant	A. With initial payment 1) Initial payment：25% of the total approved Government funding 2) Mid-term payment：25% of approved Government funding at maximum 3) Final payment：balance of approved Government funding B. Without initial payment 1) Mid-term payment：50% of approved Government funding at maximum 2) Final payment：balance of approved Government funding	Grant (10% of the patent application fee is paid by the applicant)
6. Contribution from the Applicant	50% of the total project amount	10% of the application
7. Assessment Procedure	Open for application all year round	Open for application all year round
8. Maximum of Projects	10 projects	1 project
9. Time Limit on Application of Each Project	Within 24 months after approval	Within 36 months after approval
10. Time Intervals of Each Application	Not Stated	N/A
11. Eligibility of Application for Intellectual Property Rights	1) China Trademark Application 2) China Patent Application	1) Functional patents and inventions with technology elements and susceptible of industrial application 2) Cosmetic designs will not be supported
12. Application Process	2-3 months	6-12 months
13. Application Period	Not stated	Not stated
14. Remarks	The final verdict rests with a Programme Management Committee (PMC)	1) The grant only covers the cost for patent search-cum-technical assessment and the administration fee, as well as other direct costs involved in the patent application process. 2) The Innovation and Technology Commission’s decision will be final.