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 |
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Item |
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[The BUD Fund] – Easy Bud*Including the “Mainland Programme”, “ASEAN Programme” and economies that Hong Kong has signed “IPPAs” |
| 1. Eligibility of Individual/Company Type | Hong Kong non-listed companies | Hong Kong non-listed companies |
| 2. Eligibility of Company Conditions | With substantive business operations in Hong Kong | With substantive business operations in Hong Kong |
| 3. Maximum of the Funding | HKD$7,000,000 | HKD$100,000 |
| 4. Maximum Funding of Each Project | HKD$7,000,000 or 50% of the total fee per single Project | HKD$100,000. Funding on 50:50 matching basis |
| 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 |
*Please refer to [the BUD Funding] Scheme |
| 6. Contribution from the Applicant | 50% of the total project amount | 50% of the total project amount |
| 7. Assessment Procedure | Open for application all year round | Open for application all year round |
| 8. Maximum of Projects | 70 projects | Within [the BUD funding] scheme projects |
| 9. Time Limit on Application of Each Project | Within 24 months after approval | Within 12 months after approval |
| 10. Time Intervals of Each Application | Not Stated | ONE application every 6 months per enterprise |
| 11. Eligibility of Application for Intellectual Property Rights | 1) China Trademark Application 2) China Patent Application |
1) China Trademark Application 2) China Patent Application |
| 12. Application Process | 2-3 months | Within 30 working days |
| 13. Application Period | Not stated | Not stated |
| 14. Remarks | The final verdict rests with a Programme Management Committee (PMC) | The final verdict rests with a Programme Management Committee (PMC) |
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