Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund)

“Dedicated Fund on Branding, Upgrading and Domestics Sales” (the BUD Fund) is set up by Hong Kong Special Administrative region Government. The maximum of the cumulative funding per enterprise is  $500,000. Registration of Patents/Trademarks/Design/Utility Models in the Mainland would foster the domestic sales of the relevant products/services of the applicants in the Mainland are eligible to applu

Government Funding Table
Funding “Dedicated Fund on Branding, Upgrading and Domestic Sales” (the BUD Fund) Patent Application Grant
1. Eligibility of Company Type Hong Kong non-listed companies Hong Kong companies/ Individuals
2. Eligibility of Company Conditions Business operation for at least 3 years 1) Never owned any patents in any regions and countries before

2) The inventors of the invention shall be a directly related party/parties to the applicant company
3. Maximum of the Funding HKD$500,000 HKD$200,000
4. Maximum Funding of Each Project HKD$500,000 or 90% of the total fee per single Project Only once
5. Disbursement of Grant 1) 25% Initial payment

2) 75% final payment on a reimbursement basis

 Funds directly released to the implementation agent
6. Contribution from the Applicant 50% of the total project amount 10% the total application fee
7. Assessment Procedure Need an initial assessment of all applications Need an initial assessment of all applications
8. Quotation Invitation 1) >HKD$50,000 needs to submit at least 2 written quotations

2) >HKD$300,000 needs to submit at least 5 quotations

 Not required
9. Maximum of Projects 3 projects Only one
10. Time Limit on Application of Each Project Within 36 months after approval Within 36 months after approval
11. Time Intervals of Each Application After finishing the previous application Not required
12. Eligibility of Application for Intellectual Property Rights 1) China Trademark Application

2) China Patent Application

 Patent Application
13. Application Process 2 – 9 months 6 – 12 months
14. Application Period Until June 2022 Not Applicable
15. Remarks The final verdict rests with a Programme Management Committee (PMC). For details, please click here to visit BUD website. The final verdict rests with the Innovation and Technology Commission. For details, please click here to visit ITC’s website.

香港特別行政區政府為香港企業提供「發展品牌、升級轉型及拓展內銷市場的專項基金」（簡稱「BUD專項基金」），幫助企業提升和促進他們在內地市場的競爭力和業務發展。基於對等原則為基礎，政府最多資助個別項目總核准開支的50%，BUD專項基金的總額最高資助為港幣 $500,000。

BUD專項基金也適用於內地商標註冊。

了解更多資訊，可與我們聯絡或瀏覽BUD專項基金的網站: https://www.bud.hkpc.org/

More Details on Funding

Patent Application Grant Scheme

Dedicated Fund on Branding, Upgrading and Domestic Sales (the BUD Fund)