You can apply for up to $1,000,000 HKD per project on a matching foundation (i.e. government will cowl a maximum of 50% of the entire project in cash) for the Mainland China Programme and the new FTA Programme. To revive the financial system, broaden potential markets and develop branding, the Government enhanced the measures and funding amounts sites in BUD Fund so as to provide comprehensive assist for enhancing competitiveness in Mainland markets and the ASEAN markets. To present financial assist to tasks conducive to the event and promotion of artistic industries in Hong Kong. Project proposals must also point out that the enterprise will significantly develop its aggressive advantage by attaining all the aims specified by the business plan. Mainland China tasks ought to embrace substantial measures to develop business within the PRC. Budgets must be clearly laid out with cheap projections and an in depth breakdown of bills. For SMEs and start-ups developing enterprise in these specific markets, the BUD Fund is prepared to cowl enterprise bills 香港政府資助計劃 for up to HK$1 million per project on a matching basis – meaning the HK government will cover a maximum of 50% of the entire costs. Each enterprise can apply for $2,000,000 HKD of total funding (i.e. two projects) and every project should cowl a most project duration of 24 months. The first part of the enhancements, to be launched in July 2021, embody increasing the cumulative funding ceiling per enterprise to $6 million and extending the geographical protection to Japan and the Republic of Korea. The BUD Fund supplies funding assist for individual Hong Kong enterprises to undertake initiatives to develop manufacturers, upgrade and restructure their enterprise operations and promote gross sales in Mainland China and ASEAN, so as to enhance their competitiveness and to facilitate their enterprise growth. Funding will be offered on an identical basis, i.e. the Government will cowl a most of 50% of the entire approved project price and the enterprise has to contribute no less than 50% of the total project price in cash. During the tenure of the BUD Fund, every enterprise may get hold of funding for a most of forty accredited initiatives and the entire cumulative funding amount is $4,000,000 under the “Mainland Programme” and the “FTA Programme”. No matter you are a quick growing firm or a enterprise marketing consultant serving shoppers to use for funds, it is always better to let the professional to do their job and you remain centered on your own enterprise. Michael leads the Butter team and has had a profession within industry leadership roles partnering with shoppers to drive digital transformation, performance advertising, and constructing business intelligence practices by way of advertising analytics. Michael focuses on providing digital & ecommerce consultancy for shoppers, aiming to improve 財政預算案 business and business operations. Michael has an MBA from the Hong Kong University of Science and Technology and NYU Stern Business School. Support and Consultation Centre for SME’s – Online support and likewise primarily based out of their Kowloon City location, where you can converse directly with staff who can information you through the appliance course of. The Hong Kong Government publishes an inventory of SME’s, startups and new companies which have successfully obtained funding from the BUD fund mainland programme and ASEAN programme.

• The RSM community isn't itself a separate authorized entity of any description in any jurisdiction.
• In some cases, there will be on-site inspections to gauge the effectiveness of business operations.
• A good governance system is vital for CreateHK’s counterparts to assist sustain public confidence in CreateHK’s mission to steer, champion and drive the event of the creative economy in Hong Kong.

“We believe that this move can be utilized by some people who discover themselves thinking about starting a business, these with little enterprise expertise, and a few professionals who wish to stand on their own toes and acquire working capital through this plan,” Chan mentioned. On 1 August 2018, the Trade and Industry Department introduced it was allocating HK$1 billion to roll out enhancement measures for 2 key SME support programmes – the SME Export Marketing Fund and the Dedicated Fund on Branding, Upgrading and Domestic Sales . 專項基金 related to branding, upgrading, restructuring or promoting gross sales may be funded. Whether serving public sector organisations, proprietor managed businesses, private people or listed corporations with overseas operations, our aim is to help our purchasers obtain their ambitions. To help SMEs and non-listed enterprises get hold of loans from participating lenders such as banks for meeting their enterprise needs so as to enhance their productiveness and competitiveness in the quickly changing business environment. To present grants to SMEs for his or her participation in export promotion activities to advertise their own products and/or services. A major funding initiative designed to encourage the non-public try this sector to spend money on R&D. It supplies funding of as much as $10 million to every accredited project on a dollar-for-dollar matching basis. The recipient organisation will personal all mental property rights arising from the project. Here is an inventory of funding schemes provided by totally different organizations that you may discover it helpful for your corporation start-up. Funding is provided on an identical basis, i.e. the Government covers a maximum of 50% of the entire accredited project price and the enterprise has to contribute a minimal of 50% of the entire project value in money. To provide funding support to individual Hong Kong enterprises in enterprise initiatives to develop brands, improve and restructure their enterprise operations and promote sales within the ASEAN & FTA market, so as to enhance their competitiveness and facilitate their business improvement updated blog post in the ASEAN & FTA market. To present funding help to particular person Hong Kong enterprises in endeavor tasks to develop manufacturers, improve and restructure their business operations and promote gross sales within the FTA markets and Mainland China market. So as to enhance the competitiveness and facilitate the business development in 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.