THE ENHANCEMENT OF BUD FUND

Increasing the cumulative funding ceiling per enterprise to $4 million
  • extend the geographical coverage to all economies with which Hong Kong has signed Free Trade Agreements (i.e. Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam), Australia, Chile, the four member states of the European Free Trade Association (i.e. Iceland, Liechtenstein, Norway and Switzerland), Georgia, Macao and New Zealand.
  • Increasing the ratio of initial payment from 25% to 75% of the total approved government funding
  • Relaxing the budget cap of individual expenditure items
  • Allowing more fundable items

The BUD Fund – Scope of Funding (Summary)

  1. Patent/trademark registration
  2. Relevant operating costs for setting up a new business entity
  3. Recruiting additional manpower
  4.  Procure/lease additional machinery/ equipment
  5.  Produce/Procure sample/prototype
  6. Place project related advertisement
  7. Exhibitions/promotional events (including virtual exhibition)
  8. Travelling and accommodation between Hong Kong and Mainland/FTA economies
  9. Design and establish online sales platform
  10. Establish/enhance company website
  11. Develop/enhance mobile applications (Apps)
  12. Design and produce promotional materials
  13. Testing/certification registration
  14. External audit fee for approved projects
  15. Other direct project expenses

Welcome to contact us at (852) 2331-3977about more information of BUD funds, our consultant can provide an one -off proposal for your application.