Government funding support
The Government of the Hong Kong SAR has a number of programmes providing funding support for businesses.
These include the following programmes and funding schemes:
To provide funding support to individual Hong Kong enterprises in undertaking projects to develop brands, upgrade and restructure their business operations and promote sales in the ASEAN market and Mainland China market, so as to enhance their competitiveness and facilitate their business development in the ASEAN and Mainland China market.
To provide financial assistance to help individual SMEs expand their business through their participation in export promotion activities.
To help SMEs and non-listed enterprises obtain loans from participating lenders such as banks for meeting their business needs so as to enhance their productivity and competitiveness in the rapidly changing business environment.
The Government acts as the guarantor for individual SMEs to facilitate them in securing loans from participating lending institutions for acquiring business installations and equipment or meeting working capital needs of general business uses.
To provide financial support to non-profit-distributing organisations to implement projects which aim at enhancing the competitiveness of non-listed Hong Kong enterprises in general or in specific sectors.
Innovation and Technology Support
Research & Development Support
Supports applied R&D projects conducted by R&D Centres, universities or other designated local public research institutes.
Encourages R&D collaboration between Hong Kong and Mainland. R&D work must be conducted in both places.
Encourages R&D collaboration between Hong Kong and Guangdong/Shenzhen.
Supports applied R&D projects undertaken by R&D Centres, universities or other designated local public research institutes in collaboration with a private company.
Provide funding support for local companies to conduct in-house research and development (R&D) word with a view to encouraging the private sector to invest in R&D.
Provides a cash rebate equivalent to 40% of a company’s contribution to applied R&D projects funded by the ITF and R&D projects funded entirely by the company and undertaken by designated local public research institute.
Supports theme-based midstream researches by University Grants Committee-funded universities to collaborate with leading research institutes local and worldwide.
Funds production of prototypes/ samples and conducting of trials in the public sector.
Supports the use of technological services and solutions by enterprises and statutory bodies to improve productivity, or upgrade or transform business processes.
Subsidises manufacturers to set up new smart production lines in Hong Kong.
Funds innovation and technology (“I&T”) projects which will make people’s daily living more convenient, comfortable and safer, or address the needs of specific community groups.
Nurture of Technology Talent
Funds engagement of I&T talent to conduct R&D work.
Funds staff of local enterprises to receive training in advanced technologies, especially those related to “Industry 4.0”.
Technology Start-ups Support
Supports teams of local universities to start technology businesses and commercialise their R&D results.
Encourages private investment in eligible local I&T start-ups.
I&T Culture Promotion
Supports non-R&D projects that help upgrade local industries and promote an I&T culture in Hong Kong, including conferences, exhibitions, seminars, workshops, youth activities, etc.
Encourages capitalization of intellectual work through patent registration. For inventions with technology elements and potential for industrial application.
Creativity and Design Support
To provide financial support to projects conducive to the development and promotion of creative industries in Hong Kong.