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
It is a major funding initiative under the Innovation and Technology Fund (ITF), which is designed to encourage the private sector to invest in research and development (R&D).
For non-R&D projects that contribute to the upgrading and development of our industries as well as fostering an innovation and technology culture in Hong Kong.
To enhance the level of collaboration on R&D between organisations in Hong Kong and Guangdong Province.
To support midstream/downstream research and development (R&D) projects undertaken mainly by universities, R&D Centres, industry support organisations, professional bodies and trade and industry associations.
To support research and development (R&D) projects undertaken by private companies in collaboration with local universities and public research institutions.
To assist local companies and individuals to apply for patents of their own inventions.
- Technology Talent Scheme
To subsidise local companies on a 2:1 matching basis to train their staff in advanced technologies, especially those related to “Industry 4.0”.
To reinforce the research culture among private companies and encourage them to establish stronger partnership with designated local public research institutions. The Scheme is administered by the Innovation and Technology Commission.
To provide funding support for retail enterprises to adopt technologies for manpower demand management purposes and help to enhance productivity.
To subsidise local small and medium enterprises (SMEs) in using technological services and solutions to improve productivity, or upgrade or transform their business processes.
Creativity and Design Support
To provide financial support to projects conducive to the development and promotion of creative industries in Hong Kong.