The BUD Fund provides 2 programmes (“Mainland Programme” and “FTA Programmes”) to Hong Kong companies to brand, upgrade and promote in dedicated markets. The 1-to-1 matching fund gives a cumulative amount of HK$ 4,000,000.
A BUD applicant company should authorize a representative for contact, and it is usually the company owner or staff. Whenever the BUD Office encounters ambiguity of the application, it will contact this representative for clarification. To our BUD consultant‘s experience, no matter how fine the BUD proposal is, the Office has to inquire to certain … Read more
According to the BUD Fund application guide, the applicant must be a registered Hong Kong company, and if there is local business (BUD Type (ii) project in general), the Hong Kong applicant company should demonstrate its direct investment relation with the local business. Recognized relation should be one of the following: The applicant owns more … Read more
Hong Kong companies can submit their BUD application online from June 30,2020. The Hong Kong Productivity Council organizes a webinar to introduce the BUD Fund and its online application, plus ReTAAS the fund dedicated for retailers. The introduction includes application procedure and the vetting principle, don’t miss it. Date: 2020-07-17(Fri) Time: 3pm – 4:30pm Venue: … Read more
BizMagnet BUD consultants often reach clients from different background, and find out that some fail to apply for the BUD Fund on their own. The $4 million grant is so attractive that companies submit the BUD application without knowing the detail. If enterprises want to get the government funding, it would be better to know … Read more
There are number of successful BUD stories since the establishment in 2012. The BUD Secretariat often invites applicant enterprises to share their successful experience with the government funding. BizMagnet BUD consultant is about to tell how a jewellery company transformed. From West to China The jewellery company had been a designer and manufacturer for Western … Read more
The Hong Kong Productivity Council launched “BUD Online Application” on 30th June 2020. Companies only log on “Online e-form application for BUD” to submit the application. Please notice that the BUD secretariat will not accept other means of application such as mail, in person or email after 31st July 2020. The tutorial of the Online … Read more
Everyone of us is talking about business development in China, but how to build our own brand and promote it thoroughly is a big problem. This time we will share a BUD successful story about a traditional dried seafood shop in Hong Kong. Mr Chan is the third generation of a dried seafood shop in … Read more
Eligible firms can get at most HK$ 4,000,000 on a one-to-one matching basis under Mainland Programme and FTA Programme of the BUD Fund. The fund aims at helping Hong Kong companies to brand, upgrade and promote. The hardest part of the BUD application is to write the proposal. Now here BizMagnet BUD consultant introduces 5 … Read more
One annoying point of the BUD Fund application is that we must mail or hand in the application document to the BUD Office. People always request for an online application portal which is similar to the TVP. Here is the good news: From early July 2020, applicant companies can apply for the BUD Fund online. … Read more
After more than 2 years testing in India, WhatsApp launched the digital payment service in Brazil. (India and Brazil have the first and second most WhatsApp users). Facebook (the parent company of WhatsApp) is pushing more e-Commerce to its platform. Users can send money free while businesses are charged around 4% to receive the money. … Read more
