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.
(Last update: 07/11/2022) Since the launch in 2012, the BUD Fund is so popular for SMEs. The BUD Fund Mainland Programme and FTA and IPPA Programme offers HK$ 7,000,000 on a one-to-one basis to encourage Hong Kong business to brand, upgrade and promote in mainland China, FTA and IPPA economies. BizMagnet BUD consultant consolidates this … Read more
The Hong Kong Federation of Youth Groups Jockey Club Social Innovation Centre organizes the “Government Funding Available for SMEs” webinar. Hong Kong Productivity Council speaker will introduce the BUD Fund and Retail Technology Adoption Assistance Scheme (ReTAAS), about eligibility, scope and application procedure. Registration: Government Funding Available for SMEs
After years of improvement, the BUD Fund “Mainland Programme” and “FTA Programme” (known as “ASEAN Programme” before) pair up at most HK$4,000,000 on a one-to-one matching basis to Hong Kong eligible companies. The following is some common items in the BUD Fund: Extra Staff Staffing is important for a new business development. Please notice that … Read more
No other company structure is qualified to apply the BUD Fund. Some common structures such as holding company or offshore owning company (which is also known as “Sister companies”) are not eligible to the BUD Fund. BizMagnet consultant experiences a lot of unqualified applicant due to the above issue. If you like to know more … Read more
The Hong Kong Government launched “Dedicated Fund on Branding, Upgrading and Domestic Sales” (BUD Fund). The 2 programmes under the Fund namely “Mainland Programme” and “FTA Programme” grant at most HK$ 4,000,000 on a one-to-one matching basis. The BUD Fund aims at promoting the competitiveness of Hong Kong companies in the mainland China and 19 … Read more
(Latest news: BizMagnet MPF Referral service benefits both employers and employees) I went to a major MPF trustee in Hong Kong to explain the relation between government fund and MPF. Maybe you wonder why MPF relates to the government fund. This is the reason: Except start-up fund, all government business subsidy application requires the applicants … Read more
For successful application and reimbursement of government fund, all procurement must follow the above process strictly and the winning vendor should be the one with lowest price. If the applicant cannot fulfil the above requirement, one should explain in detail to the Authority. BizMagnet will discuss with our clients how to observe the rule.
The Free Trade Agreement between Hong Kong and ASEAN (about Indonesia) will be in effect on 4th July, 2020. The SME, HKET news interviewed a consultancy specializing on ASEAN market to explore the potential. Hong Kong products such as watch, toy and jewelry will have reduced tariff, and Hong Kong service providers will have better … Read more
The Free Trade Agreement and Investment Agreement between Hong Kong and Indonesia as an ASEAN member state will be in effect on 4th July, 2020. Benefit to both HK Goods and Services Indonesia will reduce tariff on goods made in Hong Kong, including jewelry, toy, watch and clothes. Hong Kong service providers entering Indonesia can … Read more
Building a brand is not easy, even with the assistance of the BUD Fund. Therefore we have a business model called “Authorized agency”. A Company as an agency of a brand helps the brand to enter a local market. Shun Hing Group founded by Mr William Mong is the sole agency of Matsushita in Hong … Read more
