Understand more about business consultation, government business granting fund and latest business development trend.
The Dedicated Fund on Branding, Upgrading and Domestics Sales (“BUD Fund”) grants Hong Kong companies as much as HK$ 4 million to expand in mainland China or Free Trade Agreement markets. As all other government funds, companies should follow the standard procurement process in BUD mainland and FTA programmes. For TVP application, applicants should submit … Read more
From social unrest in 2019 to COVID-19 this year, plus the global political conflict, it is a very difficult time for Hong Kong SMEs. A business upgrade and transformation with government funding could be a good idea in economic adversity. Not only save some money, but also gain resilience in the future. HSBC interviewed around … Read more
The Innovation Technology Commission launched the Technology Voucher Programme (TVP) as a pivot basis in Nov 2016, and increased the cumulative maximum to HK$ 400,000 and made the scheme regular in Feb 2019. Due to COVID-19 epidemic, the TVP Fund further enhanced in the Budget 2020: maximum raised to HK$ 600,000, subsidy ratio raised to … Read more
BUD Fund (Dedicated Fund for Branding, Upgrading and Domestic Sales) was launched in 2012. It is a fund to assist Hong Kong firms to expand in mainland China and boost their competitiveness. Hong Kong and ASEAN (Association of Southeast Asian Natiosn) signed the “Free Trade Agreement” and “Investment Agreement” on 12th Nov 2017. Therefore the … Read more
BUD Fund extended to the ASEAN in 2018, divided into “Mainland Programme” and “ASEAN Programme”. It furthered to all economies which signed a free trade agreement (FTA) with Hong Kong, and ASEAN Programme upgraded as “FTA Programme“. After signing “Closer Economic Partnership Arrangement” (CEPA) with mainland China, Hong Kong signed a FTA with 7 economies … Read more
There are plenty of successful cases of Technology Voucher Programme (TVP) since the launch in 2016. BizMagnet TVP Consultant has tidied up open statistic and review relevant information. In according to Legco 2019-2020 meeting document (ITB written reply to Finance Committee), there are totally 3,442 application up to Feb 2020. Among the 2,318 processed applications, … Read more
(BizMagnet Limited is an experienced BUD consultant. Inquiry: 3611 5707) “Time is money”, we are hard-working because we know time is precious and BizMagnet agree with you. Therefore, we response to all inquiries within 15 minutes to answer “You are/are not eligible for the BUD Fund.” At least, we are glad to tell those obviously … Read more
The COVID-19 (formerly known as Wuhan pneumonia) third-wave infection appears in Hong Kong with a lot of sources unknown. Dr Chuang Shuk-kwan, head of the Centre for Health Protection’s (CHP) communicable disease branch warned that the outbreak is severe and advised the public to work at home if possible. Nevertheless, distance business is not easy … Read more
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
Since the launch in Nov 2016, the Technology Voucher Programme (TVP) is so popular for SMEs to enhance productivity, operation and services. We can see abundant successful TVP examples. Now (Jun 2016) the TVP Fund offers 75% of IT projects (cumulatively HK$ 600,000) for Hong Kong eligible companies. BizMagnet TVP consultant consolidates this “TVP Fund … Read more
