Understand more about business consultation, government business granting fund and latest business development trend.
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
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 $4 million grant is so attractive that companies submit the BUD application without knowing the detail. If enterprises want to get the government funding, it would be better to know … Read more
Eligible firms can get at most HK$ 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
(Last update: 07/11/2022) The HKSAR Government launched the “Export Marketing Fund, EMF” to help Hong Kong SMEs to boost export promotion and enhance Hong Kong competitiveness. Each eligible HK SME can have at most HK$ 1,000,000 and the scheme allows the applicant to implement the project first before application. Eligibility The basic eligibility of the … Read more
When we talk about government fund, most of us will think about the BUD Fund or the TVP, and neglect the “Export Marketing Fund” (EMF). From 2001 to 11th Sep 2020, the EMF has already granted more than $3.9 billion to help SMEs to explore outside market. Let BizMagnet brief this useful EMF. Objective To … Read more
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
The Innovation and Technology Commission launched the Technology Talent Scheme in 2018. Under the Scheme, there is the Reindustrialization and Technology Training Programme (RTTP). Hong Kong companies can gain the subsidy on a 2:1 matching basis to train their staff to boost technology and “Industry 4.0” related capability. The fund grants at most HK$500,000 every … Read more
No other company structure is qualified to apply the BUD Fund. Some common structures such as holding company or offshore owning company (which is also known as “Sister companies”) are not eligible to the BUD Fund. BizMagnet consultant experiences a lot of unqualified applicant due to the above issue. If you like to know more … Read more
The Hong Kong Government launched “Dedicated Fund on Branding, Upgrading and Domestic Sales” (BUD Fund). The 2 programmes under the Fund namely “Mainland Programme” and “FTA Programme” grant at most HK$ 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
