BUD Fund

BUD Fund ESP (“Dedicated Fund on Branding, Upgrading and Domestic Sales – Enterprise Support Programme”) has two programmes as follows:

Mainland Programme

Grow with China economy

FTA and IPPA Programme

Free Trade and Business

BUD Mainland & FTA and IPPA Programme

  • Government grants 50% of the project
  • Initial payment is 75% of the granted fund
  • Separate company bank account not required
  • Maximum grant for each project is HKD 1 million
  • Maximum cumulative grant is HKD 7 million
  • Applicable on mainland China and Free Trade Agreement regions

How to apply the BUD Fund?

BizMagnet provides professional BUD consultation service. This consists of 4 steps:

BizMagnet - The application flow of BUD Fund

4 steps to apply the BUD Fund:

  1. Assess the business plan and budget

    BizMagnet will first assess the holistic business plan with the budget plan to make sure it is reasonable for the BUD Office.

  2. Assist in preparing the application proposal

    We will prepare all required documents for the BUD application, including the proposal.

  3. Assist in response to the BUD Office

    Once we submit the application, the BUD Office will inquire for further explanation.

  4. Abridge the procurement workflow

    Procurement should start after successful application to make sure the reimbursement alright.

For brief BUD Fund information, please refer to BUD Fund FAQ
For the detail, please take reference to BUD Fund application – A complete guide 2020

Reference: https://www.bud.hkpc.org/

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