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/

  • BUD Fund geographical limitation
    The Budget will be released next month, and the Chinese Manufacturers’ Association (CMA) gave a number of suggestions. One proposed item is to release, as the EMF, the geographical limitation of the BUD Fund. The Fund should support all markets outside Hong Kong (no more Mainland Programme and FTA and IPPA Programme), the CMA suggested. … Read more
  • Govt Funding 2023
    BizMagnet wish you a Happy New Year and good health. In the new year time, our consultant would like to share viewpoints about current situation, and the consequence to government funding. The Chinese Government’s termination of the “zero COVID policy” is the very first black swan of 2023. Almost nobody anticipated the sudden change before … Read more
  • Know more about Intellectual Property
    Whenever our consultants mention the importance of intellectual property (IP), most clients response: it is only for big corporation. Indeed we have a lot of tool in commerce to avoid potential risk, such as commercial insurance and intellectual property etc. Think about it, an employee demands million dollars as compensation to industrial accident and you … Read more