BUD Fund ESP (“Dedicated Fund on Branding, Upgrading and Domestic Sales – Enterprise Support Programme”) has two programmes as follows:
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 6 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:
4 steps to apply the BUD Fund:
- 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.
- Assist in preparing the application proposal
We will prepare all required documents for the BUD application, including the proposal.
- Assist in response to the BUD Office
Once we submit the application, the BUD Office will inquire for further explanation.
- 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 10th anniversary
One decade has passed since the launch of the BUD Fund in June 2012. The matching fund, initially, encouraged Hong Kong businesses to explore the mainland market. After series of enhancement, the BUD Fund now supports 37 economies and each eligible enterprises can get HK$ 6,000,000 at most. In order to help you to know … Read more - BUD Fund 3rd phase extension 2022
From 27th Jun 2022, the 3rd phase extension of the BUD Fund will be in effect as below: The FTA & IPPA Programme will extend to Kuwait and the United Arab Emirates. The total subsidy remains unchanged as HKD 6,000,000 on one-to-one basis. BizMagnet government fund consultant helps Hong Kong companies to apply for TVP, … Read more
- Successful BUD cases in 2022
The Dedicated Fund for Branding, Upgrading and Domestic Sales (BUD Fund) was launched in 2012 to help Hong Kong companies to brand, upgrade and market in mainland China. As Hong Kong signed Free Trade Agreement and Investment Promotion & Protection Agreement with other economies, the BUD Fund are now consisted of Mainland Programme and FTA … Read more
