BUD Fund provides up to HKD 4 million to HK firms to brand, upgrade and develop in mainland China and Free Trade Agreement regions.
(The event is done. Please view the review here.) BizMagnet co-organizes with HSBC Business Go (formerly known as “HSBC VisionGo”) the “Latest government funding and loan application” seminar. In the event, our consultants and HSBC representatives will share the capital issues of SMEs and corresponding solutions. These include the BUD Fund, the TVP and commercial … Read more
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
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
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
The Chief Execute-elect John Lee said, the re-opening of mainland border is the first priority job of his term. However, it is clearly not pragmatic to wait for the re-opening at this moment. “Zero-COVID policy” are only in several countries and regions in the world. Even isolated North Korea reported thousands of cases recently. Scientists … Read more
(This page is updated up to Mar 2024) The BUD Fund consists of “Mainland Programme” and “FTA and IPPA Programme“, and supports related projects in Mainland China and FTA and IPPA economies respectively. The FTA and IPPA Programme was originally the ASEAN Programme to supports projects in the ASEAN member states. Later on the Programme … Read more
From 14th Feb 2022, the 2nd phase extension of the BUD Fund will be in effect as below: The FTA & IPPA Programme will extend to Austria, Belgo-Luxembourg Economic Union, Canada, Denmark, Finland, France, Germany, Italy, Mexico, the Netherlands, Sweden and the United Kingdom. The total subsidy remains unchanged as HKD 6,000,000 on one-to-one basis. … Read more
Hong Kong experienced unprecedented changes since 2019. Social unrest in 2019, National Security law and the change in trade status in 2020, and also global COVID-19 pandemic, all make fundamental changes to Hong Kong business environment. As BizMagnet government funding consultant expected, the HKSAR Government cannot reduce support to business due to political and economic … Read more
Under challenges of the globe and the region, the Hong Kong Government upgraded the FTA Programme of the BUD Fund to FTA & IPPA Programme in July 2021. Besides ASEAN and other FTA regions, it extends to Japan and Korea. The upper limit of funding (both Mainland Programme and FTA & IPPA Programme) raised from … Read more
From July 2021, the FTA Programme of the BUD Fund has upgraded to “FTA and IPPA Programme“. Besides the ASEAN and FTA economies, the Programme now supports also Japan and Korea. The total subsidy of Mainland Programme and FTA and IPPA Programme increases from HK$4 million to $6 million. By the BUD Fund, HK enterprises … Read more
