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 author knows a new friend Mr Li, a shoe brand boss, and we talked about his brand story. Many years ago, his brand mainly focused on the Western market. When China was open to the world, a lot of manufacturers, including Mr Li, went to China to start a new factory to lower the … Read more
The BUD Fund grants at most HK$ 4,000,000 to each eligible enterprise (shared by Mainland Programme and FTA Programme). The BUD project includes establishing a holistic business plan, known as BUD Type (i), and the implementation, known as BUD Type (ii). Though a firm can apply for 40 times at maximum, in general, 1 to … Read more
Substantial manufacturers in China is moving away due to the global conflict, and Vietnam is one of the popular choices. The HKTDC and the SUCCESS co-organize a webinar to discuss the latest situation in North Vietnam, including its advantages in manufacturing and market opportunity. There will also be an introduction to the BUD Fund. (Vietnam … Read more
*This article was written in May 2020. However, the ITC Technology Voucher Programme relaxed the restriction on 14th Aug 2020, please refer to: TVP “related entities” restriction relaxed. Only for TVP. For all government business subsidies, the applicant should be a company. Some asked BizMagnet before this question: If I set up 10 companies, can … Read more
From time being, most successful BUD Fund applicants are manufacturers. This is because factories have an obvious need to transform as brands. Nevertheless, as the number of target market sponsored by the BUD Fund increases (from mainland only to all Free Trade Agreement regions today), plus the market structure changes, more and more service providers … Read more
Hong Kong has suffered from social unrest in 2019 and the COVID-19 pandemic in 2020. When things seem to recover recently, the Chinese government bypasses Hong Kong legislature to make a national security bill. Hong Kong is now on the front-line of Sino-American conflict. These unprecedented events bring total uncertainty to Hong Kong politics and … Read more
The following case is a typical story of a Hong Kong manufacturer. In the decade 1990s, the cost of manpower and land kept rising for Hong Kong factories, and many of them decided to move to mainland China. After around 20 years, the economy of China has expanded a lot which leads to the same … Read more
The BUD Fund has the latest improvement on 9th April, 2020. Each eligible enterprises can apply the Mainland Programme or the FTA Programme for at most 40 times. The maximum grant for each application is HKD 1 million, at a one-to-one basis. i.e. for each dollar the enterprise finances, the government will grant one dollar … Read more
The origin of the BUD Fund In resonance with Chinese “One Belt, One Road” project, the HKSAR government launched the Dedicated Fund on Branding, Upgrading and Domestics Sales (BUD Fund) of HKD 1 billion in 2012 to help Hong Kong companies to enter the mainland China market. From time being, Hong Kong has been discussing … Read more
BUD Fund is a multi-domain grant BUD Fund provides at most HKD 4 million to an eligible Hong Kong company to enter and expand in Mainland China and Free Trade Agreement (FTA) regions. It is a good cash-flow supply to those companies planning to brand, upgrade and market. However, many companies and business consultants get … Read more
