BUD Fund provides up to HKD 4 million to HK firms to brand, upgrade and develop in mainland China and Free Trade Agreement regions.
*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
If you have a smooth business in Hong Kong, it may be the time for you to consider an expansion to other regions. From an idea to a reality, we should have a holistic business plan and sufficient capital. People is always asking: how can I raise the fund? Let BizMagnet introduce to you some … Read more
2 Types of BUD Projects When we talk about BUD Fund, most people regard it as a project execution grant, i.e. You have something to do and the HK Government grants you some money to do it. Nevertheless, there are actually TWO types of BUD projects, named “Type (i)” and “Type (ii)” respectively. Well, the … Read more
Believe it or not, we finally initiate this project – the BizMagnet. We devote to business-government relations works for years and earn not only experience how to deal with government fund application but also precious friendship. Many friends ask us the same question, “everybody feels confused with the future after social unrest and the COVID-19 … Read more
