Government grants business to take projects which are beneficial to the business itself, the industry and the society as a whole.
The local and global economy suffered from the COVID-19 pandemic. In order to assist local SMEs, the Hong Kong Government enhanced the BUD Fund further. The BUD Fund subsidizes Hong Kong eligible companies to expand in mainland and FTA markets (includes ASEAN), upgrade, transform and brand. The Mainland Programme and the FTA Programme (formerly known … Read more
In a recent survey, the Consumer Council found that many home renovation suppliers provide very vague quotation leading dispute or even incomplete works. Among the 11 renovation companies, only 2 can provide a detail quotation while the remaining 9 provided quotation vague or even without content. It is very hard to compare among the competitors … Read more
One of the core of the BUD Fund is brand development. In order to protect the brand, we have to manage the intellectual property (IP) properly. The SUCCESS of the Trade Industry Department arranges the online seminar to discuss about intellectual property registration. It includes the difference between trademark, copyright and patent, also the intellectual … Read more
As COVID-19 epidemic slowed down in Hong Kong, China and Southeast Asia, it is time for Hong Kong companies to plan the business expansion. The BUD Fund is implemented by the Hong Kong Productivity Council. Under the Fund, the Mainland Programme and the FTA Programme (formerly known as ASEAN Programme) provide a one-to-one subsidy up … Read more
In early time, Facebook, the mother company of WhatsApp, launched the “WhatsApp Payment” service in Brazil. Recently, our TVP consultant often receives inquiries from local SMEs about customer relationship management system (CRM) supporting WhatsApp. It is because the instant messenger has a very high coverage in Hong Kong. Almost all smartphone users register WhatsApp to … Read more
E-commerce in the Guangdong-Macau-Hong Kong Greater Bay Area (GBA) grows rapidly. There are plenty of platforms such as Taobao, Tmall, JD, Little Red Book and TikTok etc. The SUCCESS of Trade and Industry Department (TID) organizes the webinar “Exploring E-Commerce opportunities in the Greater Bay Area” and invites specialists in the industry to share latest … Read more
On 9th April, the Export Marketing Fund (EMF) enhanced to support virtual exhibitions. The EMF subsidizes Hong Kong SMEs to promote in markets outside Hong Kong, including latest promotion methods like website development, online advertisement and virtual exhibitions. The subsidy is 50% of the total cost and up to HK$ 800,000. The Hong Kong Trade … Read more
TVP applicants often ask BizMagnet consultancy if there is any shortcut for quotations required by the TVP office. Time is money, once a business meets a suitable supplier, it will sign the agreement and go ahead. It is not so common to do a in-depth comparison. However, government departments, public institutions and government funded projects … Read more
The Retail Technology Adoption Assistance Scheme for Manpower Demand Management (ReTAAS) is a government fund that helps retailers to use manpower management technology and enhance productivity. All non-listed retailers are eligible to apply for the ReTAAS. ReTAAS sponsors 50% of the project cost with cumulative maximum $50,000. (Maximum number of application is two) The followings … Read more
Information technology industry is full of competition, for example, compete for Technology Voucher Programme project. Therefore the Competition Commission organizes a webinar about the Competition Ordinance for the IT sector. It will introduce the content of the Ordinance, Do’s and Don’ts under the Ordinance and some competition cases etc. IT suppliers should understand the Ordinance … Read more
