Government grants business to take projects which are beneficial to the business itself, the industry and the society as a whole.
Due to COVID19 surging infection, the Entrepreneur Day 2020 is rescheduled. Nevertheless, the virtual seminar will broadcast as scheduled. More information: Rescheduling of Entrepreneur Day A major annual highlight by the Hong Kong Trade Development Council – Entrepreneur Day 2020 is about to launch under the COVID19 pandemic. It is an integrated event of conference, … Read more
The COVID-19 (formerly known as Wuhan pneumonia) third-wave infection appears in Hong Kong with a lot of sources unknown. Dr Chuang Shuk-kwan, head of the Centre for Health Protection’s (CHP) communicable disease branch warned that the outbreak is severe and advised the public to work at home if possible. Nevertheless, distance business is not easy … Read more
Hong Kong Government established the Construction Innovation and Technology Fund (CITF), with an approved allocation of HK$1 billion, in October 2018. The fund aims to encourage and support the local construction industry in adopting innovative construction methods and technologies, thereby promoting productivity, uplifting build quality, improving site safety and enhancing environmental performance. SUCCESS invites the … Read more
A BUD applicant company should authorize a representative for contact, and it is usually the company owner or staff. Whenever the BUD Office encounters ambiguity of the application, it will contact this representative for clarification. To our BUD consultant‘s experience, no matter how fine the BUD proposal is, the Office has to inquire to certain … Read more
Since the launch in Nov 2016, the Technology Voucher Programme (TVP) is so popular for SMEs to enhance productivity, operation and services. We can see abundant successful TVP examples. Now (Jun 2016) the TVP Fund offers 75% of IT projects (cumulatively HK$ 600,000) for Hong Kong eligible companies. BizMagnet TVP consultant consolidates this “TVP Fund … Read more
According to the BUD Fund application guide, the applicant must be a registered Hong Kong company, and if there is local business (BUD Type (ii) project in general), the Hong Kong applicant company should demonstrate its direct investment relation with the local business. Recognized relation should be one of the following: The applicant owns more … Read more
BizMagnet consultant found several news about cases of government fund fraud. Some of the people may be greedy, some may be for the sake of convenience, and result in legal consequence. SMEs applying for the TVP usually offend the “bid rig” under “Competition Ordinance” and criminal offence such as “conspiracy to fraud” and “using a … Read more
BizMagnet BUD consultants often reach clients from different background, and find out that some fail to apply for the BUD Fund on their own. The $4 million grant is so attractive that companies submit the BUD application without knowing the detail. If enterprises want to get the government funding, it would be better to know … Read more
The GS1HK co-organizes the seminar with the HKPC, Messofy, Posify and MediaOn to discuss the business strategy after COVID-19. In the seminar, they will introduce the BUD Fund Mainland Programme and ReTAAS, O2O Omni-channel retailing, retail system and online marketing. Date: 2020/07/09 (Thu) Time: 2:00pm – 4:30pm Venue: Online OR 22/F, Overseas Trust Bank Building, … Read more
There are number of successful BUD stories since the establishment in 2012. The BUD Secretariat often invites applicant enterprises to share their successful experience with the government funding. BizMagnet BUD consultant is about to tell how a jewellery company transformed. From West to China The jewellery company had been a designer and manufacturer for Western … Read more
