The Hong Kong SAR Government provides a number of funds to enhance Hong Kong business competitiveness, operation and technology application etc. However, enterprises and government have a very different viewpoint, and this makes the government funding application very confusing for enterprises. Government funding consultants play an important role to help businesses to apply for corresponding funds. The service allows a better resource usage for companies.
From 14th March 2025, there are significant changes in the BUD Fund and the EMF. Our consultant believed that it was due to public finance deficit and serious abuse. The followings are the detail: There are also changes in the scope and the requirement in items. BizMagnet consultant anticipated two years ago that the Authority … Read more
The TVP will cease accepting application after 31st Dec 2024. The Government considers that the Programme has already achieved its purpose and it is time to come to a stop. Though the news shocks many companies, BizMagnet is looking forward to new funding applicable.
From 16th Nov 2024, the BUD Fund extends to Peru The economies under discussion with Hong Kong include Bangladesh, Russia and Saudi Arabia. Up to Nov 2024, the BUD Fund supports Mainland China and other 38 economies.
In order to promote the employment of persons with disabilities and establish inclusive working environment, the Labour and Welfare Bureau (LWB) of the HKSAR Government, in collaboration with the Rehabilitation Advisory Committee, the Hong Kong Joint Council for People with Disabilities and the Hong Kong Council of Social Service, launched the Talent-Wise Employment Charter and … Read more
BizMagnet wish you a happy new year! In the previous year, we had many many businesses and wrote less articles for our readers. We promise to write more in the coming time. A lot of people expected more opportunities in 2023 after the pandemic recovery, and they were disappointed. Economic downturn took places in almost … Read more
From 31st Oct 2023, the BUD Fund extends to Türkiye. Republic of Türkiye locates at Asia-Europe junction and the country is a member of the G20 Group. The economies under discussion with Hong Kong include Bangladesh, Russia and Saudi Arabia. Up to Oct 2023, the BUD Fund supports Mainland China and other 37 economies.
The Government released some data of the BUD Fund on 8th May 2023, and BizMagnet BUD Fund consultant is about to share. The BUD Fund was established in June 2012. Up to Feb 2023, there are about 5,700 applications approved and 4,100 enterprises reimbursed. The total released fund is about 3.4 billion HKD. In average, … Read more
The Competition Commission lodged a case on 22nd March 2023 in the Competition Tribunal against 4 IT companies. The case told that these companies unfairly obtained 189 projects in “D-biz” with cover bids and the corresponding amount is about 13 million dollars. This is the very first case, and what is cover bidding? Cover bidding … Read more
BizMagnet Limited is happy to tell that we are awarded the “Caring Company” logo by the Hong Kong Council of Social Service. The Award encourages our effort on social responsibility for all time being. Caring the community, staff and the environment are universal. They are also our main concerns. The Caring Company Scheme was founded … Read more
Financial secretary Paul Chan announced the first financial budget after normalcy. As the deficit is serious, many measures have been cut or cancelled. We have the summary here: BizMagnet government fund consultant helps Hong Kong companies to apply for TVP, BUD Fund and EMF etc. We also recommend quality suppliers to help you to brand, upgrade and sell.