To provide funding support for individual non-listed Hong Kong enterprises to undertake projects to develop brands, upgrade and restructure their business operations and promote sales in the Mainland and markets of economies with which Hong Kong has signed Free Trade Agreements (FTA) and/or Investment Promotion and Protection Agreements (IPPA), so as to enhance their competitiveness and facilitate their business development in these markets.
Key details
Max amount per application
HK$100,000
Max amount cumulative
HK$7,000,000
Grant type
Cash grant on matching basis
Application submission type
Open Year-Round
Max programme duration
24 months
Eligibility
Categories
Public and Societal Benefit
Target beneficiaries
Other
Other beneficiary
Local Businesses
Areas of focus
Brand DevelopmentBusiness SolutionsMarket ExpansionBusiness Development
Grant conditions & requirements
All non-listed enterprises registered in Hong Kong under the Business Registration Ordinance (Chapter 310) with substantive business operations in Hong Kong are eligible to apply, irrespective of whether they belong to the manufacturing or service sector or whether they already have any business operations in the Mainland and the FTA economics.
Funding will be provided on a matching basis, i.e. the Government will cover a maximum of 50% of the total approved project cost and the enterprise has to contribute no less than 50% of the total project cost in cash. During the tenure of the BUD Fund, each enterprise may obtain funding for a maximum of forty approved projects and the total cumulative funding amount is $4,000,000 under the “Mainland Programme” and the “FTA Programme”.
Any projects that assist individual Hong Kong enterprises in exploring and developing the Mainland and FTA economics markets through developing brands, upgrading and restructuring operations and promoting sales are eligible.
Each funded project should be completed within 24 months.
Funder
Type of funder
Government
Known successful applicants
Z Laboratory Ltd., Chanti Wine Limited, JP Advisory Limited
