Dedicated Fund on Branding, Upgrading and Domestic Sales

Legal Status: Must be a registered company in Hong Kong under the Business Registration Ordinance (Chapter 310). Non-Listed: All listed companies (Main Board or GEM) are ineligible. Substantive Operations: Must have actual business operations and transactions in Hong Kong (not a shell company). Target Market: The project must aim to develop business in the Chinese Mainland or any of the 39+ economies with Free Trade Agreements (FTAs) or Investment Promotion and Protection Agreements (IPPAs) with Hong Kong.

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.