Research and Development Cash Rebate Scheme

An applicant is eligible to apply for cash rebate if it is : - a company incorporated in Hong Kong under the Companies Ordinance (Cap. 622) or an enterprise registered in Hong Kong under the Business Registration Ordinance (Cap. 310); and - not a government subvented organisation; and - not a subsidiary of any government subvented organisation The Scheme provides a cash rebate equivalent to 40% of a local enterprise's eligible expenditure in two types of applied R&D projects – - R&D projects funded by the Innovation and Technology Fund (ITF) ("ITF projects"); and - R&D projects funded entirely by local enterprises and conducted in partnership with designated local public research institutes ("Partnership projects"). For Partnership projects, the following types of work or activities will not be eligible for cash rebate under the Scheme - - product enhancement/customisation and related work, conventional operation or/and business activities without scientific research content, such as product design and general system automation; - local enterprises' in-house R&D work; and - research projects outside the science and technology fields such as market researches and management studies