written by Oscar Venhuis
Finding the right funding for your business can be confusing. To make it easier what is available in 2020 we’ve created a comprehensive list of funding and relief programmes for businesses in Hong Kong.
Most common funding programmes:
- Employment Support Scheme (ESS)
- Distance Business Programme (D-Biz)
- Technology Voucher Programme (TVP)
- SME Export Marketing Fund (EMF)
- SME Financing Guarantee Scheme (SFGS)
- Dedicated Fund on Branding, Upgrading and Domestics Sales (BUD Fund)
- Retail Technology Adoption Assistance Scheme (ReTAAS)
- Postdoctoral Hub for Technology Companies Conducting R&D (PH-TC)
- Researcher Programme for Technology Companies Conducting R&D (RP-TC)
- Patent Application Grant (PAG)
- Public Sector Trial Scheme (PSTS)
Technology R&D:
- Enterprise Support Scheme
- Innovation and Technology Support Programme
- Mainland-Hong Kong Joint Funding Scheme
- Guangdong – Hong Kong Technology Cooperation Funding Scheme
- Partnership Research Programme
- Research and Development Cash Rebate Scheme
- Technology Talent Scheme
- Technology Start-up Support Scheme for Universities
- General Support Programme
- Cyberport and Science Park Schemes
Social Enterprise Funding:
- Social Innovation and Entrepreneurship Development Fund
- Innovation and Technology Fund for Better Living
- Community Investment and Inclusion
- DBS Grants
Other industries in Hong Kong
- Food – Eligible holders of food licence are receiving a one-off grant of $80,000 or $200,000 each.
- Construction – companies are receiving a one-off subsidy.
- Retail – Qualified retail shops are receiving a one-off relief grant of $80,000.
- Art – supports various arts organisations and freelance arts workers.
- Tourism Industry – Subsidy to licensed travel agents ranging from $20,000 to $200,000, hotels will receive a subsidy of $300,000 or $400,000 and tour coach drivers a one-off subsidy of $10,000.
- Passenger Transport – Reimburse 100% of the actual regular repair and maintenance costs and insurance premium for 6 months
- Catering Sector – Subsidy ranging from $250,000 to $2.2 million
- Aviation Industry – One-off subsidy of $1 million per large aircraft and $200,000 per small aircraft
- Education sector – One-off relief grant of $80,000
- Construction sector – One-off subsidy of $7,500 to each eligible construction worker; and $20,000 or $10,000
- Sports – one-off grant of $7,500 to each registered instructor, coach, trainer and provider of interests classes for schools or organisations subvented by the Social Welfare Department.
- Law – $50,000 to small law firms to upgrade information technology.
- Finance – $50,000 to Type C Brokers.
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