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Government Funding Schemes with HKPC as Secretariat

Funding Scheme Description
BUD Fund To help Hong Kong enterprises capture the opportunities arising from the National 12th Five-Year Plan, the Hong Kong Special Administrative Region Government set up a “Dedicated Fund on Branding, Upgrading and Domestics Sales” (the BUD Fund) of $1 billion in June 2012, to provide funding support to individual Hong Kong enterprises in undertaking projects to develop brands, upgrade and restructure their business operations and promote sales in the ASEAN market and Mainland China market, so as to enhance their competitiveness and facilitate their business development in the ASEAN and Mainland China market.
Chinese Medicine Development Fund The Chinese Medicine Development Fund (CMDF),established by the HKSAR Government, consisting of the Industry Support Programme and the Enterprise Support Programme, benefits the stakeholders at different levels of the entire Chinese medicine practitioners and Chinese medicine drug sectors in a bid to foster overall development of Chinese Medicine industry.
CPPP In April 2008, the Environmental Protection Department of Hong Kong SAR (EPD) launched the Cleaner Production Partnership Programme (the Programme) in collaboration with the Department of Industry and Information Technology of Guangding Province to encourage and facilitate Hong Kong-owned factories in Guangdong and Hong Kong to adopt cleaner production (CP) technologies and practices, thereby contributing to improving the environment. The Programme has been extended until 31 March 2020 with a funding of $150 million by EPD.
Recycling Fund Since its launch in October 2015, Recycling Fund of $1 billion has been promoting the recovery and recycling of waste by facilitating the upgrading of the operational capabilities and efficiency of the recycling industry for sustainable development.
RETAAS The Commerce and Economic Development Bureau of the HKSAR Government sets aside $50 million for Retail Technology Adoption Assistance Scheme for Manpower Demand Management (ReTAAS) in December 2014, to provide funding support for retail enterprises to adopt technologies for manpower demand management purposes and help to enhance productivity.
Patent Application Grant In order to encourage enterprises and inventors to protect their technological research results and transfer their innovation results into assets, the HKSAR Government has allocated a fund to sponsor Hong Kong incorporated companies or Hong Kong permanent residents to apply for patents in Hong Kong and overseas. The scheme is managed by the Innovation and Technology Commission and the HKPC is the implementation organization. First time applicants can get a maximum of 90% sponsorship for their application cost (subject to a maximum of HK$250,000 for each application) when they apply for patents in Hong Kong or overseas through HKPC.
Distance Business Programme Remote working or service has become a new trend against the backdrop of the epidemic. Under the Anti-Epidemic Fund, the Innovation and Technology Commission (ITC) has launched the Distance Business (D-Biz) Programme to support enterprises to continue their business and services during the epidemic. The Programme provides funding support through fast-track processing for enterprises to adopt IT solutions for developing distance business. The Hong Kong Productivity Council is the Secretariat of the Programme.