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Government Funding Schemes with HKPC as Secretariat

Funding Scheme Description
Technology Voucher Programme (TVP) Innovation and Technology Commission has launched the TVP in November 2016 to support local enterprises/organisations in using technological services and solutions to improve productivity, or upgrade or transform their business processes.
Smart Traffic Fund In the 2019 Policy Address Supplement, the Chief Executive announced the setup of the Smart Traffic Fund (“Fund”) to provide funding support to local organisations or enterprises for conducting research and application of innovation and technology with the objectives of enhancing commuting convenience, enhancing efficiency of the road network or road space, and improving driving safety. $1 billion have been earmarked for the Fund, which commences operation in 2020-21.
Pilot Subsidy Scheme for Third-party Logistics Service Providers With a view to maintaining competitiveness of Hong Kong's logistics sector, the Government of the Hong Kong Special Administrative Region launched the“Pilot Subsidy Scheme for Third-party Logistics Service Providers”(the Pilot Scheme) on 12 October 2020 to encourage the adoption of technology by the logistics sector for enhancing efficiency and productivity. The Pilot Scheme also covers the purchase of X-ray machines under the Regulated Air Cargo Screening Facilities (RACSFs) Scheme accepted by the Civil Aviation Department.
Local Mask Production Subsidy Scheme In view of the spread of the COVID-19 worldwide, the demand for masks has surged significantly, aggravating the acute supply shortage situation in Hong Kong. The HKSAR Government has launched the “Local Mask Production Subsidy Scheme” (the Scheme) under the Anti-epidemic Fund, facilitating the start of local mask production to help address the imminent shortage as well as to build up some reserve stock. The Hong Kong Productivity Council administers the Scheme and serves as the Secretariat, and the Commerce and Economic Development Bureau (CEDB) is responsible for approving applications. All the quota of 20 production lines under the Scheme have been allocated.
BUD Fund The Government of the Hong Kong Special Administrative Region launched the “Dedicated Fund on Branding, Upgrading and Domestic Sales” (the BUD Fund) 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 Mainland China market and economies with which Hong Kong had signed the Free Trade Agreements (FTAs), and the Investment Promotion and Protection Agreements (IPPAs), so as to enhance their competitiveness and facilitate their business development in the abovementioned markets.
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.


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