Latest in 2022: BUD Application Assistance
Update December 2022: BUD Enterprise Support Program——————–How to Apply for BUD?Companies applying for BUD should fill out the application form online and provide the following documents for the applying company:(i) A copy of the business registration certificate.(ii) Copies of documents demonstrating the personal information of the responsible person/shareholder holding 30%…
6 Things You Need to Know Before Hiring a Government Funding Consultant for Your Technology Voucher Application
BUD Special Fund The government currently offers various subsidy programs, such as Technology Voucher Program, BUD (Business Development Fund), and SME Market Promotion Fund, to assist small and medium-sized enterprises in promoting their businesses. However, the conditions and subsidy amounts for each program are different. You can choose which subsidy…
The Innovation and Technology Fund allocated 4 billion dollars last year, doubling over the past 5 years.
BUD Special Fund According to a report by the Hong Kong Economic Journal, the Hong Kong government’s funding for the “Innovation and Technology Fund” reached a new high in 2021, with actual expenditure doubling compared to 2017, reaching 4 billion Hong Kong dollars. The funding for the Technology Voucher Program…
Successful Cases of Expanding into Macau with BUD
Successful Case of Expanding into the Macau Market Using the BUD Special Fund Beauty Agency Company Encounters Challenges in Developing in Hong Kong? In 2020, a beauty product agency company in Hong Kong with over 20 years of operation (hereafter referred to as “Beauty Agency”) approached us and entrusted our…
Latest Release: BUD Easy Application
The government launched the “BUD Special Fund” on June 16, 2023 – Easy Application: The funding ceiling for each approved project under Easy Application is HKD 100,000????. Funding will still be provided on a 50%:50% basis, following the principle of equal sharing????. Application processing time has been shortened to complete…
BUD Special Fund for Purchasing Machinery and Relocating Facilities: Quotation Guidelines
BUD Fund Special Fund Application and Quotation GuidanceThe BUD Special Fund provides grants of up to HK$7 million to support Hong Kong businesses in investing or expanding into Mainland China or economies with which Hong Kong has signed free trade agreements. The scope of BUD funding includes projects related to…
12 Successful BUD Fund Cases
The BUD Special Fund provides up to $7 million in funding to assist Hong Kong enterprises in entering the free trade zones/mainland China market, developing their brands, and upgrading their transformations. Many companies that have attempted to apply for BUD funding find the application process quite cumbersome. The application form…
BUD Fund Expanding Mainland E-commerce: 6 Key Douyin Live Streaming Tips Recommended by the Official
HK$7 million BUD Special Fund Supports Expansion into Mainland E-commerce MarketWith the rapid growth of the mainland e-commerce market, a new wave of live streaming e-commerce has opened up broader opportunities for sales. It is estimated that by 2022, the mainland e-commerce live streaming market will reach a market size…