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BUD

 

Dedicated Fund on Branding, Upgrading and Domestics Sales” (the BUD Fund)

Funding Objective:

To provide funding support for each non-listed Hong Kong enterprise to undertake projects in branding, upgrading and restructuring or promoting sales in the Mainland and FTA economies*(FTA Economies include: the 10 ASEAN member states (Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam), Australia, Chile, the 4 European Free Trade Association member states (Iceland, Liechtenstein, Norway and Switzerland), Georgia, Macao and New Zealand)

Eligibility:

•Non-listed Hong Kong enterprise
•With Hong Kong Business Registration Certificate Registered in Hong Kong under the Business Registration Ordinance Cap. 310
•With substantive business operations in Hong Kong Documentary proof required, e.g.: tax returns, Mandatory Provident Fund pay-records, commercial contracts, invoices, etc.
•Holds relevant licence/qualification/certification in the Mainland and/or FTA market as to demonstrate the viability of the project or has confirmed that such permit is not required
•Can guarantee completion of project before receipt of final payment Indicators include: capital, manpower, administrative capability, etc.

Funding Amount:

•Covering up to 50% of costs, capped at HK$1 million per project
•Maximum of 40 approved projects and HK$4 million cumulative funding per enterprise

Scope of Funding:

•Utilizes the funding for developing business in the Mainland and/or FTA markets not Hong Kong local market

Scope of services:

professional consulting, application and planning design services.

 

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