Government Funding Application

HUYI Global is dedicated in helping Hong Kong companies to develop their brands in local market and even overseas markets. Therefore, in order to assist clients to expand their business and build their brands overseas, HUYI Global will analyse the business plan of clients’ companies and help them to apply different government subsidies.

Government Funding Table

Funding “Dedicated Fund on Branding, Upgrading and Domestic Sales” (the BUD Fund)
1. Eligibility of Company Type Hong Kong non-listed companies
2. Eligibility of Company Conditions Business operation for at least 3 years
3. Maximum of the Funding HKD$500,000
4. Maximum Funding of Each Project HKD$500,000 or 90% of the total fee per single Project
5. Disbursement of Grant 1) 25% Initial payment 2) 75% final payment on a reimbursement basis
6. Contribution from the Applicant 50% of the total project amount
7. Assessment Procedure Need an initial assessment of all applications
8. Quotation Invitation 1.)>HKD$50,000 needs to submit at least 2 written quotations
2) >HKD$300,000 needs to submit at least 5 quotations
9. Maximum of Projects 3 projects
10. Time Limit on Application of Each Project Within 36 months after approval
11. Time Intervals of Each Application After finishing the previous application
12. Eligibility of Application for Intellectual Property Rights 1) China Trademark Application 2) China Patent Application
13. Application Process 2 – 9 months
14. Application Period Until June 2022
15. Remarks The final verdict rests with a Programme Management Committee (PMC).