Government Fund 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. The funds below are what HUYI Global could assist to apply.
Government Funding Table |
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|---|---|---|
| Funding | “Dedicated Fund on Branding, Upgrading and Domestic Sales” (the BUD Fund) | Patent Application Grant |
| 1. Eligibility of Company Type | Hong Kong non-listed companies | Hong Kong companies/ Individuals |
| 2. Eligibility of Company Conditions | Business operation for at least 3 years | 1) Never owned any patents in any regions and countries before
2) The inventors of the invention shall be a directly related party/parties to the applicant company |
| 3. Maximum of the Funding | HKD$500,000 | HKD$200,000 |
| 4. Maximum Funding of Each Project | HKD$500,000 or 90% of the total fee per single Project | Only once |
| 5. Disbursement of Grant | 1) 25% Initial payment
2) 75% final payment on a reimbursement basis |
Funds directly released to the implementation agent |
| 6. Contribution from the Applicant | 50% of the total project amount | 10% the total application fee |
| 7. Assessment Procedure | Need an initial assessment of all applications | 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 |
Not required |
| 9. Maximum of Projects | 3 projects | Only one |
| 10. Time Limit on Application of Each Project | Within 36 months after approval | Within 36 months after approval |
| 11. Time Intervals of Each Application | After finishing the previous application | Not required |
| 12. Eligibility of Application for Intellectual Property Rights | 1) China Trademark Application
2) China Patent Application |
Patent Application |
| 13. Application Process | 2 – 9 months | 6 – 12 months |
| 14. Application Period | Until June 2022 | Not Applicable |
| 15. Remarks | The final verdict rests with a Programme Management Committee (PMC). For details, please click here to visit BUD website. | The final verdict rests with the Innovation and Technology Commission. For details, please click here to visit ITC’s website. |
More Details on Funding
Patent Application Grant Scheme
