Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund)
Objective: To provide funding support to non-listed Hong Kong enterprises for undertaking projects of branding, upgrading and restructuring or promoting sales in the Chinese Mainland or other economies with which Hong Kong has signed Free Trade Agreements (FTAs) and/or Investment Promotion and Protection Agreements (IPPAs)
Funding Details:
- Projects that assist individual Hong Kong enterprises in exploring and developing the Chinese Mainland, and other FTA and/or IPPA* markets (40 economies in total) through developing brands, upgrading and restructuring operations and promoting sales are eligible.
- To enable more Hong Kong enterprises to make use of the funding to develop their business, “Easy BUD” has been launched to expedite the processing of applications involving designated measures with a funding amount of $100,000 or below.
- With a view to assisting enterprises in developing the Chinese Mainland and ten ASEAN markets through electronic commerce (e-commerce) business, “E-commerce Easy” has been launched to allow enterprises to make use of $1 million funding flexibly within the cumulative funding ceiling of $7 million per enterprise to implement e-commerce projects in the Chinese Mainland and ten ASEAN markets.
Eligibility:
- Non-listed enterprises registered in Hong Kong under the Business Registration Ordinance (Chapter 310)
- Have substantive business operations in Hong Kong
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