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xf yt Government Funding Scheme & Support - StartupmeHK
StartupmeHK

Government Funding Scheme & Support

The Hong Kong Government is committed to supporting startups and SMEs to help realize their vision and take their business to the next level. Find out about government funding schemes available to assist your business.

Anti-Epidemic Fund - Support Measures for SMEs and Startups (Special Relief Measures)

The novel coronavirus epidemic has brought exceptional challenges to Hong Kong. The Hong Kong Special Administrative Region Government has responded to the needs of the public and the society in an unprecedented manner. Our objectives are: first, to help businesses stay afloat; second, to keep workers in employment; third, to relieve financial burdens of individuals and businesses; and fourth, to assist the economy to recover once the epidemic is contained.

The Government has launched a few rounds of measures to assist the affected industries and the public, including:

  1. The first round of the $30 billion Anti-epidemic Fund approved by the Legislative Council on 21 February 2020
  2. The $120 billion relief package in the 2020-21 Budget announced by the Financial Secretary on 26 February 2020
  3. The second round of the $137.5 billion Anti-epidemic Fund measures approved by the Legislative Council on 18 April 2020
  4. The third round of $24 billion Anti-epidemic Fund and other measures announced on 15 September 2020
  5. An injection of $6.4 billion into the Anti-epidemic Fund approved by the Legislative Council on 21 December 2020

Besides, the Anti-epidemic Fund Steering Committee approved 16 new measures having regard to the development of the pandemic and the actual business situation of various industries.


Anti-Epidemic Fund - Startups and I&T Related Only

Distance Business Programme

Remote working or service has become a new trend against the backdrop of the epidemic. Under the Anti-Epidemic Fund, the Innovation and Technology Commission (ITC) has launched the Distance Business (D-Biz) Programme to support enterprises to continue their business and services during the epidemic. The Programme provides funding support through fast-track processing for enterprises to adopt IT solutions for developing distance business. The Hong Kong Productivity Council is the Secretariat of the Programme.
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Loan Guarantee

Special 100% Loan Guarantee under the SME Financing Guarantee Scheme

The Special 100% Loan Guarantee is applicable to all sectors.  The loans will be fully guaranteed by the Government.  Eligible enterprises should have been operating for at least three months as at end-December 2019, and have suffered at least a 30% decline in sales turnover in any month since February 2020 compared with the monthly average of any quarter in 2019. 
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Supporting Research & Development

Nurturing Tech Talent Pool

STEM Internship Scheme

The STEM Internship Scheme (“the Scheme”) aims to encourage STEM students to gain innovation and technology (I&T)-related work experience during their studies and to foster their interest in pursuing a career in I&T after graduation, so as to enlarge the local I&T talent pool.
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Talent List Hong Kong

The Talent List of Hong Kong has been drawn up with a view to attracting high quality talents in an effective and focused manner to support Hong Kong’s development into a high value-added and diversified economy. Currently the List comprises 11 professions.
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Youth Development Fund

The Youth Development Fund aims at supporting youth entrepreneurship and youth development activities through collaboration with non-governmental organisations (NGOs), including working with NGOs in the form of a matching fund to help young people start their own business.
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Government Co-Investment with Private VCs

Facilitating Technology Adoption/Patent Application Grant

Marketing Development/Business Upgrading

SME Loan Guarantee/Export Credit Insurance

SME Financing Guarantee Scheme

The Scheme aims at helping local small and medium-sized enterprises (“SMEs”) and non-listed enterprises to obtain financing from participating lenders for meeting their business needs so as to enhance their productivity and competitiveness in the rapidly changing business environment.
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SME Loan Guarantee Scheme (SGS)

The SGS is a loan guarantee scheme whereby the Government acts as the guarantor of individual SMEs to help them secure loans from the PLIs for (a) acquiring business installations and equipment and (b) meeting working capital needs of general business uses.
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Industry Focus Funding Schemes

Chinese Medicine Development Fund

The main purpose of the Hong Kong Chinese Medicine Development Fund is to promote the development of the Chinese medicine and Chinese medicine drug sectors, enhance the overall standard of the industry, nurture talents for Chinese medicine, promote Chinese medicine-related research and enhance public knowledge and understanding of Chinese medicine.
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Recycling Fund

The Recycling Fund comprises two parts, namely the Enterprise Support Programme (ESP) and Industry Support Programme (ISP). The former provides funding support for individual Hong Kong enterprises to upgrade and expand their waste recycling operations in Hong Kong. The latter provides funding support for non-profit distributing organisations (NPOs) to undertake non-profit making projects which can assist the local recycling industry in general or in specific sectors in enhancing their operational standards and productivity.
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Hong Kong Science & Technology Parks Corporation (HKSTP)

We empower the innovation and technology ecosystem in Hong Kong through a host of strategic initiatives. We’re bridging innovators with various stakeholders as we build the city’s largest R&D base to turn ideas into market-ready solutions. Since 2002, we’ve cultivated successful Innovation and Technology (I&T) companies, formed strong local and international partnership networks and created a thriving community within HKSTP.

Elevator Pitch Competition (EPiC)

Elevator Pitch Competition (EPiC), organised by Hong Kong Science and Technology Parks Corporation (HKSTP), is an exciting tech startup challenge drawing hundreds of brilliant minds from the globe to unleash their brain powers.
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HKSTP Ventures

As HKSTP’s corporate venture fund, HKSTP Ventures’ vision is to drive the innovation and investment ecosystem in Hong Kong. We combine HKSTP’s resources with those of private sector investors to nurture early-stage technology startups, giving local talent the opportunity to make an impact on the world.
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Incu-App Incubation Programme

Incu-App is a two-year programme designed to help startups develop new solutions from existing technology. We provide designated account managers who can give you professional guidance, so you can tap into industry expertise in content development, application platform and market support value chains through partnerships with top companies in Hong Kong. 
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Incu-Bio Incubation Programme

A four-year programme managed by the Biomedical Technology Cluster, Incu-Bio supports the development of biomedical tech startups in Hong Kong. Connect with stakeholders in investment and regulatory support to devise the perfect business plan.
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Incu-Tech Incubation Programme

Incu-Tech is a three-year programme aimed at helping technology startups specialising in deep tech research to develop innovative solutions. Work in our furnished office spaces, access world-class R&D equipment and lab services across our campus.
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Cyberport

Cyberport is an innovative digital community with about 1,500 technology companies. It is managed by Hong Kong Cyberport Management Company Limited, which is wholly owned by the Hong Kong SAR Government. With a vision to be the hub for digital technology thereby creating a new economic driver for Hong Kong, Cyberport is committed to nurturing a vibrant tech ecosystem by cultivating talent, promoting entrepreneurship among youth, supporting start-ups on their growth journey, fostering industry development by promoting strategic collaboration with local and international partners, and integrating new and traditional economies by accelerating digital adoption in the public and private sectors.

Cyberport focuses on fostering the growth of major technologies application namely FinTech, smart living, digital entertainment & esports, as well as technology development such as artificial intelligence (AI) & big data, blockchain and cybersecurity. With a team of committed professionals providing all round, value-added services, state-of-the-art facilities and smart workspaces to support our digital community, Cyberport is the flagship for Hong Kong’s digital tech industry.

Cyberport University Partnership Programme (CUPP)

The Cyberport University Partnership Programme (CUPP) is a life-changing experience to unleash participants’ full potential and gain insights into the global market! This financial technology (FinTech)-focused entrepreneurship programme offers students who are nominated by CUPP university partners of Cyberport a unique chance to participate in an Entrepreneurship Boot Camp overseas and receive mentorship from industry elites.
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Government Support Bodies

The Hong Kong Government is committed to supporting startups and SMEs to help realise their vision and take their business to the next level. Find out more about support services provided by various government departments and statutory bodies.

CreateHK

The CreateHK is a dedicated agency set up under the Commerce and Economic Development Bureau on 1 June 2009 to lead, champion and drive the development of the creative economy in Hong Kong.
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Cyberport

Cyberport is an innovative digital community with about 1,500 technology companies. It is managed by Hong Kong Cyberport Management Company Limited, which is wholly owned by the Hong Kong SAR Government.
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Hong Kong Design Centre

As the HKSAR’s strategic partner in promoting design, HKDC is a publicly-funded design promotion agency tasked to run and grow Hong Kong’s flagship programmes – Business of Design Week, Knowledge of Design Week, Fashion Asia Hong Kong, Design Incubation Programme & Fashion Incubation Programme, DFA Awards, and fostering creative and design thinking.
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Hong Kong Productivity Council (HKPC)

Hong Kong Productivity Council (HKPC) is a multi-disciplinary organisation established by statute in 1967, to promote productivity excellence through integrated advanced technologies and innovative service offerings to support Hong Kong enterprises.
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Hong Kong R&D Centres

The Hong Kong R&D Centre Programme is the core initiative driven by the Innovation and Technology Commission of HKSAR Government with the aim to harness Hong Kong’s advantages in applied research, intellectual property protection, business-friendly environment and proximity to the manufacturing based in the Pearl River Delta (PRD) region, to thrive as a regional technology service hub.
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Fintech

InvestHK FintechHK

InvestHK is the Hong Kong Special Administrative Region (HKSAR) Government Department responsible for Foreign Direct Investment. It has set up a dedicated FinTech team in Hong Kong with correspondents located in London and San Francisco.
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Fintech Sandboxes

Financial regulators in Hong Kong have set up three supervisory sandboxes to enable financial institutions to conduct pilot trials of innovative applications, enabling them to obtain real market data and information on user experience before the launch of any formal product, thereby reducing development time and costs.

Fintech Supervisory Sandbox (FSS)

The Fintech Supervisory Sandbox (FSS), launched by the HKMA in September 2016, allows banks and their partnering technology firms (tech firms) to conduct pilot trials of their fintech initiatives involving a limited number of participating customers without the need to achieve full compliance with the HKMA’s supervisory requirements.
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SFC Regulatory Sandbox

The SFC Regulatory Sandbox (Sandbox) is established to provide a confined regulatory environment for qualified firms1 to operate regulated activities under the SFO before Fintech is used on a fuller scale.
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Innovation Solutions For Public Services Needs

The Government has launched two major initiatives to encourage startups and SMEs to put forward innovation solutions in I&T and engineering areas to enhance the quality and efficiency of public services.

EMSD E&M InnoPortal

The E&M InnoPortal was launched to facilitate the strengthening of collaboration between government departments and public bodies with the I&T sector to encourage the application innovative technology to improve services and support smart city development.
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Smart Government Innovation LAB

The Smart LAB provides a platform to connect government departments with the information technology (IT) sector, particularly local start-ups and small and medium enterprises (SMEs), to help departments leverage on the innovation and technical solutions from the industry to formulate innovative measures for enhancing the quality and efficiency of public services.
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