BUD Special Fund
BUD Special Fund
BUD
Special Fund
Special Fund
BUD Special Fund is the "Special Fund for Brand Development, Upgrading and Domestic Market Expansion", launched by the Hong Kong Special Administrative Region Government in June 2012 to assist enterprises of business expansion and development in the mainland market through brand development, upgrading and transformation, and domestic market expansion.
Grand Digital Group's Services
With more than ten years of rich experience in the field of E-commerce, Grand Digital Group has rich network resources in technology application, design, brand positioning and strategy, and promotion. Moreover, we are familiar with the requirements of application approval, and are sensitive to potential problems to reduce the risk of suspension and improve the chance of success. We are also familiar with the scale of upgrading and transformation of various industries and can provide professional advice on applications to reduce the risk of cash flow problems and delays in project development.
Application eligibility and funding methods
| Free Trade Agreement Programme | Mainland Enhancement Programme | |
| Eligibility requirements | 1. Hong Kong Business Registration 2. Unlisted companies 3. Have a substantial presence in Hong Kong |
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| Countries | New Zealand, Iceland, Liechtenstein, Norway, Switzerland, Chile, Macau, ASEAN-10 *, Georgia, and Australia * ASEAN-10: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam |
China |
| Maximum funding amount | Seven million Hong Kong dollars (The maximum subsidy for each application project is million Hong Kong dollars) | Seven million Hong Kong dollars |
| Methods of Funding (Applicant enterprises: Choose 1 of 2 methods of funding) | 1. Application for Initial funding: The initial funding will be up to 75% of the total amount and the balance will be released upon completion. 2. Application without initial funding: Project implementation for 18 months or less, the final balance will be released upon completion Interim grants (not more than 50% of the total funding) may be applied for within 18-24 months after project implementation, and the balance will be released upon completion. |
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| Principles of funding | 1. Projects are counted as equals. 2. Funding of up to 50 per cent of approved expenditure. 3. Each project should last no more than 24 months. |
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Three Major Funding Areas
| Brand development | Upgrading and transformation | Marketing expansion |
| - Brand strategy enactment - Brand image design - Brand promotion - Brand registration |
- Upgrading and transformation of business model - Product innovation - Introduction to new technology - the management system improvement - Production automation |
- Marketing strategies/plans enactment -Development and establishment of sales pipeline - Promotional activities |
If you are interested in BUD Special Fund, welcome to contact us.
