Continuing with the pervious blog, the Hong Kong SAR Government offers various fund schemes to local SMEs. It supports their growth, development and expansion of each business. Besides the funds on pervious blog, below are the 6 schemes that we will highlight the speciality of each of them.
SME Export Marketing Fund (EMF)
EMF aims to encourage SMEs to expand their markets outside Hong Kong. It provides financial assistance to SMEs for participation in export promotion activities. It is eligible for all SMEs
Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund)
BUD Fund supports local enterprises in exploring and developing the news markets. The enterprises can upgrade and restructure the internal operations. Then the enterprises can develop in branding. As a result, it can gain reputation and to promote sales in all economies with Free Trade Agreements. It is eligible for all non-listed Hong Kong enterprises.
Technology Voucher Programme (TVP)
The mission of TVP is to support SMEs in Hong Kong to improve productivity or upgrade or transform traditional and pens and paper operating business processes with the use of technology. The programme is eligible for local SMEs.
Retail Technology Adoption Assistance Scheme (ReTAAS)
The scheme focuses on provide funding support for retail enterprises. It assists to adopt technologies for manpower demand and management procedure. As a result, it helps to enhance productivity. It is eligible for all non-listed enterprises registered in Hong Kong with substantive retail business operations in Hong Kong.
Innovation and Technology Fund – General Support Programme (GSP)
GSP is catering for non-R&D projects that contribute to the industries. Indeed, upgrading and further developing with its internal system. It aims to foster an innovation and technology culture in Hong Kong. It is eligible for all organisation registered in Hong Kong.
Construction Innovation and Technology Fund (CITF)
The CITF is established to encourage wider adoption of innovative constructive methods and new technologies in the construction industry. It the view of promoting productivity, uplifting built quality, improving site safety and enhancing environmental performance. It is eligible for all member in the industry.
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