7/F, Building 19W, No. 19 Science Park West Avenue, Hong Kong Science Park, Pak Shek Kok, N.T.
BUD Fund
INTRODUCTION TO BUD
In order to help Hong Kong companies seize the opportunities of the national "Twelfth Five-Year Plan", the Hong Kong Special Administrative Region government formally established the "BUD Fund" in June 2012 to assist Hong Kong companies in developing brands, upgrading and transforming, and expanding domestic sales. Market to explore and develop local business. The BUD special fund is mainly divided into "Mainland Program" and "Free Trade Agreement Program". Companies can individually or simultaneously apply for BUD funding under the "Mainland Program" and the "Free Trade Agreement Program".
- Brand development-brand development strategy and plan formulation, brand positioning and image design, market research, brand promotion
- Upgrade and transformation-new product design, new technology introduction, management system improvement, production automation, etc.
- Marketing development-sales market research, domestic sales strategy and plan formulation, domestic sales channel establishment, product/service promotion, etc.
The Plan Covers:
China
Brunei
Cambodia
Indonesia
Laos
Malaysia
Myanmar
Philippines
Singapore
Thailand
Vietnam
Australia
Chile
European Union
Georgia
Macao
New Zealand
Japan
South Korea
Area to Join the Program
The first quarter of 2022
Austria, Belgium-Luxembourg Economic Union, Canada, Denmark, Finland, France, Germany, Italy, Mexico, Netherlands, Sweden and the United Kingdom
The second quarter of 2022
Kuwait and the United Arab Emirates
BUD APPLICATION
Unlisted companies registered or incorporated in Hong Kong [holding BR, NAR1, Form1(a) /Form (c)]
Non-government funding agencies or affiliates of any government funding agencies
Have substantive business operations in Hong Kong at the time of application submission
Applicant companies with similar business registration information (such as business nature, address, contact number, shareholders/directors) will be regarded as connected companies. A related company will be treated as a single company, that is, the cumulative funding amount received will be combined and cannot exceed the cumulative funding ceiling.
BUD Funding Scheme
PROPOSAL FOR
BUD APPLICATION
The purpose of applying for funding
The financial budget and expected results of the project applied for funding
Implementation methods and timetables of applying for funding projects
The expected benefits of the application for funding projects to the enterprise and to the Hong Kong economy
DOCUMENTS REQUIRED FOR BUD APPLICATION
Business Registration Certificate
Companies Registry Annual Return (NAR1) or Business Registration Office Form 1(a)/1(c)
Proof of business operation within 3 months when submitting the application (invoice, receipt, contract, utility bill, etc.)
A copy of the Hong Kong ID card or passport of the person signing the application form
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