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Since 2020, we have helped over 20 clients obtain subsidies from various Government funding schemes. We have dedicated project consultants providing one-stop professional consulting services for government funding applications, to grow their business at up to 50% savings and total HK$7,000,000 per enterprise.
Each enterprise could obtain HKD 600,000 subsidy for IT projects. However, the TVP cease accepting applications after December 31, 2024. We are wishing a new and revised TVP coming very soon!
Each enterprise could obtain
HKD 7 Millions subsidy subsidy on Branding,
Upgrading and Domestic Sales projects
Each enterprise could obtain HKD 1,000,000 for marketing expenses
Please reach us at sales@kingdom-hk.com if you cannot find an answer to your question.
In short: BUD Fund is a dedicated government fund to help HK enterprises with business Branding, Upgrading and Domestic Sales.
Who should apply BUD: all non-listed Hong Kong enterprises may apply for funding for undertaking projects of branding, upgrading and restructuring or promoting sales in the Mainland or other economies with which Hong Kong has signed Free Trade Agreements (FTAs) and/or Investment Promotion and Protection Agreements (IPPAs)* Funding is provided up to 50% of costs for all BUD Fund applications, capped at HK$100,000 for each “Easy BUD” application, and HK$1 million for each general application and each “E-commerce Easy” application#. The cumulative funding ceiling per enterprise under the BUD Fund (including “Easy BUD”, “E-commerce Easy” and general applications) is HK$7 million.
Summary:
About us Government funding application Contact us
Open today | 09:00 am – 05:00 pm |
Please reach us at sales@kingdom-hk.com if you cannot find an answer to your question.
Administrating Government Department: Innovation and Technology Commission
Objective: Launched in November 2016, TVP aims to support local enterprises/organizations in using technological services and solutions to improve productivity, or upgrade or transform their business processes.
Funding Cap by Each Application: Maximum funding amount is 75% of the total approved project cost (cumulative ceiling per enterprise / organization at HK$600,000)
Beneficiaries: All non-listed companies / organizations / statutory bodies registered in Hong Kong with substantive business operation in Hong Kong and not a government subvented organization.
Availability: TVP welcomes applications for funding all year round.
Key Features:
Local entities fulfilling the following requirements are eligible to apply for funding under the TVP:
(*Government subvented organization: means an organisation that receives subvention from the Government on a recurrent basis. The subvention contributes towards the organization's operational expenses, in exchange for its service to the public. The recurrent subvention may account for the bulk of the organization's income or may just be a token contribution or sponsorship forming a small percentage of the organization's total income.)
By our experience, TVP application now takes approx. 12 months to complete:
If your HRMS project is urgent,
If your HRMS project is not urgent,
Any business or org. could register as a user and submit its application through the online TVP portal, but by our experience, approx. 90% applications will be failed, due to:
So that's why we are here to help a successful TVP application, our project consultant will be dedicated to help you out on those time-consuming and difficult emails, tasks and nuisance...
Cumulative funding ceiling per enterprise/organization is HK$600,000, nothing less. However, you might not obtain your expected amount per project, probably due to:
The approval amount of TVP application is at the entire discretion of TVP Secretariat, the above possible factors are just derived by our experience and knowledge, absolutely there still exists some factors which are out of our sights. Remember that TVP is gift which you should take ASAP because:
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