AGM Technology
Innovation & Technology
Special fund for brand development, upgrading and transformation, and domestic market expansion (BUD)
Improve your competitiveness in the global market
What are BUDs? Why is it needed?
In order to encourage Hong Kong enterprises to expand their business in the Mainland and overseas and enhance their international competitiveness, the Hong Kong Productivity Council has launched BUD to support enterprises in areas such as publicity, design and human resources.
The latest optimization measures have raised the cumulative subsidy ceiling for each enterprise to 6 million yuan, and the scope of subsidy has been extended to all economies that have signed free trade agreements with Hong Kong, so that more enterprises can benefit.
Eligibility & Application
Eligibility
All non-listed companies registered in Hong Kong under the Business Registration Ordinance (Chapter 310) and having substantive business operations in Hong Kong.
Application documents
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Application form
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A copy of the business registration certificate of the applicant company
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Copies of supporting documents for the major shareholders of the applying company
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Copies of documents proving that the applicant company has substantive business operations in Hong Kong
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Copies of documents proving that the applicant company has a direct investment relationship with a business unit in the Mainland
Funding Ceiling
The maximum funding amount for each application is HKD$1 million, and each enterprise can receive funding for a total of 60 projects, with a maximum cumulative funding of HKD$6 million.
The applicant enterprise can choose to submit the project application by applying for the initial grant or not. The project implementation time is up to 24 months.
Funding Scope
B: Branding
• Brand Strategy
• Brand Building
• Brand Promotion
• Trademark Registration
U: Upgrading
• Business Model Upgrading & Restructuring
• New Product Design
• Adoption of Advanced Technology
• Management System Upgrading
• Manufacturing Automation
D: Domestic Sales
• Marketing Strategy and Research
• Sales Channel Establishment and Management
• Promotion
Geographical Scope
ASEAN
Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam
Other Asian Economies:
Japan,
Korea,
Kuwait,
Macao,
the United Arab Emirates