Apply. If approved, access funds to help you grow your business. Terms Apply. Learn More. Invest in your business now and down the road with flexible access to the funds you need.
- Amex Business Blueprint™
From American Express
Tools To Help Grow Your Business
- Business Blueprint
From American Express
Flexible Funding For Growth
- Business Line Of Credit
Only Pay Loan Fees On What You Use
Access Cash When You Need It
- Amex Business Blueprint™
Search results
People also ask
What is the bud fund?
What does Bud stand for?
Does Hong Kong have a bud fund?
How much money can a company receive from the bud fund?
What is the new funding ceiling for the bud fund?
When will the bud fund be implemented?
Jan 18, 2024 · The “Dedicated Fund on Branding, Upgrading and Domestic Sales” (the BUD Fund) provides funding support to local companies who want to develop their brands, upgrade and restructure their operations and promote domestic sales to other places.
BUD 主頁為香港企業提供資助，以升級轉型和拓展營銷。
- Introduction to The Bud Fund
- Preparing For Application
- Post-Approval Process
What is the BUD Fund?
The BUD (Branding, Upgrading, and Domestic Sales) Fund scheme is to support individual Hong Kong enterprises in undertaking projects to develop brands, upgrade and restructure their business operations and promote sales in the Mainland and economies with which Hong Kong has signed Free Trade Agreements (FTAs) and Investment Promotion and Protection Agreements (IPPAs). 1. In a nutshell, the BUD Fund is suitable for an “exporting” purpose– targeting one (or many) of the jurisdictions in the sco...
Eligibility
1. Applicant: All non-listed enterprises registered in Hong Kong, those with documentary evidence proving its substantive business operations in Hong Kong at the time of application. 1. Jurisdictions in Scope: With effect from February 14, 2022, the BUD Fund “FTA and IPPA Programme” covers applications for undertaking projects to develop the markets of ASEAN (i.e. Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam), Australia, Ch...
Key Facts on the Funding Scheme
1. Funding on 50:50 matching basis (BUD Fund supports up to 50% of the budget, and no less than 50% should be contributed by the enterprise) 2. The government will provide full funding support for the audit fee of the approved project, capped at HK$10,000 per audit which will be counted towards the cumulative funding ceiling per enterprise. 3. The cumulative funding ceiling per enterprise under the Mainland and the FTA and IPPA Programmes is HK$7,000,000 (including audit fee – last updated in...
Application & Vetting Process
1. Application is open all year round, on a rolling basis. 2. Under normal circumstances, HKPC, upon consulting IDC and PMC on the assessments, will complete the processing of a valid application within 60 clear working days from the date of receipt of a complete application accompanied by all necessary documentation proof and clarifications as requested by HKPC. 2.1. However, based on experience, do note that the back and forth process with HKPC to submit the “complete application”with all t...
Tips & Best Practices
1. Thoroughly read the Guide to Application to learn the eligible expenses and non-eligible expenses. For example, there are funding constraints on some budget items as below: 1.1. Advertising costs cannot exceed 50% of the whole funding 1.2. Existing staff salary cannot be funded. We can hire new staff for the project purpose only. Direct hire salary cannot exceed 50% of the whole funding 1.3. Other caps exist on website building, mobile applications, etc. 1.4. Make sure you read the applica...
Supplementary Documents
Below are the supplementary documents we suggest you submit from Day 1 (including but not limited to the ones directly asked in the submission platform) to reduce processing time: 1. Copy of Business Registration (with the digital payment record), and the Certificate of Incorporation (make sure the business information such as name, address, etc. are consistent across the documentation.) 2. Copy of documentary proof of the shareholders on the Annual Return (NAR1) 3. Proof of substantive ongoi...
If your application is approved by the government, you will receive a Notification Letter via email. Once you receive the Letter, it takes another 4 weeks for HKPC to send you the Funding Agreementletter to finalise the process. 1. You will be assigned a Project Manager for this purpose, and you should be able to modify the project start & end date...
Jul 15, 2024 · Since 2018, the Government has injected a total of HK$6 billion into the BUD Fund, and launched rounds of enhancement measures to better support local enterprises in exploring more diversified markets and capturing the opportunities brought by the Mainland's National 14th Five-Year Plan.
Feb 11, 2022 · The Trade and Industry Department (TID) will roll out an enhancement to the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) on February 14. To further support enterprises in developing more diversified markets, effective from February 14, the geographical scope of the BUD Fund will be extended with an addition of 13 ...
Details. Eligible projects: Eligible Hong Kong enterprises can submit applications to carry out projects for branding, upgrading and/or development sales in the Mainland, FTA and/or IPPA markets. Funding ceiling per project: HK$1,000,000.
Dedicated Fund on Branding, Upgrading and Domestic Sales. To provide funding support to individual Hong Kong enterprises in undertaking projects to develop brands, upgrade and restructure their business operations and promote sales in the Mainland and economies with which Hong Kong has signed Free Trade Agreements (FTAs) and Investment ...
