Three years ago the Hong Kong Innovation and technology commission had introduced a fund that would help SMEs.
Who are eligible to apply?
A company will be eligible to apply if it is:
- incorporated in Hong Kong under the Companies Ordinance;
- registered in Hong Kong under the Business Registration Ordinance;
- not a government subvented organization*; and
- not a subsidiary of any government subvented organization*.
*A government subvented organization means an organization that receives a grant from the government on a recurrent basis. The grant contributes towards the organization’s operational expenses, in exchange for its service to the public. The recurrent grant may account for the bulk of the organization’s income or may just be a token contribution/sponsorship forming a small percentage of the organization’s total income.
What are the vetting criteria?
Project applications will be considered by an assessment panel comprising independent experts in the innovation and technology sector. Funding has to be justified on the following components:
- Innovation and Technology Component;
- Technical and Management Capability;
- Financial Considerations;
- Commercial Viability of Project Deliverables; and
- Relevance with Government Policies or in Overall Interest of the Community.
Want to learn more about Enterprise Support Scheme (ESS)
