BUD Application Advisory Service
To encourage Hong Kong enterprises to capture the opportunities arising from the national 12th Five-Year Plan for business breakthroughs, the Hong Kong SAR Government set up a Dedicated Fund on Branding, Upgrading and Domestics Sales (the BUD Fund) of $1 billion in June 2012. This fund provides support to local enterprises in undertaking projects to develop brands, upgrade and restructure their business operations, and promote sales in the Mainland market, so as to enhance their competitiveness and facilitate their business development in the Mainland market.
Funding is provided on a matching basis, i.e. the Government covers a maximum of 50% of the total approved project cost and the enterprise has to contribute no less than 50% of the total project cost in cash. The cumulative funding ceiling per enterprise under the BUD Fund is $500,000. Any projects that assist individual Hong Kong enterprises in exploring and developing the Mainland market through developing brands, upgrading and restructuring operations, and promoting domestic sales in the Mainland are eligible.
In virtue of our understanding of and application experience in the BUD Fund, we provide application advisory service to assist applicant companies in shortening their application time and increasing their chance of approval. With extensive experience and expertise, we also support enterprises in implementing business upgrade and transformation solutions.