Hong Kong offers various grants and funding programs to support startup businesses and entrepreneurs. These grants and programs are administered by different government agencies and organizations. Here are some of the key grants available for startup businesses in Hong Kong:
- Innovation and Technology Fund (ITF): ITF provides funding to support projects that promote innovation and technology development. Startups in the technology sector can apply for ITF funding to support their research and development activities.
- Technology Start-up Support Scheme for Universities (TSSSU): This scheme encourages collaboration between universities and startups. It provides funding to university researchers who wish to commercialize their technology or start a business based on their research.
- StartmeupHK Venture Programme: Organized by Invest Hong Kong, this program offers funding and support to innovative startups looking to establish or expand their businesses in Hong Kong. It includes a competition that awards cash prizes and other incentives.
- Cyberport Incubation Programme: Cyberport, a digital tech hub in Hong Kong, offers an incubation program for digital tech startups. It provides funding, mentorship, and office space to selected startups in the program.
- Hong Kong Science and Technology Parks Corporation (HKSTP) Programs: HKSTP offers various programs and initiatives to support technology startups, including incubation programs, seed funding, and access to state-of-the-art research facilities.
- SME Financing Guarantee Scheme: While not a grant, this scheme helps startups and small and medium-sized enterprises (SMEs) secure loans more easily by providing loan guarantees.
- Export Marketing Fund (EMF): EMF offers financial support to Hong Kong companies, including startups, to assist them in promoting their products and services in overseas markets.
- Dedicated Funds for Various Sectors: Depending on your industry and sector, there may be dedicated funds and grants available. For example, there are grants for the creative industry, film production, and more.
- Hong Kong Productivity Council (HKPC) Programs: HKPC provides various programs and services to help startups enhance productivity, technology adoption, and competitiveness.
- Trade and Industry Department (TID) Programs: TID offers support and funding for projects that promote the development of industries in Hong Kong.
- Angel Investors and Venture Capital: While not government grants, startups can also seek investment from angel investors and venture capital firms operating in Hong Kong.