Application Tips

-Each BUD Fund application can only apply for one target market (Mainland/FTA Programme)

-Project can commence as soon as the day after the application submission date; In case of rejected application, applicant has to bear all costs of the commenced project

-Applicants may opt to receive “initial payment”

*Initial payment: 75% of total approved funding

*Mid-term payment: ≤50% of total approved funding (if applications opting not to receive initial payment but project duration exceeds 18 months)

-Final payment will only be made after the final report and audited accounts are accepted by the Government

-In case of insufficient information, the application would be considered withdraw if the requested documentary is not provided within 14 days; The applicant however may submit a new application once all the necessary documents and/or requested information are available

-Generally, overseas advertisement (i.e. attend the trade fair) or patent registration will not be funded unless the enterprises could proof the importance and necessary of these program and business development

-If the mainland or FTA economic unit is a joint venture with another company, the applicant company/major shareholders must account for >50% of the total equities