How It Works
Do you want to get government funding for startups? Or need a private investor for business funding? We’ll help you get the money you need to scale your business.
Partial Funding Options
Dedicated Fund on Branding, Upgrading and Domestic Sales is also known as the BUD Fund or Bud government funding.
As its name suggests, the BUD fund covers three main areas: branding, upgrading and promoting sales.
It supports Hong Kong enterprises in exploring and developing markets in the Mainland, FTA and IPPA economies.
Get Funded Today!
Let’s help you get funds allocated for your next project. Actualising your dream is just a chat away.
Frequently Asked Questions
How do I get funding for my startup in Hong kong?
There are several options for getting funding for a startup in Hong Kong. It is a good idea to explore a variety of options to find the best fit for your business.
Following are some good options to consider:
- Angel investors: Individuals who provide capital in exchange for ownership equity in a company. You can find angel investors through networks, events, and online platforms like Angel Investment Network and Angel Capital Association.
- Venture capital firms: Venture capital firms invest in early-stage companies in exchange for ownership equity. You can find venture capital firms in Hong Kong through Hong Kong Venture Capital and Private Equity Association (HKVCA) and Angel Investment Network.
- Crowdfunding: Crowdfunding allows companies to raise funds from a large number of people, typically through online platforms. There are several crowdfunding platforms available in Hong Kong, such as Kickstarter and IndieGoGo.
- Government Grants and incubator programs: There are several government grants and incubator programs in Hong Kong that provide funding to startups. These include Technology Start-up Support Scheme for Universities, Technology Voucher Programme, Bud Fund and SME Export Marketing Fund.
Contact us if you’re interested in a government grants programme. We’ll help you with the whole application process so you can just sit back and relax.
How do I know which business funding is best for startups in HK?
The best business funding option for startups will depend on the specific needs and circumstances of the business.
Consider these factors when deciding which funding option is best for your startup:
- Stage of your business: Angel investors and venture capital firms are typically more interested in investing in companies that have a proven track record, while grants and incubator programs may be more appropriate for early-stage startups.
- Amount of funding needed: Some funding options, such as bank loans, may have limits on the amount of funding they can provide, while others, such as venture capital firms, may be able to provide larger amounts of funding.
- Type of equity offered: Angel investors and venture capital firms will typically take ownership equity in exchange for their investment, while grants and incubator programs may not require equity in return.
- Time frame for repayment: Bank loans have a fixed time frame for repayment and equity investments may not have a set repayment schedule.
- Impact on control and ownership: Equity investments may involve giving up a larger percentage of ownership compared to a bank loan.
Which companies are eligible to apply for TVP in HK?
To apply for the Technology Voucher, a business/institution must meet the following qualifications:
- Registered companies in Hong Kong under the Business Registration Ordinance(Cap. 310) (“BRO”).
- Entities incorporated and registered in Hong Kong under the Companies Ordinance (Cap. 622) / Statutory body established in Hong Kong.
- Not a listed company in Hong Kong and not a government subvented organisation or subsidiary of it.
- An entity holding a “shell” business registration will not be regarded as having a substantive business operation in Hong Kong.
What is the SME Export Marketing Fund?
This is a governmental scheme under the Trade and Industry Department (TID) that provides financial assistance to SMEs to expand their markets outside Hong Kong and increase their competitiveness in the global market. The EMF provides financial assistance to SMEs to cover part of the costs of participating in overseas trade fairs, organising overseas sales missions, and developing overseas market promotion activities.
Who is eligible to apply for the SME Export Marketing Fund?
To be eligible for the SME Export Marketing Fund (EMF), an applicant must be a small or medium-sized enterprise (SME) based in Hong Kong and must meet the following criteria:
- It must be a legal entity registered under the Business Registration Ordinance of Hong Kong, with a valid business registration certificate.
- It must have a good track record of business operation, with a stable financial position and satisfactory credit standing.
- It must have a good export performance, with a demonstrated ability to generate export sales.
- It must be engaged in the production, processing, or marketing of goods or services that are eligible for the EMF.
- It must not have received any other government grant or subsidy for the same project for which it is seeking EMF assistance.
What is a Bud Fund Program and what assistance does it provide?
The Bud Fund Programs are a series of financial assistance schemes administered by the Hong Kong Trade Development Council (HKTDC) and are open to eligible SMEs based in Hong Kong to support their growth.
The financial assistance include: grants, loans, and equity investments. This financial aid is provided under different Bud Fund Schemes such as:
- The Startup Smart Program
- The Innovation and Technology Fund
- The Small Entrepreneur Research Assistance Program
- The Seed Fund
- The Technology Start-up Support Scheme for Universities
These are just a few examples of the Bud Fund Programs available in Hong Kong. Interested SMEs can contact us directly for more information and how to apply.