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Small Entrepreneur Research Assistance Programme (SERAP)
(For details, please refer to the Leaflet of Small Entrepreneur Research Assistance Programme (PDF Format) and Guide to the Innovation and Technology Fund Volume IV - Small Entrepreneur Research Assistance Programme (April 2008) (PDF Format).)


What is SERAP?

  • SERAP is a technology entrepreneurship programme which provides pre-venture capital stage financing to support technology entrepreneurs and small enterprises to carry out research and development work for starting new businesses and conducting market validation.
  • For projects approved for funding, a grant of up to HK$2 million will be provided on a dollar-for-dollar matching basis. The grant will be recouped if the project is able to attract follow-on investment or generate revenue.
  • Projects under SERAP should be completed within 2 years.
  • The applicant company will hold all intellectual property rights arising from the project.
  • The programme is open for applications all the year round. The result is normally available within two months after receipt of full information relating to an application.


    • Who are eligible to apply?

    In general, locally incorporated companies with less than 100 employees are eligible to apply.


    What are the vetting criteria?

    Project applications will be considered by a project assessment panel comprising experts in the relevant fields. Generally speaking, the panel will consider the following factors -

  • the innovative and technological contents of the project;
  • the business viability of the project; and
  • the commitment and capability of the team.


    • How to apply for funding?

    Application form is available at the webpage on application forms. At this webpage, you will be required to register your organization and then its relevant personnel with the Innovation and Technology Commission Funding Administrative System. The registered personnel will be responsible for submitting the project application through this system.

     
    Is there any application deadline?
    Applications can be submitted throughout the year.

     

    The guides are in Portable Document Format (PDF). You need to install the free Adobe Acrobat Reader 5.0 or above to read it.


    2002 Important Notices Last revision date: 1 April 2008