What's New

The Technology Voucher Programme (TVP), which aims to subsidise local small and medium enterprises (SMEs) in using technological services and solutions to improve productivity, or upgrade or transform their business processes, is now open for application.
The 2017 Guangdong - Hong Kong Technology Cooperation Funding Scheme (TCFS) is now open for application. The deadline of application is 9 December 2016.
The Innovation and Technology Commission Funding Administration System has been revamped. Users of Innovation and Technology Support Programme, University-Industry Collaboration Programme, Enterprise Support Programme, General Support Programme and Internship Programme should visit the new system. For users of Small Entrepreneur Research Assistance Programme (SERAP), please visit the old system.
The second round of funding applications for 2016 under Tier 2 and Tier 3 of the Innovation and Technology Support Programme (ITSP) has been closed for application after 30 September 2016.
The rebate level of the R&D Cash Rebate Scheme has been increased from 30% to 40%. The enhanced level of rebate will be applicable to applications approved on or after 24 February 2016.

The maximum monthly allowance of the Internship Programme has been increased to $14,000 for graduates with a Bachelor’s degree and $16,500 for graduates with a Master’s or higher degree.
Enterprise Support Scheme (ESS) is now open to application to replace the Small Entrepreneur Research Assistance Programme (SERAP).
New Improvement Measures to the Innovation and Technology Fund Introduced + more

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Innovation and Technology Support Programme (ITSP)

  1. relaxing the minimum number of industry sponsors for platform projects from two to one;

  2. allowing platform projects conducted by local universities to accept sponsorship from a company which is related to the university;

University-Industry Collaboration Programme (UICP)

  1. relaxing the timeframe for projects from two years to three years;

  2. allowing flexibility for the company and the university participating in a project to negotiate and mutually agree on the IP arrangements;

  3. adopting the assessment framework of the ITSP for UICP projects; and

Public Sector Trial Scheme (PSTS)

  1. raising the funding ceiling of PSTS projects undertaken by R&D Centres from 50% to 100% of the original project cost.

For details, please refer to the paper endorsed by the Commerce and Industry Panel of the Legislative Council on 18 November 2014 – http://www.legco.gov.hk/yr14-15/english/panels/ci/papers/ci20141118cb1-211-3-e.pdf


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