Enhanced SERAP effective from 1 April 2012
The enhancements to the Small Entrepreneur Research Assistance Programme (SERAP) under the Innovation and Technology Fund (ITF) as announced in the 2012-13 Budget has come into effect from 1 April 2012. In gist, the following enhancements are implemented -
- funding ceiling for each project increases from HK$4 million to HK$6 million;
- the programme extends to cover enterprises with venture capital investment; and
- the funding scope expands to facilitate commercialisation, including industrial design, testing and certification of prototype and clinical trial, etc.
For detailed information on the enhanced SERAP, please read the Guide to the SERAP on ITF website.