|“New Improvement Measures to the Innovation and Technology Fund Introduced”
With immediate effect, the following improvement measures to the ITF will be introduced –
- the industry sponsorship requirement for platform projects under the Innovation and Technology Support Programme initiated by Government bureaux/departments and statutory bodies will be waived. Please click here for details;
- the funding ceiling for Public Sector Trial Scheme (PSTS) projects has been raised from 30% to 50% of the actual project cost of the original R&D project. Please click here for details;
- the sponsorship requirement under the General Support Programme has been relaxed to accept contribution from the applicant itself or its related parties. Please click here for details.