Innovation and Technology Fund for Better Living (FBL)


Re-industrialisation Funding Scheme

Objective

Launched in May 2017, FBL aims to fund innovation and technology ("I&T") projects which will make people's daily living more convenient, comfortable and safer, or address the needs of specific community groups.

Eligibility

The lead applicant must be:

The above organisations should either be registered under the Companies Ordinance (Cap. 622) or the former Companies Ordinance (Cap. 32); or statutory corporations established under any Ordinances in Hong Kong. Other organisations may also be considered under exceptional circumstances.

Key Features

Application

FBL invites applications for funding all year round. Applications should be submitted either through the Administrative System of the Innovation and Technology Bureau – Fund for Better Living ("ASITB – FBL") or by post / in person. Applicants are encouraged to submit applications through the ASITB – FBL. Please read the following documents before submitting an application:

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Assessment

Applications will be considered by the FBL Assessment Panel. The terms of reference and membership of the Assessment Panel are at here.

The Assessment Panel will assess each eligible application based on the assessment framework.

Frequently Asked Questions

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In addition to key features mentioned above, projects funded by FBL should also have the following elements:

  • Project should benefit the community.
  • Project deliverable can be in the form of mobile app, product, device, equipment, tool, service, software, or any other form with valid justifications.
  • Projects should primarily be developed within Hong Kong.

The applications and relevant supporting documents should be submitted with (i) a duly completed Application Form together with all the required documents; and (ii) a soft copy of the application (preferably in MS Word format and sent by email to fbl@itc.gov.hk.) The application should be addressed or brought to the FBL Secretariat on 10/F, Rykadan Capital Tower, 135 Hoi Bun Road, Kwun Tong, Kowloon.

Any intellectual property rights created in or via the projects will be vested with the successful Applicant. Successful Applicant is encouraged to make available all the intellectual property rights created in or via the Projects in the public domain and allow the public to use for free.

Any income generated from the intellectual property rights created in or via the project during the funding period should be ploughed back into the project accounts.

Others

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