What are the vetting criteria of the Mainland-Hong Kong Joint Funding Scheme (MHKJFS)?
In considering a proposal, due consideration will be given to, inter alia, the following wherever applicable:
- whether the project would facilitate general upgrading and future development of the relevant industries in the Mainland and Hong Kong, contribute to innovation ideas and technology upgrading as well as broaden the scientific and technical knowledge base in both places;
- whether the project would involve collaboration with organizations in the Mainland;
- whether there is substantial contribution from the relevant industries, particularly in the form of cash sponsorship;
- whether there is a demonstrated need for the proposed project;
- whether similar products, technologies or services are already available in the market, and whether the project is duplicating or likely to duplicate the work carried out by other institutions;
- whether the overall planning and organizational structure of the project is appropriate and whether the project team has the relevant technical and project management capability (including their experience, qualifications, track record);
- whether the proposed budget is reasonable and realistic and whether the project should be funded by other sources, such as the Research Grants Council, Environment and Conservation Fund, etc.; and
- for proposal involving the collaboration between a private company and a local research institute, whether the R&D content merits the participation of the local research institute, whether there is an appropriate level of commitment from the company and the research institute to the project in terms of financial contribution and manpower involvement; and whether the project should be delivered by the company as part of its normal business activities and development or service engagement.