About the Innovation and Technology Fund

The Innovation and Technology Fund (ITF), administered by the Innovation and Technology Commission, aims to increase the added value, productivity and competitiveness of our economic activities. The Government hopes that, through the ITF, Hong Kong companies could be encouraged and assisted to upgrade their technological level and introduce innovative ideas to their businesses.

There are different programmes under the ITF, providing funding support aiming at:

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Innovation and Technology Support Programme (ITSP) Innovation and Technology Support Programme (ITSP) Innovation and Technology Support Programme (ITSP)
  • Supports applied R&D projects conducted by R&D Centres, universities or other designated local public research institutes
  • Platform projects: industry-oriented and have potential for commercialisation; industry sponsorship of at least 10% of project cost
  • Seed projects: exploratory and forward-looking in nature
Details
Mainland-Hong Kong Joint Funding Scheme (MHKJFS) Mainland-Hong Kong Joint Funding Scheme (MHKJFS) Mainland-Hong Kong Joint Funding Scheme (MHKJFS)
  • Encourages R&D collaboration between Hong Kong and the Mainland
  • R&D work must be conducted in both places
  • Platform projects: industry sponsorship of at least 10% of project cost; Collaborative projects: industry co-applicant sponsors at least 50% of project cost and owns project IP
Details
Guangdong - Hong Kong Technology Cooperation Funding Scheme (TCFS) Guangdong - Hong Kong Technology Cooperation Funding Scheme (TCFS) Guangdong - Hong Kong Technology Cooperation Funding Scheme (TCFS)
  • Encourages R&D collaboration between Hong Kong and Guangdong/Shenzhen
  • Category A: projects funded solely by Hong Kong; Category C: projects funded jointly by Hong Kong and Guangdong/Shenzhen
  • Platform projects: industry sponsorship of at least 10% of project cost; Collaborative projects: industry co-applicant sponsors at least 50% of project cost and owns project IP
Details
Partnership Research Programme (PRP) Partnership Research Programme (PRP) Partnership Research Programme (PRP)
  • Supports applied R&D projects undertaken by R&D Centres, universities or other designated local public research institutes in collaboration with a private company
  • Industry co-applicant sponsors at least 50% of project cost and owns project IP
Details
Enterprise Support Scheme (ESS) Enterprise Support Scheme (ESS) Enterprise Support Scheme (ESS)
  • For enterprises that are incorporated in Hong Kong and have a current business registration certificate
  • Funds provided on a dollar-for-dollar matching basis
  • Applicant owns project IP rights
Details
R&D Cash Rebate Scheme (CRS) R&D Cash Rebate Scheme (CRS) R&D Cash Rebate Scheme (CRS)
  • Provides a cash rebate equivalent to 40% of a company"s contribution to applied R&D projects funded by the ITF and R&D projects funded entirely by the company and undertaken by designated local public research institute
Details
Midstream Research Programme for Universities (MRP) Midstream Research Programme for Universities (MRP) Midstream Research Programme for Universities (MRP)
  • Supports theme-based midstream researches by University Grants Committee-funded universities
  • Encourages collaboration with leading research institutes local and worldwide
Details
Public Sector Trial Scheme (PSTS) Public Sector Trial Scheme (PSTS) Public Sector Trial Scheme (PSTS)
  • Funds production of prototypes/samples and conducting of trials in the public sector
Details
Technology Voucher Programme (TVP) Technology Voucher Programme (TVP) Technology Voucher Programme (TVP)
  • Supports the use of technological services and solutions by enterprises and statutory bodies to improve productivity, or upgrade or transform business processes
Details
Research Talent Hub (RTH) Research Talent Hub (RTH) Research Talent Hub (RTH)
  • Funds engagement of I&T talent to conduct R&D work
Details
Reindustrialisation and Technology Training Programme (RTTP) Reindustrialisation and Technology Training Programme (RTTP) Reindustrialisation and Technology Training Programme (RTTP)
  • Funds staff of local enterprises to receive training in advanced technologies, especially those related to "Industry 4.0"
Details
STEM Internship Scheme STEM Internship Scheme STEM Internship Scheme
  • Subsidises undergraduates and postgraduates taking STEM (Science, Technology, Engineering and Mathematics) programmes in local universities to enrol in short-term innovation and technology related internships
Details
Technology Start-up Support Scheme for Universities (TSSSU) Supporting Technology Start-ups Technology Start-up Support Scheme for Universities (TSSSU)
  • Supports teams of local universities to start technology businesses and commercialise their R&D results
Details
Innovation and Technology Venture Fund (ITVF) Innovation and Technology Venture Fund (ITVF) Innovation and Technology Venture Fund (ITVF)
  • Encourages private investment in eligible local I&T start-ups
  • Co-investment scheme with venture capital funds selected as Co-investment Partners (CPs)
  • Matching investment ratio between ITVF and CP of approximately 1:2
Details
General Support Programme (GSP) General Support Programme (GSP) General Support Programme (GSP)
  • Supports non-R&D projects that help upgrade local industries and promote an I&T culture in Hong Kong, including conferences, exhibitions, seminars, workshops, youth activities, etc.
Details
Patent Application Grant (PAG) Patent Application Grant (PAG) Patent Application Grant (PAG)
  • Encourages capitalisation of intellectual work through patent registration
  • For locally incorporated companies or Hong Kong permanent residents who are first time patent seekers
  • For inventions with technology elements and potential for industrial application
Details