Research and Development Cash Rebate Scheme
The Research and Development Cash Rebate Scheme (the Scheme) aims to encourage more research and development (R&D) investment in the private sector and encourage companies to establish stronger partnership with local public research institutions. Under the Scheme, a company will receive a cash rebate equivalent to 40% of its expenditure in two types of applied R&D projects -
- projects under the Innovation and Technology Fund (ITF) (ITF projects); and
- projects funded entirely by the companies and conducted by the designated local public research institutions (“Partnership projects”).
Improvement measures with effect from 1 April 2013
The R&D Cash Rebate Scheme has introduced the following improvement measures with effect from 1 April 2013:
Please see the updated application guide, application forms and details at the Scheme website.
Submission of Application
Applications should be submitted to the R&D Cash Rebate Scheme Section of ITC in the form of hard copy in person or by post. For application details, please refer to the Application Guide.