- What is Innovation and Technology Fund (ITF)?
- ITF is a fund set up by the Government to support mainly applied R&D projects conducted by universities, industry support organisations, industry & trade associations or private sector companies which contribute to innovation and technology upgrading in industry in Hong Kong.
- The following are the programmes and schemes under the ITF -
- The Guangdong-Hong Kong Technology Cooperation Funding Scheme (TCFS), which operates under ITSP, invites project application once a year.
- How should I make an application?
- Can a single applicant submit more than one application to the same programme/scheme under the ITF at any one time?
- There is no restriction or quota on the number of applications submitted by any applicant at any one time.
- What is the chance of getting funding support from the ITF?
- It is difficult to provide any generalised answer as funding support will be given to any quality applications if they can fulfill the relevant funding criteria. The overall success rate in the past is about 30%.
- What are the funding criteria?
- Each funding scheme under the ITF has its specific funding criteria. For detailed vetting criteria, please follow the link to individual schemes.
- What is meant by platform research and what is the level of funding support provided by ITF?
- Under the ITF, platform research projects refer to those which aim to benefit the whole industrial sector or a large segment of that sector instead of benefiting a single company.
The applicants are R&D Centres or designated local public research institutes.
- The ITF will support up to 90% of the total project cost and the applicants are required to meet at least 10% of the costs through industry sponsorship.
- What is meant by collaborative research and what is the level of funding support provided by ITF?
- Under the ITF, collaborative research projects refer to those the ITF supports up to 50% of the total project cost, and the companies meet at least 50% of the total project cost.
Applicants are R&D Centres or designated local public research institutes with the companies being the industry co-applicants.
- Are universities or research institutes outside Hong Kong eligible to apply for the ITF?
- What are the R&D Centres and designated local public research institutes?
- Can private companies apply for Tier 3, ESS and GSP funding?
- Yes. The applicant has to be a company incorporated in Hong Kong under the Companies Ordinance and has substantial connection to Hong Kong.
- A company which has substantial connection to Hong Kong means that it must have a significant proportion of its research, design, development, production, management or general business activities located in Hong Kong.
- Is an organization registered under the Societies Ordinance (Cap 151) eligible to apply for the ITF?
- My project was turned down by another Government funding agency. Can I apply for funding under the ITF?
- The Government has set up different funding schemes with their own objectives and eligibility criteria. Projects rejected by others do not necessarily mean they would be rejected by the ITF. They will be assessed having regard to the vetting criteria of the funding schemes.
- However, applicants would be required to disclose in the application proposal whether they have attempted/are attempting to seek funding support from other funding sources.