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ArthurMa7 4 views 5 slides Oct 08, 2024
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Government funding programs

Key information 2 EMF BUD Project focus Export marketing Branding, upgrading and restructuring operations, and promoting sales Funding cap HK$1m, max 100k each project HK$7m, up to 70 projects Max 50% reimbursement Max 50% reimbursement Target market Overseas Mainland, FTA & IPPA countries Eligibility Companies incorporated in HK Have substantive operations in HK Non-listed, nor-government or public authorities (non-listed subsidiaries of a listed company are exempted) Funding scopes Exhibition (online/physical) Business missions (online/physical) Advertisement and promotion Development/enhancement of website / app Office setup costs New staff costs Exhibition, advertising and marketing costs Development/enhancement of website / app Acquisition / lease on equipment Production of demos Application of IP / trademarks Project audit

Key information 3 EMF BUD Project duration Normally within 12 months Within 24 months Payment method Reimbursement By instalment of up to 75% upfront Processing time 30 working days 60 working days

recommendations BUD is more suitable for us given: It covers new staff cost, office setup, production and sales-related costs It offers more subsidy ceiling than E MF Applying Entity – Digital Domain Content (Hong Kong) Limited Existence of business contracts and audited reports Existence of contracted employees Demand of cost booking Major marketing and operating entity in VH 4

Major discussions UBO of major shareholders and personal guarantee Costs related to existing projects and target customers not from overseas cannot be reimbursed Carving out of duties of personnel and allocation of costs Target overseas markets and potential product offering to be confirmed 5
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