Support for SMEs

To provide funding support for enterprises engaging in industries of strategic importance (i.e. life and health technology, artificial intelligence (AI) and data science, and advanced manufacturing and new energy technologies) to set up new smart production facilities in Hong Kong.

• Matching basis: Funding will be provided on a 1 (Government) : 2 (enterprise) matching basis.
• Funding principles and amount: For each project, the minimum total project cost is HKD300 million. The enterprise has to contribute no less than HKD200 million and the Government will cover a maximum of one-third of the total approved project cost or HKD200 million, whichever is lower. Each enterprise may have a maximum of two projects approved, receiving up to HKD200 million in total.
• Funding scope: Expenses directly related to the establishment of the new smart production facilities in Hong Kong, as well as specialised facilities and associated auxiliary equipment that are necessary for the operation of the smart production facilities.
• Project duration: Normally within 36 months.

Applicants must fulfil the following requirements:

• incorporated in Hong Kong under the Companies Ordinance (Cap. 622);
• not a government subvented organisation or subsidiary of subvented organisations;
• commit an investment of no less than HKD200 million of funding that is within the approved funding scope in the setting up of new smart production facilities in Hong Kong in the three designated technology areas (i.e. life and health technology, AI and data science, and advanced manufacturing and new energy technologies) (i.e. for each project, the minimum total project cost is HKD300 million and the enterprise has to contribute no less than HKD200 million); and
• the smart production facilities above shall involve high-end and advanced technology.

• New Industrialisation Acceleration Scheme is open for application all year round.
• Applications shall be submitted electronically through the Innovation and Technology Commission Funding Administrative System (ITCFAS) together with all necessary documents.