Can a startup get government funding in Hong Kong

Can a Startup Get Government Funding in Hong Kong

Yes. The Hong Kong government offers several schemes to support early-stage companies, particularly in technology and innovation. To be eligible, a startup must have a registered business in Hong Kong and meet the specific criteria of each programme.

Startup Funding Hong Kong Government

Funding comes from multiple departments and agencies. The Trade and Industry Department administers the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) and the SME Export Marketing Fund, both open to eligible startups. The Innovation and Technology Commission oversees the Technology Voucher Programme. These schemes are not for established companies only. A newly established business with a valid Business Registration Certificate can apply.

Cyberport Startup Funding

Cyberport is a digital technology hub running incubation and accelerator programmes. Its programmes target digital businesses, including fintech, smart living, and cybersecurity. Participants receive funding, mentorship, and network access. The incubation programme is for early-stage companies. The accelerator suits those ready to scale. Cyberport also provides co-working space and technical support.

HKSTP Incubation Funding

The Hong Kong Science and Technology Parks Corporation (HKSTP) operates incubation programmes for technology companies. HKSTP's incubation funding supports startups in biotech, electronics, and green technology. Participants gain access to laboratory facilities, research support, and business development resources. The programme helps startups move from concept to commercialisation. Like Cyberport, HKSTP requires applicants to have a registered business in Hong Kong.

Technology Voucher Programme for Startups

The Technology Voucher Programme (TVP) funds technology adoption to improve productivity or upgrade business processes. Startups can use the TVP for software implementation, equipment purchases, or technology consultants. The programme operates on a matching basis, reimbursing a portion of eligible costs. An eligible enterprise must have a valid Business Registration Certificate and be registered in Hong Kong. The Innovation and Technology Commission administers the TVP.

InvestHK Support for Startups

InvestHK attracts and supports foreign direct investment. It provides free advisory services to overseas and mainland companies setting up in Hong Kong, including startups. InvestHK assists with company incorporation, market entry strategy, and introductions to funding sources. A dedicated startup team organises events and networking opportunities. InvestHK does not provide direct funding but guides startups to the appropriate government schemes.

General Eligibility and Application

Most schemes require the applicant to be an eligible enterprise with a valid Business Registration Certificate. The company must be registered under the Companies Ordinance (Cap. 622) or the Business Registration Ordinance (Cap. 310). Cyberport and HKSTP programmes have additional criteria related to business nature and development stage. Check the specific eligibility requirements for each scheme before applying. Application windows and funding ceilings vary and are published on the respective scheme websites.