.svg){kind=icon}
BUD Special Fund
Make good use of government funding to accelerate digital transformation.
Funding Purpose and Common Uses
The BUD (Brand Development, Upgrading, and Domestic Market Expansion Fund) supports local businesses in enhancing competitiveness by providing funding for brand development, upgrades, and mainland market expansion.
Since its inception, the fund has helped numerous businesses improve products and services. Companies can receive up to HK$1 million, with a 1:1 matching ratio for effective market growth.
As of late 2022, over 6,000 applications were approved, totaling more than HK$4 billion in funding. More than 95% of beneficiaries reported significant business benefits, including increased brand visibility and growth.
Example: A fashion brand used BUD funding to develop an e-commerce platform, expanding into the mainland market and boosting sales.
Required Documents
- Copy of Business Registration (BR) or Company Registry Annual Return
- Copy of proof of substantial operations in Hong Kong in the past three months
- Copy of the applicant's valid Hong Kong identity card or passport
- Project Proposal and Budget
- Copies of quotations from three different IT companies
- Copies of Supporting Documents for Actual Operations in the Past Three Months
BUD Funding Scope
- The BUD Fund spans various sectors, including manufacturing, retail, and services, supporting brand development, business upgrades, and expansion into mainland and overseas markets.
- Businesses can apply for funding for market research, exhibitions, brand design and promotion, and product improvement to boost competitiveness. These initiatives should meet specific needs and aid brand development.
- Additionally, costs for purchasing ready-made marketing tools or services should not exceed 50% of the total project expenses.
Here are common application items.
Mobile App Design
Website Design
E-commerce Website
E-commerce Platform
System Development
Reservation System
Queue Management System
ERP System
CRM System
POS System
Clinical Management System
Electronic Inventory Management System
Member System
Customer Service Robot
WhatsApp API
Ad Landing Page
Application Procedure
A simple and clear process to help you easily obtain government funding.
Assist businesses in submitting applications for funding.
Meet, understand, and evaluate the project plan.
Follow up on the application process to ensure smooth progress.
Prepare acceptance reports for businesses to receive the funding amount.
How We Can Help
The Hong Kong Funding Easy Team will thoroughly understand your business and development needs. We provide the most suitable advice, allowing you to make the best use of government funding to enhance your business. Companies often face difficulties with the application process and paperwork. Hong Kong Funding Easy has specialists to handle each case and track the application progress, ensuring you effortlessly obtain BUD Special funding. Contact us now!
