Fashion Industry in Hong Kong Trade and Industry Department Funding

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Getting Support

Funding

The Government has instituted a number of funding programmes to provide financial support for the local industries, including the fashion industry. These programmes are aimed at strengthening the Government's support for design and innovation, upgrading the technology level of the industry, providing support to the development of SMEs, and increasing the competitiveness of Hong Kong's professional service sector. The following summarizes the scopes and objectives of each of these funding schemes. For further details, please click on the hyperlinks to go to the websites of the respective schemes.

Research and Development

Innovation and Technology Fund

Administered by the Innovation and Technology Commission, the Innovation and Technology Fund (ITF) aims to increase the added value, productivity and competitiveness of our economic activities. The Government hopes that, through the ITF, Hong Kong companies could be encouraged and assisted to upgrade their technological level and introduce innovative ideas to their businesses. There are different programmes under the ITF. They are:

		The Innovation and Technology Support Programme (ITSP), which supports midstream/downstream research and development (R&D) projects undertaken mainly by universities, industry support organizations, professional bodies and trade and industry associations.

		The General Support Programme (GSP), which supports those projects that contribute to fostering an innovation and technology culture in Hong Kong, and those that will be beneficial to the upgrading and future development of our industries.

		The University-Industry Collaboration Programme (UICP), aims to stimulate private sector interest in R&D through leveraging the knowledge and resources of universities. The emphasis is on close collaboration between private companies and universities in Hong Kong.

		The Small Entrepreneur Research Assistance Programme (SERAP), a matching grant supporting pre-venture capital stage of technology entrepreneurs to start-up, carry out R&D, and to conduct market validation.

Last revision date: 19 March 2010