{"id":89510,"date":"2024-04-19T16:07:20","date_gmt":"2024-04-19T08:07:20","guid":{"rendered":"https:\/\/rovertech.com.hk\/?p=89510"},"modified":"2024-11-06T13:06:08","modified_gmt":"2024-11-06T05:06:08","slug":"tvp-vs-emf-vs-bud","status":"publish","type":"post","link":"https:\/\/rovertech.com.hk\/en\/tvp-vs-emf-vs-bud\/","title":{"rendered":"\u30103 Gov Funding SMEs Must Know\u3011TVP vs EMF vs BUD"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"89510\" class=\"elementor elementor-89510 elementor-89327\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4416bfa0 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"4416bfa0\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4671bd54\" data-id=\"4671bd54\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-58cc1a40 elementor-widget__width-inherit elementor-widget elementor-widget-breadcrumbs\" data-id=\"58cc1a40\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p><span class=\"last\">Home<\/span><\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4414a875 elementor-section-height-min-height elementor-section-full_width elementor-section-height-default elementor-section-items-middle\" data-id=\"4414a875\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-59427116\" data-id=\"59427116\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-158bd1f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"158bd1f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-30ab0050\" data-id=\"30ab0050\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1031a24f elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"1031a24f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d89b696 elementor-widget elementor-widget-text-editor\" data-id=\"5d89b696\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In today\u2019s e-commerce era, businesses continuously seek strategies to enhance competitiveness, expand operations, and increase revenue. However, funding often becomes a bottleneck on the path to growth.\u00a0<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">The good news is that the government offers several subsidy programs like TVP, EMF, and BUD funds to help SMEs accelerate digital transformation and expand into Mainland China and international markets.\u00a0<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">This article provides a concise overview of these 3 popular government funding, highlighting their benefits and differences, so you can easily access the necessary resources and achieve remarkable business growth.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e5cb85 elementor-widget elementor-widget-text-editor\" data-id=\"4e5cb85\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><b>Gov Fund for SEMs<\/b><\/p><\/td><td><p><b>Funding Ratio<\/b><\/p><\/td><td><p><b>Funding Amount<\/b><b><br \/><\/b><b>\uff08Each Application Project\uff09<\/b><\/p><\/td><td><p><b>Project Period<\/b><\/p><\/td><td><p><b>Suitable Industries<\/b><\/p><\/td><\/tr><tr><td><p><b>TVP Fund<\/b><\/p><\/td><td><h2><b>75%<\/b><\/h2><\/td><td><p><b>Get up to HK$600K<\/b><\/p><\/td><td><p><b>Within 1 Year<\/b><\/p><\/td><td><p><b>All Industries<\/b><\/p><\/td><\/tr><tr><td><p><b>EMF Fund<\/b><\/p><\/td><td><p><b>50%<\/b><\/p><\/td><td><p><b>Get up to HK$1 Million<\/b><\/p><\/td><td><p><b>&#8211;<\/b><\/p><\/td><td><p><b>Export to Overseas<\/b><\/p><\/td><\/tr><tr><td><p><b>BUD Fund<\/b><\/p><\/td><td><p><b>50%<\/b><\/p><\/td><td><p><b>Get up to HK$7 Million<\/b><\/p><\/td><td><p><b>Within 2 Year<\/b><\/p><\/td><td><p><b>Export to China\/ Overseas<\/b><\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-d62dae3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d62dae3\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-3e96f4a4\" data-id=\"3e96f4a4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-379559ec elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"379559ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"768\" src=\"https:\/\/rovertech.com.hk\/wp-content\/uploads\/2024\/04\/TVP-EMF-BUD-Rovertech-768x768.png\" class=\"attachment-medium_large size-medium_large wp-image-89508\" alt=\"\u30103 Gov Funding SMEs Must Know\u3011TVP vs EMF vs BUD\" srcset=\"https:\/\/rovertech.com.hk\/wp-content\/uploads\/2024\/04\/TVP-EMF-BUD-Rovertech-768x768.png 768w, https:\/\/rovertech.com.hk\/wp-content\/uploads\/2024\/04\/TVP-EMF-BUD-Rovertech-300x300.png 300w, https:\/\/rovertech.com.hk\/wp-content\/uploads\/2024\/04\/TVP-EMF-BUD-Rovertech-1024x1024.png 1024w, https:\/\/rovertech.com.hk\/wp-content\/uploads\/2024\/04\/TVP-EMF-BUD-Rovertech-150x150.png 150w, https:\/\/rovertech.com.hk\/wp-content\/uploads\/2024\/04\/TVP-EMF-BUD-Rovertech-1536x1536.png 1536w, https:\/\/rovertech.com.hk\/wp-content\/uploads\/2024\/04\/TVP-EMF-BUD-Rovertech.png 2048w\" sizes=\"(max-width: 768px) 100vw, 768px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-28a7a43 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"28a7a43\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-33380d49\" data-id=\"33380d49\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7d43422a elementor-widget elementor-widget-table-of-contents\" data-id=\"7d43422a\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;],&quot;marker_view&quot;:&quot;numbers&quot;,&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of contents\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__7d43422a\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<svg class=\"elementor-toc__spinner eicon-animation-spin e-font-icon-svg e-eicon-loading\" aria-hidden=\"true\" viewBox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M500 975V858C696 858 858 696 858 500S696 142 500 142 142 304 142 500H25C25 237 238 25 500 25S975 237 975 500 763 975 500 975Z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-70d8e870 elementor-section-full_width elementor-section-height-min-height elementor-section-height-default elementor-section-items-middle\" data-id=\"70d8e870\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5e67ebe9\" data-id=\"5e67ebe9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4f80d4ef elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f80d4ef\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-4a894768\" data-id=\"4a894768\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2f6480f2 elementor-widget elementor-widget-heading\" data-id=\"2f6480f2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Popular Gov Fund 1: TVP Fund<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20d056d9 elementor-widget elementor-widget-text-editor\" data-id=\"20d056d9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>TVP Fund Advantages<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>High Funding Ratio<\/b><span style=\"font-weight: 400;\">: Up to 3:1 (Government funds 75%, company contributes 25%)<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Suitable for All Industries<\/b><span style=\"font-weight: 400;\">: Ranging from web design and app development to AI business automation systems<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Quick Approval<\/b><span style=\"font-weight: 400;\">: Approval within 1 to 3 months<\/span><\/li><\/ul><p><b>TVP Fund Objective<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.itf.gov.hk\/l-eng\/TVP.asp\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">TVP<\/span><\/a><span style=\"font-weight: 400;\"> established by the Innovation and Technology Commission to help Hong Kong SMEs improve business efficiency and competitiveness through the application of technology, particularly for companies seeking digital upgrades.<\/span><\/li><\/ul><p><b>TVP Funding Approval<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Funding Ratio<\/b><span style=\"font-weight: 400;\">: Government funds 75%, company contributes 25%<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Cumulative Funding<\/b><span style=\"font-weight: 400;\">: Up to HK$600,000<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Project Applications<\/b><span style=\"font-weight: 400;\">: Can apply for one project at a time, with a maximum of six projects<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Initial Disbursement<\/b><span style=\"font-weight: 400;\">: Up to 25% of the approved funding upon verification and signing the funding agreement<\/span><\/li><\/ul><p><b>Popular TVP Funding Projects<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>First-Time Applications<\/b><span style=\"font-weight: 400;\">:<\/span><ul><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Web design \/ E-commerce systems<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Online booking systems<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">CRM systems<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">ERP systems<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">WhatsApp API automation marketing systems<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">SEO<\/span><\/li><\/ul><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Subsequent Applications<\/b><span style=\"font-weight: 400;\">:<\/span><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">App development<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">AI automation systems<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">AI Chatbot<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">POS systems<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Cloud and network security systems<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">HR management systems<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Inventory management systems<\/span><\/li><\/ul><\/li><\/ul><p><b>TVP Funding Eligibility<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Registered and incorporated companies in Hong Kong<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Must have continuous business operations in Hong Kong for at least three months<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Not applicable to listed companies, government organizations, or companies receiving government funding and their subsidiaries<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Extended reading: [2023 TVP Ultimate Guide] Up to HK$600,000 | TVP Successful Examples<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4885f636 elementor-widget elementor-widget-heading\" data-id=\"4885f636\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Popular Gov Fund 2: EMF (SME Export Marketing Fund)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ab441d5 elementor-widget elementor-widget-text-editor\" data-id=\"5ab441d5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>EMF Fund Advantages<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>High Cumulative Funding<\/b><span style=\"font-weight: 400;\">: Up to HK$1 million<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Export to Overseas Markets<\/b><span style=\"font-weight: 400;\">: Through exhibitions and online advertising to penetrate international markets<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Easy Application<\/b><span style=\"font-weight: 400;\">: No need to write a plan, just fill out the application form and submit the necessary documents; approval within 30 working days<\/span><\/li><\/ul><p><b>EMF Fund Purpose<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The SME Export Marketing Fund (EMF) aims to encourage SMEs to engage in export promotion, expand new markets, and increase the exposure of their products and services, thereby creating business opportunities and increasing revenue.<\/span><\/li><\/ul><p><b>EMF Funding Approval<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Funding Ratio<\/b><span style=\"font-weight: 400;\">: Government funds 50%, company contributes 50%<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Approved Funding<\/b><span style=\"font-weight: 400;\">: Up to 50% of the total approved expenditure or HK$100,000 per application (whichever is lower)<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Cumulative Funding<\/b><span style=\"font-weight: 400;\">: Up to HK$1 million<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Application Frequency<\/b><span style=\"font-weight: 400;\">: Unlimited<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Initial Disbursement<\/b><span style=\"font-weight: 400;\">: Up to 75% of the preliminarily approved funding (application and proof documents must be submitted 45 to 120 calendar days before project commencement)<\/span><\/li><\/ul><p><b>Popular EMF Funding Projects<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Participate in local or overseas exhibitions\/study missions (targeting local\/overseas markets)<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Online advertising (Amazon, eBay, Alibaba, IG, keyword advertising)<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Web design or optimization<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">App development or optimization<\/span><\/li><\/ul><p><b>Popular EMF Funding Export Businesses<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Electronics<\/b><span style=\"font-weight: 400;\">: Electronic components<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Watches<\/b><span style=\"font-weight: 400;\">: Fashion watches, mechanical watches, sports watches<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Manufacturing<\/b><span style=\"font-weight: 400;\">: Toys, industrial sewing machines, fashion apparel, eco-friendly products<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Home Goods<\/b><span style=\"font-weight: 400;\">: Kitchenware, coffee machines, storage solutions, cleaning products<\/span><\/li><\/ul><p><b>EMF Funding Eligibility<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Non-listed enterprises registered in Hong Kong<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Must have substantial operations, not accepting shell companies or businesses primarily operating overseas<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cumulative funding cap of HK$1 million per enterprise or related entities with similar business registration information<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Extented reading: [EMF SME Export Marketing Fund] Funding Increased to HK$1 Million | EMF Information Guide<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3adc9e4c elementor-widget elementor-widget-heading\" data-id=\"3adc9e4c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Popular Gov Fund 3: BUD Fund<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-57a11a7 elementor-widget elementor-widget-text-editor\" data-id=\"57a11a7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>BUD Fund Advantages<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>High Cumulative Funding<\/b><span style=\"font-weight: 400;\">: Up to HK$7 million<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Expand to China\/Overseas<\/b><span style=\"font-weight: 400;\">: Business expansion through brand development, upgrading, and market development<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Comprehensive Business Support<\/b><span style=\"font-weight: 400;\">: Includes team expansion, promotion, equipment purchases, and hiring auditing services<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fast Application<\/b><span style=\"font-weight: 400;\">: Through \u201cBUD Fund &#8211; Easy Application,\u201d approval within 30 working days<\/span><\/li><\/ul><p><b>BUD Fund Objective<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">BUD Fund aims to help Hong Kong SMEs penetrate Mainland China and ASEAN markets, focusing on:\u00a0<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"2\"><b>Brand Development<\/b><span style=\"font-weight: 400;\">: Enhance brand visibility and appeal<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><b>Upgrading and Transformation<\/b><span style=\"font-weight: 400;\">: Improve efficiency and product quality using new technologies<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><b>Market Development<\/b><span style=\"font-weight: 400;\">: Expand markets through exhibitions and advertising<\/span><\/li><\/ul><p><b>BUD Funding Approval<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Funding Ratio<\/b><span style=\"font-weight: 400;\">: Government funds 50%, company contributes 50%<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Cumulative Funding<\/b><span style=\"font-weight: 400;\">: Up to HK$7 million<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Approved Funding<\/b><span style=\"font-weight: 400;\">: Up to HK$1 million per project (up to HK$100,000 for &#8220;Easy Application&#8221; projects)<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Approved Projects<\/b><span style=\"font-weight: 400;\">: Up to 70 projects per enterprise<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Application Frequency<\/b><span style=\"font-weight: 400;\">: Unlimited<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Completion Time<\/b><span style=\"font-weight: 400;\">: Within 2 years (1 year for &#8220;Easy Application&#8221; projects)<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Approval Time<\/b><span style=\"font-weight: 400;\">: 60 working days (30 working days for &#8220;Easy Application&#8221; projects)<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Initial Disbursement<\/b><span style=\"font-weight: 400;\">: Up to 75% of the preliminarily approved funding (not applicable for &#8220;Easy Application&#8221; projects)<\/span><\/li><\/ul><p><b>Popular BUD Funding Projects<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automating production processes with robots<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Online advertising (Douyin, Xiaohongshu, WeChat, Amazon, eBay, Alibaba, IG), influencer\/KOL live streaming, keyword advertising<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Web design or optimization<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">App development or optimization<\/span><\/li><\/ul><p><b>Popular BUD Funding Export Businesses<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Electronics<\/b><span style=\"font-weight: 400;\">: Electronic components, smart home appliances, agricultural drones, home and industrial robots<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Watches<\/b><span style=\"font-weight: 400;\">: Fashion watches, mechanical watches, sports watches<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Manufacturing<\/b><span style=\"font-weight: 400;\">: Toys, industrial sewing machines, fashion apparel, eco-friendly products<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Home Goods<\/b><span style=\"font-weight: 400;\">: Kitchenware, coffee machines, storage solutions, cleaning products<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Beauty<\/b><span style=\"font-weight: 400;\">: Cosmetics and personal care products<\/span><\/li><\/ul><p><b>BUD Funding Eligibility<\/b><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Non-listed enterprises registered in Hong Kong<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Must have substantial business operations in Hong Kong (must provide employee, financial, and operational transaction records)<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Projects must involve brand development, upgrading and transformation, or market expansion<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Extended reading: <\/span><span style=\"font-weight: 400;\">[BUD Special Fund] Up to HK$7 Million | BUD Information Guide<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-db4daf4 elementor-widget elementor-widget-heading\" data-id=\"db4daf4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Conclusion<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b227eb6 elementor-widget elementor-widget-text-editor\" data-id=\"b227eb6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Do you have more questions about these SME government subsidies? Or want to learn more about how to leverage government funding to grow your business? Contact us at Rovertech <\/span><a href=\"https:\/\/rovertech.com.hk\/en\/it-consultation\/\"><span style=\"font-weight: 400;\">IT Consulting<\/span><\/a><span style=\"font-weight: 400;\"> now! We are well-versed in the application processes and government regulations and can craft digital transformation and international promotion strategies tailored for you to help increase your ROI and revenue.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-426ba0f7 elementor-widget elementor-widget-post-navigation\" data-id=\"426ba0f7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"post-navigation.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-post-navigation\" role=\"navigation\" aria-label=\"Post Navigation\">\n\t\t\t<div class=\"elementor-post-navigation__prev elementor-post-navigation__link\">\n\t\t\t\t<a href=\"https:\/\/rovertech.com.hk\/en\/bud-fund-guide\/\" rel=\"prev\"><span class=\"post-navigation__arrow-wrapper post-navigation__arrow-prev\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-angle-left\" viewBox=\"0 0 256 512\" 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elementor-section-full_width elementor-section-height-default elementor-section-items-middle\" data-id=\"a5a3256\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c338814\" data-id=\"c338814\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-59f22c7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"59f22c7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element 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data-settings=\"{&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_translateY_effect&quot;:&quot;yes&quot;,&quot;motion_fx_translateY_speed&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;0.5&quot;,&quot;sizes&quot;:[]},&quot;motion_fx_translateY_affectedRange&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:&quot;0&quot;,&quot;end&quot;:&quot;50&quot;}},&quot;motion_fx_opacity_effect&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:&quot;0&quot;,&quot;end&quot;:&quot;50&quot;}},&quot;motion_fx_opacity_direction&quot;:&quot;out-in&quot;,&quot;motion_fx_opacity_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:10,&quot;sizes&quot;:[]},&quot;motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Related News.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a687a24 elementor-widget elementor-widget-text-editor\" data-id=\"a687a24\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tDiscover a wide range of news articles and insightful content across diverse topics.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-02e8994 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"02e8994\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-f9c38eb\" data-id=\"f9c38eb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Home In today\u2019s e-commerce era, businesses continuously seek strategies to enhance competitiveness, expand operations, and increase revenue. However, funding often becomes a bottleneck on the path to growth.\u00a0 \u00a0 The good news is that the government offers several subsidy programs like TVP, EMF, and BUD funds to help SMEs accelerate digital transformation and expand into&hellip;<\/p>\n","protected":false},"author":1,"featured_media":89508,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[509],"tags":[],"class_list":["post-89510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-funding-en"],"jetpack_featured_media_url":"https:\/\/rovertech.com.hk\/wp-content\/uploads\/2024\/04\/TVP-EMF-BUD-Rovertech.png","_links":{"self":[{"href":"https:\/\/rovertech.com.hk\/en\/wp-json\/wp\/v2\/posts\/89510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rovertech.com.hk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rovertech.com.hk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rovertech.com.hk\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rovertech.com.hk\/en\/wp-json\/wp\/v2\/comments?post=89510"}],"version-history":[{"count":0,"href":"https:\/\/rovertech.com.hk\/en\/wp-json\/wp\/v2\/posts\/89510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rovertech.com.hk\/en\/wp-json\/wp\/v2\/media\/89508"}],"wp:attachment":[{"href":"https:\/\/rovertech.com.hk\/en\/wp-json\/wp\/v2\/media?parent=89510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rovertech.com.hk\/en\/wp-json\/wp\/v2\/categories?post=89510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rovertech.com.hk\/en\/wp-json\/wp\/v2\/tags?post=89510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}