Madcradle Online has a dedicated SME support group to provide customers with free consulting services and assess their eligibility for various funding schemes. Funding programs suitable for SMEs include DTSPP Digital Transformation Support Pilot Program, BUD Special Fund, SME Marketing Fund (EMF), TVP Technology Voucher, etc. We are committed to providing comprehensive support to small and medium-sized enterprises to help them master various funding programs. At the same time, we can cooperate with the programs to adopt online promotion strategies for customers, covering search engine advertising, banner advertising, video advertising, social media promotion, website and Online store design, etc., help customers stay competitive in the rapidly changing market environment in Hong Kong, Mainland China and the Asia-Pacific region.
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Suitable for SMEs in catering or retail industries
The Digital Transformation Support Pilot Scheme aims to accelerate the pace of digital transformation of SMEs by providing one-to-one matching grant funding to support them in adopting pre-assessed, ready-to-use digital technology solutions in target solution categories. The Hong Kong Special Administrative Region Government has set aside HK$500 million for matching purposes.
Funding scope:
Funding amount:
The maximum amount is HK$100,000 or 50% of the total approved expenditure, whichever is lower
Cumulative funding amount:
Each enterprise can receive funding for at most one approved project, and the maximum cumulative funding amount is HK$50,000.
Suitable for companies exploring and developing business in Mainland China/ASEAN
[2024-2025 Government Budget]The "Special Fund for Brand Development, Upgrading and Transformation, and Domestic Market Expansion" ("BUD Special Fund") continues to be optimized, including increasing the cumulative funding limit for each enterprise and simplifying the application procedures. The budget proposes to inject a further NT$500 million into the fund to help small and medium-sized enterprises enhance their competitiveness and explore mainland and overseas markets, including adding an "e-commerce platform" under the fund, allowing each enterprise to receive up to NT$1 million in funding. Promote e-commerce projects in the mainland.
[2023 updated policy] Increased support for enterprises to explore and develop business in mainland China
The government announced that it would inject NT$1.5 billion into the "Special Fund for Brand Development, Upgrading and Transformation, and Expansion of Domestic Markets", which will transfer each company'sThe funding limit is increased to NT$7 million; Expand the geographical scope of funding in phases from 20 economies to 37.Covers all economies that have signed investment promotion and protection agreements with Hong Kong. The second phase of optimization measures will take effect on February 14, 2022, and the geographical scope of the fund’s funding will be expanded to Austria, the Belgium-Luxembourg Economic Union, Canada, Denmark, Finland, France, Germany, Italy, Mexico, the Netherlands, Sweden and the United Kingdom .
The "BUD Special Fund" aims to explore and develop Mainland China/ASEAN businesses by providing financial assistance to individual companies to assist them in implementing projects related to brand development, upgrading and transformation, and expanding domestic sales. The "BUD Special Fund" has been further optimized this year, allowing enterprises to flexibly use the total funding limit of $6 million to implement projects in the Mainland or in other economies that have signed free trade agreements with Hong Kong. In addition, enterprises that participate in virtual exhibitions organized by relevant government agencies or exhibitors with good reputation and track record can also benefit from funding from the "BUD Special Fund".
Funding scope:
The upper limit of advertising budget expenditure is 50% of the total budget expenditure of the entire project.
Cumulative funding amount:
HK$7,000,000
Initial allocation:
Can receive up to 75% of the initially approved government subsidy amount
Applicable to enterprises that mainly target markets outside Hong Kong
Scope of funding (mainly targeted at markets outside Hong Kong):
Funding amount:
The maximum amount is HK$100,000 or 50% of the total approved expenditure, whichever is lower
Cumulative funding amount:
HK$800,000
Initial allocation:
Can receive up to 75% of the initially approved government subsidy amount
Applicable to local unlisted enterprises and non-government funded institutions
Since April 1, 2020, the government has further optimized the Technology Voucher, increasing the funding ratio for each approved project from two-thirds to three-quarters, and the funding ceiling for each applicant has been increased from NT$400,000 to 600,000, and the upper limit of the number of approved projects has also been increased from four to six.
Funding scope:
Funding amount:
The Technology Voucher will provide a maximum subsidy of HK$600,000 to each eligible applicant on a 3 (government): 1 (enterprise/organization) matching model. Applicants must invest no less than 25% of the total approved project cost in cash. The Technology Voucher will provide applicants with funding of no more than 75% of the actual project costs.
Cumulative funding amount:
Each applicant can be approved for a maximum of six projects, and the total cumulative funding for all approved TVP projects for each applicant shall not exceed the cumulative funding ceiling of HK$600,000.
Initial allocation:
Can receive up to 75% of the initially approved government subsidy amount
Applicable to unlisted enterprises with substantial retail business operations in Hong Kong
The government has allocated HK$50 million to ReTAAS1 and will provide funding to applicant companies on a reciprocal basis to support the implementation of technology projects consistent with the purpose of the plan.
Funding scope:
The government's funding limit is 50% of the total approved expenditure of an individual project (or HK$50,000, whichever is lower), and the applicant enterprise must bear no less than 50% of the total approved expenditure of the project in cash. Each enterprise can receive funding for up to two approved projects.
Cumulative funding amount:
Each enterprise can receive funding for up to two approved projects, with the maximum cumulative funding amount being HK$50,000.
Initial allocation:
Starting from April 1, 2020, the maximum initial funding is 50% of the total approved government funding (i.e. up to HK$25,000)
We have set up a dedicated SME support team to provide free consultation services, assess customers’ funding application qualifications, and provide one-stop online promotion services, covering search engine advertising, banner advertising, video advertising, social media promotion, website and online store design etc., helping customers find more business opportunities and obtain maximum advertising returns in Hong Kong, Mainland China and the Asia-Pacific region.
Madcradle Online is a comprehensive digital marketing advertising company and an authorized partner of Facebook Managed Partner, Google, Yahoo! Yahoo Hong Kong and Tencent Advertising. We provide one-stop online marketing and promotion services with three cores: "Creativity", "Media Strategy" and "Technology Integration".
Everything is subject to government announcements. Please pay attention to the latest government announcements.
Madcradle Online is a comprehensive digital marketing advertising company and an authorized partner of Facebook Managed Partner, Google, Yahoo! Yahoo Hong Kong and Tencent Advertising. We provide one-stop online marketing and promotion services with three cores: "Creativity", "Media Strategy" and "Technology Integration".
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