The Hong Kong Productivity Council encourages small and medium-sized enterprises to make good use of SAR government funding to promote transformation and upgrading

2023-09-26

On the road to business, enterprises will inevitably encounter various challenges and opportunities. As the strongest supporter of Hong Kong's business and manufacturing industries, the Productivity Council has always encouraged enterprises to make good use of the SAR government's funding to cope with the rapidly changing market environment. "Lin Zhijun, Chief Operations Officer of the Hong Kong Productivity Council (Productivity Council), recently stated in Hong Kong. The Chief Operating Officer of the Hong Kong Productivity Council, Lin Chi jun, recently held a media sharing meeting to introduce the organization's multiple Hong Kong SAR government funding programs. Provided by the Hong Kong Productivity Council. The Productivity Bureau is one of the largest and strongest application research and development institutions in Hong Kong, aiming to use innovative technology to help transform and upgrade Hong Kong's manufacturing industry and promote the development of new industrialization. At the same time, the Productivity Bureau has also served as the executing agency for multiple Hong Kong SAR government funded programs. In this regard, Lin Zhijun recently held a media sharing meeting to introduce various funding plans under the Productivity Bureau. According to statistics, among the existing 50 special zone government subsidy programs, the Productivity Bureau is responsible for implementing 10, of which 8 are currently accepting applications from small and medium-sized enterprises. Lin Zhijun stated that in terms of making good use of government funding from the Special Administrative Region, the Productivity Bureau not only established the Funding Program Department in 2021, but also launched the BEE "Funding Easy" online platform in 2022. Since its launch in September of that year, the platform has recorded over 430000 views so far, making the application process for funding smoother for enterprises. The Chief Operating Officer of the Hong Kong Productivity Council, Lin Chi jun, recently held a media sharing meeting to introduce the organization's multiple Hong Kong SAR government funding programs. According to the Hong Kong Productivity Council, from 2022 to 2023, the Council received over 22000 funding applications, with an approved amount of approximately HKD 3.5 billion. Both the number of applications and the approved amount showed a significant increase year-on-year. The Productivity Bureau also holds or participates in multiple online and offline seminars and outreach promotion activities, assisting small and medium-sized enterprises in seeking suitable funding plans and helping them accelerate the practice of intelligent manufacturing, upgrading and transformation. At the sharing meeting, Lin Zhijun introduced to reporters the several funding projects that have received the most applications in the past year. She pointed out that out of the 22000 applications received, "Technology Vouchers" (TVP) were the most popular among small and medium-sized enterprises, and the number of applications received was also the highest, accounting for about 70% of the total applications. The popularity of this plan also indirectly demonstrates the effectiveness of promoting smart city construction in Hong Kong in recent years. Lin Zhijun said that the development of new industries and smart cities is a development direction that the SAR government and the Productivity Bureau are striving to promote, hoping to further improve Hong Kong's productivity and create new peaks. It is reported that "Technology Coupon" is a funding plan to help expand Hong Kong business, supporting non listed local enterprises or institutions to use technology services and solutions to improve productivity or upgrade and transform business processes, thereby strengthening long-term competitiveness. The maximum funding amount is 75% of the expected project cost, with a maximum funding limit of HKD 600000. (New News Agency)

Edit:Hu Sen Ming    Responsible editor:Li Xi

Source:ecns.cn

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