The Fund accepts applications from companies, research institutions, professional bodies, trade associations and non-government organisations. Applicants are categorised into corporate sectors and public sectors.
Applications are assessed according to the following criteria:
ASSESSMENT CRITERIA
RESEARCH & APPLICATION
PURE RESEARCH
Relevance to the Scope of the Fund
10%
10%
Innovation and Technology Components
25%
30%
Technical and Management Capability
20%
20%
Financial Considerations
10%
10%
Commercial Viability of Project Deliverables in
Hong Kong
25%
–
Potential Application of Research Results in
Hong Kong
–
20%
Project Duration/Programme
10%
10%
Subsidy Amount
The applicants shall contribute a certain percentage of the project cost as follows:
TYPES OF APPLICANT
FUND’S CONTRIBUTION(% OF PROJECT COST)
Public Sector
up to 90%
Corporate Sector
up to 50%
The funding ceiling for the two types of projects are set out below:
TYPES OF PROJECT
FUNDING CEILING(PER PROJECT)
Research and Application Project
HK$ 20 million
Pure Research Project
HK$ 8 million
Projects which are or will be in receipt of other public funding support will not be considered.
Project Duration
The duration of the project should normally not exceed 24 months.
Application Time
Applications can be submitted all year round. Applicants are advised to check thoroughly their submissions and provide all required supporting documents to reduce the application processing time.