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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%|
|Commercial Viability of Project Deliverables in Hong Kong||25%||–|
|Potential Application of Research Results in Hong Kong||–||20%|
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.
The duration of the project should normally not exceed 24 months.
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.