Hong Kong Government Subsidies - BUD Fund, EMF Fund, CMDF | Gangchuang Consulting

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Hong Kong BUD Dedicated Fund

The Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) is a key initiative by the Hong Kong SAR Government to help non-listed Hong Kong enterprises develop brands, upgrade operations, and expand into mainland China and overseas markets.

What is BUD?

The Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund), launched by the Hong Kong SAR Government in June 2012, is designed to help non-listed Hong Kong enterprises develop brands, upgrade operations, and expand into mainland China and 39 economies with which Hong Kong has signed Free Trade Agreements (FTAs) and Investment Agreements.

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Funding Scope

The government covers 25% of total project costs. Up to 70 projects can be applied for, with a maximum subsidy of HK$800,000 per project and a cumulative cap of HK$7 million per enterprise.

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Eligibility

  • Non-listed enterprise registered in Hong Kong under the Business Registration Ordinance
  • Company established for at least 1 year
  • Substantive business operations in Hong Kong (actual office space, MPF contributions for at least 1 employee for 3+ months, proper financial records with audited reports)
  • If involving mainland business, must meet equity requirements (HK company holds 50%+ of mainland entity, or same individual holds 30%+ of HK company and 50%+ of mainland company, or same shareholders 100% own both)

Application Process

1
Project Application
~1 month
Prepare all required documents
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2
Government Review
~3 months
Full, conditional, or rejected approval
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3
Sign Agreement
~1 month
Sign funding agreement
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4
First Installment
~1 month
Typically 25% of total funding
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5
Implementation
~12 months
Project execution
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6
Final Payment
~1 month
Remaining 75% upon completion

Hong Kong EMF (Export Marketing Fund)

The Export Marketing Fund (EMF) helps Hong Kong SMEs expand into overseas markets through financial support for marketing and promotional activities.

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Funding

Up to 50% of approved project costs, with a maximum of HK$1 million per enterprise.

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Eligible Activities

  • Trade fairs and exhibitions
  • Overseas business missions
  • Advertising and promotional campaigns
  • Website and e-commerce development for overseas markets
  • Design and production of promotional materials
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Eligibility

Hong Kong registered non-listed SMEs with substantive business operations in Hong Kong.

Chinese Medicine Development Fund (CMDF)

The CMDF supports the development and modernization of the Chinese medicine industry in Hong Kong.

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Funding

Various subsidy tiers for different project types, supporting a wide range of Chinese medicine initiatives.

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Eligible Projects

  • Chinese medicine research and development
  • Professional training and education
  • Product development and quality improvement
  • Market promotion and branding
  • Industry modernization initiatives
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Target Audience

Hong Kong registered enterprises and organizations operating in the Chinese medicine sector, including manufacturers, traders, clinics, and professional associations.

How We Can Help

Gangchuang Consulting provides full-service BUD fund application assistance. Our team of policy experts, financial professionals, and legal specialists creates customized service plans tailored to your business needs.

From eligibility assessment and documentation preparation to submission and follow-up, we provide end-to-end support throughout the entire application process. With rich practical experience, we maintain a high approval rate, having successfully helped 100+ enterprises across manufacturing, cross-border e-commerce, and other industries secure million-level subsidies.

100+
Enterprises Served
HK$7M
Max Cumulative Funding
70
Max Projects Per Enterprise
39
Eligible Economies
HK Venture Consulting
Shenzhen Qianhai Gangchuang Consulting Co., Ltd.
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Service Areas

Singapore, Hong Kong, Macao, Taiwan, Shenzhen, Guangzhou, Foshan, Zhuhai, Zhongshan, Dongguan, Huizhou
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