Technology Development Supporting Scheme

Assisting companies in researching and formulating various scientific and technological application programs, and purchasing and developing related technological systems.When the enterprises failed to apply for funding for R&D or application of various systems to the Hong Kong government during the same period, the plan will provide guarantees for applicants.
EligibilityFunding Range

Scheme Introduction

Assisting companies in researching and formulating various scientific and technological application programs, and purchasing and developing related technological systems.When the enterprises failed to apply for funding for R&D or application of various systems to the Hong Kong government during the same period, the plan will provide guarantees for applicants.

Funding Amount

Individuals or institutions can apply as the applicant for a maximum of 50% of the approved expenditure. Funded individuals or institutions need to pay the balance in cash. The cumulative funding limit for each application unit is HK$1,000,000.

Eligibility

1.Companies incorporated in Hong Kong;
2.Recommended by a cooperative venture consultant;
3.All contracts need to include designated arbitration clauses;
4.Indicate “Angel Investment Foundation Funded Project” in related promotional materials.;
5.Angel Investment Foundation will have the right to redeem up to 5% of the grantee’s shares for HK$500,000 at any time during the next two years.(equivalent to a valuation of 10 million Hong Kong dollars)。

Funding Range

1. Website System Development;
2.IOS and Android software development;
3. Customer management system development or integration;
4. Retail-related technology applications;
5. Cross-border e-commerce / micro-mart / micro-distribution;
6. Mobile games;
7. Internet finance or investment-related systems;
8. ReTAAS and Technology Voucher TVC funding scope.

Successful Case

Technology Development Supporting Scheme helped us to solve the cost of the major system platform development, subsidize us to employ outsourcing system development company, design and develop online and APP platforms, and greatly reduce our costs.

Mr. Deng

Founder/CEO, Referral Global

Technology Development Supporting Scheme has funded a number of science and technology applications in the early stages of our development, such as data management, internal communications systems, and sales management systems, which have greatly reduced our initial departmental development expenditure.

Ronnie Hui

Founder / CEO, UTRON

Application Procedure

Step 1: Financial Budget Preparation

Applicants or institutions need to prepare the financial budget for the next two years,including various budgets, time and reference quotes.The financial budget template can be downloaded here.After filling in, email the financial budget form and the contact information of the applicant to [email protected] will arrange entrepreneurial consultants to contact the applicant within one week.

Step 2: Research Funding Feasibility

According to the financial budget, the consultant will assist applicants in researching the funding scheme of the government and non-government organizations in Hong Kong and China, including the Angels Investment Foundation,to study whether they can apply for various grants and entrepreneurship support scheme, and make relevant recommendations.

Step 3: Submit Application

The applicant agrees that the consultant will assist in applying for the funding scheme proposed by the "Research for Support with Application", including funding from Angel Investment Foundation. The consultant will ask the applicant for the necessary information to assist them in applying for funding.

Step 4: Approve The Application

After the Angel Investment Foundation receives an application submitted by a consultant, it will conduct approval within one month, and the approval result will be notified to the applicant through the entrepreneurial consultant one month later.

Step 5: Carry Out The Project

After receiving the approval notice, the applicant must sign the confirmation receipt and start the approved project within one month. The applicant must pay the relevant expenses first. After the project is completed, the consultant will collect relevant expenses evidence and documents to represent the applicant. The angel investment foundation applies for funding.

Step 6: Apply for Reimbursement

After receiving the project expense documents submitted by the consultants, the Angel Investment Foundation will grant funds to consultants within 2 weeks, and the consultants will pay to the applicant's designated bank account.