🌟Types of Funding
- Alex Tam
- Mar 21
- 1 min read
Hong Kong offers various funding schemes for small and medium enterprises (SMEs) to help them thrive in a competitive market. These schemes cover areas such as innovation, business expansion, and market promotion, providing essential resources and support.
Innovation and Technology Fund (ITF)
The ITF supports businesses in innovation and technology research and development, enhancing competitiveness. Companies can apply for funding to develop new products or improve existing technologies.
SME Export Marketing Fund (EMF)
The EMF helps businesses expand into overseas markets by subsidizing costs for international exhibitions, promotional activities, and market research, boosting brand recognition.
SME Loan Guarantee Scheme (SGS)
The SGS provides loan guarantees to help businesses secure bank loans, addressing cash flow issues and supporting business expansion.
Reindustrialisation and Technology Training Programme (RTTP)
The RTTP funds employee participation in technology training courses, enhancing skills and knowledge, and promoting business innovation and development.
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