The BUD Fund – Easy BUD
To expedite the processing of applications, so as to enable more SMEs to make use of the funding to develop their business, the Government launched “Easy BUD” under the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund). Under “Easy BUD”, the application form and the requirements for supporting documents have been simplified. The vetting arrangements have also been streamlined with the processing time of “Easy BUD” applications halved to within 30 working days.
Apart from “Easy BUD”, enterprises may continue to apply for funding through the general application track of the BUD Fund all year round, so as to assist their business development in the Mainland and other markets with which Hong Kong has signed free trade agreements and/or investment promotion and protection agreements. The cumulative funding ceiling per enterprise under the BUD Fund will remain at $7 million.