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Established in 2014, SMEBrother aims to provide reliable financial solutions to small and medium-sized enterprises, SMEBrother has since assisted over 2000 clients, prioritizing each client's satisfaction wholeheartedly. Covering a diverse range of government funding initiatives such as the Technology Voucher Programme (TVP) and the Dedicated Fund on Branding, Upgrading, and Domestic Sales (BUD), our suite of services at SMEBrother comprises a one-stop support for funding, as we have experts that specializes in handling government funding programs. This support includes initial consultations, aid in document preparation, drafting project proposals, overseeing project advancement, and offering guidance on acceptance criteria and standards. Which one should I apply? BUD (Dedicated Fund on Branding, Upgrading and Domestic Sales) funding and TVP (Technology Voucher Programme) funding are both financial assistance programs aimed at supporting businesses, but they have different focuses and criteria, so before you apply and make a decision, you should see which one you need the most first, we will make it easier for you to understand by providing information below. BUD Fund BUD funding supports a broad range of business development activities, including market expansion, product development, and operational improvements. It also may cover various aspects of business growth, such as marketing, human resources, technology adoption, and training. Within the framework of the BUD Fund, both the "Mainland Programme" and the "FTA Programme" extend subsidies on a one-on-one basis. With these programmes, Hong Kong enterprises can receive funding of up to HKD 7 million to financially support initiatives such as brand enhancement, facilitate business upgrades and transformations, market promotions. The objective of this funding is to bolster the competitiveness of enterprises operating in Mainland China, Southeast Asia, and markets under free trade and investment agreements. Businesses from different sectors and industries may be eligible for BUD funding, as long as their proposed projects contribute to overall business growth and development, preferably non-listed enterprises registered in Hong Kong and enterprises with substantive business operations in Hong Kong. TVP Funding TVP Funding specifically aims to enhance the technological capabilities and competitiveness of businesses. It provides subsidies to eligible businesses for adopting and utilizing technological solutions and services. This could include investments in hardware, software, consultancy services, or technology-related training. Do remember that unlike BUD Fund that focuses on a more generalized and covers a wider spectrum of business activities, TVP Fund only focuses on supporting businesses in adopting and utilizing technological solutions and services to improve efficiency, productivity, and innovation. That being said, the programme requires businesses to invest in specific technology areas such as hardware, software, consultancy services, or technology-related training. With a funding ratio of up to 75% (3/4 of the project), the programme enables businesses to start their projects immediately upon submission of their application. So for an example, the government will provide you $350,000 for a $400,000 project; $150,000 for a $200,000 project, and so on and so forth. With this programme, each enterprises can receive HKD $600,000 at most, targeting the enhancement of their competitiveness, enhancement of business operations, or facilitation of transformation through technological systems. To qualify for the TVP, applicants must be companies registered or established in Hong Kong, with significant business operations in the region. Furthermore, the business must be relevant to the project for which the application is made as stated earlier. Conclusion In summary, while both BUD funding and TVP funding aim to support business development, BUD funding offers a broader scope and flexibility, and you can use it to discover mainland China and Free Trade Agreement Markets or upgrade, brand and transform if you already have a company there, while TVP funding is more focused on technology adoption and innovation to enhance business competitiveness, and you can use it to boost your efficiency of your company's services or technology. If you want to know more or have a question regarding BUD fund and TVP fund, feel free to consult SMEBrother by calling +852 6705 9572 or send us a private message through whatsapp.

BUD幫助香港化妝品牌，來內地湊熱鬧？美妝國貨品牌開始進入【優勝劣汰】的階段，而一家在香港本土久負盛名的美妝定製品牌，則計劃在這個時候加入搶佔內地市場的大戰。 在香港佔有理想且穩定的市場份額後，黃小姐想進一步擴大市場的佔比，提高品牌的知名度，她看向了14億內地市場的巨大「蛋糕」，因此她希望透過BUD計劃去加快進入內地市場的步伐，提升競爭力，將彩妝護膚品的銷售拓展到內地市埸。 起初黃小姐嘗試自行申請BUD，但後來發現申請手續繁複，所需資料眾多，正想放棄之際，經朋友介紹認識SMEBro。在了解黃小姐的營運模式和業務優勢後，我們用兩個星期的時間整理並協助提交BUD申請。 有這個底氣除了對自己的產品和內地消費力有信心之外，更因為他們申請到80萬的BUD專項基金資助，順利開展內地市場業務，用於內地增聘人手，社交媒體的宣傳和推廣，商標註冊，品牌手冊等。 BUD專項基金是品牌發展的大利器之一！透過BUD可助本地中小企拓展更大的生意網絡！。