The Innovation & Technology Commission (ITC) today launched the Pilot Manufacturing & Production Line Upgrade Support Scheme (Manufacturing+) and enhanced the existing New Industrialisation Acceleration Scheme (NIAS) to boost the development of new industrialisation in Hong Kong.

Manufacturing+ falls under the Innovation & Technology Fund’s New Industrialisation Support Scheme. Through it, the Government will provide funding of up to $250,000 per eligible enterprise on a 1:2 Government to enterprise matching basis.

Eligible enterprises should be operating production lines in Hong Kong, and the funding will help them to formulate smart production strategies and introduce advanced technologies into existing production lines. Its scope covers consultancy fees, costs for purchasing equipment and integrating smart technologies into existing production lines, and training and development expenses.

Meanwhile, the application threshold for the NIAS will be relaxed, with the minimum total project cost lowered from $300 million to $150 million. Enterprises must contribute at least $100 million. Moreover, the ITC will also provide funding on a 1:1 basis for companies approved under the NIAS to employ up to 10 technical personnel required for setting up or operating smart production facilities.

Both schemes accept applications year-round. Click here for details. Call 3543 5904 or email to  enquiry@itf.gov.hk) for enquiries.