The novel coronavirus epidemic has brought exceptional challenges to Hong Kong. The Secretary for Innovation and Technology, Mr Nicholas W. Yang, announced that the Innovation and Technology Bureau will allocate HKD$500 million to launch a Distance Business ( D-Biz) Programme Anti-epidemic Fund. In order to support local enterprises to continue their business and services through adoption of IT solutions during the epidemic.
Remote working or service has become a new trend against the backdrop of the epidemic. The Innovation and Technology Commission (ITC) has launched the D-Biz Programme to support enterprises through the adoption of IT solutions. The Hong Kong Productivity Council is appointed as the Secretariat.
The D-Biz Programme will provide 100% funding support to qualified enterprises, subject to a cap of HK$100,000 per IT solution (related training expenses to be capped at 10% of solution cost) and HK$300,000 per enterprise. An initial payment of 30% of the approved funding amount is payable to a designated bank account after the application has been approved.
To facilitate enterprises to identify suitable IT solutions, we will provide Lists of IT Solutions and IT Service Providers for their reference, with a view to expediting processing time and benefiting the enterprises as soon as possible.
The List of IT Solutions will cover 13 categories of IT solutions for supporting distance business.
All private enterprises (except listed companies, statutory bodies and NGOs funded by the Government), are eligible to apply. Qualified enterprise must have valid Business Registration Certificate with business commenced before 1 January 2020 and have substantive business operation in the related industry at the time of application.
This Programme is open for application from 4 May to 31 October 2020 for a period of 6 months.
Think, everyone feels exciting of the D-Biz Programme. For the application and assessment procedure, we still need to wait for the official announcement.
For further information, please contact us.
You may want to read: http://centreo.hk/hk137-5-billion-financial-relief-hong-kong-smes/