Enterprise Support Scheme (ESS) is a HK R&D funding under Innovation and Technology Commission (ITC), which has been in operation for 6 years with more than 100 applications and $70M approved funding per year. The small and middle size HK companies are the most frequent guest, but listed company are also present.
How does ESS Funding works?
Dollar-for-dollar Match fund(ESS)
ITC 50% / Applicant 50%
support of up to HK$10M and up to 2 years.
ESS funding supports:
All existing or to be recruited R&D related man power
R&D project related equipment procurement
Other Direct cost such as outsource services
No repayment required, no IP and profile sharing required.
ESS fund is project based and no limitation on the number of application.
After finished ESS Funding
Cash Rebate Scheme
After successfully finish enterprise support scheme, applicants can apply for another scheme call “Cash Rebate Scheme” which can receive another 40% of the applicant’s expense.
(Approximately 20% of the project total expense)
Applicant only undertake 30% of the total R&D cost
In another word, with enterprise support scheme, salary, equipment and out source services are
Also it means the capital of
the project is 3x bigger.
Check ITC R&D Funding Qualification now!
It is project based. You can submit again and again
To those who succeed the application of ESS Funding
You are eligible to apply another 2 scheme which is only open to Science Park and Cyber Port tenant.
Research Talent Hub:
extra support to hire 4 Bachelor / Master / Phd team member to support the project.
the max support for Bachelor is HK$18K/M/head;
the max support for Master is HK$21K/M/head.
the max support for Phd is HK$32K/M/head
Flexible R&D Financial Plan
Don't worry, you don't have to input your 50% at once.
The scheme support your R&D activities up to 2 years. ITC set half year as a milestone.
You input your money at every milestone's beginning.
The input amount is your total undertake amount divides the number of milestone.