Technology
Green Tech Fund
Support for carbon reduction and green technology realisation
Overview
Up to HKD $30M funding to support R&D, application or commercialisation of carbon reduction and green technology to speed up the low-carbon and environmental friendly transformation of Hong Kong.
Total funding
Up to HKD$30M
Maximum projects
N.A.
Max. funding per project
N.A.
Project duration
Under 60 months
Project funding ratio
2/3
Upfront funding
N.A.
Applicable Projects
Carbon Reduction & Energy Saving
Renewable Energy, Energy Efficiency and Conservation, Carbon Removal Technologies, Hydrogen Economy
Green Transport
Promotion of Electric Vehicles (EVs), Giving Second Life to EV Batteries
Waste Management
Plastics Challenge, Development of circular economy, Reuse & Recycling of E-Waste, Recycling and Treatment of Non-inert Construction Waste, Leachate Treatment, Municipal Solid Waste Charging
Air & Water Quality
Air Quality Monitoring, Mitigate odour from polluted storm drains and coastal waters, Microplastics monitoring and interception, Remote sensing applications in marine environmental incidents, Eco-shoreline application for increase biodiversity and improve water quality
Applicable Countries
Asia
Hong Kong, Great Bay Area
Applicable Expenses
Project limit
Expense
Up to 50%
-Outsourced R&D tasks outside Hong Kong
- *% of the approved total project cost
N.A.
- Production related expenses other than mass production, including development engineering/system integration, large scale process optimisation, compliance testing, licensing of third-party IP rights and industrial design, etc
N.A.
- Salary of project staff, including the employer’s mandatory contribution to the MPF.
N.A.
- Contract gratuities, annual salary adjustment (excluding increments and promotions) and general fringe benefits (e.g. medical) in accordance with the established mechanism
N.A.
- Cost of equipment for implementing the project and maintenance cost of the existing equipment
N.A.
- External consultancy, purchase of consumables and technology licences
N.A.
- Promotion and marketing activities for disseminating project deliverables and technology transfer
N.A.
- Outsourcing to third party technology vendors
N.A.
- Samples/prototypes production required for functional verification and necessary testing or certification to certify the functionality as described in the application
Up to $250k
- Obtaining patent registrations within or outside Hong Kong for functional inventions
Up to $20k
- Auditing Fees
Up to $40k
- Participating in conferences or visits related to the research project
Up to 15%
- Administrative overheads for non-company applicants
- *% of the approved total project cost
Up to 15%
- Rental subsidy for company applicants
- *% of the approved total project cost