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PRP FUND

PURPOSE

To support research and development projects undertaken by private companies in collaboration with local universities and public research institutions

SUMMARY

  • To provide funding support for collaborative applied research and development (R&D) projects undertaken by an R&D Centre 1 or a designated local public research institute 2 (i.e. the lead applicant) in partnership with a private company (i.e. the industry co-applicant)

  • The company has to be a company incorporated in Hong Kong under the Companies Ordinance

  • Funding support is given to R&D activities only and not to business development or operating expenses incurred by the company

  • The support is given as a grant, subject to the contribution by the company of at least 50% of the project cost

  • The maximum project duration is 3 years 

  • Applications for PRP are open all year round

LOCATION OF R&D

  • The majority of the R&D work funded under PRP projects should be conducted within the territory of Hong Kong. Up to 50% of the R&D work of an ITF project can be conducted (and relevant expenditure incurred) in the Mainland

  • The lead applicant is required to submit progress report(s)/final report until project completion

SCOPE OF PROJECT

  •  Downstream activities should be justified based on their individual merits, including innovation and technology content and/or potential impact to the community.  

Reasonableness
  • Mass production activities would generally not be supported. 

  • Should be relevant to the industry or its potential market and/or bring upon positive impact to the community and supported by detailed plans for realisation and commercialisation.

Relevance
  • The project is expected to comprise a balanced mix of midstream and downstream R&D activities

Proportionality

The above information is provided by Innovation and Technology Commission

If you want to apply for this scheme, please contact MACROHARD immediately.

Our consultants will assist you in the preparation for the documents and materials for the application and provide you with consultation services so as to help you successfully apply for the grant from the Hong Kong Government.

合理性

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電郵: info@macrohardhk.com

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