Upgrading or Developing Products
Advertising and Promotion
Project Audit
Additional Business Entity and Manpower
Upgrading or Developing Products
Advertising and Promotion
Project Audit
Guide to Application for the latest requirements.
The BUD Fund requires planning before execution. Even there is initial payment, full funding can only be received after the project is executed in full. A project can be as long as 2 years, and discrepancies from the original plan over this period are often inevitable, complicating the project. Instead of stuffing a lot of measures into a large project, we believe that a project can be completed faster by reducing the scope so that the funding can be received earlier. We can always take advantage of the remaining funding quota by applying for another project.
During the application, we would consider the efforts and time needed to go through the procurement process, and decide which measures are appropriate to include in our application, and which can be implemented internally.
Collaborating with external vendors not only requires careful research, but also time to obtain multiple quotations and deal with all the receipts. If it is easier and quicker to assign some tasks directly to competent staff or quality vendors whom we have collaborated well before, we think these tasks should not be included in the application.
We have a strong need to protect our intellectual properties, as we are developing our own products in the Mainland and selling them there at the same time. In our two previous applications, we did not take advantage of including the measures related to patent/trademark registration application offered by the BUD Fund. We only found out about this measure at a seminar after submitting our second application. Unfortunately, we couldn't modify our application at that point. We will definitely consider including this in our next application.
We suggest you to familiarize yourself with the scope of funding, to ensure that you can get the most out of the Fund's support. Even if you have applied before or plan to apply again, be sure to stay up-to-date with the latest measures, and don't miss out.
