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Re-industrialisation Funding Scheme (RFS)

Objective

Launched in July 2020, RFS aims to subsidise manufacturers to set up new smart production lines in Hong Kong.

 

Eligibility

Companies incorporated in Hong Kong under the Companies Ordinance (Cap. 622) are eligible to apply.

 

Key Features

  1. Entire or a significant portion of the production line under application should fulfil the "smart manufacturing" criteria.
  2. Funding will be provided on a 1 (government) : 2 (company) matching basis.
  3. Maximum funding support: one-third of the total approved project cost or $15 million per project, whichever is lower.
  4. Funding scope: expenses directly related to the establishment of the new production line in Hong Kong.
  5. Project duration: normally within 24 months.

 

Application

RFS invites application for funding all year round. Applicant is required to register its entity and the relevant personnel with the Innovation and Technology Commission Funding Administrative System (ITCFAS) prior to submitting the application electronically. 

 

Assessment

The Innovation and Technology Commission (ITC) will conduct an initial assessment of the application and submit the funding recommendations to the RFS Vetting Committee (the Committee) for consideration. Applications supported by the Committee will be submitted to the Commissioner for Innovation and Technology for funding approval.

 

# The above information of RFS is quoted from the official RFS website (https://www.itf.gov.hk/en/funding-programmes/facilitating-technology/rfs/index.html) and summarized by Data World Solutions Limited.  Since the official RFS webpage is a third-party webpage, Data World Solutions Limited cannot guarantee that its information or content will not be updated, removed, or deleted.

 

If you are interested in applying for RFS, please click here to fill in the inquiry form!

 

For any enquiries, please contact us at 2185 1717 or by email: info.solutions@dataworld.com.hk

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