Introduction

Smart Smart Prop

Mobility City Tech

Funding Scheme
Funding Organization
ITC Innovation and Technology
Commission
Innovation and Technology Support Programme (ITSP)
(Mid-stream, theme-based)
Innovation and Technology Support Programme (ITSP)
(Platform and Seed)
Partnership Research Programme (PRP)
Research and Development Cash Rebate Scheme (CRS)
Public Sector Trial Scheme – ITF Projects (PSTS-ITF)

TD Transport
Department
Smart Traffic Fund
 ITC Innovation and Technology Support Programme (ITSP)(Mid-stream, theme-based)

Mid-stream Lead Applicant

Theme-based
University funded by the UGC

Industrial Sponsorship
• Maximum Funding:
NOT mandatory
HK$5M for Standalone
HK$10M for collaborate with Project Duration
research institutes
36 months
(application period: 10 July 2023 to
• Topic: 22 September 2023)
1. Engineering technologies for
environmental sustainability Intellectual Property (IP) Ownership
2. Biologics and cell-based
Co-own
therapies
ITC Innovation and Technology Support Programme (ITSP)

Seed
Lead Applicant

R&D Centre or a designated local

• Exploratory and forward- public research institute

looking in nature Industrial Sponsorship

• R&D Centres will be Not mandatory

accepted all year round Project Duration

• Maximum Funding: 24 months

HK$2.8M by R&D Centres
Intellectual Property (IP) Ownership
HK$1.4M by other applicants
Lead applicant
 ITC Innovation and Technology Support Programme (ITSP)
Lead Applicant

R&D Centre or a designated local

public research institute

Industrial Sponsorship

• Industrial-oriented 10% of total project cost

applied R&D project
Project Duration
with potential for
commercialisation 24 months

• R&D Centres will be Intellectual Property (IP) Ownership

accepted all year Lead applicant

round
ITC Partnership Research Programme (PRP)
Lead Applicant

R&D Centre or a designated local

public research institute

Industrial Sponsorship
• Support R&D projects in
>=50% of the total project cost
collaboration with
companies Project Duration

36 months
• Accepted all year round
Intellectual Property (IP) Ownership

Industry co-applicant
 Lead Applicant

• Not a government subvented

organisation or the subsidiary

• Eligible projects • Company under Cap. 622 and

• ITF funding project Cap. 310
• Enterprise funded and
Industrial Sponsorship

Cash
partnership with local
public research N/A
ITC institutes
Project Duration

Rebate
• Accepted all year round N/A

Intellectual Property (IP) Ownership

Research and Development Cash Rebate
N/A
Scheme (CRS)
 • Funding Amount:
• 40% of a local enterprise's eligible expenditure
• 60% 300% super tax
Example

An ITF project costing 1M , company contributed 51%

R&D expenditure by the company = $510,000

Cash
ITC
Cash rebate = $510,000 x 40%
= $204,000

Rebate
Super tax = ($510,000 - $204,000) X 300 X 16.5%
= $151,470
Actual expenditure for 1M R&D project
Research and Development Cash Rebate
Scheme (CRS)
= $510,000 – Cash rebate – Super tax
= $154,530
30%
 ICT Public Sector Trial Scheme – ITF Projects (PSTS-ITF)
Lead Applicant

Public Sector Trial R&D Centre/Designated local public

research institute/ Project IP owner

Scheme • Aim to facilitate the

development of new
Industrial Sponsorship

N/A
products not already Project Duration
available in the market
24 months
• Accepted all year round Intellectual Property (IP) Ownership

• Maximum Funding: N/A

Up to 100%by R&D Centres
50% by other applicants
 Lead Applicant
TD

Smart Traffic
R&D Centre/Designated local public
research institute/Local Universities

Companies

Fund
• Vehicle-related project
Industrial Sponsorship
• Accepted all year round
Not mandatory

• Maximum Funding: Project Duration

Up to 90% by public sector
50% by corporate 24 months

20M for application project Intellectual Property (IP) Ownership

8M for pure research
Applicant
Thank you