The Innovation and Technology Fund for Better Living (“FBL”) is a scheme for funding innovation and technology projects which will make people’s daily living more convenient, comfortable and safer, or address the needs of specific community groups. The FBL with a funding size of HK$500 million is expected to operate for 5 years with effect from 2017-18.
Themes & requirements: |
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Funding support: | The maximum amount of each grant is 90% of the total eligible project cost, or HK$5 million, whichever is the lower. The balance of the project cost (10%) should be met through income derived from the project, funding from other sources or self-financing (e.g. sales proceeds, third party sponsorship, funding from parent organization, etc.) which may be in cash or in-kind. |
Max. project duration: | The development of the project should be completed within 12 months and the project should run for at least 2 consecutive years, except for project which is one-off in nature. |
Application schedule: | Open for application all year round, subject to the availability of fund under the FBL. |
Submission of Application
Applications should be submitted either:
Relevant link:
FBL website: http://www.itb.gov.hk/en/fbl/