ITF - Tier 3 of Innovation and Technology Support Programme (ITSP)

ITSP supports midstream/downstream research and development (R&D) projects undertaken mainly by universities, R&D Centres, industry support organizations, professional bodies and trade and industry associations. Tier 3 projects should be exploratory, forward-looking and innovative in nature to provide the foundation for future applied R&D projects.

Applications under the themes of “Smart Technologies for Helping Combat Climate Change”, “Healthy Ageing”, “Smart City”, “Cyber Security” and “FinTech (Technologies for financial services)” are particularly invited. 

Summary of Major Requirements for Tier 3

Theme Projects should be exploratory and forward- looking in nature to provide the foundation for future applied R&D projects
Funding ceiling HK$1.4 million
Max. project duration 18 months
Industry sponsorship Not mandatory

Internal Deadline: 21 September 2017
ITC Deadline: 29
September 2017

Cash Rebate for Company Sponsors of ITF Projects
Company sponsors will receive a cash rebate equivalent to 40% of its expenditure (cash and in-kind contributions) in the funded ITF projects.  Details of the ITC Cash Rebate Scheme is available at the ITC website: http://www.itc.gov.hk/en/funding/crs.htm

Submission of Application

Applications should be submitted electronically through the ITCFAS II at the ITF website: https://itcfas.itf.gov.hk/itcfas/

Please also send the completed Endorsement form to RO via Head and Dean.

Please include the following budget items in each application:
1) External audit fees ($8,000 per year for total project cost less than 1 million. $14,000 per year for total project cost between $1 million and $5 million, $20,000 per year for total project cost more than $5 million), and

2) Administrative overhead charge:
Platform Research Projects: 15% x Total [Manpower+ Equipment+ Other Direct Cost - Industry Sponsorship] Collaborative Research Projects: 15% x Total [Manpower + Equipment + Other Direct Cost]

Relevant link:
● ITC website: http://www.itf.gov.hk/l-eng/ITSP.asp