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BIM FUNDINGS

Explore the different funding options available to you.

The Construction Innovation and Technology Fund (CITF)

The Construction Innovation and Technology Fund (CITF)

The CITF is a newly established government funding to encourage wider adoption of innovative constructive methods and new technology in the construction industry.

The Construction Innovation and Technology Fund (the CITF) is established to encourage wider adoption of innovative constructive methods and new technologies in the construction industry with a view to promoting productivity, uplifting built quality, improving site safety and enhancing environmental performance.

The CITF will cover two aspects, namely technology adoption and manpower developement. The CITF will be used to encourage the construction industry to use new and proven technologies developed within or outside Hong Kong. 

Eligble Applicants Requirements
Construction Levy-paying Constractors Contractors who have paid construction industry levy to the CIC in the past 24 months at the time of CITF application
Registered Subcontractors Subcontractors who are registered under the Subcontractor Registration Scheme (SRS) operated by the CIC
Consultants Consultants listed on:
(a) the directory maintained by the Engineering and Associated Consultants Selection Board
(b) the list maintained by Architectural and Associated Consultants Selection Board
(c) the Band 3 Architetural Consultants maintained by the Hong Kong institute of Architects and the Association of Architectural Practices Ltd
(d) a member company of the Association of Consultant Quantity Surveyors, The Hong Kong Institute of Surveyors, or the Association of Consulting Engineers of Hong Kong

The CITF is open for application now. Please apply online via https://www.citf.cic.hk

  • Training : $200 per company, each employee entitle to $3K per training (100% cash rebate)
  • BIM experience use : $200K per company (70% grant)
  • BIM project adoption : $600K (70% grant)
  • Advanced Construction Technology (ACT) : $800K per technology (70% grant)

Below is a list of products and technologies which were already reviewed by the Vetting Sub-committee. Thus CITF applicants choose to use these products and technologies can enjoy a streamlined application process.

 

Reindustrialisation and Technology Training Programme (RTTP)

Reindustrialisation and Technology Training Programme (RTTP)

The RTTP is a funding programme under the Technology Talent Scheme that aims at subsidising local companies on a 2:1 matching basis to train their staff in advanced technologies, especially those related to "Industry 4.0".

The following types of trainings will be funded by RTTP:

  1. Public courses: a training course that is open to the public for enrolment; and
  2. Tailor-made courses: a training course that is designed for a particular company.

The technologies covered by the training courses should be advanced in nature and not yet widely adopted in Hong Kong. The adoption of such technologies should also benefit the economy of Hong Kong. Both relevant local and non-local courses can be supported.

  • Registered in Hong Kong under the Business Registration Ordinance
  • Non-government and non-subvented organisation
  • The employee nominated is a Hong Kong permanent resident with the necessary background / experience relevant to the advanced technology

Course providers and companies interested in registering their public courses or tailor-made courses for their employee(s) should complete the application form and submit to the Secretariat at least eight weeks before the scheduled commencement dates of the courses. Late applications may not be entertained.

Companies interested in applying for training grant for their employees to attend registered public courses should complete the application form and submit to the Secretariat with supporting documents at least two weeks before the commencement of the courses.

The training grant is payable upon the satisfactory completion of the training courses. Companies should submit claim form and relevant documents to the Secretariat within two months after course completion for reimbursement of the funding.

  • $500K each company in each financial year
  • Subsidies on a 2:1 matching basis
Technology Voucher Programme (TVP)

Technology Voucher Programme (TVP)

The TVP aims to subsidise local non-listed enterprises in using technological services and solutions to improve productivity, or upgrade or transform their business processes.

TVP was launched in November 2016 to subsidise local small and medium enterprises (SMEs) in using technological services and solutions to improve productivity, or upgrade or transform their business processes. The programme is implemented on a pilot basis for an intitial period of three years from November 2016 with HK$500 million from the Innovation and Technology Fund.

Since 28 February 2018, the eligibility of TVP has been relaxed as follows:

  • an applicant enterprise is required to have substantive business operation in Hong Kong at the time of application instead of for a year; and
  • TVP is eligible to non-listed enterprises of all sizes instead of just for small and medium enterprises.

Non-listed enterprises fulfilling the following requirements are eligible to apply for funding under the TVP:

  1. registered in Hong Kong under the Business Registration Ordianance (BRO) (Cap. 310); and
  2. with substantive business operation in Hong Kong which is related to the project under application at the time of application.

An enterprise should register as a user and submit its application through the Technology Voucher Programme Funding Administrative System (https://tvp.itf.gov.hk). In case of difficulties, applicant enterprises may approach the TVP secretariat for assistance in submitting applications through the TVP website.

  • $200K each company for a max of 3 projects
  • Subsidies on a 2:1 matching basis

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