Enterprise Support Scheme (ESS) has been launched in April 2015 to replace the Small Entrepreneur Research Assistant Scheme (SERAP). It is under the Innovation and Technology Fund and is administrated by the Innovation and Technology Commission (ITC).
ESS provides up to HK$10 million for each approved R&D project on a dollar-for-dollar matching basis. Project period should not be longer than 2 years.
Unlike SERAP, ESS has no limitation on company size. Any Hong Kong incorporated company is eligible to apply. Also, recoupment of government’s contribution is not required.
Applications are vetted based on: innovation and technology component, technical and management capability, financial considerations, commercial viability, and relevance with government policies / community interests.
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Applications are open all year round and should be submitted electronically.