Chuangke Fund "Price Reduction" Expansion: 6 New Plans Empower Small and Medium sized Enterprises to Innovate!

The funding for new industrialization and the pilot program for upgrading manufacturing production lines directly target the pain points of the industry, guided by the goal of "lowering barriers and increasing coverage", to assist small and medium-sized enterprises in leveraging government resources to verify technology and accelerate growth, injecting new momentum into the construction of the Hong Kong International Innovation and Technology Center.

'Price reduction' is not about weakening support, but about optimizing policies with precision. The reduction of HKD 100000 this time is minimal and does not affect the normal declaration of enterprises. On the contrary, it can enable fund resources to focus more efficiently on high-quality innovative projects, avoid waste, free up space for new plans, and reflect the prudent and precise management of government funds. The synchronous expansion measures have confirmed the core logic of "optimizing configuration with small subtraction and expanding the coverage with large addition".

Expansion is the core of this adjustment, with 6 new plans precisely aligning with industry demand. The new plan covers key areas such as new industrialization and upgrading of intelligent production lines, which are in line with the pain points of Hong Kong's innovation and technology industry. The funding for new industrialization has attracted much attention, with the total project cost threshold halved from HKD 300 million to HKD 150 million, significantly reducing the difficulty of entry and providing key financial support for small and medium-sized enterprises in advanced manufacturing, new energy and other fields.

The pilot program for upgrading manufacturing production lines focuses on industrial upgrading, funding enterprises to build intelligent production lines, and helping traditional manufacturing industries transform towards high-end intelligence, which is in line with Hong Kong's new industrialization strategy. The trial program for public institutions has been expanded to all incubated and graduated enterprises in Cyberport and Science Park, significantly expanding the scope of benefits. Public institution orders not only bring stable revenue, but also provide authoritative verification of enterprise technology, accumulate practical experience, bridge the "last mile" of commercialization, and accurately match the core needs of small and medium-sized enterprises.

Double directional efforts will be made to lower barriers to entry and increase coverage, consolidating the foundation of the innovation and technology ecosystem. This core orientation accurately solves the pain points of innovation for small and medium-sized enterprises: lowering the cost threshold to alleviate financial pressure, expanding the scope of benefits through new plans, and opening up commercialization links through trial use by public institutions. The comprehensive support system will stimulate the innovation enthusiasm of small and medium-sized enterprises, attract high-quality projects to land, and further improve the innovation and technology industry ecosystem in Hong Kong.

This adjustment is not an isolated measure, but an important part of Hong Kong's efforts to promote high-quality development of innovation and technology. In recent years, Hong Kong has continued to increase investment in innovation and science, forming a policy synergy effect through the establishment of guidance funds, support for strategic industries, and the construction of innovation carriers. The fund's "price reduction" expansion and optimization of the existing policy system have focused on small and medium-sized enterprises as the backbone of innovation, activated the vitality of micro entities, and formed synergy with previous innovation and venture capital funds, building a development pattern of "government guidance, market leadership, and enterprise entities".