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Gov't opens research and development funding scheme

Interested applicants may submit their proposals until 30 June.

The Innovation and Technology Commission (ITC) has launched the 2023 Mainland-Hong Kong Joint Funding Scheme.

The scheme accepts proposals for applied research and development projects under biotechnology, artificial intelligence, and new materials to be jointly conducted by universities, research institutes, and technology enterprises in Hong Kong and China.

Applications for the scheme must be submitted simultaneously by the participating organisations to the ITC and the Ministry of Science and Technology.

The ITC Secretariat would conduct a preliminary screening of these applications before submitting them to the Innovation and Technology Fund Research Projects Assessment Panel for examination.

READ MORE: The ChatGPT effect? Investors bet big on deep tech startups 

The approved proposals would receive funding for 24 months, an industry sponsorship, and intellectual property rights ownership for lead applicants.

Interested applicants can submit applications for the Mainland-Hong Kong Joint Funding Scheme until 30 June.

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