The Innovation and Technology Commission today (August 18) introduced enhancement measures for the Distance Business Programme to further support enterprises to develop distance business during the epidemic.
The enhancements are as follows:
1. From 9am on August 31, enterprises may submit a second application in which the categories of the IT solutions must be different from the approved categories in the first application. They may submit a second application after they have replied to the Secretariat on the result of the first application. The assessment criteria of the Programme remain unchanged. Each enterprise may receive aggregate funding of up to $300,000;
2. The funding period for subscription-based IT solutions will be extended from six months to 12 months. This arrangement is also applicable to applications approved earlier;
3. The restriction that related entities being regarded as one single entity are not allowed to submit applications will be lifted; and
4. Social enterprises with certifications issued by the Hong Kong Council of Social Service for the Distance Business Programme will also be eligible.
The application deadline for the Programme is October 31.