Hong Kong Cyberport Management Company Limited
Digital Transformation Funding Programmes

Digital Transformation Funding Programmes

Strategic initiatives catalysing industry digital transformation

The Digital Transformation Support Pilot Programme

The Digital Transformation Support Pilot Programme (DTSPP) provides subsidies to local SMEs in the food and beverage (F&B), retail, tourism, and personal services industries to accelerate digital transformation and enhance the competitiveness of enterprises. The DTSPP will provide funding support to SMEs on a 1:1 matching basis, enabling them to adopt ready-to-use digital solutions in three categories: Digital Payment Solutions and Shopfront Sales, Online Promotion, and Customer Management and Loyalty Solutions. Each approved SME can receive funding covering up to 50% of the total project cost, or a maximum of HKD50,000, whichever is lower. The HKSAR Government has allocated HK$500 million for DTSPP’s matching purposes.

The packages of digital solutions are as follows:

Digital Payment Solutions and Shopfront Sales
To assist enterprises in automating payment and calculation workflows and in supporting electronic payments to open up new payment channels, systems include in-store self-service sales solutions such as self-ordering systems and vending machines. These systems can automatically generate reports through marketing data, allowing enterprises to analyse their businesses and providing them with a basis for making business decisions.

Online Promotion
To develop company websites and social media pages for enterprises, or to help them promote their businesses through online search engines and social media platforms.

Customer Management and Loyalty Solutions
Systems in this category support sales promotion activities such as electronic membership programmes and electronic coupons. These systems also provide customer support, case management, and knowledge database functions, and generate reports that allow enterprises to effectively review, analyse, and manage sales activities, as well as identify potential customers and conduct related follow-up work.

For further details, please visit the DTSPP website: https://dtspp.cyberport.hk/

Green and Sustainable Fintech Proof-of-Concept Funding Support Scheme

The Financial Services and the Treasury Bureau launched the Green and Sustainable Fintech Proof-of-Concept Funding Support Scheme (PoC Scheme) to provide funding support to technology companies and research institutes to implement innovative and high-impact Green and Sustainable Fintech solutions and expedite their commercial adoption in Hong Kong. ​The Green FinTech solutions cover five key areas: 1. Green & Digital Finance and Investment; 2. ESG (Environmental, Social and Governance) Disclosure, Compliance & Regulatory Reporting; 3. Carbon Trading, Analytics and Technology; 4. ESG Data, Intelligence, and Analytics; and 5. ESG/Climate Risk Modelling & Assessment. Each approved project is entitled to funding of up to HK$150,000.

For details, please visit the PoC Scheme’s website: https://greenfintechpoc.cyberport.hk/

FSS3.1 Pilot (2024)

The FSS3.1 Pilot (2024) provides development-stage funding support for innovative FinTech solutions to promote commercialisation and wider adoption of the projects which fit into the HKMA’s regulatory mandate. The scheme is administered by the Hong Kong Cyberport Management Company Limited.

Qualifying FSS 3.1 Pilot projects must:

  • Have successfully participated in a Pilot or Proof-of-Concept programmes sponsored or supported by a government bureau or department, a regulator, or a reputable organisation; or have won an award in relevant FinTech competition(s);
  • Support HKMA initiatives, such as i) Central Bank Digital Currency (CBDC), ii) Commercial Data Interchange (CDI), iii) Interbank Account Data Sharing (IADS), iv) RegTech, and/or v) Risk Management;
  • Address a practical issue or pain point faced by the banking industry with no prior use case in the market;
  • Be governed by a sponsorship agreement or letter of intent in writing between the applicant and the project sponsor; and
  • Demonstrate strong potential for commercialisation.

Each approved project will be granted up to HK$500,000. 

For more details, please visit https://fss2024.cyberport.hk

GBA Fintech Two-way Internship Scheme for Post-secondary Students

The Financial Services and the Treasury Bureau launched the GBA Fintech Two-way Internship Scheme for Post-secondary Students to enlarge the local FinTech talent pool. The scheme enables post-secondary students studying FinTech programmes in Hong Kong and in the Mainland cities of the GBA to acquire internship experience in FinTech companies and helps them develop an early interest in pursuing their career in the FinTech field.

For details, please visit https://gbafinternship.cyberport.hk/

Research Talent Hub for Incubatees and I&T Tenants of the HKSTPC and the Cyberport (RTH-SPC)

To nurture and bring together more technology talent and encourage them to pursue a career in innovation and scientific research, the RTH-SPC, launched in July 2020, provides incubatees and I&T tenants of the Hong Kong Science and Technology Parks Corporation (HKSTPC) and the Hong Kong Cyberport Management Company Limited (Cyberport) with funding support for the recruitment of research talents to conduct research and development (R&D) work. The RTH-SPC merged the previous Researcher Programme and Postdoctoral Hub for incubatees and I&T tenants of the HKSTPC and Cyberport.

For details, please visit: https://www.itf.gov.hk/en/funding-programmes/nurturing-talent/research-talent-hub/research-talent-hub-for-spc-projects-rth-spc-/index.html

Public Sector Trial Scheme for Incubatees & Graduate Tenants of Hong Kong Science & Technology Parks Corporation and Hong Kong Cyberport Management Company Limited (PSTS-SPC) 

PSTS-SPC aims to provide funding support for production of prototypes/samples and/or conducting of trials in the public sector by incubatees and graduate tenants of the Hong Kong Science and Technology Parks Corporation and Hong Kong Cyberport Management Company Limited.

For details, please visit: https://www.itf.gov.hk/en/funding-programmes/facilitating-technology/psts/psts-spc/index.html

Technology Talent Admission Scheme

The Technology Talent Admission Scheme (TechTAS) provides a fast-track arrangement for eligible companies to admit non-local technology talent to undertake research and development (R&D) work for them in the Hong Kong Special Administrative Region. Eligible companies would first have to apply for a quota. A company allotted with a quota by the Innovation and Technology Commission can accordingly sponsor an eligible person to apply for an employment visa/entry permit within the 24-month quota validity period.

For details, please visit the TechTAS website: https://www.itc.gov.hk/en/fund_app/techtas/index.html