The new Green and Sustainable FinTech Proof-of-Concept Funding Support Scheme, commissioned by the Financial Services and the Treasury Bureau and administered by Cyberport, is now accepting applications.
In keeping with the HKSAR Government’s call for GreenTech to catalyse Hong Kong’s green development, the initiative aims to promote R&D and commercial adoption of Green FinTech solutions in five key areas: (1) Green and Digital Finance and Investment; (2) ESG Disclosure, Compliance, and Regulatory Reporting; (3) Carbon Trading, Analytics, and Technology; (4) ESG Data, Intelligence, and Analytics; and (5) ESG/Climate Risk Modelling and Assessment. Every approved project has the potential to receive as much as HK$150,000 in funding.
Eligibility is limited to tech companies or research institutes registered and operating in Hong Kong. Applicants must be actively involved in substantial Green and Sustainable FinTech or mainstream technology innovation activities, and are required to partner with one or more local enterprises to co-create a Green and Sustainable FinTech PoC project. Possible partners include licensed financial institutions, well-established or main board-listed companies able to benefit from Green and Sustainable FinTech, or organisations presently promoting the adoption of such solutions.
The scheme will evaluate projects based on their potential for achieving a breakthrough in existing Green and Sustainable FinTech services, for addressing industry pain points, for maximising green impact, or for pioneering new business opportunities. The feasibility of functioning in a real-world business context is also a key consideration.
Cyberport will select the suitable entries in consultation with a cross-sector advisory committee. Once approved, PoC projects must begin within one month and be finished within four.
The application deadline is 20 September 2024. For more information, please visit the Green and Sustainable FinTech Proof-of-Concept Funding Support Scheme website.
