NGOs & Social
Enterprises
Major service
5 major areas of government funding
Corporate Finance Advisory
Innovation and Technology
Fund for Better Living (FBL)
The Innovation and Technology Fund for Better Living ("FBL") is a scheme for funding innovation and technology ("I&T") projects which will make people's daily living more convenient, comfortable and safer, or address the needs of specific community groups. The FBL with a funding size of HK$500 million is expected to operate for 5 years with effect from 2017.
Social Enterprise Development
Innovation and technology content
Social benefit
The funding ceiling is 90% of the total eligible expenditure of the project
For more details about the Scheme, please visit Innovation and Technology Bureau or contact us
Eligibility
Eligible Applicants include:
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Non-governmental organisations receiving subvention from the Social Welfare Department
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Public bodies under Section 2 of the Prevention of Bribery Ordinance (Cap. 201), except the Government Bureaux/Departments, the Executive Council and the Legislative Council
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Professional bodies
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Trade associations
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Social service organisations exempted from tax under Section 88 of the Inland Revenue Ordinance (Cap. 112)
The above organisations should either be registered under the Companies Ordinance (Cap. 622) or the former Companies Ordinance (Cap. 32); or statutory corporations established under any Ordinances in Hong Kong. Other organisations may also be considered under exceptional circumstances.
Project requirements:
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The project must be able to benefit the public or special communities, and be in line with government policies
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The project must be innovative application technology
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The fund supports different project themes, such as daily life, education, environment, health, safety, transportation, etc., which will benefit the society
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Project results can be in different forms, including mobile applications, products, devices, equipment, tools, services, software, or other forms with good reasons
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The project results must be developed and launched within 12 months, and operate continuously for at least two years after launch (except for one-off projects)
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The funding limit for each approved project is 90% of the project’s eligible total expenditure or HK$5 million
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The project is not profitable during the funding period
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The project must be mainly developed in Hong Kong