New Industrialisation Funding Scheme (NIFS)
新型工業化資助計劃（NIFS）
Status not published
Applications are accepted on a rolling basis with periodic assessment by the vetting committee.
Government matching funding of up to one-third of the total approved project cost or HK$15 million per project, whichever is lower, to set up new smart production lines in Hong Kong. The company funds at least two-thirds of the project cost.
You must co-fund 67%. Work out the cash you need
Innovation and Technology Commission (ITC), Government of the HKSAR
public · national
Deadline: Open all year — Applications are accepted on a rolling basis with periodic assessment by the vetting committee.
This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.
Major bid — written case, budget, possibly partners.
You fund 67% yourself.
Who can apply
- Sectors: manufacturing, deeptech
- Stage: Series A and growth
- Locally registered entity required
Companies registered in Hong Kong under the Companies Ordinance, setting up new smart production lines physically located in Hong Kong. Applicants must demonstrate the financial capability to fund at least two-thirds of the project cost.
How to apply
- Plan the smart production line, including equipment, automation and the Hong Kong production site.
- Submit the application through the NIFS online system with the business case and financials.
- Assessment covering technology content, economic benefit and financial capability.
- Approval, funding agreement and milestone-based disbursement.
- Operate the production line in Hong Kong for the required period after completion.
What you will need
- Project proposal covering the production line design and technology
- Detailed budget and equipment quotations
- Certificate of Incorporation and Business Registration Certificate
- Audited financial statements for the past three years
- Evidence of the company's matching contribution
- Site or lease documentation for the Hong Kong production facility
Related reading: How grant deadlines actually work
Source. https://www.itf.gov.hk/filemanager/en/content_39/nifs-guide-e_202601.pdf
"the Government covering a maximum of one-third of the total approved project cost or HK$15 million per project, whichever is lower."
Last checked against the official page on 5 October 2026
Source: www.itf.gov.hk
Report an error Something wrong or out of date? Tell us.
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