As we navigate the challenges of 2024 and look ahead to 2025, the government has committed to providing great support on technology development, as the Financial Secretary Paul Chan stated in his 2025-26 Budget Speech. He also said “to seize the opportunities brought about by the rapid advancement of innovation and technology… it is an investment in our future”.
The Budget highlights in technology development:
- A two-year Pilot Manufacturing and Production Line Upgrade Support Scheme (Manufacturing+) with HK$100 million to provide funding of up to HK$250,000 each on a one-to-two (1 government: 2 companies) matching basis to enterprises
- Study a set of streamlined procedures for vetting license applications for operating Low Earth Orbit satellites
- HKEX will establish a dedicated “technology enterprises channel” (“TECH”) to assist specialist technology and biotechnology companies prepare for listing applications
- Review tax-deduction arrangements for purchase of intellectual property usage rights and related transactions
- World Intellectual Property Organization’s publication event of the top 100 science and technology clusters to be held in Hong Kong this year
- Low-altitude Economy Regulatory Sandbox: announcing results soon; consider dedicated legislation for various types of Advanced Air Mobility
- HKTDC to add thematic pop-up display area during major innovation and technology exhibitions to showcase high-quality innovative technology products
The details of the 2025-26 Budget: https://www.budget.gov.hk/2025/eng/index.html
CMA Testing’s subsidiary, CMA+, is positioned to help technology businesses thrive in this evolving landscape by helping you access funding opportunities from the government’s budget, providing strategic guidance to align your projects with policy objectives, fostering collaboration with industry peers and research institutions, and delivering tailored support programs designed to enhance your growth in key areas of technological advancement.
Don’t wait, reach out to us today at [email protected] to discover the potential of collaborating with CMA+ for future innovation and growth!