D-Biz subsidy increase to 1.5 billion HKD
Secretary for Innovation and Technology Alfred Sit Wing-hang announced on Friday June 26th that funding for the Distance Business Programme, which provides financial support to companies adopting IT solutions to remain in operation, would triple to HK$1.5 billion (US$192.3 million).
Sit said the scheme had proved popular so the application period might close earlier than its original deadline of October 31, depending on the resources available and the situation with applications. An announcement would be made two weeks before the closing date should that happen.
So any of our members who are either looking into investing in digital services, or are a provider for such services approved for the scheme are encouraged to apply.