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The Innovation and Technology Commission (ITC) announced today (July 30) the extension of the Public Sector Trial Scheme to all completed Innovation and Technology Fund (ITF) projects to facilitate the realisation and commercialisation of research and development (R&D) results.
Under the scheme, funding will be provided to research institutions and private companies that have completed ITF projects, enabling them to produce prototypes or samples and to conduct trial schemes in the public sector. The funding will be up to 30 per cent of the actual cost of the relevant completed project.
A spokesman for the ITC said, "The scheme was designed to assist in the application of R&D results in the real world and facilitate further development and refinement of products in meeting the needs of eventual clients."
The scheme was first launched in March 2011 as a pilot programme for R&D projects undertaken by the five R&D Centres set up under the ITF. In the light of the good response to the scheme, the ITC has decided to extend the scheme to cover all R&D projects funded under the ITF.
Applications are open all year round. Details of the scheme and the application form are available at the ITF website (www.itf.gov.hk). For enquiries, please contact the Innovation and Technology Support Programme Section of the ITC (Tel: 3655 5725; email: enquiry@itc.gov.hk).
Ends/Monday, July 30, 2012
Issued at HKT 16:00
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